ARMENIA RATES SECOND IN ‘SUPER GROWTH’ COMPANIES INDEX

PanARMENIAN.Net
31.03.2007 13:59 GMT+04:00

/PanARMENIAN.Net/ The U.S. tops the Grant Thornton International
Super Growth Index for the third year running. 44% of US companies hit
‘super growth’ status, an increase of 5% over the previous year. The
Index measures the country with the highest proportion of "super
growth" companies.

This year Armenia (38%) has replaced India in second position.

‘Super growth’ companies are defined as those which have grown
considerably more than average. To identify ‘super growth’ companies,
Experian Business Strategies, the economics consultancy, took four
key indicators to create a weighted index. The four indicators were:
absolute growth in turnover (adjusted for inflation); the percentage
growth in turnover (adjusted for inflation); absolute growth in
employee numbers; the percentage growth in employee numbers. By this
measure, 23% of all privately held businesses surveyed worldwide are
classified as ‘super growth’.