Georgia - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Georgia was 7.47 as of 2020. Its highest value over the past 14 years was 10.42 in 2017, while its lowest value was 2.34 in 2006.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 2.34
2007 2.95
2008 3.34
2009 2.99
2010 4.39
2011 5.54
2012 5.96
2013 7.09
2014 7.06
2015 7.42
2016 8.62
2017 10.42
2018 10.37
2019 9.35
2020 7.47

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2008 11.40
2013 10.90
2019 20.90

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2008 1.30
2013 1.10
2019 2.20

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2008 41.40
2013 27.10
2019 54.10

Time required to get electricity (days)

The value for Time required to get electricity (days) in Georgia was 71.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 96.00 in 2011 and a minimum value of 71.00 in 2012.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2009 96.00
2010 96.00
2011 96.00
2012 71.00
2013 71.00
2014 71.00
2015 71.00
2016 71.00
2017 71.00
2018 71.00
2019 71.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2002 81.44
2005 43.81

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2008 40.60
2013 26.50
2019 22.30

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2013 3.10
2019 10.60

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2008 17.80
2013 2.90
2019 11.50

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

See also:

Year Value
2002 82.50
2005 39.80
2008 8.40
2013 0.20
2019 1.00

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Georgia was 0.00 as of 2019. Its highest value over the past 14 years was 35.00 in 2005, while its lowest value was 0.00 in 2009.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 35.00
2006 22.60
2007 22.60
2008 22.60
2009 0.00
2010 0.00
2011 0.00
2012 0.00
2013 0.00
2014 0.00
2015 0.00
2016 0.00
2017 0.00
2018 0.00
2019 0.00

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Georgia was 2.10 as of 2019. Its highest value over the past 14 years was 12.30 in 2005, while its lowest value was 2.00 in 2006.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 12.30
2006 2.00
2007 2.00
2008 2.00
2009 2.00
2010 2.00
2011 2.20
2012 2.20
2013 2.10
2014 2.10
2015 2.10
2016 2.10
2017 2.10
2018 2.10
2019 2.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Georgia was 7.80 as of 2019. Its highest value over the past 14 years was 14.30 in 2017, while its lowest value was 7.80 in 2018.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 9.80
2006 14.10
2007 14.10
2008 14.10
2009 13.30
2010 13.30
2011 14.30
2012 14.30
2013 14.30
2014 14.30
2015 14.30
2016 14.30
2017 14.30
2018 7.80
2019 7.80

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment