Georgia: Property rights

* indicates monthly or quarterly data series

Property rights index (0-100)

 Latest value 54
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 42
 Min - Max 30 - 69
 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 42 points with a minimum of 30 points in 1996 and a maximum of 69 points in 2020. The latest value from 2023 is 54 points. For comparison, the world average in 2023 based on 180 countries is 54 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 - Property rights - recent values

Historical chart
Georgia - Property rights - historical chart - 1996-2023

The property rights index for Georgia from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in Georgia as well as the extent of corruption in the judiciary and the enforcement of contracts.
Definition: The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.

 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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