Georgia - Bound rate, simple mean, all products

Bound rate, simple mean, all products (%) in Georgia was reported at 7.18 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



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Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.


Georgia | Private Sector

Distance to frontier score (0=lowest performance to 100=frontier)
82.04
Business extent of disclosure index (0=less disclosure to 10=more disclosure)
9
Ease of doing business index (1=most business-friendly regulations)
9
New business density (new registrations per 1;000 people ages 15-64)
8.37
New businesses registered
21262
Business entry rate (new registrations as % of total)
44.1 %
Total businesses registered
298205
Average time to clear exports through customs (days)
2.9 days
Cost to build a warehouse (% of income per capita)
0.2 %
Cost to enforce a contract (% of claim)
29.9 %
Power outages in firms in a typical month
1
Firing cost (weeks of wages)
40
Cost to export (US$ per container)
1355
Trade: Cost to export (US$ per container)
383
Trade: Cost to import (US$ per container)
396
Cost to export, border compliance (US$)
383
Cost to export, documentary compliance (US$)
35
Documents to export
4
Lead time to export (days)
9 days
Trade: Time to export (day)
14
Trade: Time to import (days)
15 days
Time to export, border compliance (hours)
14 hours
Time to export, documentary compliance (hours)
2 hours
Firms using banks to finance working capital (% of firms)
27.6 %
Bribery incidence (% of firms experiencing at least one bribe payment request)
2.2 %
Firms competing against unregistered firms (% of firms)
54.1 %
Percent of firms expected to give gifts in meetings with tax officials
0.2 %
Percent of firms expected to give gifts to get an operating license
3.5 %
Percent of firms identifying corruption as a major constraint
2.9 %
Percent of firms expected to give gifts to secure government contract
1.1 %
Value of gift expected to secure a government contract (% of contract value)
0.2 %
Percent of firms expected to give gifts to public officials "to get things done"
1.9 %
Percent of firms expected to give gifts to get an electrical connection
0.3 %
Percent of firms expected to give gifts to get a construction permit
11.5 %
Percent of firms expected to give gifts to get an import license
42.6 %
Percent of firms identifying the courts system as a major constraint
1.2 %
Bribery index (% of gift or informal payment requests during public transactions)
1.3 %
Informal payments to public officials (% of firms)
1.9 %
Losses due to theft, robbery, vandalism, and arson (% sales)
7.5 %
Percent of firms paying for security
47.9 %
Security costs (% of annual sales)
0.9 %
If the establishment pays for security, average security costs (% of annual sales)
2.2 %
Losses due to theft and vandalism against the firm (% of annual sales)
0.7 %
If there were losses, average losses due to theft and vandalism (% of annual sales)
2.2 %
Products shipped to supply domestic markets that were lost due to theft (% of product value)
0 %
Percent of firms identifying crime, theft and disorder as a major constraint
4.8 %
Time required to obtain an operating license (days)
4.9 days
Age of the establishment (years)
8.2 years
Proportion of private domestic ownership in a firm
95.4 %
Proportion of private foreign ownership in a firm
4.6 %
Proportion of government/state ownership in a firm
0.5 %
Proportion of a firm held by the largest owner(s)
76.6 %
Percent of firms with legal status of publicly listed company
8.7 %
Percent of firms with legal status of privately held Limited Liability Company
90.8 %
Percent of firms with legal status of Sole Proprietorship
8.3 %
Percent of firms with legal status of Partnership
0.9 %
Percent of firms with legal status of Limited Partnership
0.4 %
Firms with female top manager (% of firms)
32 %
Firms with female participation in ownership (% of firms)
33.9 %
Proportion of investment financed internally
75.2 %
Value of collateral needed for a loan (% of the loan amount) WB
223 %
Proportion of loans requiring collateral
95.6 %
Percent of firms using banks to finance investments
22 %
Percent of firms using banks to finance working capital
27.6 %
Percent of firms with a bank loan/line of credit
35.8 %
Percent of firms with a checking or savings account
94.2 %
Percent of firms identifying access to finance as a major constraint
18.3 %
Proportion of investment financed by banks
12.1 %
Percent of firms not needing a loan
59.8 %
Percent of firms whose recent loan application was rejected
4.6 %
Proportion of investment financed by supplier credit
1.1 %
Proportion of investment financed by equity or stock sales
10.8 %
Proportion of working capital financed by banks
15.3 %
Proportion of working capital financed by supplier credit
3.5 %
Firms formally registered when operations started (% of firms)
97.2 %
Percent of firms with female participation in ownership
33.9 %
Proportion of permanent full-time workers that are female
44.4 %
Proportion of permanent full-time non-production workers that are female
23.5 %
Percent of firms with a female top manager
32 %
Firms that do not report all sales for tax purposes (% of firms)
43.81 %
Percent of firms competing against unregistered or informal firms
54.1 %
Percent of firms identifying practices of competitors in the informal sector as a major constraint
13.7 %
Percent of firms formally registered when they started operations in the country
97.2 %
Number of years firm operated without formal registration
0.5
Days to obtain an electrical connection (upon application)
8.7
Proportion of electricity from a generator
0.5 %
If a generator is used, average proportion of electricity from a generator
2.2 %
Percent of firms identifying transportation as a major constraint
13.2 %
Percent of firms identifying electricity as a major constraint
31.1 %
Proportion of products lost to breakage or spoilage during shipping to domestic markets
0.4 %
Number of electrical outages in a typical month
1
Duration of a typical electrical outage (hours)
0.7 hours
If there were outages, average duration of a typical electrical outage (hours)
3.3 hours
Losses due to electrical outages (% of annual sales)
0.5 %
Percent of firms owning or sharing a generator
28.6 %
Percent of firms with an internationally-recognized quality certification
7.7 %
Percent of firms with an annual financial statement reviewed by external auditors
28.4 %
Capacity utilization
59.4 %
Percent of firms using technology licensed from foreign companies
20.2 %
Percent of firms having their own Web site
49.4 %
Percent of firms using e-mail to interact with clients/suppliers
75.9 %
ISO certification ownership (% of firms)
7.7 %
Percent of firms choosing access to finance as their biggest obstacle
20.9 %
Percent of firms choosing labor regulations as their biggest obstacle
0.8 %
Percent of firms choosing political instability as their biggest obstacle
42 %
Percent of firms choosing practices of the informal sector as their biggest obstacle
7.4 %
Percent of firms choosing tax administration as their biggest obstacle
2.5 %
Percent of firms choosing tax rates as their biggest obstacle
15.2 %
Percent of firms choosing transportation as their biggest obstacle
2.7 %
Percent of firms choosing access to land as their biggest obstacle
0.4 %
Percent of firms choosing business licensing and permits as their biggest obstacle
0.1 %
Percent of firms choosing corruption as their biggest obstacle
1.1 %
Percent of firms choosing courts as their biggest obstacle
1.1 %
Percent of firms choosing crime, theft and disorder as their biggest obstacle
6.6 %
Percent of firms choosing customs and trade regulations as their biggest obstacle
1.5 %
Percent of firms choosing electricity as their biggest obstacle
2.1 %
Percent of firms choosing inadequately educated workforce as their biggest obstacle
2 %
Days to obtain an import license
7.2
Days to obtain an operating license
4.9
Days to obtain a construction-related permit
34.1
Percent of firms identifying business licensing and permits as a major constraint
10.7 %
Senior management time spent dealing with the requirements of government regulation
0.9 %
Number of visits or required meetings with tax officials
0.6
If there were visits, average number of visits or required meetings with tax officials
2.7
Percent of firms identifying tax rates as a major constraint
27.1 %
Percent of firms identifying tax administration as a major constraint
6.6 %
Days to clear direct exports through customs
2.9
Percent of firms exporting directly or indirectly (at least 1% of sales)
7.4 %
Percent of firms using material inputs and/or supplies of foreign origin
56 %
Days of inventory of main input
34.3
Percent of firms exporting directly (at least 1% of sales)
4.2 %
Days to clear imports from customs
2.2
Proportion of total sales that are domestic sales
97.7 %
Proportion of total sales that are exported directly
1.3 %
Proportion of total sales that are exported indirectly
1 %
Proportion of total inputs that are of domestic origin
67.6 %
Proportion of total inputs that are of foreign origin
32.4 %
Percent of firms identifying customs and trade regulations as a major constraint
2.9 %
Firms offering formal training (% of firms)
10.5 %
Percent of firms offering formal training
10.5 %
Percent of firms identifying an inadequately educated workforce as a major constraint
9.9 %
Number of temporary workers
3.3
Number of permanent full-time workers
25.2
Proportion of unskilled workers (out of all production workers)
25.2 %
Proportion of workers offered formal training
61.4 %
Number of permanent skilled production workers
23.5
Number of permanent unskilled production workers
6.3
Number of permanent production workers
30.2
Number of permanent non-production workers
7.3
Years of the top manager's experience working in the firm's sector
11.9
Percent of firms identifying labor regulations as a major constraint
1 %
Cost to get electricity(% of income per capita)
354 %
Procedures required to connect to electricity
4
Management time dealing with officials (% of management time)
0.9 %
Cost to import (US$ per container)
1595
Cost to import, border compliance (US$)
396
Cost to import, documentary compliance (US$)
189
Documents to import
4
Lead time to import (days)
10 days
Time to import, border compliance (hours)
15 hours
Time to import, documentary compliance (hours)
2 hours
Resolving insolvency: cost (% of estate)
10 %
Time to resolve insolvency (years)
2 years
Resolving insolvency: recovery rate (cents on the dollar)
39.5
Time required to enforce a contract (days)
285 days
Rigidity of employment index (0=less rigid to 100=more rigid)
21
Procedures to enforce a contract
33
Extent of director liability index (0 to 10)
6
Strength of investor protection index (0 to 10)
7.7
Ease of shareholder suits index (0 to 10)
8
Time required to register property (days) WDI
1 days
Procedures to register property
1
Minimum paid-in capital required to start a business (% of income per capita)
3.7 %
Cost of business start-up procedures, female (% of GNI per capita)
2.5 %
Cost of business start-up procedures, male (% of GNI per capita)
2.5 %
Cost of business start-up procedures (% of GNI per capita)
2.5 %
Time required to start a business (days)
2 days
Time required to start a business, female (days)
2 days
Time required to start a business, male (days)
2 days
Start-up procedures to register a business
2
Start-up procedures to register a business, female
2
Start-up procedures to register a business, male
2
Cost to register property (% of property value)
0.1 %
Time to prepare and pay taxes (hours)
269 hours
Firms expected to give gifts in meetings with tax officials (% of firms)
0.2 %
Labor tax and contributions (% of commercial profits)
22.6 %
Average number of times firms spent in meetings with tax officials
2.7
Other taxes payable by businesses (% of commercial profits)
2.1 %
Tax payments
5
Profit tax (% of commercial profits)
14.3 %
Total tax rate (% of profit)
16.4 %
Time required to build a warehouse (days)
63 days
Procedures to build a warehouse
11
Burden of customs procedure, WEF (1=extremely inefficient to 7=extremely efficient)
5.4
Lead time to import, median case (days)
2 days
Logistics performance index: Efficiency of customs clearance process (1=low to 5=high)
2.26
Logistics performance index: Quality of trade and transport-related infrastructure (1=low to 5=high)
2.17
Logistics performance index: Ease of arranging competitively priced shipments (1=low to 5=high)
2.35
Logistics performance index: Competence and quality of logistics services (1=low to 5=high)
2.08
Logistics performance index: Overall (1=low to 5=high)
2.35
Logistics performance index: Frequency with which shipments reach consignee within scheduled or expected time (1=low to 5=high)
2.8
Logistics performance index: Ability to track and trace consignments (1=low to 5=high)
2.44
International tourism, number of arrivals
6361000
International tourism, number of departures
3400000
International tourism, receipts
2370000000 USD
International tourism, receipts (% of total exports)
38.02 %
International tourism, receipts for passenger transport items
204000000 USD
International tourism, expenditures for passenger transport items
320000000 USD
International tourism, receipts for travel items
2166000000 USD
International tourism, expenditures for travel items
386000000 USD
International tourism, expenditures
706000000 USD
International tourism, expenditures (% of total imports)
8.32 %
Merchandise trade (% of GDP)
65.43 %
Import volume index (2000 = 100)
700
Binding coverage, manufactured products
100 %
Bound rate, simple mean, manufactured products
6.59 %
Share of tariff lines with international peaks, manufactured products
0.027 %
Tariff rate, applied, simple mean, manufactured products
0.79 %
Tariff rate, most favored nation, simple mean, manufactured products
0.6 %
Share of tariff lines with specific rates, manufactured products
8.71 %
Tariff rate, applied, weighted mean, manufactured products
0.41 %
Tariff rate, most favored nation, weighted mean, manufactured products
1.16 %
Binding coverage, all products
100 %
Bound rate, simple mean, all products
7.18 %
Share of tariff lines with international peaks, all products
3.35 %
Tariff rate, applied, simple mean, all products
1.2 %
Tariff rate, most favored nation, simple mean, all products
1.41 %
Share of tariff lines with specific rates, all products
8.83 %
Tariff rate, applied, weighted mean, all products
0.66 %
Tariff rate, most favored nation, weighted mean, all products
1.88 %
Binding coverage, primary products
100 %
Bound rate, simple mean, primary products
8.79 %
Share of tariff lines with international peaks, primary products
18.07 %
Tariff rate, applied, simple mean, primary products
4.1 %
Tariff rate, most favored nation, simple mean, primary products
3.8 %
Share of tariff lines with specific rates, primary products
9.39 %
Tariff rate, applied, weighted mean, primary products
1.11 %
Tariff rate, most favored nation, weighted mean, primary products
3.14 %
Food imports (% of merchandise imports)
14.16 %
Insurance and financial services (% of commercial service imports)
8.38 %
Manufactures imports (% of merchandise imports)
65.79 %
Merchandise imports from economies in the Arab World (% of total merchandise imports)
2.09 %
Merchandise imports
7294000000 USD
Merchandise imports from high-income economies (% of total merchandise imports)
37.09 %
Merchandise imports from developing economies outside region (% of total merchandise imports)
12.42 %
Merchandise imports from developing economies in East Asia & Pacific (% of total merchandise imports)
8.22 %
Merchandise imports from developing economies in Europe & Central Asia (% of total merchandise imports)
50.48 %
Merchandise imports from developing economies in Latin America & the Caribbean (% of total merchandise imports)
1.54 %
Merchandise imports from developing economies in Middle East & North Africa (% of total merchandise imports)
1.29 %
Merchandise imports from developing economies in South Asia (% of total merchandise imports)
1.14 %
Merchandise imports from developing economies in Sub-Saharan Africa (% of total merchandise imports)
0.2266 %
Merchandise imports by the reporting economy, residual (% of total merchandise imports)
0.00903 %
Merchandise imports by the reporting economy
7288617966 USD
Merchandise imports from developing economies within region (% of total merchandise imports)
50.48 %
Import value index (2000 = 100)
1028
Computer, communications and other services (% of commercial service imports)
10.65 %
Commercial service imports
1658894978 USD
Transport services (% of commercial service imports)
57.69 %
Travel services (% of commercial service imports)
23.29 %
Net barter terms of trade index (2000 = 100)
143
Export volume index (2000 = 100)
313
Food exports (% of merchandise exports)
37.47 %
Insurance and financial services (% of commercial service exports)
0.8134 %
Manufactures exports (% of merchandise exports)
32.22 %
Merchandise exports to economies in the Arab World (% of total merchandise exports)
5.83 %
Merchandise exports
2113000000 USD
Merchandise exports to high-income economies (% of total merchandise exports)
31.22 %
Merchandise exports to developing economies outside region (% of total merchandise exports)
15.96 %

8.27 %
Merchandise exports to developing economies in Europe & Central Asia (% of total merchandise exports)
52.82 %
Merchandise exports to developing economies in Latin America & the Caribbean (% of total merchandise exports)
1.01 %
Merchandise exports to developing economies in Middle East & North Africa (% of total merchandise exports)
5.3 %
Merchandise exports to developing economies in South Asia (% of total merchandise exports)
1.06 %
Merchandise exports to developing economies in Sub-Saharan Africa (% of total merchandise exports)
0.3244 %
Merchandise exports by the reporting economy, residual (% of total merchandise exports)
0 %
Merchandise exports by the reporting economy
2113041176 USD
Merchandise exports to developing economies within region (% of total merchandise exports)
52.82 %
Export value index (2000 = 100)
654
Computer, communications and other services (% of commercial service exports)
4.92 %
Commercial service exports
3274100979 USD
High-technology exports
19807885 USD
High-technology exports (% of manufactured exports)
3.9 %
Transport services (% of commercial service exports)
28.1 %
Travel services (% of commercial service exports)
66.17 %






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