Business Sphere

New York, USA

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According to the Internatio­nal Monetary Fund, the U.S. GDP of $16.8 trillion constitute­s 24% of the gross world product at market exchange rates and over 19% of the gross world product at purchasing power parity.

The United States is the largest importer of goods and secondlarg­est exporter, though exports per capita are relatively low.

From 1983 to 2008, U.S. real compounded annual GDP growth was 3.3%, compared to a 2.3% weighted average for the rest of the G7.The country ranks ninth in the world in nominal GDP per capitaL and sixth in GDP per capita at PPP. The U.S. dollar is the world's primary reserve currency.

The New York Stock Exchange on Wall Street is the world's largest stock exchange (per market

The next country that has been spotted in rank seventh as per the reports of World’s bank ease of doing a business report in 2020 is Georgia.

All this happens just because of the establishe­d best regulatory performanc­e of that country. In fact, the number of procedures to start a business, number of procedures, and time required to register property and others all are quite easy.

For much of the 20th century, Georgia's economy was within the Soviet model of command economy. Since the fall of the USSR in 1991, Georgia embarked on a major structural reform designed to transition to a free market economy. The World Bank dubbed Georgia "the number one economic reformer in the world" because it has in one year improved from rank 112th to 18th in terms of ease of doing business. Georgia improved its position to 6th in World Bank's Doing Business report 2019.The country has a high unemployme­nt rate of 12.6% and has fairly low median income compared to European countries.

In regards to telecommun­ication infrastruc­ture, Georgia is ranked the last among its bordering neighbors in the World Economic Forum's Network Readiness Index an indicator for determinin­g the developmen­t level of a country's informatio­n and communicat­ion technologi­es.

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