Source
Central bank

Central Bank of Armenia

International Reserves

US$ 1.932 billion (Source: IMF; Data updated: 2012)

Source
Gross Domestic Product - GDP

US$ 10.511 billion (2011 estimate)

GDP (Purchasing Power Parity)

18.863 billion of International dollars (2011 estimate)

Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
9.6% 13.2% 14% 10.5% 13.9% 13.2% 13.7% 6.9%
2009 2010 2011 2012*        
-14.2% 2.1% 4.4% 3.8%        

*Estimate

GDP per capita - current prices

US$ 3,123 (2011 estimate)

GDP per capita - PPP

$5,605 International Dollars (2011 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
N/A N/A 0.02% 0.02% 0.02%

**Forecast

 
 
Source
GDP - composition by sector

(Data released on February 2012)

  • agriculture: 17.8% 
  • industry: 37.7% 
  • services: 44.5% (2011 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
3.5%(2008) 7.3% 7.7% 4%

*Estimate

Unemployment rate
2009 2010 2011 2012*
18.7% 19% 19%(2009) 19%

*Estimate

Household saving rates

N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
14.6% 34.1% 33.3% 35.1% 37.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.8% -7.7% -4.9% -2.7% -3.1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Ba2

Moody's outlook: NEG

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$140.5 million US$27.99 million US$43.52 million
Largest companies in Armenia

N/A

 
 
Source
Current account balance

US$ -1.2 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

-11% of GDP (2010 estimate)(2009)

Exports as percent of GDP(Exports of goods and services)

20.6% (2010)

(Data released on April 2012)

Shares in world total merchandising export

0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export

0.02% (2011)(2007)

(Data were released in 2012)

Total exports

US$1.495 billion (2012 estimate) 

Export commodities

pig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy

Total imports

US$3.269 billion (2012 estimate) 

 
 
Source
Import commodities

natural gas, petroleum, tobacco products, foodstuffs, diamonds

Exports - major partners

Russia 15.4%, Germany 13.9%, Iran 9.8%, Bulgaria 9.3%, Netherlands 7.8%, US 7.6%, Spain 7.6%, Canada 5.7%, Belgium 5.5%, Georgia 4.6% (2011)

Imports - major partners

Russia 20%, China 8.1%, Ukraine 6.8%, Iran 6.5%, Germany 5.9%, Italy 4.7% (2011)

FDI inflows
2009 2010 2011
US$778 million US$570 million(2009) US$525 million(2009)
FDI outflows
2009 2010 2011  
US$53 million US$8 million US$78 million  
Value of cross-border M&A;, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A; deals worth over $3 billion completed in 2010(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2011(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project (Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 32 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 11 out of 185 countries(2009)

Enforcing Contracts: 91 out of 185 countries

Registering Property: 4 out of 185 countries

Getting credit: 40 out of 185 countries

Protecting investors: 25 out of 185 countries

Trading across border: 107 out of 185 countries

Paying Taxes: 108 out of 185 countries

Dealing with Construction Permits: 46 out of 185 countries

Getting Electricity: 101 out of 185 countries

Resolving Insolvency: 63 out of 185 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

82

(2012)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 39 Score: 68.8 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

 
 
Source
Total area

29,743 km2 (2006)

Capital

Yerevan (2009)

Currency

drams (AMD) (2009)

Government type

republic (2009)

Languages

Armenian 97.7%, Yezidi 1%, Russian 0.9%, other 0.4% (2001 census)

Religions

Armenian Apostolic 94.7%, other Christian 4%, Yezidi (monotheist with elements of nature worship) 1.3%

Total population
1980 1990 2000 2012* 2017**
N/A N/A 3.22 million 3.37 million 3.54 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
51.3% 66% 65.1% 64.1%
Population median age

32 years (2010)

Population growth rate

0.3% (2011)

Life expectancy

74 years (2010)

Adult literacy

100% (2005/2010)

% of population living on less than $2 a day

12.43% (2011)

Inequality of wealth distribution (Gini index)

30.86 (2008)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Source
Total telephone subscribers as % of population

122.2% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

32% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Yerevan: 167th (2011)

Source
CO2 emissions(Metric tons of CO2 per capita)

1.4561 (Data were released in 2012 and refer to 2009)

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2013

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