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Your email address will not be published.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

Armenian and Lithuania Primer Ministers Discuss Expansion of Relations and Armenian-EU Cooperation

YEREVAN — Prime Minister Nikol Pashinyan hosted Prime Minister Ingrida Šimonytė of…

UN Agencies and Partners Provided Assistance toOver 17,000 People Following Artsakh War

YEREVAN — As a result of the heaviest fighting since the early…

Khmer Rouge Documentarian Calls for Armenia to Lead Global Genocide Education

PHNOM PENH (Voice of America) — The head of Cambodia’s leading center…

ECRI Calls on Azerbaijan to Stop Hate Speech Against Armenians

STRASBOURG — The European Commission against Racism and Intolerance (ECRI) today published…