Business confidence by country

Every economy Bullrun holds a reading for: 41 in all, ranked highest first. Greece is the highest at 101.8 and Estonia the lowest at 96.7; the median is 99.7. Each row carries its own period and source, because these providers publish on different calendars - two rows in this table can be more than a year apart.

Business confidence by country, ranked

#EconomyBusiness confidenceBandPeriodSource
1Greece101.8Well above average2026-08OECD
2Israel101.7Well above average2026-07OECD
3Latvia101.4Above average2026-08OECD
4Japan101.4Above average2026-06OECD
5Netherlands101.1Above average2026-08OECD
6Spain101.0Above average2026-08OECD
7Costa Rica101.0Above average2026-08OECD
8Sweden101.0Above average2026-08OECD
9Finland100.7Above average2026-08OECD
10Colombia100.6Above average2026-07OECD
11France100.6Above average2026-08OECD
12Switzerland100.6Above average2026-08OECD
13Lithuania100.4Above average2026-08OECD
14United States100.4Above average2026-08OECD
15Luxembourg100.3Above average2026-08OECD
16Italy100.3Above average2026-08OECD
17New Zealand100.1Above average2026-06OECD
18Norway100.0Just below average2026-06OECD
19Slovenia99.7Just below average2026-08OECD
20Czechia99.7Just below average2026-08OECD
21Australia99.7Just below average2026-05OECD
22Turkey99.7Just below average2026-08OECD
23Poland99.6Just below average2026-08OECD
24South Korea99.6Just below average2026-08OECD
25Germany99.6Just below average2026-08OECD
26Brazil99.6Just below average2026-08OECD
27Canada99.6Just below average2026-04OECD
28South Africa99.5Just below average2026-09OECD
29Portugal99.5Just below average2026-08OECD
30Austria99.3Just below average2026-08OECD
31Ireland99.2Just below average2026-08OECD
32Hungary99.2Just below average2026-08OECD
33United Kingdom99.1Just below average2026-08OECD
34Indonesia99.0Below average2026-06OECD
35Chile98.9Below average2026-07OECD
36Belgium98.7Below average2026-08OECD
37Mexico98.4Below average2026-07OECD
38China98.4Below average2026-08OECD
39Denmark98.2Below average2026-08OECD
40Slovakia97.1Below average2026-08OECD
41Estonia96.7Well below average2026-04OECD

How the scale reads

BandWhat it meansEconomies
< 97Well below average - against this country's own long-run average, which is what 100 means1
97 to 99Below average7
99 to 100Just below average16
100 to 101.5Above average15
101.5+Well above average2

These are the same bands that shade the map on the Global Markets dashboard, so a country's colour there and its band here always agree.

What this measures

Business confidence for 41 economies, as the OECD's amplitude-adjusted index where 100 is that country's OWN long-run average - so the numbers are already comparable across countries without a second normalisation, and the whole cross-section packs into roughly 95 to 104. This is soft data: it moves before output does, which is the point of watching it, but it measures sentiment rather than activity.

Source: OECD composite leading indicators, monthly. Coverage differs from metric to metric because these providers cover different sets of economies, and a gap is left as a gap rather than filled from a proxy - an absent economy is one we hold no reading for, never a zero. See the data license.

Other metrics by country

Global markets dashboard · Every economy scored · Screen stocks by country