Forbes: Georgia moves up 8 positions in Best Countries for Business rating

Georgia improved its rating by eight positions compared to the previous ranking. Photo: N. Alavidze/, 21 Dec 2018 - 16:50, Tbilisi,Georgia

Georgia has improved its rating in Forbes magazine’s ‘Best Countries for Business 2019’ ranking, where Georgia ranks 44th among 161 countries.

Georgia improved its rating by eight positions and is ahead of countries such as Qatar, Thailand, China, Croatia, Bulgaria, Mexico, Turkey, Uruguay, South Africa, Brazil and India.

In the ranking, Russia (55th place), Turkey (57th place), Kazakhstan (65th place), Azerbaijan (70th place), Ukraine (77th place) and Armenia (81st place) lag far behind Georgia.

Georgia’s ranking is as following:

  • Trade freedom – 4th in the world’s 161 countries
  • Monetary freedom – 70th place
  • Innovation – 83rd place
  • Technology – 45th place
  • Investor protection – 2nd place
  • Corruption – 43rd place
  • Personal freedom – 66th place
  • Tax burden – 16th place