Georgia’s ranking has been downgraded in the Global Competitiveness Index of 2019. Georgia came on the 74th place among 141 courtiers based on the report published by the World Economic Forum. Georgia ranked 66th place in the Global Competitiveness Index of 2018.
Singapore is in the first place in the rating followed by the U.S., Hong Kong, Netherlands and Switzerland. The last place goes to Chad.
Russia came in 43rd, while Turkey ranked 61st. As for the neighboring countries, Azerbaijan (58th place), Armenia (69th place).