Armenia to take steps to improve its Global Competitiveness ranks

Armenia to take steps to improve its Global Competitiveness ranks

YEREVAN, July 11. /ARKA/. Armenia’s government approved today a package of steps to be taken for improving Armenia’s rank in Global Competitiveness report. 

Garegin Melkonyan, the first deputy economy minister, said that Armenia went three notches up and was 79th among 150 countries in the latest ranking. 

He said that despite this improvement, the government decided to take more effective measures to ensure more significant improvement.   

In 2013, Armenia ranked 79th among 148 countries improving its previous position by three notches. 
It came 82nd among 144 in the 2012 ranking. In 2013, Armenia got back the position it had in 2005, when the country was included in the report for the first time.  

Armenia showed a one-to-20-point progress in macroeconomic environment, commodity market effectiveness, technologic preparation and entrepreneurship improvement indices. 

Armenia improved its inflation index by 104 points – in 2011 Armenia’s 7.7% average monthly inflation ensured the 105th rank to it among 142 countries, and in 2012, Armenia, with its 2.5% inflation, already stood in the row of those countries accounting for inflation below 2.5% and came first among 43 countries.  

Instead, its labor market productivity index plunged 20 notches to 50th rank and its lending availability index sank 19 notches. 

Armenia’s indices of healthcare, primary education, hither education, retraining, market volumes, salary payment flexibility, government funds non-targeted usage, innovation opportunities, clusters development and places in aircrafts worsened as well. --0---- 

16:09 11.07.2014

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