Armenia is the 69 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum.

Competitiveness Rank in Armenia averaged 84.31 from 2007 until 2019, reaching an all time high of 98 in 2011 and a record low of 69 in 2019. This page provides the latest reported value for - Armenia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Armenia Competitiveness Rank - values, historical data and charts - was last updated on August of 2020. source: World Economic Forum

Competitiveness Rank in Armenia is expected to reach 70.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Competitiveness Rank is projected to trend around 70.00 in 2021, according to our econometric models.

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Armenia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
69.00 70.00 98.00 69.00 2007 - 2019 Yearly

Armenia Business Last Previous Highest Lowest Unit
Industrial Production -2.40 -3.90 31.70 -20.90 percent [+]
Industrial Production Mom 6.30 11.90 32.10 -46.10 percent [+]
Manufacturing Production -9.40 -16.20 29.40 -16.20 percent [+]
Leading Economic Index -7.50 -12.80 17.20 -16.30 percent [+]
Internet Speed 5182.66 5738.74 5738.74 295.56 KBps [+]
IP Addresses 297303.00 242616.00 371675.00 4787.00 IP [+]
Mining Production 21.10 27.60 91.00 -29.10 percent [+]
Ease of Doing Business 47.00 41.00 61.00 38.00 [+]
Corruption Index 42.00 35.00 42.00 25.00 Points [+]
Corruption Rank 77.00 105.00 129.00 76.00 [+]
Changes In Inventories 84.80 64921.50 112000.00 -16889.40 AMD Million [+]
Competitiveness Index 61.28 59.86 61.28 3.71 Points [+]
Competitiveness Rank 69.00 70.00 98.00 69.00 [+]


Armenia Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.