2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Georgia_111页_1mb

Doing Business 2017: Georgia Summary

Core Content

The Doing Business 2017 report by the World Bank provides a comprehensive analysis of the regulatory environment for small to medium-sized businesses across 190 economies, including Georgia. The report evaluates 11 key areas of business regulation and highlights how these affect the ease of doing business. It also introduces a gender dimension in several indicators and expands the scope of the "paying taxes" indicator to include postfiling processes.

Main Topics and Indicators

The report includes the following main topics:

• 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
• Labor market regulation

Note: Labor market regulation is not included in the aggregate ease of doing business ranking but is presented in the economy profile.

Key Findings for Georgia

Overall Rankings and Performance

• DB2017 Rank: 16
• DB2016 Rank: 23 (adjusted for methodology changes)
• Change in Rank: Improved by 7 positions
• Distance to Frontier (DTF) Score (DB2017): 80.2
• DTF Score (DB2016): 77.72
• Change in DTF: Increased by 2.48 points

Starting a Business

• Rank (DB2017): 8
• DTF Score (DB2017): 96.13
• Procedures (Men): 3
• Time (Men): 3 days
• Cost (Men): 2.4% of income per capita
• Procedures (Women): 3
• Time (Women): 3 days
• Cost (Women): 2.4% of income per capita
• Best Performer: New Zealand (Rank 1, DTF 99.96)

Dealing with Construction Permits

• Rank (DB2017): 8
• DTF Score (DB2017): 82.84
• Procedures: 7
• Time: 48 days
• Cost (% of warehouse value): 0.2
• Building Quality Control Index: 7 (out of 15)
• Best Performer: New Zealand (Rank 1, DTF 87.40)

Getting Electricity

• Rank (DB2017): 39
• DTF Score (DB2017): 82.73
• Procedures: 4
• Time: 71 days
• Cost (% of income per capita): 354
• Reliability of Supply and Transparency of Tariff Index: 6 (out of 8)
• Best Performer: Republic of Korea (Rank 1, DTF 99.88)

Registering Property

• Rank (DB2017): 3
• DTF Score (DB2017): 92.85
• Procedures: 1
• Time: 1 day
• Cost (% of property value): 0.0
• Quality of Land Administration Index: 21.5 (out of 30)
• Best Performer: New Zealand (Rank 1, DTF 94.46)

Getting Credit

• Rank (DB2017): 7
• DTF Score (DB2017): 85.00
• Strength of Legal Rights Index: 9 (out of 12)
• Depth of Credit Information Index: 8 (out of 8)
• Credit Registry Coverage (% of adults): 0.0
• Credit Bureau Coverage (% of adults): 88.6
• Best Performer: New Zealand (Rank 1, DTF 100.00)

Protecting Minority Investors

• Rank (DB2017): 7
• DTF Score (DB2017): 76.67
• Strength of Minority Investor Protection Index: 7.7 (out of 10)
• Conflict of Interest Regulation Index: 7.7 (out of 10)
• Shareholder Governance Index: 7.7 (out of 10)
• Best Performer: New Zealand (Rank 1, DTF 83.33)

Paying Taxes

• Rank (DB2017): 22
• DTF Score (DB2017): 87.43
• Payments (per year): 5
• Time (hours per year): 270
• Total Tax Rate (% of profit): 16.4
• Postfiling Index: 87.2 (out of 100)
• Best Performer: United Arab Emirates (Rank 1, DTF 99.44)

Trading Across Borders

• Rank (DB2017): 54
• DTF Score (DB2017): 85.15
• Time to Export (Border Compliance): 14 hours
• Cost to Export (Border Compliance): $383
• Time to Export (Documentary Compliance): 2 hours
• Cost to Export (Documentary Compliance): $35
• Time to Import (Border Compliance): 15 hours
• Cost to Import (Border Compliance): $396
• Time to Import (Documentary Compliance): 2 hours
• Cost to Import (Documentary Compliance): $189
• Best Performer: 10 Economies (Rank 1, DTF 100.00)

Enforcing Contracts

• Rank (DB2017): 16
• DTF Score (DB2017): 73.21
• Time (days): 285
• Cost (% of claim): 29.9 cents on the dollar
• Quality of Judicial Processes Index: 12 (out of 18)
• Best Performer: Republic of Korea (Rank 1, DTF 84.15)

Resolving Insolvency

• Rank (DB2017): 106
• DTF Score (DB2017): 40.02
• Recovery Rate (cents on the dollar): 39.5
• Time (years): 2
• Cost (% of estate): 10.0
• Strength of Insolvency Framework Index: 6 (out of 16)
• Best Performer: Finland (Rank 1, DTF 93.89)

Methodology and Limitations

• The report uses data collected as of June 1, 2016, except for the "paying taxes" indicators, which cover January–December 2015.
• The methodology includes gender-specific procedures in certain areas.
• It introduces a new pilot indicator on selling to the government.
• The report does not include labor market regulation in the aggregate ranking or DTF score.
• It measures the ease of doing business through two main metrics: the distance to frontier score (absolute regulatory performance) and the ease of doing business ranking (relative performance across economies).
• The report does not cover all aspects of a business environment, such as proximity to large markets, infrastructure quality, or institutional strength, which are not directly studied.

Comparative Data

Georgia is compared with other economies in the region and globally, including Armenia, Azerbaijan, Belarus, Bulgaria, Romania, and Turkey, as well as the best performers like New Zealand, Republic of Korea, and Finland.

Conclusion

Georgia has shown improvement in several areas of the business environment, particularly in starting a business and registering property, which are among the top performers in the report. The introduction of gender-specific data and expanded methodology in the 2017 edition provides a more nuanced understanding of regulatory challenges. While the country's overall ranking has improved, there is still room for reform in areas such as trading across borders and resolving insolvency. The report emphasizes the importance of policy reforms to further enhance the business climate.