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Resume: Doing Business is the World Bank’s research study which has been conducted since 2004 and aims to assess the business environment in World Bank member countries. Doing Business measures ten components which affect doing business. Georgia’s rankings[1] in the respective components are as follows: starting a business (2), dealing with construction permits (27), getting electricity (39), registering property (4), getting credit (12), protecting minority investors (2), paying taxes (16), trading across borders (43), enforcing contracts (8) and resolving insolvency (60).

In accordance with the Doing Business 2019 report which is based on a research study carried out from June 2017 to May 2018 and published on 31 October 2018, Georgia is ranked 6th from the world’s 190 countries. In 2017 Georgia’s ranking was 9th and in 2016 it was ranked 16th.

The top five countries in the Ease of Doing Business ranking are as follows: New Zealand, Singapore, Denmark, Hong Kong and the Republic of Korea (South Korea).

Analysis

As stated by the Minister of Economy and Sustainable Development of Georgia, Natia Turnava: “Of two hundred countries, Georgia is ranked sixth in terms of the ease of doing business and is ahead of many of its European peers.”

The Ease of Doing Business is the World Bank’s research study which has been conducted since 2004 and aims to assess the business environment in World Bank member countries. Doing Business assesses ten components which affect doing business. These components and Georgia’s respective rankings are given in Table 1.

Table 1: Ease of Doing Business Rank

DB 2019 Rank

DB 2019 Score

DB 2018 Score

Change of Score (%)

Overall

6

83.28

82.8

0.48

Starting a Business

2

99.34

97.84

1.50

Dealing with Construction Permits

27

77.61

77.57

0.04

Getting Electricity

39

84.38

84.32

0.06

Registering Property

4

92.86

92.85

0.01

Getting Credit

12

85

85

-

Protecting Minority Investors

2

81.67

81.67

-

Paying Taxes

16

89.03

87.14

1.89

Trading Across Borders

43

90.03

90.03

-

Enforcing Contracts

8

76.9

75.97

0.93

Resolving Insolvency

60

56.03

55.59

0.44

Source: World Bank

In accordance with the 2019 Doing Business report, Georgia is ranked 6th from the world’s 190 countries. In 2017 Georgia was ranked 9th and in 2016 it was ranked 16th.

The top five in the Ease of Doing Business ranking are as follows:

1. New Zealand

2. Singapore

3. Denmark

4. Hong Kong

5. Republic of Korea (South Korea)

Georgia’s rankings over the years can be found in Table 2.

Table 2: Georgia in the Ease of Doing Business Ranking, 2006-2019

Report Period

DB 2006

DB 2007

DB 2008

DB 2009

DB 2010

DB 2011

DB 2012

DB 2013

DB 2014

DB 2015

DB 2016

DB 2017

DB 2018

DB 2019

Calendar Year

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

Ranking Position

112

37

21

16

13

17

12

9

14

24

23

16

9

6

Source: World Bank, Ministry of Economy and Sustainable Development of Georgia



[1] Indicate Georgia’s positions in terms of certain components.


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