Georgia: Economic decline index

* indicates monthly or quarterly data series
 Georgia

Economic decline index, 0 (low) - 10 (high)

 Latest value 5.30
 Year 2023
 Measure index points
 Data availability 2007 - 2023
 Average 5.81
 Min - Max 5.30 - 6.50
 Source Fund for Peace
For that indicator, we provide data for Georgia from 2007 to 2023. The average value for Georgia during that period was 5.81 index points with a minimum of 5.3 index points in 2020 and a maximum of 6.5 index points in 2010. The latest value from 2023 is 5.3 index points. For comparison, the world average in 2023 based on 177 countries is 5.66 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Georgia - Economic decline index - Recent values chart

Historical chart
Georgia - Economic decline index - historical chart - 2007-2023




Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.


 Related indicators Latest value Reference Measure
 Fragile state index 71.90 2023 index points
 Security threats index 5.00 2023 index points
 Factionalized elites index 8.80 2023 index points
 Group grievance index 7.10 2023 index points
 Economic decline index 5.30 2023 index points
 Uneven economic development 4.40 2023 index points
 Human flight and brain drain 6.50 2023 index points
 State legitimacy index 8.00 2023 index points
 Public services index 3.80 2023 index points
 Human rights and rule of law index 4.90 2022 index points
 Demographic pressures index 4.70 2023 index points
 Refugees and displaced persons index 6.50 2023 index points
 External interventions index 6.50 2022 index points
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