Armenia is placed 81st in the Forbes’ ranking of Best Counties for Business 2019. Despite the uncertainty surrounding Brexit, the United Kingdom ranked first for the second straight year on the strength of its workforce, innovation and lack of red tape. It is followed by Sweden and Hong Kong. Rounding out the top five countries overall are the Netherlands and New Zealand.
The data is based on published reports from Freedom House, Heritage Foundation, Property Rights Alliance, United Nations, Transparency International, World Bank Group, Marsh & McLennan and World Economic Forum.
Forbes has rated the business friendliness of the world’s biggest economies annually for the past 13 years.
The Best Nations for Business have been determined by rating 161 nations on 15 different factors: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, workforce, freedom (personal, trade and monetary), red tape and investor protection. Each category was equally weighted.