ARMENIA RANKS 31ST IN THE INDEX OF ECONOMIC FREEDOM

armradio.am
13.01.2009 17:59

For over a decade, The Wall Street Journal and The Heritage Foundation,
have tracked the march of economic freedom around the world with the
influential Index of Economic Freedom. This year Armenia ranked 31st
among 179 countries of the world.

The Index of Economic Freedom is built upon analysis of 10 specific
components of economic freedom, some of which are themselves composites
of additional quantifiable measures. The 10 component scores are
equally weighted and averaged to get an overall economic freedom
score for each country. These components include: business freedom,
trade freedom, fiscal freedom, government size, monetary freedom,
investment freedom, financial freedom, property rights, freedom from
corruption and labor freedom.

This year Azrmenia received 69 points out of 100 possible as compared
to 70 points in 2008. This allowed Armenia to be included in the list
of countries with moderately free economy, ranking the highest among
CIS states.

According to the results of the research, Georgia is 32nd, Azerbaijan
is 99th, Russia is 146th.