Georgia among 10 top-rated countries in Economic Freedom Report
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Georgia is now one of the top 10 most economically free countries in the world, according to a new report by the Fraser Institute.
In the annual Economic Freedom of the World report Georgia was ranked eighth among the 159 countries and has the status of "mostly free” country.
Hong Kong and Singapore occupy the top two positions. The other nations in the top 10 are New Zealand, Switzerland, Ireland, the United Kingdom, Mauritius, Georgia, Australia, and Estonia.
These ratings are for 2015, the most recent year for which comprehensive data are available.
The annual Economic Freedom of the World report compared the level of economic freedom in 159 countries and territories based on size of government, taxation, rule of law, property rights, regulation, and other factors.
Georgia significantly improved its positions in three indicators:
- Size of government – improved with four positions
- Freedom of international trade – improved with two positions
- Regulations – improved with two positions
The report showed the 10 lowest-rated countries are: Iran, Chad, Myanmar, Syria, Libya, Argentina, Algeria, the Republic of the Congo, the Central African Republic, and, lastly, Venezuela.
Georgia is now one of the top five most economically free countries in the world, according to a new report by the Fraser Institute. Georgia ranked 11th in the last report but this year placed 5th.
Georgia has improved its place in the world in terms of economic freedom in the latest survey by the Fraser Institute.
The 2016 Index of Economic Freedom released by Washington-based Heritage Foundation says despite global and a regional challenges Georgia’s economy has demonstrated "considerable resilience”.
Georgia is steadily improving its place in terms of trade and economic freedom in the latest survey by the Heritage Foundation.
Georgia is improving its place in the world in terms of economic freedom in the latest survey by the Heritage Foundation.The Index of Economic Freedom survey ranked Georgia in 16th place among 186 countries after it gained 76.2 points. This year Georgia gained 0.2 more points than in 2017 and was ranked 9th among 44 European countries, and its overall score is above regional and world averages.
Ambassador Extraordinary and Plenipotentiary of Georgia to Indonesia, Irakli Asashvili has presented his credentials to the President of Singapore Halimah Yacob on July 26, the Ministry of Foreign Affairs of Georgia announced today.
Georgia takes 7th place among 82 countries in the index of Economic Freedom of the World, published by the Fraser Institute. The most recent data available for calculating the index in the 2018 edition of Economic Freedom of the World is from 2016. The index measures the degree to which the policies and institutions of countries are supportive of economic freedom.