Armenia’s 2013 Index of Economic Freedom Rank once again above European average ranking

19 February, 2013

On February 19, 2013, the Heritage Foundation and The Wall Street Journal released its joint study of economic freedom and investment climate trends in the world, better known as the Index of Economic Freedom. Armenia’s rank of 38 out of 177 countries of the world is well above both the world and European average. The Index of Economic Freedom report on Armenia notes that “Armenia’s economic freedom score is 69.4, making its economy the 38th freest in the 2013 Index. Its overall score has increased by 0.6 point from last year, mainly reflecting the better management of public spending. Armenia is ranked 17th among the 43 countries in the Europe region, and its score puts it above the world and regional averages. Considerable diversification of the economic base has increased economic dynamism in Armenia, and a decade of strong economic growth has reduced poverty and unemployment rates.”

Armenia’s economic freedom score ranks considerably higher than that of any CIS country.

The Index of Economic Freedom report on Armenia is available here.

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