Armenia is the 69 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Armenia averaged 84.31 from 2007 until 2019, reaching an all time high of 98.00 in 2011 and a record low of 69.00 in 2019. source: World Economic Forum

Related	Last	Previous	Unit	Reference
Changes in Inventories	87641.10	60275.30	AMD Million	Sep 2025
Corruption Index	46.00	47.00	Points	Dec 2025
Corruption Rank	65.00	63.00		Dec 2025
Industrial Production YoY	38.60	31.70	percent	Dec 2025
Industrial Production Mom	25.00	12.80	percent	Dec 2025
Economic Activity YoY	14.00	11.50	percent	Dec 2025
Manufacturing Production	43.30	36.20	percent	Dec 2025
Mining Production	34.90	36.50	percent	Dec 2025

Armenia Competitiveness Rank

The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.