Friday, November 02, 2007

ARMENIA 57TH ACCORDING TO ECONOMIC STABILITY INDICATOR

01/11/2007
Source: Panorama.am

Economy and Values Research Center recently published its annual world report on competitiveness. Armenia is in the 93rd place among 131 countries. Last year, Armenia was in the 82nd place among 125 countries. Armenia is ahead of Moldova, Tajikistan, Ghrghzstan in terms of the indicator.

USA, Switzerland and Denmark are found as the most competitive three countries. Our strategic partner, Russia, is in the 58th place.

According to the same publication, Armenia continues to take 57th place in terms of the indicator of economic stability. Low level of inflation and small state debt as compared with GDP contributed to such figure. Armenia is in the 99th place in terms of health and elementary education. In terms of market effectiveness, the country is in the 104th place.

Note: Above are excerpts from the article. The full article appears here. Clarifications and comments by me are contained in {}. Deletions are marked by [...]. The bold emphasis is mine.

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