Economy of Armenia - Global Competitiveness

Global Competitiveness

The Armenian economy's competitiveness is low and stagnating according to the Global Competitiveness Index, in which Armenia's ranking slipped from 80th out of 132 countries in 2006-2007 index to 93rd out of 131 countries in the 2007-2008 index (just below Libya, Namibia, Georgia, Serbia and Pakistan). Armenia ranks 82nd out of 144 economies according to the 2012-2013 Global Competitiveness Index.

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