Below are select highlights for the data included in the profile.
- Armenia is ranked 32nd out of 185 economies in Doing Business 2013, recording an increase of 18 points compared to last year. This overall increase reflects a 73 point increase in the Protecting Investory indicator.
- According to the latest Enterprise Surveys (2009), the top 3 obstacles to running a business in Armenia include Practices of the Informal Sector, Tax Rates, and Political Instability.
- In Armenia, statutory ownership restrictions on foreign capital, as measured by the Investing Across Sectors indicators, exist in a number of key sectors of the economy. Foreign ownership of air transportation companies (domestic and international), for example, is limited to a maximum of 49%. In addition to these restrictions, which can be found in many countries in Eastern Europe and Central Asia, Armenian laws also limit foreign ownership in the airport operation and railway transportation sectors to 40%.
- Armenia’s economic freedom score is 68.8, making its economy the 39th freest in the 2012 Index. Its overall score has decreased by 0.9 point from last year, reflecting worsened scores in freedom from corruption, government spending, and monetary freedom. Armenia is ranked 19th freest among the 43 countries in the Europe region, and its score puts it above the world and regional averages.*
* Source: The Heritage Foundation Index of Economic Freedom, http://www.heritage.org/index/