Armenia is ranked 82nd (up from 85^th last year) in the Global Competitiveness Report 2015-2016 released by the World Economic Forum today.

Switzerland tops the ranking followed by Singapore and the United States. Armenia’s neighbors in the region are placed as follows: Georgia – 66^th, Azerbaijan – 40^th, Turkey 51^st, Iran – 74^th.

Armenia’s partners in the Eurasian Economic Union Russia and Kazakhstan are ranked 45^th and 42^nd respectively. Kyrgyzstan is 102^nd, no data is available for Belarus.

The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.