Georgia takes 8th place in Economic Freedom of the World report

  • Georgia's trace score of 9.03 is the third highest in the world, says the report. Photo: Nino Alavidze/Agenda.ge.

Agenda.ge, 14 Sep 2020 - 17:40, Tbilisi,Georgia

Georgia takes eight place in the world in terms of the most economically free countries, behind only Hong Kong, Singapore, New Zealand, Switzerland, Australia, the United States, and Mauritius, says the latest edition of the Fraser Institute’s annual Economic Freedom of the World report for 2020. 

Georgia's trace score of 9.03 is the third highest in the world, says the report. 

Image: Fraser Institute.

As for Georgia's neighbouring countries Armenia takes 18th place, Azerbaijan - 112th, Turkey - 99th and Russia - 89th.

The Fraser Institute report measures the economic freedom – defined as the ability of individuals to make their own economic decisions – by analysing the policies and institutions of 162 countries and territories. 

Indicators include regulation, freedom to trade internationally, size of government, property rights, government spending and taxation. 

The 2020 report is based on data from 2018, the latest year of comparable statistics.

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