Georgia in the 2017 Doing Business Index
According to the Doing Business 2017 report, Georgia is ranked 16th among 190 nations. In the previous year’s report (2016), Georgia held the 24th position among 189 countries. Georgia has improved its positions in many categories, particularly in terms of institutional structure and regulatory environment. However, major weaknesses remain, such as lack of support for research and education by the government and the private sector, and limited use of innovation in business.