The countries of the Former Soviet Union (FSU) share a common legacy but have taken very different economic paths during the past 20 years. This report on the ease of doing business may be of interest to many readers. 183 countries were ranked, including all FSU countries except Turkmenistan.
Below are FSU countries listed by number in the ranking with their change in position from 2010 to 2011, annual GNI (gross national income, which fails to account for the shadow economy) per capita, and population in millions. Follow the links to get more information about each country's rating.
16. Georgia (+1) / $2690 / 4.6 million
21. Latvia (+10) / $11620 / 2.2
24. Estonia (-6) / $14360 / 1.3
27. Lithuania (-2) / $11400 / 3.2
47. Kazakhstan (+11) / $7440 / 16.6
55. Armenia (+6) / $3060 / 3.3
66. Azerbaijan (+3) / $5180 / 9.2
69. Belarus (+22) / $6030 / 9.5
70. Kyrgyzstan (-3) / $880 / 5.5
81. Moldova (+18) / $1810 / 3.6
120. Russia (+4) / $9910 / 142.9
147. Tajikistan (+5) / $780 / 8.0
166. Uzbekistan (-2) / $1280 / 27.6
Average change in rating from 2010 to 2011 for FSU countries: +4.6
Average GNI: $5675, or $3824 not including Baltic states, which are the three wealthiest per capita with an average GNI of $12460
- Georgia is the lowest-GNI country in the top 44.
- Belarus and Kazakhstan are both substantially higher-income and easier for doing business than Ukraine.
- Ukraine is ranked lowest in Europe in terms of ease of doing business.
- Russia is three times wealthier per capita but nearly as hard to do business in as Ukraine.
- The 3 Baltic states (Estonia, Latvia, Lithuania) are at nearly the same level of income and ease of doing business, as are the 3 Transcaucasian states (Georgia, Armenia, and Azerbaijan).
- Of the Central Asian republics, Kazakhstan is both by far the wealthiest and the easiest for doing business.
- Among the bottom 35 countries, Ukraine is 3rd in terms of income per capita. Only Venezuela and Angola are "better off."
- Most of the most populous FSU countries (Russia, Ukraine, Uzbekistan, and Kazakhstan) are in the bottom half of the ranking, while all of the least populous (Estonia, Latvia, Lithuania, Armenia, Moldova, and Georgia) are in the top half.