The HDI was created to emphasize that people and their capabilities should be the ultimate criteria for assessing the development of a country, not economic growth alone. The HDI can also be used to question national policy choices, asking how two countries with the same level of GNI per capita can end up with different human development outcomes. These contrasts can stimulate debate about government policy priorities.

The Human Development Index (HDI) is a summary measure of achievements in key dimensions of human development: a long and healthy life, access to knowledge and a decent standard of living.

Current Data Referes to 2018 Year Source: http://hdr.undp.org/en/composite/HDI
Latest update: 30.07.2020
The index is based on 12 indicators, grouped in four broad categories. Each indicator is graded on a scale of 0 to 100. A country’s overall score is derived by averaging twelve economic indicators, with equal weight being given to each. According to the overall score, countries fall in the following categories:
• Free - (100-80)
• Mostly free - (79.9-70)
• Moderately free - (69.9-60)
• Mostly unfree - (59.9-50)
• Repressed - (49.9-40)

Source: http://www.heritage.org/index/country/georgia
Latest update: 30.07.2020
Global Competitiveness Index 4.0, the Report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of economic growth in the era of the Fourth Industrial Revolution. The Global Competitiveness Index 4.0 evaluates the factors that collectively determine the level of a country’s productivity—the most important driver of long-term improvements in living standards. The factors are organized into 12 pillars, and for presentation purposes they are grouped into four categories (Enabling environment, Human capital, Markets and Innovation ecosystem). (GCI)

Index Refers 2018

Source: The Global Competitiveness Report 2018.
Last Update: 01.03.2019
The Open Budget Survey uses 109 indicators to measure budget transparency. These indicators are used to assess whether the central government makes eight key budget documents available to the public in a timely manner and whether the data contained in these documents are comprehensive and useful. Each country is given a score out of 100 which determines its ranking on the Open Budget Index.

Source: http://www.internationalbudget.org/wp-content/uploads/OBS2015-CS-Georgia-English.pdf
Update year of the index: 2019
PEFA assessment measures the extent to which PFM systems, processes and institutions contribute to the achievement of desirable budget outcomes: aggregate fiscal discipline, strategic allocation of resources, and efficient service delivery.

The PEFA framework assesses and reports on the strengths and weaknesses of public financial management using 31 performance indicators (disaggregated into 94 dimensions) that are grouped into seven pillars of performance.
The performance of each indicator and dimension is measured against a four point ordinal scale from A to D. The highest score, A, is warranted if evidence clearly demonstrates that an internationally-recognized level of good performance is achieved. The D score indicates that performance is below the basic level.

Source: https://pefa.org/assessment/ge-sep13-pfmpr-public-en-0
Update yare of the index: 2013
The Worldwide Governance Indicators (WGI) project reports aggregate and individual governance indicators for over 200 countries and territories over the period 1996–2018, for six dimensions of governance: Voice and Accountability, Political Stability and Absence of Violence, Government Effectiveness, Regulatory Quality, Rule of Law and Control of Corruption. These aggregate indicators combine the views of a large number of enterprise, citizen and expert survey respondents in industrial and developing countries. They are based on over 30 individual data sources produced by a variety of survey institutes, think tanks, non-governmental organizations, international organizations, and private sector firms. For each country and according to dimensions of governance percentile rank is given, which indicates rank of a country among all countries in the world. 0 corresponds to lowest rank and 100 corresponds to highest rank.

Data source: The World Bank
Latest update: 11.10.2019

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