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Armenia Takes 81st Spot in Forbes Best Countries for Business List

Armenia has taken the 81st spot in Forbes’ 13th annual look at the Best Countries for Business among 161 countries ranked, The Forbes reports.

The data is based on published reports from Freedom House, Heritage Foundation, Property Rights Alliance, United Nations, Transparency International, World Bank Group, Marsh & McLennan and World Economic Forum.

With a $12 billion GDP, Armenia is nestled between Jamaica and Tunisia.

Neighboring Azerbaijan is placed the 70th, Georgia has the 44th position and is followed by Russia in the 55th, Turkey in the 57th, Kazakhstan in the 65th, Ukraine in the 77th and Belarus in the 88th.


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