Georgia ranks 53rd of 167 in Prosperity Index by London-based think-tank
Georgia has been ranked 53rd out of 167 countries on the 2023 Prosperity Index by the Legatum Institute. Photo: Nino Alavidze/Agenda.ge
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Georgia has been ranked 53rd out of 167 countries on the 2023 Prosperity Index by the Legatum Institute, a London-based think-tank, with the cumulative ranking reflecting assessments of the country’s performance in a range of areas.
The Index assesses political, social, economic and environmental standings of the countries, the Georgian Ministry of Finance said on Wednesday while sharing the list.
The breakdown of Georgia’s sectoral rankings showed the country being listed in the following positions:
- Safety and security - 82nd
- Personal freedom - 59th
- Governance - 53rd
- Social capital -104th
- Investment environment - 47th
- Enterprise conditions - 58th
- Market access and infrastructure - 55th
- Economic quality - 78th
- Living conditions - 78th
- Health - 90th
- Education - 49th
- Natural environment - 128th
Georgia finds itself listed behind Serbia and ahead of China in the ranking. The Georgian state body also said the country had moved up the rankings by 11 places between 2013-2023.
The Index has ranked Denmark as the most prosperous country, followed by Sweden and Norway.
Georgia’s Deputy Finance Minister Mikheil Dundua on Tuesday highlighted the country’s selection in the 41st spot among 180 countries and territories in the Transparency International’s Corruption Perceptions Index report for 2022.
Georgian Prime Minister Irakli Garibashvili on Tuesday cited the country’s ranking at the top in International Budget Partnership’s 2021 Open Budget Survey, in comments highlighting his Government’s “openness and transparent work”.
Georgia has been ranked first among 59 countries for the "continuous improvement" of performance in Public Expenditure and Financial Accountability Assessment, an index compiled by the World Bank, the Ministry of Finance of Georgia announced on Wednesday.
Georgian Prime Minister Irakli Garibashvili on Monday said his country had ranked ahead of 11 European Union and 13 NATO member states in the recently published World Bank’s Control of Corruption Index.