Armenia Ranked "Mostly Free" by the Heritage Foundation

2005-07-26 14:31:34
Civil Georgia, Tbilisi

According to the annual publication by the Heritage Foundation/Wall Street Journal – Index of Economic Freedom-2005, Georgia’s overall score has worsened by 0.15 points since last year reaching 3.34 points, as a result the country still remains in the “mostly unfree” category.

The 2005 Index of Economic Freedom measures 161 countries. [...]. {The higher the score on a factor, the greater the level of government interference in the economy and the less economic freedom a country enjoys. The countries with the most economic freedom also have higher rates of long-term economic growth and are more prosperous than are those with less economic freedom.}

Armenia is the only country from the Commonwealth of Independent States (CIS) which is in the “mostly free” category with 2.58 points.
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