Wednesday, September 27 2017 16:02
Naira Badalian

Armenia rose by 6 points in the rating of competitiveness of the WEF

Armenia rose by 6 points in the rating of competitiveness of the WEF

ArmInfo. Armenia has improved its position in the ranking of competitive countries for a year, having risen from 79th to 73rd place among 137 countries. The Global Competitiveness Report 2017-2018 (Global Competitiveness Index - 2017-2018) was unveiled on September 27 by the World Economic Forum. Sevak Hovhannisyan, a member of the Council of the Research Center "Economics and Values", presenting the document, called the indicators the best for the whole period of research. According to the report, despite the emerging positive dynamics, the economies of the countries of the Eurasian region in these countries grows asynchronously. So, the biggest growth was registered by the Moldovan housekeeper, having risen in the rating by 11 positions - on the 89th line.

It is noted that government reforms, aimed at increasing the transparency and efficiency of the work of the state apparatus, had a positive impact on the indicators in Armenia. At the same time, as a negative factor, a high level of deflation is indicated, which in 1.4% was 1.4% in 2016 (inflation is 0.5-3%).

Of the countries in the region, Iran is on the 69th place, Turkey -53rd, Azerbaijan - by 35th, Georgia took 67th place. Kazakhstan ranks 57th in the ranking, Tajikistan - 79th, Ukraine - 81st, and Kigryzstan - 102th.  Stabilization of macroeconomic conditions allowed Russia to rise in the rating of global competitiveness - if Russia was in 43rd place a year ago, now it has risen by the 38th.

The top 10 most competitive economies in the world are named Switzerland, the United States, Singapore, the Netherlands, Germany, Hong Kong, Sweden, the United Kingdom, Japan and Finland.

Armenia was first included in the World Competitiveness Report in 2005, taking 79th place out of 117 countries. In 2010, the republic dropped to 98th place in the rating of 139 countries, in 2013 it rose to 79th line (from 148 countries), in 2014 the same was recorded decline - 85th among 144 countries in the world, in 2015 - 82 place from 140 countries. And, finally, Armenia took 79th place among 138 countries in the competitiveness rating for 2016-2017, having improved its positions by three points.

Earlier, on July 13, the Armenian government approved the list of measures for 2017-2018, necessary to improve the country's position in the rating. According to the Minister of Economic Development and Investments Suren Karayan, the government has studied the indicators of the previous index, identified shortcomings and areas for which reforms are needed in the coming years. As the Minister pointed out, in particular, 78 gaps in the 10 main areas were diagnosed with gaps and necessary measures to be taken.  "Conducting 36 events will improve Armenia's position in the Global Competitiveness Index," the minister said.

The Global Competitiveness Index is a global study and the accompanying rating of the world's countries in terms of economic competitiveness. Calculated according to the World Economic Forum methodology, based on a combination of publicly available statistics and the results of a global survey of company executives, an extensive annual survey conducted by the World Economic Forum in conjunction with a network of partner organizations - leading research institutions and organizations in countries analyzed in report. The research has been conducted since 2004 and currently represents the most comprehensive set of competitiveness indicators in various countries of the world. The index is made up of 12 terms of competitiveness that detail the competitiveness of the countries of the world at different levels of economic development. This is the "Quality of Institutions", "Infrastructure", "Macroeconomic stability", "Health and primary education", "Higher education and vocational training", "Efficiency of the goods and services market", "Labor market efficiency", "Financial market development" Technological level "," The size of the internal market "," Competitiveness of companies "and" Innovation potential."

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