Armenia is located in the southern Caucasus and is the smallest of the former Soviet republics. It is bounded by Georgia on the north, Azerbaijan on the east, Iran on the south, and Turkey on the west. Contemporary Armenia is a fraction of the size of ancient Armenia.Armenia has been populated since prehistoric times, and has been proposed as the site of the Biblical Garden of Eden.Armenia's economy was largely industry-based - chemicals, electronics, machinery, processed food, synthetic rubber, and textile - and highly dependent on outside resources. Agriculture contributed only 20% of net material product and 10% of employment before the breakup of the Soviet Union in 1991. The republic had developed a modern industrial sector.The rank puts Armenia in the category of "Mostly Free" countries, making it the most economically free state in the Commonwealth of Independeent States.

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