Georgia takes 7th place among 82 countries in the index of Economic Freedom of the World, published by the Fraser Institute.
The most recent data available for calculating the index in the 2018 edition of Economic Freedom of the World is from 2016. The index measures the degree to which the policies and institutions of countries are supportive of economic freedom.
Hong Kong and Singapore, as usual, occupy the top two positions. The next highest scoring nations are New Zealand, Switzerland, Ireland, United States, Georgia, Mauritius, United Kingdom, Australia and Canada, the latter two tied for 10th spot”, read the report.
A snapshot of ratings of Georgia’s economic freedom in 2018:
- 2018 Economic Freedom rating: 8.02
- Size of government: 7.53
- Legal system and property rights: 6.31
- Sound money: 9.22
- Freedom to trade: 8.56
- Regulation: 8.49
