Armenia is a developing country and ranks 81st on the Human Development Index (2018). Its economy is primarily based on industrial output and mineral extraction. While Armenia is geographically located in the South Caucasus, it is generally considered geopolitically European. Since Armenia aligns itself in many respects geopolitically with Europe, the country is a member of numerous European organizations including the Council of Europe, the Eastern Partnership, Eurocontrol, the Assembly of European Regions, and the European Bank for Reconstruction and Development. Armenia is also a member of certain regional groups throughout Eurasia, including the Asian Development Bank, the Collective Security Treaty Organization, the Eurasian Union, and the Eurasian Development Bank. Armenia supports the ''de facto'' independent Artsakh, which was proclaimed in 1991. Armenia also recognises the Armenian Apostolic Church, the world's oldest National church, as the country's primary religious establishment. The unique Armenian alphabet was created by Mesrop Mashtots in 405 AD.