Your trusted source

Armenia has advanced 27 places to 61st on the Legatum Prosperity Index 2019, surpassing all post-Soviet countries, except for the Baltic states and Georgia, Prime Minister Nikol Pashinyan said in a Facebook post.

“Armenia ranks 61st, improving its standing by 27 spots from last year,” he said. “Of the countries in the region, Georgia comes 53rd, Russia – 74th, Turkey – 91st, Azerbaijan – 92nd and Iran – 119th.”

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.