Georgia ranks 16th among 186 countries in the Heritage Foundation 2018 Index of Economic Freedom. The Heritage Foundation’s Economic Freedom index rates countries on ten economic freedom factors. The maximum possible score for each factor is 100. Georgia receive its highest score in fiscal health with 91.8 and trade freedom with 89.4%. After the 2003 “Rose Revolution,” several reforms by successive administrations have reduced petty corruption, cut regulation, simplified taxes, opened markets, and developed transport and energy infrastructure. Resulting in improvement in the state of country’s economy and its economic freedom growth.
