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2014 INDEX OF ECONOMIC FREEDOM: ARMENIA 18TH AMONG 43 COUNTRIES IN THE EUROPE REGION
14:50 14.01.2014
Armenia is ranked 18th among the 43 countries in the Europe region
in the 2014 Index of Economic Freedom released by the Wall Street
Journal and the Heritage Foundation.
According to the report, Armenia's economic freedom score is 68.9,
making its economy the 41st freest in the 2014 Index. Its overall
score has declined by 0.5 point from last year, primarily due to
combined deteriorations in investment freedom, business freedom,
and fiscal freedom.
Armenia is ranked 18th among the 43 countries in the Europe region,
and its score is above the world and regional averages.
Over the 20-year history of the Index, Armenia has improved its
economic freedom score by 26.7 points, the fourth largest score
increase. Recording score improvements in eight of the 10 economic
freedoms, including monetary freedom, management of public finance,
trade freedom, and financial freedom, Armenia has advanced from
economic repression 20 years ago to economically "moderately free"
today. Facilitated by the broad advancement of economic freedom,
diversification of the economic base has enhanced Armenia's economic
dynamism and reduced poverty.
Nonetheless, substantial challenges remain, particularly in
implementing deeper institutional and systemic reforms that are
critical to strengthening the foundations of economic freedom. Both
the protection of property rights and freedom from corruption are far
below world standards, and the legal framework continues to be weak.
For 20 years The Heritage Foundation, in partnership with The Wall
Street Journal, has tracked the march of economic freedom around
the world with the influential Index of Economic Freedom based on
10 quantitative and qualitative factors, grouped into four broad
categories, or pillars, of economic freedom: Rule of Law (property
rights, freedom from corruption); Limited Government (fiscal freedom,
government spending); Regulatory Efficiency (business freedom,
labor freedom, monetary freedom); and Open Markets (trade freedom,
investment freedom, financial freedom).
Armenia's neighboring countries and Customs Union member states are
ranked as follows: Georgia - 22nd, Iran - 173rd, Azerbaijan - 81st,
Turkey - 64th, Russia - 140th, Belarus - 150th, Kazakhstan - 67th.
http://www.armradio.am/en/2014/01/14/2014-index-of-economic-freedom-armenia-18th-among-43-countries-in-the-europe-region/
14:50 14.01.2014
Armenia is ranked 18th among the 43 countries in the Europe region
in the 2014 Index of Economic Freedom released by the Wall Street
Journal and the Heritage Foundation.
According to the report, Armenia's economic freedom score is 68.9,
making its economy the 41st freest in the 2014 Index. Its overall
score has declined by 0.5 point from last year, primarily due to
combined deteriorations in investment freedom, business freedom,
and fiscal freedom.
Armenia is ranked 18th among the 43 countries in the Europe region,
and its score is above the world and regional averages.
Over the 20-year history of the Index, Armenia has improved its
economic freedom score by 26.7 points, the fourth largest score
increase. Recording score improvements in eight of the 10 economic
freedoms, including monetary freedom, management of public finance,
trade freedom, and financial freedom, Armenia has advanced from
economic repression 20 years ago to economically "moderately free"
today. Facilitated by the broad advancement of economic freedom,
diversification of the economic base has enhanced Armenia's economic
dynamism and reduced poverty.
Nonetheless, substantial challenges remain, particularly in
implementing deeper institutional and systemic reforms that are
critical to strengthening the foundations of economic freedom. Both
the protection of property rights and freedom from corruption are far
below world standards, and the legal framework continues to be weak.
For 20 years The Heritage Foundation, in partnership with The Wall
Street Journal, has tracked the march of economic freedom around
the world with the influential Index of Economic Freedom based on
10 quantitative and qualitative factors, grouped into four broad
categories, or pillars, of economic freedom: Rule of Law (property
rights, freedom from corruption); Limited Government (fiscal freedom,
government spending); Regulatory Efficiency (business freedom,
labor freedom, monetary freedom); and Open Markets (trade freedom,
investment freedom, financial freedom).
Armenia's neighboring countries and Customs Union member states are
ranked as follows: Georgia - 22nd, Iran - 173rd, Azerbaijan - 81st,
Turkey - 64th, Russia - 140th, Belarus - 150th, Kazakhstan - 67th.
http://www.armradio.am/en/2014/01/14/2014-index-of-economic-freedom-armenia-18th-among-43-countries-in-the-europe-region/