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Armenia placed 88th in Legatum Prosperity Index 2018
2018-11-30 13:54:54

Armenia is ranked 88th (up from 91st last year) among 149 countries in the Legatum Prosperity Index 2018 released by the Legatum Institute.

In the Prosperity Pillar rankings, Armenia performs best on Education and Natural Environment and scores lowest on the Social Capital pillar. The biggest positive change, compared to last year, came in Governance increasing by 14 places, whereas they dropped 1 place on Education.

The goal of the Legatum Prosperity Index™ is simple: by illustrating how countries have moved toward or away from prosperity, we want to help identify those pathways that lead from poverty to prosperity.

Armenia’s partners in the Eurasian Economic Union Russia and Kazakhstan are ranked 96th and 73rd respectively. Kyrgyzstan is 78, Belarus is ranked 89th.

Armenia’s neighbors Georgia and Azerbaijan are placed 80th and 99th respectively, Turkey is 93rd, Iran is 108th.

Overall, progress has been positive. Despite a turbulent year in many countries, including divisive elections and terrorist attacks, this year’s Index shows that global prosperity has continued to rise. More countries have seen improvements than those that haven’t, while poorer regions of the world have also advanced. For example, Asia continues its strong improvements in prosperity; and many countries in Sub-Saharan Africa are also progressing, gaining particularly in Business Environment, Governance and Social Capital.