2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Georgia_105页_1mb

Doing Business 2016: Georgia Summary

Core Content

Doing Business 2016 is an annual report by the World Bank that measures and tracks regulatory quality and efficiency across 189 economies. It evaluates regulations affecting 11 key areas in the life cycle of a business, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation. The report provides data and analysis to support policy reforms aimed at improving the business environment.

Key Indicators and Performance

Ease of Doing Business Ranking and DTF Score

• DB2016 Rank: 24
• DB2015 Rank: 24 (adjusted for data revisions and methodology changes)
• DTF Score (2016): 77.45
• DTF Score (2015): 76.84
• Change in DTF: +0.61

Starting a Business

• Rank (2016): 6
• DTF Score (2016): 97.76
• Procedures (2016): 2
• Time (days): 2
• Cost (% of income per capita): 3.1
• Paid-in Minimum Capital (% of income per capita): 0.0
• Best Performer: New Zealand (Rank 1, DTF Score 99.96)

Dealing with Construction Permits

• Rank (2016): 11
• DTF Score (2016): 82.77
• Procedures (2016): 7
• Time (days): 48
• Cost (% of warehouse value): 0.2
• Building Quality Control Index (0-15): 7.0
• Best Performer: Singapore (Rank 1, DTF Score 92.97)

Getting Electricity

• Rank (2016): 62
• DTF Score (2016): 76.15
• Procedures (2016): 4
• Time (days): 71
• Cost (% of income per capita): 461.8
• Reliability of Supply and Transparency of Tariff Index (0-8): 4.0
• Best Performer: Republic of Korea (Rank 1, DTF Score 99.88)

Registering Property

• Rank (2016): 3
• DTF Score (2016): 91.16
• Procedures (2016): 1
• Time (days): 1
• Cost (% of property value): 0.1
• Quality of Land Administration Index (0-30): 19.5
• Best Performer: New Zealand (Rank 1, DTF Score 94.46)

Getting Credit

• Rank (2016): 7
• DTF Score (2016): 85
• Strength of Legal Rights Index (0-12): 9.0
• Depth of Credit Information Index (0-8): 8.0
• Credit Bureau Coverage (% of adults): 74.5
• Best Performer: New Zealand (Rank 1, DTF Score 100)

Protecting Minority Investors

• Rank (2016): 20
• DTF Score (2016): 68.33
• Strength of Minority Investor Protection Index (0-10): 6.8
• Extent of Conflict of Interest Regulation Index (0-10): 7.7
• Extent of Shareholder Governance Index (0-10): 6.0
• Best Performer: Singapore (Rank 1, DTF Score 83.33)

Paying Taxes

• Rank (2016): 40
• DTF Score (2016): 82.76
• Payments (per year): 5
• Time (hours per year): 362.0
• Total Tax Rate (% of profit): 16.4
• Best Performer: United Arab Emirates (Rank 1, DTF Score 99.44)

Trading Across Borders

• Rank (2016): 78
• DTF Score (2016): 75.31
• Time to Export (Border Compliance, hours): 14
• Cost to Export (Border Compliance, USD): 383
• Time to Export (Documentary Compliance, hours): 48
• Cost to Export (Documentary Compliance, USD): 200
• Time to Import (Border Compliance, hours): 14
• Cost to Import (Border Compliance, USD): 396
• Time to Import (Documentary Compliance, hours): 24
• Cost to Import (Documentary Compliance, USD): 200
• Best Performer: Denmark (Rank 1, DTF Score 100)

Enforcing Contracts

• Rank (2016): 13
• DTF Score (2016): 75.06
• Time (days): 285
• Cost (% of claim): 29.9
• Quality of Judicial Processes Index (0-18): 13.0
• Best Performer: Singapore (Rank 1, DTF Score 84.91)

Resolving Insolvency

• Rank (2016): 101
• DTF Score (2016): 40.24
• Recovery Rate (cents on the dollar): 39.9
• Time (years): 2.0
• Cost (% of estate): 10.0
• Strength of Insolvency Framework Index (0-16): 6.0
• Best Performer: Finland (Rank 1, DTF Score 93.81)

Main Changes in Methodology

• Dealing with Construction Permits: Added an index for building regulation quality and implementation.
• Getting Electricity: Included a measure for electricity price and reliability index.
• Registering Property: Added an index for land administration quality.
• Enforcing Contracts: Added an index for the quality and efficiency of judicial processes.
• Trading Across Borders: Updated to reflect the economy's comparative advantage in exports and selected import partners based on trade value.
• Protecting Minority Investors: Expanded to include limited companies and refined the shareholder governance index.

Key Insights

• Georgia ranks 24th globally in ease of doing business and has a DTF score of 77.45, indicating it is relatively close to best practices.
• Starting a business is one of Georgia’s strongest areas, with a DTF score of 97.76 and only 2 procedures required.
• Registering property is another strong area, with 1 procedure and 1 day of time required.
• Getting credit and protecting minority investors are areas of moderate performance.
• Trading across borders is a challenge, with 78th rank and a DTF score of 75.31.
• Enforcing contracts and resolving insolvency are areas where Georgia lags, with 13th and 101st ranks respectively.
• The report highlights that while Georgia has improved in some areas, it still has room for reform, especially in trade and insolvency processes.

Useful Comparisons

The report provides data for comparator economies such as Armenia, Azerbaijan, Belarus, Bulgaria, Romania, and Turkey, allowing for benchmarking. For instance, Georgia's performance in registering property is much better than these countries, while trading across borders and resolving insolvency are relatively worse.

Conclusion

The Doing Business 2016 report offers a comprehensive overview of Georgia’s business environment, highlighting its strengths in starting a business and registering property, while identifying areas needing improvement such as trading across borders and resolving insolvency. The report is a valuable tool for policymakers to design regulatory reforms based on measurable data.