Enforcing contracts: Cost in Georgia

Georgia: Enforcing contracts: Cost was 25.0% in 2019. ▼ Falling

Latest (2019)
25.0%
Change on year
unchanged
World rank
115th
of 188 countries
All-time high
41.2%
in 2003
All-time low
25.0%
in 2009
Years of data
17
2003–2019

Enforcing contracts: Cost in Georgia, 2003–2019

0102030402003201120192003: 41.2 % of claim2004: 41.2 % of claim2005: 41.2 % of claim2006: 29.9 % of claim2007: 29.9 % of claim2008: 29.9 % of claim2009: 25 % of claim2010: 25 % of claim2011: 25 % of claim2012: 25 % of claim2013: 25 % of claim2014: 25 % of claim2015: 25 % of claim2016: 25 % of claim2017: 25 % of claim2018: 25 % of claim2019: 25 % of claim

Source: World Bank. Measured in % of claim.

Analysis

In 2019, enforcing contracts: cost in Georgia stood at 25.0%. That is the lowest value across all 17 years on record.

The figure is unchanged over ten years.

Over the whole period, enforcing contracts: cost in Georgia peaked at 41.2% in 2003 and was at its lowest, 25.0%, in 2009.

That places Georgia 115th out of 188 countries with data for 2019, putting it in the middle of the range.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 34.0% 25.0% 41.2% 7
2010s 25.0% 25.0% 25.0% 10

Countries ranked near Georgia

  1. 112 Chile 25.6% compare
  2. 113 Tajikistan 25.5% compare
  3. 114 Israel 25.3% compare
  4. 115 Bolivia 25.0% compare
  5. 115 Mauritius 25.0% compare
  6. 118 Turkey 24.9% compare

See the full ranking of 190 places →

More reference data data for Georgia

All data for Georgia →

Frequently asked questions

What is enforcing contracts: cost in Georgia?
Enforcing contracts: cost in Georgia was 25.0% in 2019, according to the World Bank.
What is the highest enforcing contracts: cost recorded in Georgia?
The highest recorded value was 41.2% in 2003.
What is the lowest enforcing contracts: cost recorded in Georgia?
The lowest recorded value was 25.0% in 2009.
How does Georgia rank for enforcing contracts: cost?
Georgia ranks 115th out of 188 countries with data for 2019.
Is enforcing contracts: cost rising or falling in Georgia?
Over the last ten years it is unchanged. The long-run trend across the full record is falling.
Where does this Georgia data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Enforcing contracts: Cost (% of claim)
Unit
% of claim
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.