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Economy14:16, 12 September 2022

Armenia ranked 11th in Economic Freedom of the World 2022 report

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Armenia ranked 11th in Economic Freedom of the World 2022 report

YEREVAN, SEPTEMBER 12, ARMENPRESS. Armenia is ranked 11th among 165 countries in the Economic Freedom of the World 2022 report by the Canadian think tankFraser Institute.

In 2016 Armenia was 29th, then 27th in 2017, then18thin 2018, 17th in 2019.

Armenia’s rating is 7,84 out of 10. The report is estimating economic freedom by analyzing several indicators, including government spending and taxation.

Hong Kong, Singapore and Switzerland are leading the survey.

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