Georgia takes 8th place in world economic freedom ranking

The 2020 report is based on data from 2018, which is the latest year of comparable statistics. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 12 Sep 2020 - 11:11, Tbilisi,Georgia

Georgia has taken 8th place among 162 countries in the world in the economic freedom annual report published by the Fraser Institute. 

Considered as ‘most free’ Georgia has the following ranking in the five broad areas of economic freedom:  

  • Size of Government – 7.86
  • Legal System and Property Rights – 6.47
  • Sound Money – 9.30
  • Freedom to Trade Internationally – 9.02
  • Regulation – 8.27

"Where people are free to pursue their own opportunities and make their own choices, they lead more prosperous, happier and healthier lives,” Fraser Institute’s Fred McMahon said.