Yerevan/Mediamax/. Forbes Senior Editor Daniel Fisher included Armenia in the list of 10 countries with “worst economy in the world”.

Mediamax reports that Fisher put Armenia on the second line in the list after Madagascar.

“With a 15% contraction in GDP in 2009 and mediocre growth forecast for the next few years, this landlocked former Soviet republic is struggling to keep up with the rest of the world. Per-capita GDP of $3,000 is less than a third of neighboring Turkey, and with inflation running at 7%, Armenia’s citizens are getting poorer”, Forbes Senior Editor notes.

Besides Armenia and Madagascar, the list of 10 “worst economies in the world” also includes Guinea, Ukraine, Jamaica, Venezuela, Kyrgyzstan, Swaziland, Nicaragua and Iran.