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Armenia improves positions in Legatum Prosperity Index 2019

27-11-2019, 13:19 Armenia » Economy
Armenia improves positions in Legatum Prosperity Index 2019

27 November 2019, 13:19 - NovostiNK
Armenia surpassed all post-Soviet states in the British analytical institute’s Legatum Prosperity Index 2019 except from the Baltic countries and Georgia, Prime Minister Nikol Pashinyan said on Facebook.

“Armenia is ranked 61st, improving its position by 27 points compared to 2018. Among the regional countries Georgia is 53rd, Russia – 74th, Turkey – 91st, Azerbaijan – 92nd and Iran – 119th. The authors of the Index compare the countries based on 9 criteria – level of economic development, business climate, public administration efficiency, level of education, healthcare, security and personal freedom, as well as social capital and environment development”, the PM stated.

The Legatum Prosperity Index is a framework that assesses countries on the promotion of their residents’ flourishing, reflecting both economic and social wellbeing. It captures the richness of a truly prosperous life, moving beyond traditional macroeconomic measurements of a nation’s prosperity, which rely solely on indicators of wealth such as average income per person (GDP per capita). It redefines the way success is measured, changing the conversation from what we are getting, to who we are becoming. This makes it an authoritative measure of human progress, offering a unique insight into how prosperity is forming and changing across nearly all countries of the world.


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