KPI |
2023 - Georgia |
Weight |
Best |
Worst |
Aspirational value |
Current Value |
Institutional environment
Rank 51 / Score 52.4 |
Operational stability for businesses |
Initial Value: 0.5
|
4.00 |
0.40 |
Worst: Lebanon 4.00 Best: Singapore 0.40
50% |
2.2Value: 2.2
|
Government effectiveness |
Initial Value: 1
|
2.29 |
-1.33 |
Worst: Burundi -1.33 Best: Singapore 2.29
54.81% |
0.65Value: 0.65421146
|
Regulatory environment
Rank 30 / Score 77.98 |
Regulatory quality |
Initial Value: 0.5
|
2.23 |
-1.62 |
Worst: Iran, Islamic Rep. -1.62 Best: Singapore 2.23
69.62% |
1.06Value: 1.0605414
|
Rule of law |
Initial Value: 0.5
|
2.06 |
-1.36 |
Worst: Nicaragua -1.36 Best: Finland 2.06
44.77% |
0.17Value: 0.17099516
|
Cost of redundancy dismissal |
Initial Value: 1
|
58.50 |
8.00 |
Worst: Sri Lanka 58.50 Best: Austria 8.00
98.77% |
8.62Value: 8.619047
|
Business Environment
Rank 4 / Score 81.46 |
Policies for doing business |
Initial Value: 1
|
6.42 |
1.67 |
Worst: Argentina 1.67 Best: Switzerland 6.42
70.43% |
5.02Value: 5.0153129078
|
Entrepreneurship policies and culture |
Initial Value: 1
|
6.72 |
3.22 |
Worst: Mozambique 3.22 Best: United Arab Emirates 6.72
92.41% |
6.45Value: 6.4545238095
|
Education
Rank 64 / Score 51.7 |
Expenditure on education |
Initial Value: 1
|
9.52 |
1.67 |
Worst: Cambodia 1.67 Best: Namibia 9.52
25.06% |
3.64Value: 3.6375899315
|
Government funding per secondary student |
Initial Value: 1
|
51.06 |
5.41 |
Worst: Guatemala 5.41 Best: Tunisia 51.06
|
N/AValue: N/A
|
School life expectancy |
Initial Value: 1
|
21.05 |
6.41 |
Worst: Niger 6.41 Best: Australia 21.05
65.02% |
15.93Value: 15.929129601
|
PISA scales in reading, math and science |
Initial Value: 0.5
|
579.03 |
334.12 |
Worst: Dominican Republic 334.12 Best: China 579.03
21.46% |
386.67Value: 386.66750075
|
Pupil-teacher ratio, secondary |
Initial Value: 0.5
|
45.18 |
6.11 |
Worst: Mozambique 45.18 Best: Croatia 6.11
95.26% |
7.96Value: 7.9621553017
|
Tertiary Education
Rank 55 / Score 33.78 |
Tertiary enrolment |
Initial Value: 1
|
150.88 |
4.37 |
Worst: Niger 4.37 Best: Greece 150.88
46.53% |
72.54Value: 72.537261963
|
Graduates in Science and engineering |
Initial Value: 1
|
43.53 |
8.92 |
Worst: Namibia 8.92 Best: Malaysia 43.53
30.8% |
19.58Value: 19.578720093
|
Tertiary inbound mobility |
Initial Value: 0.5
|
70.27 |
0.10 |
Worst: Indonesia 0.10 Best: United Arab Emirates 70.27
12.77% |
9.06Value: 9.0617704391
|
Research and Development
Rank 75 / Score 5.27 |
Researchers FTE |
Initial Value: 1
|
9640.25 |
13.92 |
Worst: Guatemala 13.92 Best: Sweden 9640.25
16.72% |
1623.68Value: 1623.67627
|
Gross expenditure on R&D (GERD) |
Initial Value: 1
|
5.56 |
0.01 |
Worst: Mauritania 0.01 Best: Israel 5.56
4.36% |
0.25Value: 0.25174
|
Global RnD companies, average expenditure, top 3 |
Initial Value: 1
|
28099.99 |
0.00 |
Worst: Albania 0.00 Best: United States 28099.99
0% |
0Value: 0
|
QS university ranking average score of top 3 universities |
Initial Value: 1
|
98.70 |
0.00 |
Worst: Albania 0.00 Best: United States 98.70
0% |
0Value: 0
|
ICTs
Rank 67 / Score 69.83 |
ICT access |
Initial Value: 1
|
9.98 |
3.39 |
Worst: Niger 3.39 Best: Singapore 9.98
89.39% |
9.28Value: 9.2807510349
|
ICT use |
Initial Value: 1
|
8.89 |
0.48 |
Worst: Burundi 0.48 Best: Switzerland 8.89
80.57% |
7.26Value: 7.2562677942
|
Government online service |
Initial Value: 1
|
1.00 |
0.10 |
Worst: Mauritania 0.10 Best: Estonia 1.00
56.79% |
0.61Value: 0.6111
|
online e-participation |
Initial Value: 1
|
1.00 |
0.02 |
Worst: Mauritania 0.02 Best: Japan 1.00
52.46% |
0.53Value: 0.5341
|
General Infrastructure
Rank 94 / Score 19.19 |
Electricity output |
Initial Value: 0.5
|
52600.54 |
26.44 |
Worst: Niger 26.44 Best: Iceland 52600.54
6.44% |
3410.62Value: 3410.6228094
|
Logistics performance |
Initial Value: 0.5
|
4.30 |
2.10 |
Worst: Angola 2.10 Best: Singapore 4.30
27.27% |
2.7Value: 2.7
|
Gross capital formation |
Initial Value: 1
|
73.06 |
11.85 |
Worst: Egypt 11.85 Best: Mozambique 73.06
13% |
19.81Value: 19.806
|
Ecological sustainability
Rank 81 / Score 19.72 |
GDP per unit of energy use |
Initial Value: 1
|
36.34 |
2.16 |
Worst: Trinidad and Tobago 2.16 Best: Ireland 36.34
23.19% |
10.09Value: 10.085
|
Environmental performance |
Initial Value: 1
|
77.90 |
18.90 |
Worst: India 18.90 Best: Denmark 77.90
34.24% |
39.1Value: 39.1
|
ISO 14001 environmental certificates |
Initial Value: 1
|
12.73 |
0.06 |
Worst: Ethiopia 0.06 Best: Bulgaria 12.73
1.78% |
0.29Value: 0.28555111365
|
Credit
Rank 46 / Score 36.66 |
Finance for startups and scaleups |
Initial Value: 1
|
6.90 |
2.23 |
Worst: Mozambique 2.23 Best: Finland 6.90
53.6% |
4.73Value: 4.7333333333
|
Domestic credit to private sector |
Initial Value: 1
|
258.91 |
5.42 |
Worst: Zimbabwe 5.42 Best: Hong Kong SAR 258.91
29.37% |
79.88Value: 79.876175873
|
Loans from microfinance institutions, % GDP |
Initial Value: 1
|
28.71 |
0.00 |
Worst: Iceland 0.00 Best: Cambodia 28.71
8.04% |
2.31Value: 2.3093548804
|
Investment
Rank 106 / Score 1.23 |
Venture capital received, value, % GDP |
Initial Value: 1
|
0.02 |
0.00 |
Worst: Burkina Faso 0.00 Best: Estonia 0.02
0% |
n/aValue: n/a
|
Market capitalization |
Initial Value: 1
|
1394.19 |
0.23 |
Worst: Algeria 0.23 Best: Hong Kong SAR 1394.19
|
N/AValue: N/A
|
Venture capital investors, deals |
Initial Value: 1
|
2.20 |
0.00 |
Worst: Kazakhstan 0.00 Best: Mauritius 2.20
0.98% |
0.02Value: 0.02152280972
|
Venture capital recipients, deals |
Initial Value: 1
|
0.90 |
0.00 |
Worst: Algeria 0.00 Best: Singapore 0.90
0% |
N/AValue: N/A
|
Trade, competition, and market scale
Rank 63 / Score 58.91 |
Applied tariff rate, weighted average |
Initial Value: 0.5
|
15.46 |
0.00 |
Worst: Cameroon 15.46 Best: Hong Kong SAR 0.00
98.64% |
0.21Value: 0.21
|
Domestic industry diversification |
Initial Value: 1
|
0.80 |
0.08 |
Worst: Burundi 0.80 Best: Portugal 0.08
76.66% |
0.25Value: 0.248032304
|
Domestic market scale |
Initial Value: 1
|
30074.38 |
4.82 |
Worst: Cape Verde 4.82 Best: China 30074.38
0.23% |
73.58Value: 73.579
|
Knowledge workers
Rank 63 / Score 33.3 |
Knowledge-intensive employment |
Initial Value: 1
|
64.13 |
2.75 |
Worst: Burundi 2.75 Best: Luxembourg 64.13
35.78% |
24.71Value: 24.711099008
|
Firms offering formal training |
Initial Value: 1
|
73.70 |
7.70 |
Worst: Indonesia 7.70 Best: Ecuador 73.70
36.82% |
32Value: 32
|
GERD performed by business enterprise |
Initial Value: 1
|
5.06 |
0.00 |
Worst: Panama 0.00 Best: Israel 5.06
0% |
n/aValue: n/a
|
GERD financed by business enterprise |
Initial Value: 1
|
80.84 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Thailand 80.84
2.11% |
1.71Value: 1.70507
|
Females employed with advanced degrees |
Initial Value: 0.5
|
30.79 |
0.15 |
Worst: Tanzania 0.15 Best: Lithuania 30.79
58.51% |
18.08Value: 18.078400696
|
Innovation linkage
Rank 58 / Score 24.1 |
University/industry research collaboration |
Initial Value: 0.5
|
5.63 |
2.25 |
Worst: Angola 2.25 Best: Israel 5.63
56.51% |
4.16Value: 4.1598969645
|
State of cluster development |
Initial Value: 1
|
5.56 |
2.72 |
Worst: Burkina Faso 2.72 Best: United States 5.56
52.86% |
4.22Value: 4.2211966241
|
GERD financed by abroad |
Initial Value: 1
|
2.86 |
0.00 |
Worst: Azerbaijan 0.00 Best: Israel 2.86
1.01% |
0.03Value: 0.028876621659
|
Joint venture/strategic alliance deals |
Initial Value: 1
|
0.34 |
0.00 |
Worst: Iran, Islamic Rep. 0.00 Best: Malta 0.34
5.14% |
0.02Value: 0.017468091867
|
Patent families filed in two offices |
Initial Value: 1
|
12.97 |
0.00 |
Worst: Angola 0.00 Best: Japan 12.97
0.13% |
0.02Value: 0.01720696538
|
Knowledge absorption
Rank 78 / Score 30.69 |
Intellectual property payments |
Initial Value: 1
|
20.42 |
0.00 |
Worst: Armenia 0.00 Best: Ireland 20.42
2.92% |
0.6Value: 0.59573512782
|
High tech imports |
Initial Value: 1
|
59.14 |
1.69 |
Worst: Luxembourg 1.69 Best: Hong Kong SAR 59.14
10.02% |
7.45Value: 7.4466007815
|
ICT services imports |
Initial Value: 0.5
|
13.89 |
0.02 |
Worst: Paraguay 0.02 Best: Cyprus 13.89
7.08% |
1Value: 1.0020356834
|
Foreign direct investment net inflows |
Initial Value: 0.5
|
60.98 |
-13.20 |
Worst: Netherlands -13.20 Best: Hungary 60.98
25.97% |
6.07Value: 6.0665186012
|
Research talent in business enterprise |
Initial Value: 1
|
82.94 |
0.30 |
Worst: Mozambique 0.30 Best: Korea, Rep. 82.94
|
n/aValue: n/a
|
knowledge creation
Rank 62 / Score 16.24 |
Patent applications by origin |
Initial Value: 1
|
73.99 |
0.00 |
Worst: Honduras 0.00 Best: Korea, Rep. 73.99
1.93% |
1.43Value: 1.4277555682
|
PCT applications by origin |
Initial Value: 0.5
|
8.24 |
0.00 |
Worst: Angola 0.00 Best: Japan 8.24
1.32% |
0.11Value: 0.10872667473
|
Utility models by origin |
Initial Value: 1
|
104.56 |
0.00 |
Worst: Benin 0.00 Best: China 104.56
0.96% |
1Value: 0.99942889777
|
Scientific and technical publications |
Initial Value: 1
|
50.79 |
0.58 |
Worst: Angola 0.58 Best: Iceland 50.79
21.99% |
11.62Value: 11.620163362
|
Citable documents H index |
Initial Value: 1
|
2898.00 |
43.00 |
Worst: Cape Verde 43.00 Best: United States 2898.00
6.8% |
237Value: 237
|
Knowledge Impact
Rank 59 / Score 28.75 |
Labor productivity growth |
Initial Value: 1
|
6.02 |
-4.86 |
Worst: Lebanon -4.86 Best: China 6.02
97.67% |
5.77Value: 5.7664533444
|
Unicorn valuation |
Initial Value: 1
|
23.84 |
0.00 |
Worst: Albania 0.00 Best: Estonia 23.84
0% |
0Value: 0
|
Total computer software spending |
Initial Value: 1
|
1.05 |
0.01 |
Worst: Ethiopia 0.01 Best: United States 1.05
5.76% |
0.07Value: 0.069914119021
|
High-tech manufacturing |
Initial Value: 1
|
78.53 |
1.85 |
Worst: Kyrgyz Republic 1.85 Best: Singapore 78.53
11.21% |
10.44Value: 10.44338625
|
Knowledge diffusion
Rank 78 / Score 19.34 |
IP receipts |
Initial Value: 0.5
|
6.48 |
0.00 |
Worst: Armenia 0.00 Best: Netherlands 6.48
0.45% |
0.03Value: 0.028973636713
|
High Tech exports |
Initial Value: 1
|
44.66 |
0.01 |
Worst: Cape Verde 0.01 Best: Malaysia 44.66
2.28% |
1.03Value: 1.0284315537
|
ICT services export |
Initial Value: 1
|
35.21 |
0.01 |
Worst: Benin 0.01 Best: Ireland 35.21
6.41% |
2.26Value: 2.2648189193
|
ISO 9001 quality/bn PPP$ GDP |
Initial Value: 1
|
37.40 |
0.10 |
Worst: Tajikistan 0.10 Best: Bulgaria 37.40
9.39% |
3.6Value: 3.6011168221
|
Production and export complexity |
Initial Value: 0.5
|
2.27 |
-2.51 |
Worst: Angola -2.51 Best: Japan 2.27
50.91% |
-0.08Value: -0.076443
|
Intangible Assets
Rank 84 / Score 20.57 |
Intangible asset intensity, top 15, % |
Initial Value: 1
|
93.40 |
-181.36 |
Worst: Montenegro -181.36 Best: United States 93.40
66.01% |
n/aValue: n/a
|
Trademark application class count by origin |
Initial Value: 1
|
445.16 |
1.43 |
Worst: Niger 1.43 Best: Mongolia 445.16
9.95% |
45.59Value: 45.592994479
|
Industrial design by origin |
Initial Value: 0.5
|
32.41 |
0.00 |
Worst: Brunei Darussalam 0.00 Best: Mongolia 32.41
5.04% |
1.63Value: 1.6339869281
|
Global brand value, top 5,000 |
Initial Value: 1
|
27.56 |
0.00 |
Worst: Albania 0.00 Best: Hong Kong SAR 27.56
4.62% |
1.27Value: 1.2725720859
|
Creative Goods
Rank 73 / Score 8.41 |
Cultural and creative services exports |
Initial Value: 0.5
|
14.25 |
0.00 |
Worst: Benin 0.00 Best: Malta 14.25
1.71% |
0.24Value: 0.24360595991
|
National feature films produced |
Initial Value: 0.5
|
37.91 |
0.05 |
Worst: Pakistan 0.05 Best: Iceland 37.91
6.92% |
2.67Value: 2.6707154713
|
Entertainment and media market |
Initial Value: 0.5
|
3.50 |
0.02 |
Worst: Pakistan 0.02 Best: United States 3.50
|
n/aValue: n/a
|
Creative goods exports |
Initial Value: 1
|
12.71 |
0.00 |
Worst: Mauritania 0.00 Best: Hong Kong SAR 12.71
2.24% |
0.28Value: 0.28495578452
|
Online creativity
Rank 50 / Score 25.73 |
Generic TLD |
Initial Value: 1
|
423.69 |
0.05 |
Worst: Uzbekistan 0.05 Best: United States 423.69
1.35% |
5.79Value: 5.7893017235
|
Country code TLD |
Initial Value: 1
|
2701.89 |
0.03 |
Worst: Ethiopia 0.03 Best: Montenegro 2701.89
0.8% |
21.54Value: 21.539579536
|
GitHub commits/mn pop. 15–69 |
Initial Value: 1
|
18874723.79 |
2364.30 |
Worst: Niger 2364.30 Best: Hong Kong SAR 18874723.79
9.36% |
1768868.96Value: 1768868.962
|
Mobile apps creation |
Initial Value: 1
|
77113978.63 |
0.04 |
Worst: Madagascar 0.04 Best: Cyprus 77113978.63
0.15% |
112316.01Value: 112316.01044
|