YEREVAN — Armenia is ranked 11th out of 165 countries and territories included in the Economic Freedom of the World: 2022 Report released by the Center for Market Education (CME) in conjunction with Canada’s Fraser Institute.

The rating refer to data from the year 2020. Armenia progressed from 40th place in 2016, 39th in 2017, 19th in 2018 and 17th in 2019.

Hong Kong, Singapore and Malaysia top the ranking.

Other countries in the region are ranked as follows: Azerbaijan – 119th, Georgia – 15th, Turkey – 112th, Iran – 159th, Russia – 94th.

The index measures the degree to which the policies and institutions of countries are supportive of economic freedom.

The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately owned property.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Hrag Papazian Appointed Turpanjian Chair in Contemporary Armenian Studies

LOS ANGELES — The Dornsife College of Letters, Arts, and Sciences —…

The AGBU Performing Arts Department to Hold Concert with Armenia-based Band the Bambir

NEW YORK — The AGBU Performing Arts Department is proud to hold…

Madden Library Exhibition to Feature Pioneering Armenian Artist from Istanbul

FRESNO — The Henry Madden Library at Fresno State will present a…

\”The Twenty Hunchakian Martyrs\” Commemorated

PASADENA, CA — As part of Social Democrat Hunchakian Party’s events worldwide,…