Georgia in on 34th place in ranking of Economic Freedom Index in 179 countries
Index of Economic Freedom
In the ranking of Economic Freedom Index the index of Georgia was deteriorated in one step in 2012. In joint ranking of American Fund Heritage Foundation and The Wall Street Journal Georgia is on 34th place.
In this ranking countries are divided into 5 categories: free, mostly free, relatively free, limited free and mostly not free.
Georgia is in the group of relatively free countries.
The free countries in this Index are: Hong – Kong, Singapore, Australia, New Zealand and Switzerland. The last three places occupy Cuba, Zimbabwe and North Korea.
According to Economic Freedom Index Georgia is ahead of all neighbors: Russia is on 144th position, Azerbaijan - 91, Armenia – 39 and Turkey – 73th place.
American Fund Heritage Foundation and the Wall Street Journal studied the economic situation of 179 countries around the world.
Author: Tamar Tsintsqiladze
