Business Confidence by Country
OECD standardised business confidence indicator (long-term average = 100). Latest values for 48 economies.
Among 46 countries, Russia has the highest business confidence at 104.10 and India the lowest at 95.43 (latest available readings).
Business Confidence by Region
Latest available reading (periods may differ by country). Choose a region or “All countries”.
Business Confidence — All Countries
Sorted by latest value. Click headers to re-sort.
| # | Country | Last | Previous | Period |
|---|---|---|---|---|
| 1 |  Russia | 104.10 | 104.06 | Jan 2022 |
| 2 | New Zealand | 102.85 | 101.93 | Sep 2026 |
| 3 | Croatia | 102.35 | 101.26 | Sep 2026 |
| 4 | Greece | 102.04 | 101.95 | Sep 2026 |
| 5 | Japan | 101.68 | 101.57 | Sep 2026 |
| 6 | Israel | 101.67 | 101.65 | Aug 2026 |
| 7 | Latvia | 101.62 | 101.44 | Sep 2026 |
| 8 | United Kingdom | 101.45 | 99.62 | Sep 2026 |
| 9 | Spain | 101.36 | 101.17 | Sep 2026 |
| 10 | Netherlands | 101.26 | 101.12 | Sep 2026 |
| 11 | Lithuania | 101.07 | 100.73 | Sep 2026 |
| 12 | Costa Rica | 100.97 | 100.77 | Aug 2026 |
| 13 | Colombia | 100.91 | 100.63 | Aug 2026 |
| 14 | Sweden | 100.79 | 100.90 | Sep 2026 |
| 15 | Switzerland | 100.62 | 100.31 | Aug 2026 |
| 16 | France | 100.58 | 100.52 | Sep 2026 |
| 17 | Italy | 100.52 | 100.36 | Sep 2026 |
| 18 | Finland | 100.51 | 100.63 | Sep 2026 |
| 19 | Luxembourg | 100.42 | 100.29 | Sep 2026 |
| 20 | United States | 100.34 | 100.36 | Sep 2026 |
| 21 | Bulgaria | 100.32 | 100.20 | Sep 2026 |
| 22 | Euro Area | 100.19 | 99.98 | Sep 2026 |
| 23 | Slovenia | 100.16 | 99.86 | Sep 2026 |
| 24 | Turkey | 100.10 | 99.63 | Sep 2026 |
| 25 | European Union | 100.07 | 99.90 | Sep 2026 |
| 26 | Norway | 99.98 | 99.91 | Jun 2026 |
| 27 | Australia | 99.92 | 99.88 | Aug 2026 |
| 28 | Germany | 99.90 | 99.66 | Sep 2026 |
| 29 | Romania | 99.61 | 99.63 | Sep 2026 |
| 30 | Portugal | 99.61 | 99.57 | Sep 2026 |
| 31 | Poland | 99.60 | 99.64 | Sep 2026 |
| 32 | Canada | 99.56 | 99.57 | Apr 2026 |
| 33 | South Africa | 99.51 | 99.55 | Sep 2026 |
| 34 | Hungary | 99.44 | 99.37 | Sep 2026 |
| 35 | South Korea | 99.41 | 99.49 | Sep 2026 |
| 36 | Chile | 99.30 | 99.13 | Sep 2026 |
| 37 | Czech Republic | 99.21 | 99.53 | Sep 2026 |
| 38 | Belgium | 99.18 | 98.99 | Sep 2026 |
| 39 | Brazil | 99.04 | 99.51 | Sep 2026 |
| 40 | Indonesia | 99.00 | 98.94 | Jun 2026 |
| 41 | Ireland | 98.85 | 99.03 | Sep 2026 |
| 42 | Austria | 98.66 | 98.96 | Sep 2026 |
| 43 | Denmark | 98.54 | 98.46 | Sep 2026 |
| 44 | Mexico | 98.39 | 98.39 | Sep 2026 |
| 45 | China | 98.36 | 98.43 | Aug 2026 |
| 46 | Estonia | 96.69 | 96.74 | Apr 2026 |
| 47 | Slovakia | 96.60 | 97.38 | Sep 2026 |
| 48 | India | 95.43 | 96.88 | Feb 2026 |
Business Confidence around the world — in simple words
Overview
Business Confidence is available for 45 economies with recent data. The median value is 99.98 and the simple average is 99.94.
Highest: New Zealand (102.85), Croatia (102.35), Greece (102.04), Japan (101.68), Israel (101.67).
Lowest: India (95.43), Slovakia (96.60), Estonia (96.69), China (98.36), Mexico (98.39).
Major economies
Among the 17 major economies tracked here, Japan (101.68) has the highest reading and India (95.43) the lowest. Their median is 99.90.
Business Confidence — Regional Medians
Median of the latest readings of countries in each World Bank region. The median is the middle value — half the countries are above it and half below.
| Region | Countries | Median |
|---|---|---|
| East Asia & Pacific | 6 | 99.67 |
| Europe & Central Asia | 29 | 100.16 |
| Latin America & Caribbean | 5 | 99.30 |
| Middle East, North Africa, Afghanistan & Pakistan | 1 | 101.67 |
| North America | 2 | 99.95 |
| South Asia | 1 | 95.43 |
| Sub-Saharan Africa | 1 | 99.51 |
Understanding Business Confidence — a simple guide
What it measures
The OECD standardised business confidence indicator, based on surveys asking companies about production, orders and stocks.
How it is calculated
Survey answers from businesses are combined and standardised by the OECD so that 100 equals the long-term average.
A reading of 101.5 means businesses are somewhat more optimistic than their long-run norm.
High confidence often comes before more investment and hiring.
Low confidence often comes before cuts in production and investment.
Why it matters for the economy and markets
Confident businesses tend to invest and hire more, so this survey often moves ahead of actual production and employment data.
How to read it
100 is the long-term average. Values above 100 mean companies are more optimistic than usual; below 100, more pessimistic.
What to look at alongside it
Industrial production, PMI-type surveys and the leading indicator.
Key terms
- Survey indicator
- Based on opinions of managers rather than measured output.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What does business confidence measure?
Which country has the highest business confidence?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.