Armenia: Business freedom

The latest value from 2024 is 69 points, an increase from 65 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Armenia from 1996 to 2024 is 71 points. The minimum value, 55 points, was reached in 1996 while the maximum of 88 points was recorded in 2012. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Armenia from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Armenia in the regulatory process.

Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).