24 January 2021,   15:45
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Georgia’s overall score has increased by 1.2 points - Heritage Foundation’s research

Georgia’s economic freedom score is 77.1, making its economy the 12th freest in the 2020 Index of Economic freedom by the Heritage Foundation.

Georgia’s overall score has increased by 1.2 points with improvements on all indicators related to the rule of law. Georgia is ranked 6th among 45 countries in the Europe region, and its overall score is well above the regional and world averages.

The Georgian economy continues its spectacular, seven-year run up the ranks of the mostly free. GDP has also been expanding at a healthy rate for the past five years. Multi-year reforms to reduce corruption, cut regulation, and simplify taxes have led to upward movement in all aspects of economic freedom”, - reads the report.

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