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Georgia in International Ratings

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Georgia in International Ratings The Ministry of Economy and Sustainable Development of Georgia GEORGIA IN 12 INTERNATIONAL 20 19 RATINGS Publication is based on the rankings and repots of International Organizations and Institutions: o World Bank - „Doing Business o World Economic Forum - „Global Competitiveness Index“ o Fraser Institute - „Economic Freedom of the World“ o Heritage Foundation - „Index of Economic Freedom“ o World Bank - „Worldwide Governance Indicators“ o International Budge Partnership - „Open Budget Index“ o Transparency International - „Corruption Perception Index“ o World Justice Project - „Open Government Index“ o World Justice Project - „Rule of Law Index“ o Berterlsmann Stiftung - „Bertelsmann Transformation Index“ o The Business School for the World - „Global Innovation Index“ o United Nations - „E-government Development Survey“ o Reporters without Borders - „The World Press Freedom Index“ Contents INTRODUCTION ................................................................................................. 4 EFFICIENT AND TRANSPARENT GOVERNMENT .................................................... 7 PROPERTY RIGHTS ......................................................................................... 13 DOING BUSINESS .......................................................................................... 15 ECONOMIC ENVIRONMENT............................................................................. 19 FREEDOM FROM CORRUPTION ........................................................................ 21 MARKET EFFICIENCY ..................................................................................... 24 RULE OF LAW ................................................................................................. 26 LAW ENFORCEMENT ....................................................................................... 28 INNOVATION ................................................................................................... 29 MEDIA FREEDOM ............................................................................................ 31 INTRODUCTION In 2012-2019 the Government of Georgia has implemented systematic reforms. Georgia has achieved significant improvements in the field of human rights, government transparency, freedom from corruption, effective governance, market efficiency and favorable business environment. Successful and effective implementation of the structural reforms caused remarkable improvement of Georgia’s position in various international rankings. As a result, in 2012-2019, Georgia gained remarkable achievements in international rankings and takes the leading position amongst the countries of the world and regions. World Bank „Doing Business“ According to “Doing Business” by World Bank, in 2019 Georgia achieved remarkable achievement in its history and is ranked 6th position amongst 190 countries with the score of 83.28. Fraser Institute „Economic Freedom of the World“ According to “Economic Freedom of the World 2018” by Fraser Institute, Georgia takes 7th position with the score of 8.02 amongst 162 countries. Transparency Internatonal „Corruption Perception Index” According to “The Corruption perception Index 2019” by Transparency International, Georgia achieved its best result in the ranking and rakes 41st position amongst 180 economies. The ranking score of Georgia amounted to 58. Georgia is on the first position amongst the 19 countries of the Eastern Europe and Central Asia (EECA). Heritage Foundation „Index of Economic Freedom“ According to “Index of Economic Freedom 2019” by Heritage Foundation, Georgia takes 16th position amongst 180 countries with the score of 75.9 and remains in the Mostly Free Group. In 2019, Georgia is ranked 8th position out of 44 countries in the Europe Region amongst 44 countries. World Economic Forum „Global Competitiveness Index“ According to “The Global Competitiveness Index 2018” by World Economic Forum, Georgia is ranked 66th position with the score of 60.9 amongst 140 countries. World Justice Project „Rule of Law Index“ According to “Rule of Law Index 2019” by World Justice Project, Georgia takes 41st position with the score of 0.61. International Budget Partnership “Open Budget index” According to “Open Budget Index” by International Budget Partnership, Georgia is ranked 5th position with the score of 82 among 102 countries. Bertelsmann Stiftung „Bertelsmann Transformation Index“ According to “Bertelsmann Transformation Index 2018”, Georgia takes 42nd position among 129 countries. European Chamber „Best European Countries for business 2019“ According to “Best European Countries for business 2019” by European Chamber, Georgia takes 16th position amongst 46 European countries with the score of 71 score. World Economic Forum „Inclusive Development Index“ According to “Inclusive Development Index” by World Economic Forum in 2018 Georgia is ranked 32th position with the score of 3.99 among developing 74 countries. World Bank „Human Capital Index“ According to “Human Capital Index 2018” by World Bank, Georgia takes 60th position among 157 countries with the score of 0.61. World justice project „Open Governmetn Index“ According to the World Justice Project “Open Government Index 2015”, Georgia takes 29th position amongst 102 countries with the score of 0.61 and the 1st position in Eastern Europe and Central Asia Region. Reporters without Borders “the World Press Freedom Index” In “the World Press Freedom Index” 2019 by Reporters without Borders, Georgia is ranked 60th position among 180 countries. Doing Business Index of Economic Freedom Economic Freedom of the World Corruption Perception Index Global Competitiveness Index Rule of Law Open Budget Index Inclusive Development Index Global Innovation Index Bertelsmann Transformation Index EFFICIENT AND TRANSPARENT GOVERNMENT Positive Evaluation of efficiency and transparency of Georgian Government by the international ranking institutions is of outmost importance, which is evidenced in the improved positions of Georgia in the global rankings in the following fields, such as government size and effectiveness, budget transparency, efficiency of legal framework and etc. o “Global Competitiveness Index” 2018 by World Economic Forum positively assesses Budget Transparency in Georgia. In 2018 Georgia is ranked 27th place with the score of 73.1; o According to “Global Competitiveness Index”, in the component Efficiency of Legal Framework in Challenging Regulations Georgia’s position has improved by 55 positions in the last 6 years and now Georgia is on 51st place; o Based on the assessment of “Global Competitiveness Index”, in 2018 Georgia takes 11th place in the component of Conflict of Interest Regulation with the score of 80. It should be mentioned that the ranking is based on the survey among the citizens and representatives from the business sector and not from the government institutions. http://reports.weforum.org/global-competitiveness-report-2018/ o The report of 2018 on Economic Freedom of the World by Fraser Institute gives the positive evaluation of the Government Enterprises and Investment and ranks Georgia with the 31st position in 2018, which are 64 positions higher compared to 2012; o In the component Government Size by Economic Freedom of the World Georgia improved its position by 9 positions and takes 35th place; o According to Economic freedom of the world 2018 ranking by Fraser institute in the Regulation category, compared to 2012, Georgia improved its positions by 12 positions and advanced from 20th place to 8th. http://www.freetheworld.com/ o According to “Worldwide Governance Indicators” 2018 of the World Bank Group, compared to 2012 in the component of Regulatory Quality Georgia’s positions have improved by 16 positions to advance the country from 55th place to 39th; o According to “Worldwide Governance Indicators” 2018 by World Bank Group, compared to 2012, in the component of Government Effectiveness Georgia advanced from 64th place to 59th. Each indicator of the ranking is based on the data collected from citizens, entrepreneurs, representatives of public and private sectors, non•governmental organizations as well as on the views and opinions of the experts of the field. http://info.worldbank.org/governance/wgi Existing institutional system in Georgia is positively evaluated according to “Global Innovation Index” 2018 by the Business School for the World (INSEAD). Compared to 2012, in 2018 in the indicator of Institutions Georgia improved its positions by 12 positions and takes 39th place amongst 126 countries. Georgia has improved its positions in the following components of the indicator of Institutions: o According to “Global Innovation Index” in the Government Effectiveness category Georgia advanced from 52nd place in 2012 to 43th in 2018 (up by 9 positions); o In Regulatory Quality component Georgia is up by 13 positions to advance from 45th place to 32nd in 2018. “Global Innovation Index” assessment is based on the reports of the world leading ranking companies, on the data and quantitative indicators of international organizations. Part of the country’s evaluation is based on annual Executive opinion Survey by the experts of the organization. https://www.globalinnovationindex.org o According to the “Open Budget Index” by International Budget Partnership, compared to 2012, Georgia improved its position by 28 places and in 2017 Georgia is ranked 5th with the score of 82 among 102 countries. In 2012, Georgia was on the 33rd position with the score of 55. http://www.intemationalbudget.org/opening-budgets/
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