Georgia: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 70
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 74
 Min - Max 55 - 91
 Source The Heritage Foundation
For that indicator, we provide data for Georgia from 1996 to 2023. The average value for Georgia during that period was 74 points with a minimum of 55 points in 1996 and a maximum of 91 points in 2013. The latest value from 2023 is 70 points. For comparison, the world average in 2023 based on 179 countries is 60 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 - Business freedom - recent values

Historical chart
Georgia - Business freedom - historical chart - 1996-2023

The Business Freedom index for Georgia from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Georgia in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

 Related indicators Latest value Reference Measure
 Property rights 54 2023 points
 Freedom from corruption 63 2023 points
 Fiscal freedom 43 2023 points
 Business freedom 70 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 72.00 2023 points
 Trade freedom 86 2023 points
 Investment freedom 80 2023 points
 Financial freedom 80 2023 points
 Economic freedom, overall index 69 2023 index points
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