September 30, 2016 - 14:08 AMT
Report: Armenia is less corrupt than Italy, Greece, Spain

Armenia has registered better results in terms of corruption level in the World Economic Forum’s Global Competitiveness Report than a number of European countries.

The findings are based on a WEF survey that interviewed nearly 15,000 business leaders from 141 economies from February to June.

Numerical answers ranging from one to seven are given, with one indicating the most corruption and seven indicating the least.

In the Ethics and Corruption Index, Armenia is ranked the 65th with a score of 3.5, alongside Tunisia, Montenegro, Cyprus, South Korea, Côte d'Ivoire, Latvia and Egypt.

The South Caucasus country has done better than countries such as Spain (74th spot), the Czech Republic (79th), Greece (84th) Italy (87th) and Serbia (96th).

With a total score of 6.4, Singapore tops the list, closely followed by New Zealand and the United Arab Emirates (6.3 points each), while Venezuela (1.7 points) Bolivia and Chad (2 points each) were ranked as the most corrupt countries in the world.

Georgia (39th spot), Turkey (50th), and Azerbaijan (55th) have better results, while Iran lags behind in the 73rd spot.

Russia is the 75th, while the United States has the 30th position.

The Global Competitiveness Report assesses the competitiveness landscape of 138 economies, providing insight into the drivers of their productivity and prosperity.