NEWS

The article is based on the information of PMCG (Policy and Management Consulting Group). Positions in international rankings are an important indicator of how a country is performing with regard to its economic, social and political environment. In this bulletin, Georgia’s positions in international rankings and their dynamics will be reviewed based on recent data. Georgia was ranked 67th among 137 countries in the World Economic Forum’s Global Competitiveness Index in 2017, 9th among 190 countries in the Ease of Doing Business ranking in 2017, 68th among 127 countries..

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The Economist Intelligence Unit’s Democracy Index provides a snapshot of the state of democracy worldwide for 165 independent states and two territories. The Democracy Index is based on five categories: electoral process and pluralism; civil liberties; the functioning of government; political participation; and political culture. Based on its scores on a range of indicators within these categories, each country is then itself classified as one of four types of regime: “full democracy ”; “flawed democracy ”; “hybrid regime”; and “authoritarian regime”. In the 2017 Democracy Index the average...

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In January – December, 2017 the number of international arrivals in Georgia amounted to 7,554,936, showing an increase of 18.8% compared to the same period of previous year. Out of the total number of visits, 3,478,932 lasted longer than 24 hours (+ 27.9%). The majority of foreign travelers were Armenian (+14.8%), Azerbaijanian (+11.2%), Russian (+34.1%), Turkish (-0.8%)  and Iranian (+118.3%). A positive trend in arrivals was also observed among citizens of the European Union countries. A notable increase was registered of British +39.9%...

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Based on the data of September 1, 2017, there are 664,057 registered business entities in Georgia, out of which only 173,629 are active. The economic unit is active if it meets one of the following criterias: Turnover > 0 (VAT, income and other declarations), Number of Employees > 0 (VAT, income and other declarations), Salary or number of employees> 0 (Salary announcements), Has a profit or loss (profit declaration), Pays any tax except for property taxes, The table below shows the business entity destribution in Georgia by regions.

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The average monthly salary in Georgia was 940 GEL (about $379.34/€324.26*) in 2016, shows the latest data published by the National Statistics Office of Georgia (Geostat). Last year, Georgia’s top three highest-paying occupations were in the fields of financial intermediation (1,834.9 GEL), public administration (1,326.8 GEL) and construction 1,283.3 GEL. Last year the average monthly salary per other sectors was:...Meanwhile, men earned almost 386 GEL more than women each month, the figures show.

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In 2016, the number of active workers in Georgia was 1,998,325, out of which 1,763,265 were employed, and the number of unemployed was 235,060. 42.3% were employed by employers, 57.3% - self-employed (0.4% status is unclear). Unemployment rate was 11.8% in 2016. The employment structure according to the status is as follows:... Status data by sex is as follows (thousand people):... Data by regions is as follows (thousand people):...In 2016, 262,200 people worked in the state sector (14.9%) and 1,501,100 people (85.1%) were employed in the non-state sector.

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The table below shows the business entity destribution in Georgia by ownership type. Based on the data of September 1, 2017, there are 664,057 registered business entities in Georgia, out of which only 173,629 are active. The economic unit is active if it meets one of the following criterias: Turnover …

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Global Competitiveness Index of World Economic Forum defines the competition environment of 138 countries and the driving sources of their productivity and well-being. Index is prepared on the basis of 3 index (and 12 indicators) analysis. They are: Key factors: Institutions, infrastructure, macroeconomic environment, healthcase and primary education Efficiency enhancing …

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Internal visitors traveled several times in Georgia in January-March 2017 - the total number of visits in the first quarter of the year amounted to 3 million visits, which is 1% less than the same period of the previous year. Most of the domestic visits were made to see friends and relatives (55.2%), and small number of visits (12.7%) were done for treatment/recovery and shopping (12.2%), visits for rest, entertainment and recreation reached 4,6%. 27% of internal visits were made in the capital of Georgia in the first quarter of 2017, followed by Imereti (20%) and Adjara (11%). Mtskheta-Mtianeti (24%), Samtskhe-Javakheti (24%) and Tbilisi (15%) were the most frequently visited regions.

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