ARMENIA RANKS 8TH IN RATING OF FORMER USSR COUNTRIES’ ECONOMIC STATUS

Arka News Agency, Armenia
Feb 12 2007

YEREVAN. February 12. /ARKA/. Armenia ranks 8th in the rating
of former USSR countries’ economic status. The research of the
Russian Renaissance Capital Company titled "Former USSR Countries:
Profitability of Changes".

The research demonstrates the rating of indicators of political and
economic reforms, carried out in former USSR countries over the last
15 years.

According to the rating, Armenia ranks 3rd after Turkmenistan and
Azerbaijan for the indicator of economic growth in 2000-2006. At the
same time, Armenia shifted to the 10th position for the GDP indicator
based on the parity of purchasing capacity of Armenia. Baltic countries
occupy 1-3 positions.

Armenia ranks 4th for the inflation rate after Lithuania, Estonia,
and Kyrgyzstan. After Azerbaijan and Estonia, Armenia has the
third indicator of investment rate, based on the ratio of foreign
investments and GDP Armenia. The country ranks 13th for unemployment
rate. Azerbaijan, Belarus, and Russia lead the rating.

Armenia occupies the 11th position for the poverty rate. The lowest
indicator of poverty is in Estonia, Kazakhstan, and Belarus.

At the same time, inequality rate is the highest in Armenia.

The lowest inequality rate is observed in Uzbekistan, Belarus,
and Latvia.

The report authors point out that the economic welfare of Russia,
Kazakhstan, and Azerbaijan is connected with plenty of oil and gas
resources, that of Belarus – with low prices for these resources.

From: Emil Lazarian | Ararat NewsPress