Georgia entered the top leaders of the Index of Economic Freedom

July 6 2020

Georgia ranked fifth in the Index of Economic Freedom in the world. Index published by the Fraser Institute of Canada.

Georgian Prime Minister Giorgi Kvirikashvili said that according to this index, the country is in fifth place after such countries as Hong Kong, Singapore, New Zealand and Switzerland. This is a huge leap forward, due to the development of such areas as the availability of finance, the legal system and the protection of property rights. "These figures will help attract investment to Georgia," Sputnik Georgia quotes him.

As an example for comparison, he cited the results of reports for previous years: in 2015, in the Index ranking: Georgia was in 23rd place, in 2014 it moved to 16th, in 2013 - to 21st, and in 2012 it ranked 53rd.

Note that the first places in the ranking in 2016 are occupied by Hong Kong, Singapore, New Zealand, Switzerland. In relation to Georgia's closest neighbors, Armenia is in 18th place, Turkey is in 90th place, Russia and Azerbaijan are in 102nd and 107th places respectively.