Georgia is in 37th place in the Wealth of Nations Index, developed by the Warsaw Enterprise Institute.
The Wealth of Nations Index measures the quality of public spending in addition to GDP. Countries belonging to the European Union and the OECD are taken into account. The places on the podium are occupied by Ireland, Switzerland and Norway, which this year managed to overtake the United States.
The index, developed for the Warsaw Enterprise Institute by economist Karol Zdybel, presents a broad understanding of the concept of development. On the one hand, attention is paid to the dynamics of private spending per capita, on the other to the quality of public spending in 8 categories (defense, security, infrastructure, higher education, health care, environment) and also screened through the level of freedom of assembly, a litmus test of democracy. The assessment of the quality of public spending is the result of a synthesis of the results of available component indices, such as the Legatum Prosperity Index, and the Global Peace Index.
This year, a total of 40 countries are included in the index.
