Armenia outpaces several major EU economies in global economic freedom ranking

According to the Washington-based Heritage Foundation think tank’s Index of Economic Freedom, Armenia’s score is 67.1, making its economy the 52nd freest among 176 countries.

Armenia’s Minister of Economy, Gevorg Papoyan, commented on the index.

“With this indicator, the leading countries are Singapore, Switzerland, and Ireland. According to 2025 data, we were 57th with 65.4 points (we improved our position by five places),” the minister wrote on social media.

Armenia ranks ahead of EU member states such as Spain (53rd), Romania (58th), France (65th), Italy (73rd), Greece (75th), and Hungary (79th).