Source
Central bank

Central Bank of Armenia

International Reserves

US$ 2.252 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 11 billion (2014 estimate)

GDP (Purchasing Power Parity)

22 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
14% 10.5% 14.1% 13.2% 13.7% 6.9% -14.2 2.2%
2011 2012 2013 2014*        
4.7% 7.1% 3.2% 4.3%        

*Estimate

GDP per capita - current prices

US$ 3,405 (2014 estimate)

GDP per capita - PPP

$6,540 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
N/A N/A 0.01% 0.02% 0.02%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 20.6%
  • industry: 37.3%
  • services: 42.1% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
7.7% 2.5% 5.8% 5.0%

*Estimate

Unemployment rate
2011 2012 2013 2014*
19.0% 19.0% 18.5% 18.0%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
33.7% 35.7% 38.9% 41.9% 42.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-5.0% -2.9% -1.6% -2.5% -2.3%

*Estimate   

Government bond ratings

Standard & Poor's: N/A

Moody's rating: Ba2

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010* 2011 2012**
US$144.8 million US$139.6 million US$132.1 million

*2010 Estimate     **2012 Estimate  

Largest companies in Armenia

N/A

 
 
Source
Current account balance

US$ -802 million (2014 estimate)

Current account balance by percentage of GDP

-7.152% of GDP (2014 estimate)

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

27% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.02% (2012)

(Data were released in 2014)

Total exports

US$1.653 billion (2013 estimate) 

Export commodities

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

Total imports

US$3.459 billion (2013 estimate) 

 
 
Source
Import commodities

natural gas, petroleum, tobacco products, foodstuffs, diamonds

Exports - major partners

Russia 19.6%, Germany 10.7%, Bulgaria 9.1%, Belgium 8.9%, Iran 6.9%, US 6.1%, Canada 6%, Georgia 5.7%, Netherlands 5.6%, Switzerland 5% (2012)

Imports - major partners

Russia 20%, Germany 11%, Bulgaria 9%, Belgium 9%, Iran 6.5%, US 6.1%, Canada 5.9%, Netherlands 5.6%, Georgia 5.6%, Switzerland 5.2% (2012 est.)

FDI inflows
2011 2012 2013
US$ 515 million US$ 489 million US$ 370 million
FDI outflows
2011 2012 2013  
US$ 78 million US$ 16 million US$ 16 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
0 0 0 0
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

(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 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 37 out of 189 countries (2013)

Subcategories:

Starting a business: 6 out of 189 countries

Enforcing Contracts: 112 out of 189 countries

Registering Property: 5 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 22 out of 189 countries

Trading across border: 117 out of 189 countries

Paying Taxes: 103 out of 189 countries

Dealing with Construction Permits: 79 out of 189 countries

Getting Electricity: 109 out of 189 countries

Resolving Insolvency: 76 out of 189 countries

(2013)

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

85

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 41 Score: 68.9 (Moderately Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Total area

29,743 sq km

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  (est. 2014)

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

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)

World's Best Developed & Emerging Markets Banks

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World's Best Banks By Region

World’s Best Foreign Exchange Providers

World's Best Banks

2013

Best of…

World’s Best Trade Finance Banks

Additional Awards