Economics

Armenia three positions up in Global Competitiveness Report 2015-2016

Armenia is ranked 82nd (up from 85th last year) in the Global Competitiveness Report 2015-2016 released by the World Economic Forum today.

Switzerland tops the ranking followed by Singapore and the United States. Armenia’s neighbors in the region are placed as follows: Georgia – 66th, Azerbaijan – 40th, Turkey 51st, Iran – 74th.

Armenia’s partners in the Eurasian Economic Union Russia and Kazakhstan are ranked 45th and 42nd respectively. Kyrgyzstan is 102nd, no data is available for Belarus.

The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.

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