Armenia is ranked 85th in the 2014-2015 Global Competitiveness Index, released by the World Economic Forum. Switzerland is at the top of the chart, followed by Singapore, the USA, Finland and Germany.
The top ten nations are Japan, Hong Kong, the Netherlands, the UK and Sweden.
Armenia’s neighbor, Georgia, is placed 69th, Azerbaijan 38th, Turkey 45th and Russia 53rd.
The ranking methodology is based on 12 main pillars: Institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods and market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
The 2014-2015 Global Competitiveness Report assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide. The Global Competitiveness Report ’s competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2004. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country.
The full index can be accessed here