Georgia’s position in Global Competitiveness Index of 2018 has improved with one point in comparison to its standing in 2017. Georgia ranked the 66th among 140 countries.
The World Economic Forum (WEF), which runs the annual Davos gathering of business and political leaders, said that the UK had been overtaken by Hong Kong and Japan on its annual ranking of the world’s 140 most competitive economies.
Georgia has a better standing in rating after Azerbaijan, Armenia, Ukraine, Moldova, Croatia, Albania and Montenegro. According to authors of the research, Georgia is the leader in Eurasia region with respect to transparency.
Top three places in Global Competitiveness Index of World Economic Forum go to US, Singapore and Germany.