Heritage foundation index of economic freedom ranks Armenia 31st of 183

|

USD

391.74

EUR

426.88

RUB

4.5721

GEL

141.28

Economy

13.01.2009, 23:16

Armenia's economic freedom score is 69.9, making its economy the 31st freest in the 2009 Index of Economic Freedom released by the Heritage Foundation (USA). The country’s overall score remains unchanged from 2007.

YEREVAN, January 13. /ARKA/. Armenia's economic freedom score is 69.9, making its economy the 31st freest in the 2009 Index of Economic Freedom released by the Heritage Foundation (USA). The country’s overall score remains unchanged from 2007. Armenia is ranked 18th freest among the 43 countries in the Europe region, and its score puts it above the world average.

Armenia rates significantly higher than the average country in eight of the 10 freedoms.

Specifically, the country shows the following indices: business freedom 83.7%; trade freedom 86.4%; fiscal freedom 90%; government size 89.7%; monetary freedom 77.8%; investment freedom 70%; financial freedom 70%; property rights 35%; freedom from corruption 30%; labor freedom 66.3%.

According to the Index, commercial regulations are flexible and relatively simple in the country. Low tax rates and moderate government spending contribute to an impressive degree of fiscal freedom. There are few restrictions on foreign investment, and banking is wholly private and well regulated.

On the other hand, widespread corruption and weak protection of property rights reduce Armenia's overall level of economic freedom. –0--

S&P expects Armenia's economic growth to halve in three years

Over the next three years, growth in Georgia and Armenia will almost halve, from 9.4% and 8.8%, respectively, in 2022-24, but will remain sustainable, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.

14.03.2025 10:26

Dynamics of the decline in exports and imports in Armenia will last throughout the first half of the year – EDB

The decline in the value of exports and imports in Armenia in January by 49.2% year-on-year (y/y) and 33.5% y/y, respectively, was due to the fact that the positive impact of foreign trade in precious metals had been exhausted.

13.03.2025 15:00

Armenia's position in the “2025 index of economic freedom significantly worsens”

Armenia ranked 57th out of 184 countries in the 2025 Index of Economic Freedom, published by the Heritage Foundation.

12.03.2025 12:25

Freight traffic in Armenia grew by 12.9% in January, passenger traffic declined by 20.8%

The total freight traffic in Armenia in January 2025 amounted to 1,117.6 thousand tons, increasing by 12.9% compared to January 2024, while the total passenger traffic amounted to 12,728.6 thousand with a 20.8% decline, according to the National Statistical Committee.

10.03.2025 17:22

Risk assessment and portfolio diversification: CEO of Armenian company Cube Invest about myths and real features of investing

To form a successful investment portfolio, two main steps should be highlighted, said Mikael Margaryan, CEO and Chairman of the Board of Directors of the investment company Cube Invest.

10.03.2025 13:53

Service sector in Armenia grows by 12.6% in the first month of 2025, exceeding 280 billion drams

The volume of the service sector in Armenia in January 2025 amounted to 280,031.8 million drams (at current prices), showing an increase of 12.6% compared to January 2024 and 19.7% compared to December 2024.

10.03.2025 13:03

Domestic trade turnover in Armenia in January amounted to 39 billion drams with a growth of 9.9%

Domestic trade turnover in Armenia in January 2025 amounted to 379,155.1 million drams (at current prices), marking an increase of 9.9% compared to January 2024 and a decrease of 51.8% compared to December 2024, according to the National Statistical Committee of Armenia.

10.03.2025 12:14

Inflation in Armenia reaches the Central Bank’s target range – EDB

Inflation has reached the target range set by the Central Bank of Armenia, according to the weekly macroeconomic review by the Eurasian Development Bank (EDB).

10.03.2025 10:29