Electronic structure of bismuth telluride nanowires with the growth directions [110] and [015] is studied in the framework of the anisotropic effective mass method using the parabolic band approximation. The components of the electron and hole effective mass tensors for six valleys are calculated for both growth directions. For a square nanowire, in the temperature range from 77 K to 500 K, the dependence of the Seebeck coefficient S, the thermal κ and electrical conductivity σ as well as the figure of merit ZT on the nanowire thickness and on the excess hole concentration pex are investigated in the constant-relaxation-time approximation. The carrier confinement is shown to play essential role for nanowires with cross section less than 30 × 30 nm 2 . In contrast to the excess holes (impurities), the confinement decreases both the carrier concentration and the thermal conductivity but increases the maximum value of the Seebeck coefficient. The confinement effect is stronger for the direction [015] than for the direction [110] due to the carrier mass difference for these directions. In the restricted temperature range, the size quantum limit is valid when the p−type nanowire cross section is smaller than 8 × 10 nm 2 (6 × 7 nm 2 and 5 × 5 nm 2 ) at the excess hole concentration pex = 2 × 10 18 cm −3 (pex = 5 × 10 18 cm −3 and pex = 1 × 10 19 cm −3 correspondingly). The carrier confinement increases the maximum value of ZT and shifts it towards high temperatures. For the growth direction [110], the maximum value of the figure of merit for the p−type nanowire is equal to 1.4, 1.6, and 2.8, correspondingly, at temperatures 310 K, 390 K, and 480 K and the cross sections 30 × 30 nm 2 , 15 × 15 nm 2 , and 7 × 7 nm 2 (pex = 5 × 10 18 cm −3 ). At the room temperature, the figure of merit equals 1.2, 1.3, and 1.7, respectively.