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Armenia Ranks 98th Out Of 139 Countries In Global Competitiveness Re

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  • Armenia Ranks 98th Out Of 139 Countries In Global Competitiveness Re

    ARMENIA RANKS 98TH OUT OF 139 COUNTRIES IN GLOBAL COMPETITIVENESS REPORT
    Anna Balyan

    "Radiolur"
    09.09.2010 18:13

    The Economy and Values Research Center has published the Global
    Competitiveness Report 2010-2011, where Armenia ranks 98th out of 139
    countries as compared to last years 97th position out of 133 countries.

    The Global Competitiveness Report's competitiveness ranking is based
    on the Global Competitiveness Index (GCI), developed for the World
    Economic Forum (WEF). The GCI is based on 12 pillars of competitiveness
    and provides a comprehensive assessment of country competitiveness.

    The rankings are calculated based on both publicly available data
    and the Executive Opinion Survey, a comprehensive annual survey
    conducted by the World Economic Forum together with its network of
    Partner Institutes in the countries covered by the report.

    "Armenia is progressing, but a little slower than other countries,"
    Director of the Center Manuk Hergnyan said. According to him, progress
    has been registered in the fields of healthcare, education. At the
    same time, significant deterioration was registered in Armenia's
    ratings on macroeconomic stability line and the level of financial
    market development.




    From: A. Papazian
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