Armenia is ranked 61st among 167 countries in the 2019 prosperity index published by the London-based Legatum Institute. Armenia has moved up the rankings table by six places.
The Legatum Prosperity Index 2019 quantifies prosperity in 167 countries across the globe, which together contain 99.4% of the world’s population. Almost 300 country-level indicators, grouped into 65 policy-focused elements, are used to measure the current state of prosperity in these countries and how it has changed since 2007.
According to the report, Armenia performs most strongly in Education and Investment Environment, but is weakest in Natural Environment. The biggest improvement compared to a decade ago came in Social Capital.
Denmark tops the ranking followed by Norway and Switzerland. Armenia’s neighbor Georgia is placed 53rd, Turkey and Azerbaijan and are ranked 91st and 92nd respectively, Iran is 119th.
Armenia’s partners in the Eurasian Economic Union Belarus and Russia are placed 73rd and 74th respectively, Kazakhstan is 68th, Kyrgyzstan is 88th.
Overall, the world is more prosperous than it has ever been, with Denmark overtaking Norway as the strongest performer. North America remains the most prosperous region, although, as a result of its prosperity stagnating, the gap with Western Europe has narrowed.