Georgia jumps 40 places in World Bank’s Logistic Performance Index
The Index shows Georgia rated with 2.7 points among 139 countries across the world. Photo: Nino Alavidze/Agenda.ge
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The World Bank’s assessment of Georgia’s logistics capabilities has jumped from 119th to 79th position in its latest Logistics Performance Index, marking an improvement of 40 spots in the report assessing countries’ ability to move goods across borders with speed and reliability.
Released on Monday, the Index shows Georgia rated with 2.7 points among 139 countries across the world.
The country’s scores in specific components of the index looked as follows:
- Efficiency of the clearance process (i.e., speed, simplicity and predictability of formalities) by border control agencies, including customs – 2.6
- Quality of trade and transport related infrastructure (e.g., ports, railroads, roads, information technology) – 2.3
- International shipments - 2.7
- Competence and quality of logistics services (e.g., transport operators, customs brokers) – 2.6
- Timeliness of shipments in reaching destination within the scheduled or expected delivery time – 3.1
- Tracking and tracing - 2.8
Georgia’s Ministry of Economy said the improvement in the Logistics Performance Index highlighted the country’s “strengthened transit and logistics role” in international trade and cargo transportation.
Singapore (with the score of 4.3), Finland (4.2), Denmark (4.1), Germany (4.1) and the Netherlands (4.1) were rated as having the best logistics performance in 2023.
As for Georgia's neighbouring countries, Turkey ranked 38th with 3.4, Armenia was 97th with 2.5 and Russia 88th with 2.6.
The long-anticipated construction of the Anaklia deep sea port on Georgia’s Black Sea coast will start this year, Prime Minister Irakli Garibashvili announced on Monday.
Georgian Economy Minister Levan Davitashvili on Tuesday said implementation of the Maritime Single Window, a system for digital exchange of information used by ports for arrival, stay and departure of ships, would make Georgia “even more attractive” as a logistics hub.
Georgian Prime Minister Irakli Garibashvili on Friday highlighted the importance of implementing joint projects with Azerbaijan at his meeting with President Ilham Aliyev in Baku.
Georgia’s logistics performance has improved, jumping 11 places from 130th to occupy the 119th position on the World Bank’s recently released Logistics Performance Index (LPI) 2018 report. The 2018 Logistics Performance Index scores countries on how efficiently they move goods across and within borders.
Ensuring better quality of internal audit in Georgia’s public sector and raising awareness on relevant practices in municipalities across the country are among the objectives of a new project of the Finance Ministry, revealed on Tuesday.
Georgian Infrastructure Minister Irakli Karseladze and Agriculture Minister Otar Shamugia on Thursday held meetings with the newly appointed World Bank Regional Director for the South Caucasus Rolande Pryce, discussing cooperation.
The National Bank of Georgia on Monday hosted internal auditors of 12 central banks of different countries as part of an international seminar for internal auditors to share its experience.
The World Bank on Wednesday said the Georgian economy had demonstrated “resilience” amid a rapidly changing external environment due to sound macroeconomic management, while the country faced challenges in creating high-quality jobs.
Georgian external trade turnover amounted to $17.78 billion in January-October, posting a 16.2 percent increase year-on-year, the Georgian National Statistics Office revealed on Monday.
Turkey with $2.46 billion, Russia with $2.04 billion and the United States with $1.66 billion were the top trading partners of Georgia in its total external trade turnover between January and October, the National Statistics office of Georgia said on Monday.
Irakli Kobakhidze, the head of the ruling Georgian Dream party, on Friday asserted the country had witnessed a “fundamental transformation” in terms of democracy and human rights since 2012, when the current administration assumed office.
Georgian Prime Minister Irakli Garibashvili on Tuesday said Georgia was in the top 10 of the world’s 180 countries with its decade of “democratisation progress” in comments at the annual Ambassadors’ Conference in Tbilisi.