Georgia improves ranking on World Happiness Report
This year Georgia came in 119th place in the World Happiness Report. Photo: Nino Alavidze/Agenda.ge.
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Georgia has risen in the rankings of the World Happiness Report published by the United Nations.
This year Georgia came in 119th place in the World Happiness Report, while last year Georgia ranked 128th among the world’s happiest countries.
The global ranking of happiness levels across 156 countries is measured by gross domestic product (GDP) per capita, social maintenance, average lifespan, freedom of people and corruption.
The top five happiest countries are Finland, Denmark, Norway, Iceland, and the Netherlands.
As for Georgia’s neighbours, Armenia ranked 116th, Azerbaijan – 90th, Russia – 68th and Turkey – 79th.
The last place in the report went to South Sudan.
Georgia has improved its position and now takes 16th place in the latest Best European Countries for Business 2019 report, published by the European Chamber (EuCham), a non-profit international organisation headquartered in Italy.
Georgia’s economic freedom score is 75.9, making its economy the 16th freest in the 2019 Index of Economic Freedom by the Heritage Foundation.
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.
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.
The Global Finance magazine named Georgia among the countries with the most dynamic investment attractiveness on the basis of economic stability, indicators of management quality and business regulations, announces Georgian Ministry of Economy.
Georgia is the leader among the countries of the Eastern Partnership in the small and medium enterprises policy index, announces the Ministry of Economy of Georgia.
Georgia has been put on the list of top 50 countries under the Global Innovations Index rankings in 2019. Georgia is ranked 48th, while it came in 59tg in 2018. Georgia’s Innovation and Technology Agency reports that ‘Georgia's high-tech import, export of information and communications services (ICT) and industrial designs’ has caused the progress.
The head of the National Bank of Georgia Koba Gvenetadze has been nominated among the best central bankers of 2019 for the second year in a row by the world’s leading monthly financial magazine Global Finance.
Georgia has moved one step forward on the rankings of countries based on the Economic Freedom of the World index published by the Fraser Institute.
Georgia has ranked higher in the most recent survey by the World Bank - Worldwide Governance Indicators (WGI) in terms of anti-corruption activities, government effectiveness and regulatory quality. Tsulukiani stated that in the ranking for regulatory quality, which estimates the reforms carried out by the government for the development of the private sector, Georgia received 83.17 per cent of 100 per cent.
The Georgian government has confirmed the 2019-2020 anti-corruption strategy and an action plan, the fifth of its kind and the first which have undergone assessment by the EU, Georgian Justice Minister Tea Tsulukiani said.
The twelfth edition of the Democracy Index has ranked Georgia 89th among 167 independent states and two territories, with the score of 5.42 of total 10. With the score, which was 5.50 in 2018 ranking, Georgia remains in the category of ‘hybrid regimes.’ Of the neighbouring countries Armenia ranked 86th, Azerbaijan – 146th, Turkey – 110th and Russia – 134th.
Georgia has ranked 91st of 165 countries in the Economist Intelligence Unit’s Democracy Index 2020.