Source
Central bank

Central Bank of Armenia

International Reserves

USD 2.2 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 11.2 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 28.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
13.2% 13.8% 7% -14.2% 2.2% 4.7% 7.1%
2013 2014 2015 2016* 2017*    
3.3% 3.6% 3% 3.2% 3.4%    

*Estimate

GDP per capita - current prices

USD 3,731.1 (2017, estimate)

GDP per capita - PPP

Intl$ 9,379.3 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
N/A N/A 0.01% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 19.6%
  • industry: 29.1%
  • services: 51.3%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
5.8% 3.0% 3.7% -0.5% 2.5%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
16.2% 17.6% 17.7% 17.9% 18.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
38% 41.4% 46.9% 50.6% 51.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-1.6% -1.9% -4.8% -4.5% -3%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's: B1

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.3 billion (2017 estimate)

Current account balance by percentage of GDP

-3.0% (2017 estimate)

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

29.8% (2015)

Shares in world total merchandising export

0.009% (2015)

Shares in world total commercial services export

0.03% (2015)

Total exports

USD 1.7 billion (2016 estimate)

Export commodities

Pig iron, unwrought copper, nonferrous metals, gold, diamonds, mineral products, foodstuffs, energy

Total imports

USD 2.6 billion (2016 estimate)

 
 
Source
Import commodities

Natural gas, petroleum, tobacco products, foodstuffs, diamonds, pharmaceuticals, cars

Exports - major partners

Russia 15.2%, China 11.1%, Germany 9.8%, Iraq 8.8%, Georgia 7.8%, Canada 7.6%, Bulgaria 5.3%, Iran 5.3% (2015)

Imports - major partners

Russia 29.1%, China 9.7%, Germany 6.2%, Iran 6.1%, Italy 4.6%, Turkey 4.2% (2015)

FDI inflows
2013 2014 2015
USD 380 million USD 404 million USD 181 million
FDI outflows
2013 2014 2015
USD 27 million USD 16 million USD 11 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 0.1 million N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 38 out of 190 countries (2017)

Subcategories:

Starting a business: 9 out of 190 countries

Enforcing Contracts: 28 out of 190 countries

Registering Property: 13 out of 190 countries

Getting credit: 20 out of 190 countries

Protecting investors: 53 out of 190 countries

Trading across border: 48 out of 190 countries

Paying Taxes: 88 out of 190 countries

Dealing with Construction Permits: 81 out of 190 countries

Getting Electricity: 76 out of 190 countries

Resolving Insolvency: 78 out of 190 countries

Global competitiveness ranking

79 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 54 / Score: 66.96 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+4

Total area

29,743 sq km

Capital

Yerevan

Currency

drams (AMD)

Government type

republic

Languages

Armenian (official) 97.9%, Kurdish (spoken by Yezidi minority) 1%, other 1% (2011 est.)

Religions

Armenian Apostolic 92.6%, Evangelical 1%, other 2.4%, none 1.1%, unspecified 2.9% (2011 est.)

Total population
1990 2000 2010 2014* 2019**
N/A 3.221 million 3.263 million 3.294 million 3.327 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
51.3% 66% 65% 63%
Population median age

33.7 years  (2014 est.)

Population growth rate

-0.13% (2014 est.)

Life expectancy

74.12 years (2014 est.)

Adult literacy

99.6% (2011 estimate)

% of population living on less than $2 a day

15.5% (2012)

Inequality of wealth distribution (Gini index)

30.3 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2014)

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

Source
Total telephone subscribers as % of population

Fixed 19.4%   Mobile 112.4%
(2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

46.30% (2013)

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 187th (2014)

CO2 emissions(Metric tons of CO2 per capita)

1.4 (2010)

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2013

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