November 2023
Georgia Positioning Globally
According to “Doing Business 2020” by World Bank, Georgia takes 7th position amongst 190 countries.
According to the Democracy Report 2023 by “Varieties of Democracy" (V-DEM) Georgia ranks among the
top ten countries out of 179 in the world with 10 years of democratization progress.
According to the World Justice Project's 2023 Rule of Law Index, Georgia is ranked #1 in the Eastern Europe
and Central Asia region and 6
th
among upper-middle-income countries. The global ranking is 48
th
out of 142.
In terms of
Absence of Corruption
, Georgia ranks 33
rd
in the world.
Georgia is ahead of many EU and NATO countries according to the "Global Competitiveness Report" of the
World Economic Forum, published by the World Bank as part of the "Global Governance Indicators" project.
In terms of
Corruption Control,
Georgia ranks 20
th
in the world, 11
th
in Europe and 2
nd
among post-Soviet
countries; In terms of
“Rule of Law”
Georgia ranks 29
th
in the world, 14
th
in Europe and 3
rd
among post-
Soviet countries; while in terms of
Regulation Quality Indicators
, Georgia ranks 7
th
among economies and
9
th
among countries.
Georgia ranks 49th out of 192 countries in Government Effectiveness in Global Economy 2021, ahead of
such countries as Hungary, Croatia, Slovakia, Greece, Italy, Poland, Türkiye and others.
According to the International Budget Partnership’s (IBP) 2021 Open Budget Survey (OBS), Georgia scored
87 out of 100 in terms of
State Budget Transparency
. Georgia ranked first out of 120 countries in the global
ranking on this indicator.
The Corruption Perception Index of Transparency International 2022 ranks Georgia 41st out of 180 countries
in the world. It is noteworthy that Georgia is a leader in the region. For comparison, Georgia ranked 45th in
2021, and 51st in 2012.
In Global Risk Profile's Global Corruption Index 2023, Georgia ranks 43rd out of 196 countries in the world.
With "low level of corruption", Georgia ranks 1
st
in the Black Sea Region, Caucasus and Central Asia.
According to the report “Transparency in the Time of War” by the European Research Centre for Anti-
Corruption and State-Building, Georgia ranks 17th in the Transparency Index 2023, ahead of 15 EU member
states, four G7 member states, and others.
Georgia ranks 32nd out of 114 countries in Integrity Index 2021 of the European Research Centre for Anti-
corruption and State-Building (ERCAS) with a score of 7.39, holding the 1st position in Eastern Europe and
Central Asia, and 2
nd
among post-Soviet countries.
According to the Trace Bribery Risk Matrix 2022, Georgia ranks 33rd out of 194 countries and is ahead of
many EU and NATO countries, as well as all EU candidate states. Georgia ranks as a leader in subcategory -
“Low level of corruption within the government”.
Based on the Investment Policy Assessment (2020) Georgia for the first time was included in the
Organization for Economic Cooperation and Development (OECD) FDI Regulatory Restrictiveness Index,
and in this study Georgia was ranked 8th among more than 80 countries as one of the most open economies
in the world in terms of attracting investments.
According to the Fraser Institute’s Economic Freedom of the World 2023 report, Georgia ranks among the
top 25 countries with the freest economy. Georgia is ahead of countries such as Austria, Norway, Israel,
Spain, Belgium, France, Italy, Poland, Türkiye, Azerbaijan, UAE, China, and more. The global ranking stands
at 25th out of 165.
The Heritage Foundation Index of Economic Freedom 2023 ranks Georgia 21
st
in Europe, well ahead of EU
member states such as Slovenia, Poland, Malta, Belgium, Croatia, Spain, France, Italy, etc. The global ranking
is 35
th
out of 176. According to this index, in terms of
Government Integrity,
Georgia is in the top 40 countries
worldwide, ranking 37
th
.
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