Armenia is ranked 66th among 174 countries in the BDO International Business Compass 2015 index.

Other countries in the region are ranked as follows: Georgia 43^rd, Turkey – 57^th, Russia – 100^th, Azerbaijan -65^th and Iran – 163th.

Armenia’s partner in the Eurasian Economic union Belarus is rated 85^th, Kazakhstan and Kyrgyzstan are placed 73^rd and 102^nd respectively.

Switzerland tops the list, followed by Singapore and Hong Kong.

The study covers 174 countries from 6 continents. Countries with less than 150.000 inhabitants as well as Cuba, West Bank, Somalia and Western Sahara are not included. Luxembourg is also excluded due to its special economic structure and its exceptional per capita investment flows.

The BDO International Business Compass measure the attractiveness of a country as a multi-dimensional concept in three dimensions: the economic, politico-legal and socio-cultural conditions.

The BDO International Business Compass measure the attractiveness of a country as a multi-dimensional concept in three dimensions: the economic, politico-legal and socio-cultural conditions. The appeal of a country is associated with its level of development. It is understood as a combination of economic, politico-legal and social factors.