Georgia’s economic freedom score is 68.7, making its economy the 35th freest in the 2023 Index. Its score has declined over the past year. Georgia is ranked 21st out of 44 countries in the Europe region, and its overall score is well above the world and regional averages.

Georgia is considered a “moderately free” economy and performs quite well in some key policy areas. Notable reforms to enhance regulatory efficiency have been implemented, and open-market policies are maintained along with low tax rates. The economy has demonstrated a high level of resilience. Persistent institutional weaknesses require much more committed reforms.