Statement:
In Peru, startup ecosystem seems to be less developed than in Armenia

In the Startup Ecosystem Index rating Peru holds position #63 ²⁰²² out of 99 and Armenia is #60 out of 99 ²⁰²².
Position of Peru is worse than position of Armenia.

Referencies:

1. Startup Ecosystem Index ²⁰²² by StartupBlink

   The countries in the rating sorted by 'Total Score' in descending order.

   Armenia	'Total Score' value is	2.151
   Peru	'Total Score' value is	2.052