Legatum Institute reports on its website that Armenia is 55th in the overall Prosperity Index rankings and adds that since 2010, Armenia has moved up the rankings table by 23 places.

It also reports that Armenia performs most strongly in Investment Environment and Enterprise Conditions but is weakest in Natural Environment and that the biggest improvement compared to a decade ago came in Social Capital.

Based on the ratings, Georgia, Iran and Azerbaijan are 53rd, 120th and 78th, respectively.