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Armenia Drops One Notch In The Global Competitiveness Report 2012-20

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  • Armenia Drops One Notch In The Global Competitiveness Report 2012-20

    ARMENIA DROPS ONE NOTCH IN THE GLOBAL COMPETITIVENESS REPORT 2012-2013 TO 81ST POSITION

    YEREVAN, December 18. / ARKA /. Armenia dropped one notch in The Global
    Competitiveness Report 2012-2013 compiled by the World Economic Forum,
    to 81st position among 144 countries.

    The rating is topped in the fourth consecutive year by Switzerland,
    which is followed by Singapore and Finland respectively. Northern and
    Western European countries continue to dominate in the top ten. Sweden
    is 4th, the Netherlands is 5th and Germany is 6th.

    According to the report, Russia was ranked 67th, Azerbaijan - 46th,
    Kazakhstan -51st (it has improved its position by 21 points) and
    Georgia -77th.

    The Global Competitiveness Report is an annual report of the World
    Economic Forum. The first report was released in 1979. Since 2004,
    the Global Competitiveness Report ranks countries based on "Global
    Competitiveness Index" (GCI), which assesses the ability of countries
    to ensure the well-being of their citizens.

    The World Economic Forum (WEF) is a Swiss non-governmental
    organization, best known for organizing annual meetings in Davos. -0-

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