Energy Ministry: New owner of Electric Networks of Armenia will be required to reduce commercial losses at least by 2%

Investigation Committee: Valery Permyakov did not act under influence of irresistible impulse when committing family murder

G. Movsesyan: Development of integration processes in railway communication will not involve Armenia unless Abkhaz-Georgian railway is reactivated

Forty-five lifetime prisoners in Armenia demand reconsideration of their cases

Armsol Company fights against nomophobia

Ilham Aliyev responds to Serzh Sargsyan after long silence

Ancient musical instrument dating back to 2nd millennium BC found in Teghout

Constitutional Court Spokesperson: "I will not comment on Levon Zurabyan's marasmic statements"

Armenian Patriarchate in Istanbul attacked

"Summer with VTB" campaign increases noncash turnover with Visa cards of VTB Bank (Armenia) by 70%

Azerbaijan keeps shelling at Karabakh position from heavy artillery

Archaeologists discover a medieval throne room in Armenia

CEC: Only parliamentary parties will receive free airtime for Constitutional Reform agitation and counter- agitation

President of World Armenian Congress weighs establishment of political party to run for parliament in Armenia in 2017

International Organization of La Francophonie adopts Genocide prevention resolution in Yerevan

James Warlick: "We expect meeting of foreign ministers to advance negotiation process"

NKR Defense Army repels a new sabotage attack of Azerbaijan

Serzh Sargsyan: Armenia consistently fulfills its Francophonie commitment to popularizing the French language

Georgia negotiates with Gazprom to increase gas transit to Armenia

Yerevan hosts 31st Session of IOF Ministerial Conference

Gagik Harutyunyan's response to ex-presidents: People will make sober estimate of Constitutional Reforms

Bank VTB Armenia offers free use of Bank-Client system to its state and public non-commercial client organizations

Armenia to have a new air carrier in March 2016

Armenia's Deputy Defense Minister and Minsk Group's French Co-Chair discuss situation in Karabakh conflict zone

Matthew Bryza: Armenia's recognition of Nagorno-Karabakh Republic to suspend Minsk process

Armenia down 6 positions in WEF Global Competitiveness Report 2014-2015

  • by Arthur Yernjakyan

  • Wednesday, September 3, 13:35

Armenia was down 6 positions (from 79 to 85) in the WEF Global Competitiveness Report 2014-2015.


The Global Competitiveness Report 2014 - 2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.


According to the report, the country has weak scores in such pillars as postal infrastructures (134 place).  The country has no access to the sea or ports. A very low share of export in GDP (127), the foreign market size (216), talent development (123), and innovation (121).


The Global Competitiveness Report 's competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2004. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country , GCI scores are calculated by drawing together country-level data covering 12 categories - the pillars of competitiveness - that collectively make up a comprehensive picture of a country's competitiveness. The 12 pillars are:  institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.


The GCR 2013-2014 assessed the competitiveness landscape of 148 countries.

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