Georgia is the 74 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Georgia averaged 79.15 from 2007 until 2019, reaching an all time high of 93 in 2011 and a record low of 66 in 2016. source: World Economic Forum

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Georgia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
74.00 66.00 93.00 66.00 2007 - 2019 Yearly

Georgia Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.

Georgia Business Last Previous Highest Lowest Unit
Industrial Production 16.90 2.90 35.10 -5.00 percent [+]
Manufacturing Production 20.50 3.10 41.30 -4.30 percent [+]
Changes in Inventories 339.50 327.20 512.00 -261.70 GEL Million [+]
Leading Economic Index 6.40 5.70 8.40 -0.80 percent [+]
Internet Speed 8774.17 8242.93 8774.17 535.00 KBps [+]
IP Addresses 508938.00 489558.00 527752.00 40728.00 IP [+]
Mining Production 8.30 -3.50 119.80 -66.39 percent [+]
Competitiveness Index 60.61 60.88 60.88 3.75 Points [+]
Competitiveness Rank 74.00 66.00 93.00 66.00 [+]
Business Confidence 8.30 27.00 40.40 3.60 points [+]
Ease of Doing Business 7.00 6.00 24.00 6.00 [+]
Corruption Index 58.00 56.00 58.00 18.00 Points [+]
Corruption Rank 41.00 46.00 133.00 41.00 [+]