3058:
5145:
countries (Latvia: 8.6%, Georgia: 7.7%, Azerbaijan: 4.8%), we can see that it is very high. In 2017, the
National Statistical Service of Armenia stated that more than 60% of officially registered unemployed people in Armenia are women. One of the lecturers of Yerevan State University, Ani Kojoyan, mentioned that even though there is no issue in the legislation that becomes a reason for women's unemployment; however, there are some issues that are not mentioned in the legislation. Some of those issues are the fact that potential employers consider women's marital status, how many children they have, or if they are planning to get pregnant any time soon. Moreover, some women are not allowed to work by their husbands after graduating from higher educational institutions. She mentions that the most crucial problem affecting this phenomenon is the fact women do not stand up for their rights. It is also mentioned that according to various sources, there is an inequality in men's and women's monthly wages. In all the sectors, the average monthly salary of men is much higher than women even with the same years of education. It is stated that eliminating the discrimination between two genders would positively impact the country's economy. Ani Kojoyan mentions that this is a crucial problem for the economy except for being a women's rights violation. Thus, the Armenian government should take care that unemployed women can find jobs and become taxpayers.
1326:. In 1992, the Law on the Programme of Privatisation and Decentralisation of Incompletely Constructed Facilities established a state privatisation committee, with members from all political parties. In the middle of 1993, the committee announced a two-year privatisation programme, whose first stage would be privatisation of 30% of state enterprises, mostly services and light industries. The remaining 70%, including many bankrupt, nonfunctional enterprises, were to be privatised in a later stage with a minimum of government restriction, to encourage private initiative. For all enterprises, the workers would receive 20% of their firm's property free of charge; 30% would be distributed to all citizens by means of vouchers; and the remaining 50% was to be distributed by the government, with preference given to members of the labour organisations. A major problem of this system, however, was the lack of supporting legislation covering foreign investment protection, bankruptcy, monopoly policy, and consumer protection.
3298:
3538:
Statistical
Committee. As a consequence, Armenia's foreign trade turnover reached 1.5 trillion drams ($ 2.9 billion), with exports totaling 567.4 billion drams ($ 1.1 billion) and imports being 931.8 billion drams ($ 1.8 billion), resulting in a 364.4 billion drams ($ 695 million) international trade deficit. Foreign trade turnover climbed by 3.9 percent in May 2021,resulting to a 7.9% increase in exports and a minimal 1.5 percent increase in imports. As a consequence, Armenia's international trade deficit in May 2021 was 83.4 billion drams ($ 160 million), decreasing 7.4% from the same month in 2020. (by 21.1 percent ). Foreign trade turnover increased by 13% year over year in May 2020, due to a 30.7 percent increase in exports and a moderate 4.3 percent increase in imports.
1246:
refugees from
Turkish Armenia, disease, hunger and economic misery. About 200,000 people died in 1919 alone. At that point, only American relief efforts saved Armenia from total collapse. Thus, Armenians went from being one of the wealthiest ethnic groups in the region to suffering from poverty and famine. Armenians were the second richest ethnic group in Anatolia after the Greeks, and they were heavily involved in very high productive sectors such as banking, architecture, and trade. However, after the mass killings of Armenian intellectuals in April 1915 and the genocide targeted towards the whole Armenian population left the people and the country in ruins. The genocide was responsible for the loss of many high-quality skills that the Armenians possessed.
1502:
1471:
4668:, warned that Armenia will not reach a higher level of development unless its leadership changes the "oligopolistic" structure of the national economy, bolsters the rule of law and shows "zero tolerance" towards corruption. "I think you can only go so far with this economic model," Ngozi Okonjo-Iweala told a news conference in Yerevan. "Armenia is a lower middle-income country. If it wants to become a high-income or upper middle-income country, it can not do so with this kind of economic structure. That is clear." She also called for a sweeping reform of tax and customs administration, the creation of a "strong and independent judicial system" as well as a tough fight against government corruption. The warning was echoed by the
4263:
3299:
6854:
3365:
3494:". In addition, the authors concluded that the most perspective product groups of Armenian export tend to be "Industrial products", "Food and beverages" and "Consumer goods". On the other hand, the paper "The effects of exchange rate volatility on exports: evidence from Armenia" analyzes the effect of Armenian floating exchange rate regime and exchange rate volatility on Armenian exports to Russia. According to the paper exchange rate volatility has long-run and short-run negative effects on exports. Moreover, authors stated that high exchange rate risk resulted in decreasing exports to Russia.
802:
689:
6846:
4455:
3478:
position as contract manufacturing destination for
European brands. Foreign companies that put orders to Armenian companies are mainly famous European brands, particularly, from Italy (La Perla, SARTIS, VERSACE etc.) and Germany (LEBEK International Fashion, KUBLER Bekliedungswerk). With the Armenia's entry into Eurasian Economic Commission, the opportunity to increase its presence with textile and leather production raised also in the countries of Eurasian Economic Commission as no customs duty applies to Armenian products in the export markets within the customs union.
1318:(CPA) and other groups that had enjoyed privileged position in the old economy. In the late 1980s, much of Armenia's economy already was opening either semi-officially or illegally, with widespread corruption and bribery. The so-called mafia, made up of interconnected groups of powerful officials and their relatives and friends, sabotaged the efforts of reformers to create a lawful market system. When the December 1988 earthquake brought millions of dollars of foreign aid to the devastated regions of Armenia, much of the money went to corrupt and criminal elements.
3303:
2527:
42:
3301:
678:
2879:
2363:
4838:
1274:
underwent a fundamental transformation into a "proletarian" society. Between 1929 and 1939, the percentage of
Armenia's work force categorised as industrial workers grew from 13% to 31%. By 1935 industry supplied 62% of Armenia's economic production. Highly integrated and sheltered within artificial barter economy of the Soviet system from the 1930s until the end of the communist era, the Armenian economy showed few signs of self-sufficiency at any time during that period. In 1988, Armenia produced only 0.9% of the
722:
12366:
4264:
5007:, which borders Iran. Economic analysts say that the project would cost at least $ 1 billion (equivalent to about 40 percent of Armenia's 2008 state budget). As of 2010, the project has been continuously delayed, with the rail link estimated to cost as much as $ 4 billion and stretch 313 km (194 mi). In June 2010, Transport Minister Manuk Vartanian revealed that Yerevan is seeking as much as $ 1 billion in loans from China to finance the railway's construction.
957:
933:
558:
550:
377:
369:
1250:
13169:
4260:
3356:
3295:
3511:
After the 2008 Russian-Georgian conflict, which briefly halted the nation's hydrocarbon supply and exposed the country's energy vulnerabilities, the country has been looking for other energy sources. Tensions with its neighbors, notably
Azerbaijan and Turkey, continue to exist, affecting commerce. Armenia's ties to Russia, as well as its membership in the Eurasian Economic Union, constrain the country's potential to integrate further with the EU.
13544:
13179:
3302:
3542:
3114:
2231:
1981:
846:
835:
3700:
3268:
3008:
2493:
Aimed at the sector's development on
November 15, 2021, the Silicon Mountains Summit dedicated to introducing intelligent solutions in the economy was held in Yerevan. The main topic of the summit was the prospect of digitalization of the economy in Armenia. The main driving force of this sphere in Armenia is the banks. Digital transformation is a necessity for banks and financial institutions. At the moment, ACBA Bank is the leader․
4433:
By signing another document on the same day, USAID increased the aid by additional US$ 7.5 million in support for more competitive and diversified private sector in
Armenia. The financial allocations will be directed to the financing of the USAID-funded project in infrastructures, agriculture, tourism․ After the signing of the new bilateral agreements, the total amount of the U.S. grants to Armenia amounted to around US$ 81 million.
3359:
824:
711:
791:
656:
9500:
5219:
5205:
813:
733:
700:
780:
667:
857:
1034:
1015:
1007:
913:
891:
883:
751:
627:
497:
489:
467:
439:
423:
252:
244:
223:
215:
207:
159:
151:
2424:
11169:
399:
133:
4265:
4425:
sector." The compact includes a $ 67 million to rehabilitate up to 943 kilometers of rural roads, more than a third of
Armenia's proposed "Lifeline road network". The Compact also includes a $ 146 million project to increase the productivity of approximately 250,000 farm households through improved water supply, higher yields, higher-value crops, and a more competitive agricultural sector.
10074:
4266:
9496:
1266:(NEP) of 1921–1927. This policy continued state control of the large enterprises and banks, but peasants could market much of their grain, and small businesses could function. In Armenia, the NEP years brought partial recovery from the economic disaster of the post-World War I period. By 1926 agricultural production in Armenia had reached nearly three-quarters of its prewar level.
1270:
Among other restrictions, peasants now were forced to sell nearly all of their output to state procurement agencies rather than at the open market. From the 1930s through the 1960s, an industrial infrastructure has been constructed. Besides hydroelectric plants and canals, roads were built and gas pipelines were laid to bring fuel and food from
Azerbaijan and Russia.
1314:. To supply the country's basic needs, the first decision was land reform and the privatization of land. This allowed for the emergence of small-parcel agriculture supplying markets and supporting self-sustenance during the period of shortages. Cooperatives were set up in the service sector, particularly in restaurants, although substantial resistance came from the
2523:
macroeconomic stability and an enhanced business environment. In Armenia, the service sector in 2020 reduced volumes by 14.7%, against 15% growth a year earlier, amounting to 1.7 trillion drams ($ 3.5 billion). According to the Statistical Committee, a negative trend was recorded in all service segments except finance, as well as information and communication.
3363:
2406:
2013-2017 reaching to around 14.90% in 2017. By comparing the share of agriculture as a component of GDP with the neighboring countries (Georgia, Azerbaijan, Turkey, Iran) one can notice that the percentage is highest for Armenia. As of 2017 the contribution of agriculture to the GDP for the neighboring countries was 6.88, 5.63, 6.08 and 9.05 respectively.
4267:
3091:, during the first half of 2008, cash remittances sent back to Armenia by Armenians working abroad rose by 57.5 percent and totaled US$ 668.6 million, equivalent to 15 percent of the country's first-half Gross Domestic Product. However, the latter figures only represent cash remittances processed through Armenian commercial banks. According to
4268:
1121:
small-scale agriculture away from the large agroindustrial complexes of the Soviet era. The agricultural sector has long-term needs for more investment and updated technology. Armenia began borrowing soon after declaring independence. In 2000, Armenian governmental debt reached its greatest level relative to GDP (49.3 percent of GDP).
3240:(VAT) of 20%. By comparison, corporate profit tax generated less than 16 percent of the revenues. This suggests that tax collection in Armenia is improving at the expense of ordinary citizens, rather than wealthy citizens (who have been the main beneficiaries of Armenia's double-digit economic growth in recent years).
1294:
the international trading system of the Soviet Union, the Armenian economy of the early 1990s remained far below its 1980 production levels. In the first years of independence (1992–93), inflation was extremely high, productivity and national income dropped dramatically, and the national budget ran large deficits.
5019:; the rail link with Iran through the Azeri exclave of Nakhichevan; and a natural gas and oil pipeline with Azerbaijan. Also closed are road links with Turkey and Azerbaijan. Despite the economic blockade of Turkey on Armenia, every day dozens of Turkish trucks laden with goods enter Armenia through Georgia.
3507:
total imports of Armenia, followed by Refined Petroleum, which account for 5.46%. Armenia's main imports are oil, natural gas, cereals, rubber manufactures, cork and wood, and electrical machinery. Armenia's main imports partners are Russia, China, Ukraine, Iran, Germany, Italy, Turkey, France and Japan.
8812:
3300:
6765:
5084:
reported that in 2020, the unemployment rate has been volatile reaching to 19.8% during the first quarter of the year and then decreasing to 16% during the fourth quarter. According to the latest reports on population of Armenia, in December 2020 the population consisted of 2.96million people and the
4917:
process more than 90 percent of freight shipped to and from landlocked Armenia. The Georgian railway, which runs through the town of Gori in central Georgia, is the main transport link between Armenia and the aforementioned Georgian seaports. Fuel, wheat and other basic commodities are transported to
4491:
Following the advice of economic advisers who cautioned Armenia's leadership against the consolidation of economic power in the hands of a few, in January 2001 the government of Armenia established the State Commission for the Protection of Economic Competition. Its members cannot be dismissed by the
4432:
On May 8, 2019, conditioned with the political events in Armenia since April 2018, United States Agency for International Development signed an extension of US–Armenia bilateral agreement in the area of governance and public administration, which would add additional US$ 8.5 million to the agreement.
3628:
Armenia's trade with Iran grew significantly from 2015 and 2020. Because Armenia's land borders to the east and west have been closed by the governments of Turkey and Azerbaijan, domestic firms have looked to Iran as a key economic partner. In 2020, trade between the countries exceeded $ 300 million.
3367:
2543:
Nowadays(2019), Armenia has improved standards of living and growing income, which brought to the improvement of retail sector in Armenia. retail sector has the highest employment level. While the sector improves, currently the major sector is still in Yerevan, and not in the other cities of Armenia.
2539:
In 2010, retail trade turnover was largely unaltered compared to 2009. The existing monopolies throughout the retail sector have made the sector non-responsive to the crisis and resulted in near zero growth. The aftermath of the crisis has started to shift the structure in the retail sector in favor
1269:
By the end of the 1920s, Stalin's regime had revoked the NEP and re-established the centralised state monopoly on all economic activity. Once this occurred, the main goal of the Soviet economic policy in Armenia was to turn a predominantly agrarian and rural republic into an industrial and urban one.
4680:
Since 2000 the Russian state has acquired several key assets in the energy sector and Soviet-era industrial plants. Property-for-debt or equity-for-debt swaps (acquiring ownership by simply writing off the Armenian government's debts to Russia) are usually the method of acquiring assets. The failure
4480:
Since transition of power to new leadership in 2018 Armenian government works on improving domestic business environment. Numerous formerly privileged business are now required to pay taxes and officially register all workers. Mainly due to this there were 9.7% more payroll employees registered in
3506:
In 2017 Armenia imported $ 3.96B, making it the 133rd largest importer in the world. During the last five years the imports of Armenia have decreased at an annualized rate of -1.2%, from $ 3.82B in 2012 to $ 3.96B in 2017. The most recent imports are led by Petroleum Gas which represent 8.21% of the
3179:
In Armenia's external debt ($ 5.5 billion as of January 1, 2018), the arrears for multi-country credit programs dominate – 66.2% or $ 3.6 billion, followed by debt on bilateral loan programs - 17.5% or $ 958.9 million and investments of non-residents in Armenian Eurobonds – 15,4% or $ 844.9 million.
3140:
in Armenia was dependent on them making a complementary effort to fill the gap in the financial services sector. Its primary goal was to deal with the rising unemployment and poverty brought on by transitory shock. In this context, self-employment in the country emerged as one of the best options to
2959:
The amount of interest paid on the public debt rose significantly (from AMD 11 billion in 2008 to AMD 46.5 billion in 2013), as did the amount of principle repayments (from annual repayments of US$ 15–16 million in 2005-2008 exceeding US$ 150 million in 2013). This is a significant financial load on
2504:
Industrial output was relatively positive throughout 2010, with year-on-year average growth of 10.9 percent in the period January to September 2010, due largely to the mining sector where higher global demand for commodities led to higher prices. According to the National Statistical Service, during
2405:
by the Armenian government (per WTO requirements). In addition, the share of agriculture in Armenia's GDP hovered around 17.9% until 2012 according to the World Bank. Then already in 2013 the share of it was a bit higher comprising 18.43%. Afterwards a declining trend was registered in the period of
1423:
By 1994, however, the Armenian government had launched an ambitious IMF-sponsored economic liberalization program that resulted in positive growth rates in 1995–2005. The economic growth of Armenia expressed in GDP per capita was one of strongest in the CIS. GDP went from $ 350 to more than $ 800 on
1297:
A period of chronic shortages, was the first stage of price deregulation, which allowed goods to stay in Armenia as opposed to being exported for better prices; the inflation rates were 10 percent in 1990, 100 percent in 1991, and 642.5 percent during the first four months of 1992, compared with the
1285:
Armenia's industry was especially dependent on the Soviet military-industrial complex. About 40% of all enterprises in the republic were devoted to defense, and some factories lost 60% to 80% of their business in the last years of the Soviet Union, when massive cuts were made in the national defense
6192:
3537:
Armenia's foreign trade turnover increased by 11.6 percent in January–May 2021, compared to an 11.2 percent decline a year earlier, owing to a reversal of the y-o-y dynamics of exports and imports from 8.1 to 12.8 percent decline to 20.8-6.7 percent growth, according to preliminary data from the RA
3243:
VAT (Value Added Tax): In Armenia, VAT-paying individuals subtract the VAT paid on their inputs from the VAT levied on their sales and account to the tax authorities for the difference. The standard rate of VAT on domestic sales of goods and services, as well as imports importation, is 20%. Exports
1273:
The Stalinist command economy, in which market forces were suppressed and all orders for production and distribution came from the state authorities, survived in all its essential features until the fall of the Soviet regime in 1991. In the early stages of the communist economic revolution, Armenia
5164:
For Armenians another feature of migration was an increase in a variety of threats. The journey itself was extremely dangerous. To pay their way, may departing migrants took out loans failed, the whole family's future was put at a risk. As a consequence, the practice of delaying or refusing to pay
4428:
In 2010 the volume of US assistance to Armenia remained near 2009 levels; however, longer-term decline continued. The original Millennium Challenge Account commitment for $ 235 million had been reduced to about $ 175 million due to Armenia's poor governance record. Thus, the MCC would not complete
3517:
In 2018 the country's structural trade imbalance was predicted to be 15.7 percent of GDP (World Bank). According to World Trade Organization data, Armenia exported commodities worth US$ 2.4 billion in 2018, up 7% from the previous year, and imported goods worth US$ 4.9 billion, up 18%. In terms of
3510:
The European Union (28.7% of total exports), Russia (26.9%), Switzerland (14.1%), and Iraq (14.1%) are Armenia's largest export partners (6.3 percent ). The Russian Federation is the most important import partner (26.2%), followed by the EU (22.6%), China (13.8%), and Iran (13.8%). (5.6 percent ).
3083:
Net private transfers decreased in 2009, but saw a continuous increase during the first six months of 2010. Since private transfers from the Diaspora tend to be mostly injected into consumption of imports and not in high value-added sectors, the transfers have not resulted in sizeable increases in
1293:
In 1991, Armenia's last year as a Soviet republic, national income fell 12% from the previous year, while per capita gross national product was 4,920 rubles, only 68% of the Soviet average. In large part due to the earthquake of 1988, the Azerbaijani blockade that began in 1989 and the collapse of
4441:
According to the agreement signed in 2020 EU will provide Armenia with 65 million euros for implementation of three programs in such areas as energy efficiency, environment and community development and formation of tools for implementation of the Comprehensive and Enhanced Partnership Agreement.
3577:
In 2010 EU countries accounted for 32.1 percent of Armenia's foreign trade. Germany is Armenia's largest trading partner among EU member states, accounting for 7.2 percent of trade; this is due largely to mining exports. Armenian exports to EU countries have skyrocketed by 65.9 percent, making up
1382:
has not been resolved. The consequent blockade along both the Azerbaijani and Turkish borders has devastated the economy, because of Armenia's dependence on outside supplies of energy and most raw materials. Land routes through Azerbaijan and Turkey are closed; routes through Georgia and Iran are
1289:
The economic downturn that began in 1989 worsened dramatically in 1992. According to statistics, the GDP declined by 37.5 percent in 1991 compared to 1990, and all sectors contributing to the GDP decreased in production. The collapse of industry in favor of agriculture, whose products were mostly
4798:
government (in office until 2008) say that the Armenian administration never considered alternative ways of settling the Russian debts. According to economist Eduard Aghajanov, Armenia could have repaid them with low-interest loans from other, presumably Western sources, or with some of its hard
3619:
As of early 2011 trade with China is dominated by imports of Chinese goods and accounts for about 10 percent of Armenia's foreign trade. The volume of Chinese-Armenian trade soared by 55 percent to $ 390 million in January–November 2010. Armenian exports to China, though still modest in absolute
3227:
From January 1, 2020, the republic will abandon two alternative tax systems - self-employed and family entrepreneurship. They will be replaced by micro-entrepreneurship with a non-taxable threshold of up to 24 million drams. Business entities that carry out specialized activities, in particular,
3124:
The central bank has set additional capital buffers in the banking sector. In force since April 2019, the regulator set three buffers exceeding the current capital adequacy requirement compliant with the Basel III regulation: a capital conservation buffer, a counter-cyclical capital buffer and a
2492:
The digital economy is a branch of the economy based on digital computing technologies. The digital economy is sometimes referred to as the Internet economy or the web economy. The digital economy is often intertwined with the traditional economy, making it difficult to distinguish between them.
5153:
Since gaining independence in 1991, hundreds of thousands of Armenia's residents have gone abroad, mainly to Russia, in search of work. Unemployment has been the major cause of this massive labor emigration. OSCE experts estimate that between 116,000 and 147,000 people left Armenia for economic
4975:
serves as Armenia's sole overland route to the former Soviet Union and Europe. It was controversially shut down by the Russian authorities in June 2006, at the height of a Russian-Georgian spy scandal. Upper Lars is the only land border crossing that does not go through Georgia's Russian-backed
4799:
currency reserves which then totaled about $ 450 million. Furthermore, Aghajanov points to the Armenian government's failure to eliminate widespread corruption and mismanagement in the energy sector – abuses that cost Armenia at least $ 50 million in losses each year, according to one estimate.
4424:
On March 27, 2006, the Millennium Challenge Corporation signed a five-year, $ 235.65 million compact with the Government of Armenia. The single stated goal of the "Armenian Compact" is "the reduction of rural poverty through a sustainable increase in the economic performance of the agricultural
3183:
For the whole Armenian economy and international commerce, 2020 was a year of decline. In a variety of areas Armenian commodities are being exported and imported at a lower rate. According to the Armenian Statistical Committee, Armenia exported goods worth $ 2.544 billion in 2020, a fall of 3.9
2522:
was the driving force behind Armenia's recent high economic growth rate. Between 2017 and 2019, Armenia's economy increased fast, with annual rate of GDP growth averaging 6.8 percent. Following the political realignment of 2018, prudent macroeconomic policy helped develop a track record of
2453:
Armenia experienced a construction boom during the latter part of the 2000s. According to the National Statistical Service, Armenia's booming construction sector generated about 20 percent of Armenia's GDP during the first eight months of 2007. According to a World Bank official, 30 percent of
1120:
Under the old Soviet central planning system, Armenia had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Since the implosion of the USSR in December 1991, Armenia has switched to
10928:
5380:
5144:
Worldwide, women's unemployment rate is 6%, higher than men's by about 0.8 points. According to International Labor Organization, Armenia has the highest women's unemployment rate in post-Soviet countries, equaling 17.3% for women above 25. If we compare this rate with those of the neighboring
3098:
In 2007 cash remittances through bank transfers rose by 37 percent to a record-high level of US$ 1.32 billion. According to the Central Bank of Armenia, in 2005, cash remittances from Armenians working abroad reached a record-high level of $ 1 billion, which is worth more than one fifth of the
1245:
of about 1.5 million Armenian inhabitants in their own homeland which caused total property and financial collapse when all of their assets and belongings were forcibly taken away by the Turks, the consequences of which after 105 years to this day remain incalculable, revolution, the influx of
4504:
The “Alliance” FEZ was opened in August 2013, and currently has nine businesses taking advantage of its facilities. The focus of “Alliance” FEZ is on high-tech industries which include information and communication technologies, electronics, pharmaceuticals and biotechnology, architecture and
3497:
According to most recent (2019 Jan-Feb compared to 2018 Jan-Feb) ArmStat calculations, biggest growth in export quantities was measured towards Turkmenistan by 23.6 times (from $ 37K to $ 912K), Estonia by 15 times (from $ 8.4K to $ 136.5K) and Canada by 11.5 times (from $ 623K to $ 7.8 mln).
3477:
Geographical location of the country and relatively low electricity costs are comparative advantages supporting to boost the production of the textile and leather products in Armenia. Proximity to Europe in comparison with manufacturers in East Asia creates opportunity to strengthen Armenia's
3629:
The number of Iranian tourists has risen in recent years, with an estimated 80,000 Iranian tourists in 2010. In January 2021, Iran's finance minister Farhad Dejpasand said that trade between the two countries could reach $ 1 billion annually as Iran looks to become a regional economic force.
2982:
Armenia revised the country's fiscal rules in 2018, setting a permissible threshold for public debt in the amount of 40, 50 and 60% of GDP. At the same time, it established that in case of force majeure situations such as natural disasters, wars, the government will be allowed to exceed this
2461:
is an indication of the unsustainability of a sector based on an elite market, with few products for the median or low budgets. This decrease comes despite the fact that an important component of the government stimulus package was to support the completion of ongoing construction projects.
9208:
3218:
The reform adopted in June 2019 aims to boost medium-term economic activity and to increase tax compliance. Among other measures, the corporate income tax was reduced by two percentage points to 18.0 per cent and the tax on dividends for non-resident organisations halved to 5.0 per cent.
4269:
3533:
The current account deficit represented 2.4 percent of GDP in 2017 and increased up to 8.1 percent of GDP during the first three quarters of 2018. This was a result of about 8 percent increase in goods export and 21 percent increase on goods import in nominal terms year on year in 2018.
1424:
average between 1995 and 2003. Three principal factors explain this result: the credibility of the macroeconomic policies of stabilization, the correction effect following the depression, and the importance of external transfers, in particular since 2000. Armenia became a member of the
1144:
of the former Soviet Union contributed to a severe economic decline in the early 1990s. Political instability and the threat of war placed a significant strain on economic development. Despite robust growth in recent years, the problem of geopolitical uncertainty resurfaced during the
3372:
3649:
The volume of Georgian–Armenian trade remains modest in both relative and absolute terms. According to official Armenian statistics it rose by 11 percent to $ 91.6 million in January–November 2010. The figure was equivalent to just over 2 percent of Armenia's overall foreign trade.
3607:
was $ 205.6 million (double the amount from the same period the previous year), making them the country's number one trading partner. During the first 11 months of 2006, the volume of Armenia's trade with Russia was $ 376.8 million or 13.2 percent of the total commercial exchange.
4618:
Various basic foodstuffs such as rice, sugar, wheat, cooking oil and butter (the Salex Group enjoys a de facto monopoly on imports of wheat, sugar, flour, butter and cooking oil. Its owner was a parliament deputy Samvel Aleksanian (a.k.a. "Lfik Samo") and close to the country's
1257:
The first Soviet Armenian government regulated economic activity stringently, nationalizing all economic enterprises, requisitioning grain from peasants, and suppressing most private market activity. This first experiment of state control ended with the advent of Soviet leader
3071:
Cash remittances from Armenians working abroad — mostly in Russia and the United States — contribute significantly to Armenia's Gross Domestic Product making up 14% of GDP in 2018. They help Armenia sustain double-digit economic growth and finance its massive trade deficit.
1286:
expenditures. As the republic's economy faced the prospects of competing in world markets in the mid-1990s, the great liabilities of Armenia's industry were its outdated equipment and infrastructure and the pollution emitted by many of the country's heavy industrial plants.
4906:. However, the rail link between Abkhazia and other Georgian regions has been closed for a number of years, forcing Armenia to receive rail cars laden with cargo only through the relatively expensive rail-ferry services operating between Georgian and other Black Sea ports.
2548:
there is a new mall opened called Shirak Mall. Another reason for the development of the retail is the development that happened in the banking industry. Today people can easily get financial assistance from the banks right to their credit cards, without visiting the bank.
3175:
According to the National Statistical Service, Armenia's government debt stood at AMD 3.1 trillion (about $ 6,4 billion, including $ 5,1 billion of external debt) as of November 30, 2017. Armenia's debt-to-GDP ratio will drop by 1% in 2018 according to finance minister.
4270:
3368:
2563:
As of February 2019 nearly 23 thousand employees were counted in ICT sector. With 404 thousand AMD they enjoyed highest pay rate among surveyed sectors of economy. Average salaries in pure IT sector (excluding communications sub-sector) stood at 582 thousand AMD.
3048:
The inflation rate in Armenia in 2020 was 1.21 percent, a 0.23 percent decrease over 2019, in 2019 was 1.44 percent, a 1.08 percent decrease over 2018, in 2018 was 2.52 percent, up 1.55 percent from 2017 and in 2017 was 0.97 percent, a 2.37 percent rise from 2016.
1491:
The economy of Armenia had grown by 7.5% in 2017 and reached a nominal GDP of $ 11.5 billion per annum, while per capita figure grew by 10.1% and reached $ 3880. With 7.29% Armenia was second best in GDP per capita growth terms in Europe and Central Asia in 2017.
1415:
800 million. These loans are targeted at reducing the budget deficit, stabilizing the local currency; developing private businesses; energy; the agriculture, food processing, transportation, and health and education sectors; and ongoing rehabilitation work in the
3470:
According to the National Statistical Committee, in 2018, exports amounted to $ 2.411.9 billion, having grown by 7.8% from the previous year. After a boom of almost 93% in 2022, the IMF expects exports of goods and services to grow by 22% in 2023 and 8% in 2024.
8808:
4445:
With curtailment of the MCC funding, the European Union may replace the US as Armenia's chief source of foreign aid for the first time since independence. From 2011 to 2013 the EU is expected to advance at least €157.3 million ($ 208 million) in aid to Armenia.
6757:
4271:
3360:
6188:
4273:
3370:
4814:
While Armenia is not the only ex-Soviet state that has incurred multi-million-dollar debts to Russia over the past decades, it is the only state to have so far given up such a large share of its economic infrastructure to Russia. For example, pro-Western
3658:
In 2019 the volume of bilateral trade with Turkey was about $ 255 million, with trade taking place across Georgian territory. This figure is not expected to increase significantly so long as the land border between the Armenia and Turkey remains closed.
4802:
Political observers say that Armenia's economic cooperation with Russia has been one of the least transparent areas of the Armenian government's work. The debt arrangements have been personally negotiated by (then) Defense Minister (and later President)
3362:
3057:
10924:
3637:
From January to September 2010, bilateral trade with the United States was about $ 150 million, on track for about a 30 percent increase over 2009. An increase in Armenia's exports to the US in 2009 and 2010 has been due to shipments of aluminum foil.
1329:
In the first post-communist years, efforts to interest foreign investors in joint enterprises were only moderately successful because of the blockade and the energy shortage. Only in late 1993 was a department of foreign investment established in the
4279:
4500:
In June 2011 Armenia adopted a Law on Free Economic Zones (FEZ), and developed several key regulations at the end of 2011 to attract foreign investments into FEZs: exemptions from VAT (value added tax), profit tax, customs duties, and property tax.
4272:
9198:
1278:
of the Soviet Union (1.2% of industry, 0.7% of agriculture). The republic retained 1.4% of total state budget revenue, delivered 63.7% of its NMP to other republics, and exported only 1.4% of what it produced to markets outside the Soviet Union.
2509:
was the single largest contributor to the country's GDP, but remained largely stagnant with industrial output increasing only by 1.7 percent per year. In 2005, Armenia's industrial output (including electricity) made up about 30 percent of GDP.
1321:
Beginning in 1991, the democratically elected government pushed vigorously for privatisation and market relations, although its efforts were frustrated by the old ways of doing business in Armenia, the Azerbaijani blockade, and the costs of the
2544:
The development that happened in this sector was the opening of Dalma Garden Mall, and later Yerevan mall, Rio mall and Rossia mall, which dramatically increased the quality of retail in Yerevan. Currently there is a new development, as in
5165:
part or all of a migrant workers wages has become common. The risks were also heightened by many emigrants failure. This type of migration inherited almost all of the negative characteristics that described pre-transition labor migration.
3371:
2446:
Real estate transactions count grew by 36% in September 2019 compared to September 2018. Also, the average market value of one square meter of housing in apartment buildings in Yerevan in September 2019 grew by 10.8% from September 2018.
4274:
3521:
The global economic crisis has had less impact on imports because the sector is more diversified than exports. In the first nine months of 2010, imports grew about 19 percent, just about equal to the decline of the same sector in 2009.
4508:
In 2015 another “Meridian” FEZ, focused on jewelry production, watch-making, and diamond-cutting opened in Yerevan, with six businesses operating in it. The investment programs for these companies must still be approved by government.
4702:
On November 5, 2002, Armenia transferred control of 5 state enterprises to Russia in an assets-for-debts transaction which settled $ 100 million of Armenian state debts to Russia. The document was signed for Russia by Prime Minister
9109:
1428:(WTO) in January 2003. Armenia also has managed to slash inflation, stabilize its currency, and privatize most small- and medium-sized enterprises. Armenia's unemployment rate, however, remains high, despite strong economic growth.
1334:, to spread information about Armenia's investment opportunities and improve the legal infrastructure for investment activity. A specific goal of this agency was creating a market for scientific and technical intellectual property.
1337:
A few Armenians living abroad made large-scale investments. Besides a toy factory and construction projects, diaspora Armenians built a cold storage plant (which in its first years had little produce to store) and established the
3489:
approach. The study explored Armenia's trade flows to 139 countries for the period of 2003 to 2007. According to the results of the paper, the authors concluded that "Armenia has exceeded its export potential almost with all the
1092:
and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's
7642:
5096:
publication based on data retrieved from employers and national income service cites 560,586 payroll positions in January 2019, an increase of 9.9% against previous year. This however does not match survey data published by the
3125:
systemic risk buffer. Full implementation of the buffers over the course of the next few years will strengthen the financial sector's resistance to economic shocks and help increase the efficiency of macroprudential policies.
1394:
Armenia has registered strong economic growth since 1995 and inflation has been negligible for the past several years. New sectors, such as precious stone processing and jewelry making and communication technology (primarily
4505:
engineering, industrial design and alternative energy. In 2014, the government expanded operations in the Alliance FEZ to include industrial production as long as there is no similar production already occurring in Armenia.
1369:
and the breakdown of former Soviet trading patterns. Soviet investment in and support of Armenian industry has virtually disappeared, so that few major enterprises are still able to function. In addition, the effects of the
8548:
4755:
from 45% to 58% by approving an additional issue of shares worth $ 119 million. This left the Armenian government with a 32% stake in ArmRosGazprom. The transaction will also help finance ArmRosGazprom's acquisition of the
6055:
2986:
The debt rose by $ 863.5 million in 2016 and by another $ 832.5 million in 2017. It totalled just $ 1.9 billion before the 2008-2009 (13.5% of GDP) global financial crisis that plunged the county into a severe recession.
3585:
totaled $ 200 million. During the first 11 months of 2006, the European Union remained Armenia's largest trading partner, accounting for 34.4 percent of its $ 2.85 billion commercial exchange during the 11-month period.
3075:
In 2008 transfers reached record high of $ 2.3 billion. In 2015 they reached 10-year low at $ 1.6 billion. In 2018, they run at round $ 1.8 billion. $ 0.8 billion were transferred in first half of 2019. According to
3369:
5168:
During the workshop, participants addressed the increasing importance of migration as a growth factor, as well as the significance of SDG Target 10.7 on anticipated and well-managed migration policies for Armenia.
5154:
reasons between 2002 and 2004, with two-thirds of them returning home by February 2005. According to estimates by the National Statistical Survey, the rate of labor emigration was twice as higher in 2001 and 2002.
5112:
The unemployment rate increased to 19% in 2018 before dropping to 18.3% in 2019 and 18.2% in 2020, having remained basically unchanged since 2009. At the same time, an estimated 60% of workers were employed in the
1353:
in September. A year later, the government complained that those organisations were holding back financial assistance and announced its intention to move toward fuller price liberalisation, and the removal of all
3228:
accounting, advocacy, and consulting will not be considered as micro-business entities. Micro business will be exempted from all types of taxes other than income tax, which will be 5 thousand drams per employee.
7510:
5117:
in 2019. The strong economic growth of 2021 and 2022 led to a significant drop in unemployment to 15.3% and 13% respectively, causing a substantial reduction in the proportion of the population living below the
3209:
From January 1, 2020, Armenia will switch to a flat income taxation system, which, regardless of the amount will tax wages at 23%. Moreover, until 2023 the taxation rate will gradually decrease from 23% to 20%.
3361:
4275:
2400:
Armenia's agricultural output dropped by 17.9 percent in the period of January–September 2010. This was owing to bad weather, a lack of a government stimulus package, and the continuing effects of decreased
2966:
After reaching nearly 60.0 per cent of GDP, the public debt to GDP ratio decreased by approximately three percentage points in 2018 compared with a year before and stood at 55.7 per cent at the end of 2018.
1077:. In contrast it grew by 7.6 per cent in 2019, the largest recorded growth since 2007, while between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled.
612:, metal-cutting machine tools, forging and pressing machines, electric motors, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry, software, food processing
9722:
9657:
1069:, or $ 19.5 billion. At the same time, Armenia's foreign trade turnover significantly accelerated in growth from 17.7% in 2021 to 68.6% in 2022. GDP contracted sharply in 2020 by 7.2%, mainly due to the
3184:
percent from 2019. Armenia imported items worth 4.559 billion dollars in 2020, down 17.7% from the previous year.The volume of Armenia's international trade has varied throughout the previous 10 years.
2409:
In 2022, the industry with the highest number of companies registered in Armenia is Services with 1,907 companies followed by Wholesale Trade and Manufacturing with 510 and 408 companies respectively.
9627:
5822:
9302:
8848:
5003:
As of October 2008 the Armenian government was considering implementing an ambitious project to build a railway to Iran. The 400 kilometer railway would pass through Armenia's mountainous southern
3600:
Bilateral trade with Russia stood at more than $ 700 million for the first nine months of 2010 – on track to rebound to $ 1 billion mark first reached in 2008 prior to the global economic crisis.
3364:
5101:, according to which in 4th quarter of 2018 there were 870.1 thousand persons employed against 896.7 thousand employed persons in 4th quarter of 2017. The mismatch was highlighted by former PM
3366:
2963:
In 2019, the Armenian government planned to obtain about $ 490 million in fresh loans rising public debt to about $ 7.5 billion. Just over $ 6.9 billion of that would be the government's debt.
8370:
11072:
5109:
survey counted 915.5 thousand employed persons, an increase of 1.4% against previous year. In the same period unemployment rate of economically active population dropped from 20.8% to 20.4%.
8073:
11018:
9101:
10091:
3825:
was the main source of FDI in 2017. Moreover, combined net FDI from all other sources was negative, indicating capital outflow. The tax haven Jersey is home to an Anglo-American company,
9988:
4732:
three research-and-production enterprises — for mathematical machines, for the study of materials, and for automated control equipment — these being Soviet-era military-industrial plants
11321:
8581:
8516:
7646:
6884:
3474:
The goods export structure changed considerably in 2018 as the export of the traditional mining sector decreased while the share of textiles, agriculture and precious metals increased.
3095:, comparable sums are believed to be transferred through non-bank systems, implying that cash remittances make up approximately 30 percent of Armenia's GDP in the first half of 2008.
10586:
10560:
10356:
10335:
10314:
10247:
10226:
10191:
9357:
8786:
8539:
8487:
8459:
5325:
5072:
It is estimated that wages rise at 0.8% for each additional year of experience and "the ability to solve problems and learn new skills yields a wage premium of nearly 20 percent".
1411:, as well as other international financial institutions (IFIs) and foreign countries are extending considerable grants and loans. Total loans extended to Armenia since 1993 exceed
447:
6051:
9816:
4811:, had little say on the issue. Furthermore, all of the controversial agreements have been announced after Sarkisian's frequent trips to Moscow, without prior public discussion.
1399:, which is left from the USSR era and is owned by external investors). This steady economic progress has earned Armenia increasing support from international institutions. The
4689:
4276:
9958:
5718:
4600:
Oil import and distribution (claimed by Armenian opposition parties to belonging to a handful of government-linked individuals, one of which – "Mika Limited" – is owned by
4249:
During the sector consolidation process in 2014–2017 the share of foreign capital in the authorized capital of the Armenian commercial banks decreased from 74,6% to 61,8%.
4484:
In April 2019 Armenian parliament approved reforms of management of joint stock companies effectively enacting a blocking minority shareholders stake of 25% to cope with
4740:
signed an investment cooperation agreement, under which United Company RUSAL (which already owned a 76% stake) acquired the Armenian government's remaining 26% share of
3559:
2279:
9449:
7502:
7291:
4278:
1298:
first four months of 1991. Thus, there were two opposing dynamics: price increases in response to shortages and falling incomes due to the recession and unemployment.
6282:
2924:
Despite internal and external problems, the number of incoming tourists has been continually increasing. 2018 saw a record high of over 1.6 million inbound tourists.
11361:
7055:
5295:
4635:". "The result is the prices with us do not drop even if they do on international market, or they do quite belated and not to the size of the international market."
8168:
4277:
10642:
9714:
11446:
11441:
11436:
11431:
11426:
11421:
11416:
11411:
11406:
11401:
11396:
11391:
11386:
10681:
7643:"Թվային տնտեսություն, թվային հաշվիչ տեխնոլոգիաների վրա հիմնված տնտեսություն։ Թվային տնտեսությունը երբեմն անվանում են համացանցային տնտեսություն, նոր տնտեսություն"
9649:
4601:
6341:
3667:
Foreign direct investment (FDI) into Armenia decreased by US$ 2.7 million in December 2020, compared to a reduction of US$ 10.3 million the previous quarter.
9619:
5814:
4873:
Yerevan Central Bus Station, also known as Kilikia Bus Station, is Yerevan's primary bus terminal, linking buses to both domestic and foreign destinations.
4102:
By the end of 2017 stock net FDI (for the period 1988–2017) reached 1824 billion AMD, while gross flow of FDI for the same period reached 3869 billion AMD.
8837:
8254:
7025:
9294:
5129:
World Bank research also reveals that employment rate fell in years 2000–2015 in middle- and low-skill occupations, while it grew high-skill occupations.
2931:
amounted to $ 1.2 billion, nearly twice the value for 2010. In per capita terms these stood at $ 413, ahead of Turkey and Azerbaijan, but behind Georgia.
6824:
1362:
informed the United States officials in the fall of 1993 that plans had been made to embark on a renewed privatisation programme by the end of the year.
3578:
more than half of all 2010 January to September exports. Imports from EU countries increased by 17.1 percent, constituting 22.5 percent of all imports.
14186:
11216:
9053:
7888:
4924:
4414:
2262:
The Armenian economy performed poorly in 2020, and contracted by 7.2% after years of consecutive growth. The two biggest contributing factors were the
1431:
The chronic energy shortages Armenia suffered in the early and mid-1990s have been offset by the energy supplied by one of its nuclear power plants at
95:
91:
10744:
8756:
5022:
In 2010 it was confirmed that Turkey will keep the border closed for the foreseeable future after the Turkey-Armenia normalization process collapsed.
2438:
In 2017, mineral product (without precious metals and stones) exports grew by 46.9% and run at US$ 692 million, which comprised 30.1% of all exports.
11065:
10453:
9530:
8362:
1374:, which killed more than 25,000 people and made 500,000 homeless, are still being felt. Although a cease-fire has held since 1994, the conflict with
11011:
8898:
7726:
5778:
5748:
5689:
4512:
The Armenian government approved the program to construct the Meghri free economic zone at the border with Iran, which is expected to open in 2017.
11466:
8065:
5844:
5057:
In 2018, about 30% of wage workers were organized in unions. At the same time, rate of unionization was dropping at average rate of 1% since 1993.
1481:
Nominal GDP per capita was approximately $ 4,196 in 2018 and is expected to reach $ 8,283 in 2023, surpassing neighbouring Azerbaijan and Georgia.
1408:
8400:
6687:
11653:
9689:
6026:
3568:
In 2022 Armenia's bilateral trade with the EU topped $ 2.3 billion, making the EU one of Armenia's biggest and most important economic partners.
10083:
9783:
7411:
4429:
road construction. Instead, the irrigated agriculture project was headed for completion with apparently no prospects for extension beyond 2011.
2270:. In the first half of 2020, the Armenian economy was negatively impacted by the economic restrictions that were implemented in response to the
11331:
9980:
7195:
5800:
1358:, quotas, and restrictions of foreign trade. Although privatisation had slowed because of catastrophic collapse of the economy, Prime Minister
8573:
8508:
6876:
5655:
13739:
13134:
11239:
10804:
8693:"Armenian parliament adopted amendments to Tax Code: changes are aimed at improving the competitiveness of the national economy | Finport.am"
7381:
3730:
in January–September 2019 the net flow of direct foreign investment in the real sector of the Armenian economy stood at about $ 267 million.
271:
7351:
6392:. Human development report / publ. for the United Nations Development Programme (UNDP). New York, NY: United Nations Development Programme.
4984:. The other two roads linking Georgia and Russia run through South Ossetia and Abkhazia, effectively barring them to international traffic.
3574:
In 2017 EU countries accounted for 24.3 percent of Armenia's foreign trade. Whereby exports to EU countries grew by 32,2% to $ 633 million.
8997:
5486:
5039:
statistical update, Armenia had the highest percentage of employment in services (49.7%) and lowest share in agriculture (34.4%) among the
4768:
2934:
In 2019 the largest growth at 27.2% was shown by accommodation and catering sector, which came as a result of the growth of tourist flows.
431:
8340:
12403:
12028:
10583:
10557:
10503:
10351:
10330:
10309:
10295:
10281:
10242:
10221:
10207:
10186:
10172:
10158:
10133:
10112:
9354:
9326:
9023:
8778:
8724:
8484:
8456:
8224:
7691:
7573:
7326:
6992:"Time series, GDP index-deflator (ratio of GDP at current prices to the volume of GDP at comparable prices of the previous year), %"
5317:
4653:
In early 2008 the State Commission for the Protection of Economic Competition named 60 companies having "dominant positions" in Armenia.
2457:
However, during the January to September 2010 period, the sector experienced a 5.2 percent year-on-year decrease, which according to the
1447:
440 Model V230 light-water-cooled reactors as the "oldest and least reliable" category of all the 66 Soviet reactors built in the former
10614:
10392:
10049:
7595:
9875:
4579:
4568:
3670:
Armenia foreign direct investment: USD mn Net Flows data is available from March 1993 through December 2020, and is updated quarterly.
591:
574:
9808:
6311:
2960:
the state budget. Because of additional borrowings and lower concessionality of new loans, the burden might rise in the future years.
11275:
6120:
5884:
4022:
Negative values indicate investments of Armenian corporations to foreign country exceeding investments from that country in Armenia.
1315:
277:
7997:
5528:
2397:
comprises on average 25 percent of Armenia's GDP. In 2006, the agricultural sector accounted for about 20 percent of Armenia's GDP.
13215:
11326:
11259:
10519:
10372:
5970:
5946:
3597:
2017 CIS countries accounted for 30 percent of Armenia's foreign trade. Exports to CIS countries rose by 40,3% to $ 579,5 million.
10866:
9751:
9475:
9417:
9176:
9142:
8700:
8637:
8284:
8277:"Vardan Aramyan: It will be unreasonable if the government goes to revise the allowable national debt ceiling in GDP | Finport.am"
7793:
7758:
5714:
1237:
At the beginning of the 20th century, the territory of present-day Armenia was an agricultural region with some copper mining and
14191:
13083:
12348:
11628:
9950:
9848:
9602:
7440:
3563:
2918:
2283:
1495:
Armenian GDP PPP (measured in current international dollar) grew total of 316% per capita in 2000–2017, sixth-highest worldwide.
1282:
Agriculture accounted for only 20% of net material product and 10% of employment before the breakup of the Soviet Union in 1991.
10263:
7667:
13144:
11336:
11311:
11209:
7477:
5862:
5774:
5744:
10714:
9441:
8954:
Barseghyan, Gayane; Hambardzumyan, Hayk (2018). "The effects of exchange rate volatility on exports: Evidence from Armenia".
7310:
7304:
6667:
6634:
6397:
6372:
5080:
It was reported that in 2020 there was a drop in the unemployment rate in Armenia from 16.99% in 2019 to 16.63% in 2020. The
903:
10774:
9873:"Armenia and Millennium Challenge Corporation: Building a Dynamic Partnership for Poverty Reduction through Economic Growth"
9102:"Foreign trade figures of Armenia - Economic and Political Overview - International Trade Portal International Trade Portal"
9046:"Foreign trade figures of Armenia - Economic and Political Overview - International Trade Portal International Trade Portal"
8314:
6995:
6969:
6252:
4252:
Net FDI in founding capital of financial institutions accumulated by end of September 2017 is presented in pie chart below.
2581:
According to Moody's, robust economic growth will benefit banks with GDP growth remaining robust at around 4.5% in 2019–20.
13724:
12808:
11658:
10958:
10834:
6274:
5599:
3149:
has been proposed as an adaptable instrument to assist people in transition economies take advantage of new opportunities.
1215:
947:
7620:
7047:
6732:
5287:
2435:
In 2017, mining industry output with grew by 14.2% to 172 billion AMD at current prices and run at 3.1% of Armenia's GDP.
1097:. The main domestic energy source is hydroelectric. Small amounts of coal, gas and petroleum have not yet been developed.
13714:
13657:
13574:
13058:
12143:
11346:
11173:
9238:
9075:
8877:
8611:
8160:
7115:
5016:
4747:
On November 1, 2006, the Armenian government handed de facto control of the Iran-Armenia gas pipeline to Russian company
13496:
10635:
10423:
7856:
7544:
6795:
6475:
6222:
13491:
12531:
12266:
10674:
4031:
3491:
1179:
1085:
996:
640:
unwrought copper, pig iron, nonferrous metals, gold, diamonds, mineral products, foodstuffs, brandy, cigarettes, energy
180:
10989:
9564:
8107:
6710:
1941:
This is a list of provinces of Armenia by nominal GDP shown in Armenian dram and US$ . Statistics shown are for 2017.
14151:
13228:
13103:
12461:
11688:
11202:
10138:
10117:
9329:
8937:
8727:
7983:
7694:
7228:
5993:
5522:
5193:
has introduced a pollution fee system by which taxes are levied on air and water emissions and solid waste disposal.
5190:
4993:
4807:, initially Kocharyan's closest political associate. Other top government officials, including former Prime Minister
4459:
3594:
In the first quarter of 2019, share of Russia in foreign trade turnover fell to 11% from 29% from the previous year.
3158:
2558:
1501:
1470:
1149:, contributing to a 7.2% drop in GDP. Armenia's public debt rose to 67.4% in 2020, but fell below 50% again in 2022.
4030:
FDI stock to GDP ratio grew continuously during 2014–2016 and reached 44.1% in 2016, surpassing average figures for
1306:
Armenia introduced elements of the free market and privatisation into their economic system in the late 1980s, when
14018:
12018:
11351:
6659:
Commonwealth of Independent States (CIS) Industry: Clothing Industry Directory - Strategic Information and Contacts
6333:
6100:
5914:
5462:
5133:
5106:
5098:
5093:
5081:
5066:
4729:"Mars" — electronics and robotics plant in Yerevan, a Soviet-era flagship for both civilian and military production
4418:
3673:
The statistics ranged from a high of US$ 425.9 million in December 2008 to a low of –67.6 USD mn in December 2014.
3145:
institutions in Armenia overlooked micro-business enterprises that lacked credit histories and sufficient funding.
2893:
since the 1990s when tourist numbers exceeded half a million people visiting the country every year (mostly ethnic
314:
17:
9900:
9386:
7503:"Some 15,572 real estate transactions effected in Armenia in 2019 September, by 36.1% more than in September 2018"
5621:
3481:
According to the study "Regional and International Trade of Armenia", authors investigated the trade potential of
1498:
GDP grew 40.7% between 2012 and 2018, and key banking indicators like assets and credit exposures almost doubled.
13433:
13428:
12396:
10474:
8043:
6910:
4612:
3676:
Armenia's current account surplus is US$ 51.7 million in December 2020, according to the most recent statistics.
3092:
2864:
Industry report on banking sector prepared by AmRating presents slightly varying figures for some of above data.
1383:
adequate and reliable. In 1992–93, the GDP had fallen nearly 60% from its 1989 level. The national currency, the
522:
302:
8246:
8138:
7017:
4692:(AEN) to Midland Resources, a British offshore-registered firm which is said to have close Russian connections.
2976:
Other sources quote Armenia's debt at $ 10.8 billion in September 2018, possibly including non-public debt too.
1435:. Armenia is now a net energy exporter, although it does not have sufficient generating capacity to replace the
14057:
13745:
13584:
13347:
12118:
11528:
11150:
10827:"Socio- Economic Situation of RA, January–February 2019 (Armenian, Russian) / Statistical Committee of Armenia"
10538:"Մեղրիի և Ագարակի գազամատակարարման ցանցն անհատույց հանձնվեց "Գազպրոմ Արմենիա"-ին. վաճառելու առաջարկը մերժվել է"
8667:
8634:"Armenia's external debt is mainly concentrated on loans of international financial organizations | Finport.am"
6877:"GDP per capita, PPP (current international $ ) - Armenia, Romania, Georgia, China, European Union | Data"
5257:
4604:, while the other – "Flash" – is owned by Barsegh Beglarian, a "prominent representative of the Karabakh clan")
1339:
528:
308:
186:
10018:
9269:
9079:
6820:
5000:
allows trade with that country. An oil pipeline to pump Iranian oil products is also in the planning stages.
1478:
According to official preliminary data GDP grew by 7.6 per cent in 2019, largest recording growth since 2008.
13824:
13794:
13630:
12775:
12668:
12481:
12226:
12193:
12148:
10899:
8430:
7881:
5092:
in January 2019, 562,043 payroll jobs were recorded, against of 511,902 in January 2018, an increase of 9.7%.
4771:
after previously buying 80 percent of said bank in November 2007 and 94.15 percent in July of the same year.
4561:
2949:
2475:
1331:
1186:
516:
296:
9045:
6620:
Asociación Española de Ingeniería Sísmica, ed. (1994). "Economic and social impacts of Armenia earthquake".
14068:
13985:
13752:
13677:
13243:
13208:
12893:
12734:
12506:
12153:
11728:
10736:
8748:
8194:
5267:
4475:
3169:
2271:
1436:
1222:
1204:
1197:
1094:
471:
459:
10450:
10374:
Price Predictions: With present inflation at nearly triple expectation, economists challenge 2009 forecast
9522:
6943:
3530:
According to the National Statistical Service foreign trade deficit amounted to US$ 1.94 billion in 2017.
1171:, Armenia is classified as "mostly free" and ranks 34th, improving by 13 positions and ahead of all other
14181:
14052:
14047:
13951:
13834:
13809:
13709:
13528:
13398:
13270:
13139:
11983:
8891:
8547:(2014-406 ed.). Paris: Department of Research, Ipag Business School Working Papers. pp. 13–14.
7715:
6761:
6087:
5770:
5740:
5677:
5449:
5384:
5291:
5247:
5237:
5183:
Environmental Project Implementation Unit implements projects related to Natural environment protection.
5178:
4757:
4669:
2267:
1506:
1400:
1346:
1146:
1141:
1074:
1062:
609:
605:
5595:
1158:
13522:
13098:
13003:
12749:
12701:
12593:
12588:
12389:
12296:
12063:
11998:
11958:
11254:
11105:
9682:
8392:
7085:
6683:
5161:
is a married man aged between 41 and 50 years who "began looking for work abroad at the age of 32–33."
1323:
1226:
1088:
was based largely on manufacturing industry—chemicals, electronic products, machinery, processed food,
9776:
6052:"ARKA: "Armenia's GDP has grown 40.7% over seven year and key banking indicators have almost doubled""
6018:
4695:
In September 2002 the Armenian government handed over Armenia's largest cement factory to the Russian
4675:
2290:, individual consumption dropped by 9% in the first six months of 2020 due to the stay-at-home order.
14037:
13734:
13609:
13604:
13589:
13517:
13486:
7826:
7403:
6623:
Proceedings of the Tenth World Conference on Earthquake Engineering: 19 - 24 July 1992, Madrid, Spain
4786:
for cost-free use. Construction of these was funded by foreign aid and costed about 1.3 billion AMD.
4639:
3724:
1396:
1164:
1129:
1024:
966:
871:
10046:
Competitive Edge: The pitfalls of monopolies, and the challenges of a business-influenced parliament
8191:"ՀՀ պետական պարտքը նվազել է 86.5 մլն դոլարով կամ գրեթե 2 տոկոսով | Ֆակտոր տեղեկատվական կենտրոն"
8025:
6684:"World Hyperinflations | Steve H. Hanke and Nicholas Krus | Cato Institute: Working Paper"
5556:
4850:
Since early 2008, Armenia's entire rail network is managed by the Russian state railway under brand
3712:
3280:
3020:
14042:
14007:
13614:
13108:
12825:
12801:
12706:
12553:
11853:
11753:
11316:
11225:
10951:"Labour market in the Republic of Armenia, 2018 / Statistical Committee of the Republic of Armenia"
9231:"EU-Armenia Partnership Implementation Report: EU is a crucial partner for Armenia's reform agenda"
6390:
Beyond income, beyond averages, beyond today: inequalities in human development in the 21st century
5643:
5262:
4593:
4463:
4238:
3137:
3108:
2573:
1425:
83:
11043:
10796:
7373:
7160:
4823:(both of which owe Russia more than Armenia) have managed to reschedule repayment of their debts.
4719:
signed for Armenia. The five enterprises which passed to 100 percent Russian state ownership are:
2970:
The government's public debt at the end of 2019 stood at $ 6.94 billion, making 50.3% of its GDP.
14095:
13962:
13789:
13784:
13704:
13687:
13662:
13619:
13295:
13275:
13260:
13201:
13053:
13018:
12973:
12711:
12673:
12068:
12053:
12038:
11878:
11593:
11249:
9715:"Net foreign direct investment in Armenia's real sector in 9 months amount to 59.8 billion drams"
7343:
6218:
5252:
5052:
5036:
3604:
3088:
3077:
3061:
2973:
In March 2019 sovereign debt was $ 5488 million, $ 86.5 million (about 2%) less than a year ago.
2943:
2586:
1485:
1455:
has found that the Metsamor NPP has adequate safety and can function beyond its design lifespan.
1211:
1172:
1168:
1105:
412:
163:
87:
9650:"Economist: Armenia's authorities should not expect influx of foreign investment in near future"
8989:
5570:
5474:
14090:
13852:
13779:
13692:
12943:
12938:
12833:
12653:
12083:
12023:
11938:
11823:
11703:
11668:
11508:
11376:
11280:
9620:"Правительство Армении намерено довести уровень капитальных инвестиций до 23% от ВВП – министр"
8336:
4851:
4550:
4485:
3486:
2307:
1371:
1290:
imported throughout the Soviet period, changed the structure of sectoral contributions to GDP.
141:
10495:
9295:"Экспорт Армении по итогам 2017 года составил $ 2 242.9 млн., рост стал максимальным за 5 лет"
9019:
8216:
7940:
6621:
5815:"Armenia's Budget for 2023 to Increase to $ 6.4 Billion Largest in the History of the Country"
5186:
Armenia's greenhouse gas emissions decreased 62% from 1990 to 2013, averaging −1.3% annually.
1474:
GDP growth rates in Armenia and some neighboring countries and some regions in years 2010–2017
1100:
The severe trade imbalance has been somewhat offset by international aid and remittances from
13883:
13682:
13667:
13463:
13063:
13038:
12953:
12933:
12883:
12853:
12843:
12623:
12583:
12563:
12543:
12446:
12286:
12088:
12048:
11923:
11913:
11888:
11863:
11833:
11813:
11723:
11663:
11623:
11553:
11482:
10611:
10389:
10044:
9020:"OEC - The Observatory of Economic Complexity | OEC - The Observatory of Economic Complexity"
7592:
6458:"The Taboo within the Taboo: The Fate of 'Armenian Capital' at the End of the Ottoman Empire"
4682:
4521:
2928:
9872:
4454:
13980:
13844:
13729:
13699:
13672:
13599:
13552:
13149:
13028:
13023:
12903:
12739:
12558:
12281:
12163:
12073:
12058:
11943:
11893:
11788:
11773:
11743:
11543:
11533:
10077:
One or more of the preceding sentences incorporates text from this source, which is in the
8276:
6304:
6077:
5439:
4832:
4737:
4467:
4241:(EIB) has invested about 380 million euros in the various projects implemented in Armenia.
3830:
3826:
3199:
2458:
2402:
2206:
2140:
1275:
1045:
330:
8247:"Armenia Government Debt: % of GDP [2002 - 2019] [Data & Charts]"
6112:
5888:
3042:
For 2023 the IMF forecasts inflation at 3.5%, which is below most neighbouring countries.
8:
14029:
13930:
13819:
13814:
13645:
13123:
13093:
13043:
12998:
12978:
12968:
12868:
12794:
12759:
12744:
12691:
12638:
12633:
12608:
12466:
12321:
12316:
12306:
12211:
12183:
12103:
12098:
12078:
11988:
11973:
11908:
11873:
11768:
11708:
11683:
11678:
11648:
11613:
11608:
11578:
11558:
11462:
11356:
7965:
7617:"Դեպի թվային տնտեսություն․ Կկայանա Silicon Mountains գագաթնաժողովը (ՎԻԴԵՈ) | ArmBanks.am"
5508:
5242:
5232:
4665:
4406:
3193:
2882:
2394:
2162:
1439:
nuclear plant, which is under international pressure to close due to its old design. The
1263:
1182:
including Cyprus, Bulgaria, Romania, Poland, Belgium, Spain, France, Portugal and Italy.
12729:
10859:
10523:
10011:"State Commission for the Protection of Economic Competition of the Republic of Armenia"
9744:
7786:
7751:
5967:
5938:
4898:. During Soviet times, Armenia's rail network connected to Russia's via Georgia through
14144:
13945:
13866:
13829:
13579:
13569:
13340:
13236:
13068:
12983:
12963:
12848:
12663:
12613:
12573:
12526:
12521:
12511:
12496:
12491:
12486:
12471:
12456:
12451:
12441:
12431:
12426:
12311:
12261:
12251:
12241:
12236:
12231:
12216:
12206:
12201:
12168:
12158:
12138:
12123:
12043:
11953:
11928:
11918:
11903:
11848:
11843:
11798:
11778:
11738:
11693:
11603:
11598:
11573:
11548:
11518:
11513:
9841:
9595:
9470:
9412:
9168:
9131:
8971:
8692:
8013:
7989:
7470:
7433:
6170:
6082:
5544:
5444:
4972:
4808:
4712:
4035:
2901:). The Armenian Ministry of Economy reports that most international tourists come from
2873:
2578:
In January 2019 there were 20.5 thousand employees registered in the financial sector.
2526:
2275:
2263:
1070:
110:
41:
11472:
9923:"Հայաստանն ԱՄՆ-ից լրացուցիչ կտրամադրի 7,449,000 ԱՄՆ դոլարի չափով ֆինանսական հատկացում"
8633:
8363:"Armenia's economy is expected to see 7.1% growth in 2019, central bank official says"
8307:"Ժամանակագրական շարքեր / Հայաստանի Հանրապետության Ազգային վիճակագրության ծառայություն"
8066:"Armenian premier: Largest growth in 2019 shown by accommodation and catering - 27.2%"
7660:
2995:
National Statistics Office publishes official reference exchange rates for each year.
14000:
13990:
13970:
13913:
13893:
13878:
13804:
13719:
13512:
13393:
13362:
13335:
13178:
13113:
13048:
13013:
12948:
12928:
12918:
12878:
12863:
12858:
12754:
12696:
12658:
12648:
12628:
12618:
12603:
12598:
12578:
12548:
12516:
12501:
12476:
12412:
12331:
12301:
12276:
12256:
12246:
12221:
12178:
12133:
12128:
12093:
12013:
12008:
11978:
11963:
11898:
11868:
11828:
11808:
11793:
11758:
11748:
11618:
11588:
11583:
11563:
11523:
11290:
11146:
11139:
8975:
7993:
7979:
7300:
6663:
6630:
6549:
6393:
6368:
6174:
6162:
5518:
5123:
4895:
4820:
2898:
2506:
2471:
2418:
1307:
1242:
1101:
764:
natural gas, petroleum, tobacco products, foodstuffs, diamonds, pharmaceuticals, cars
357:
9893:"Deputy Prime Minister Mher Grigoryan receives USAID Deputy Assistant Administrator"
8423:"Armenia Economy, Politics and GDP Growth Summary - The Economist Intelligence Unit"
7137:
4774:
In December 2017 government transferred natural gas distribution networks in cities
3829:, which is currently building a controversial massive gold mine in the southeastern
3685:-In December 2020 the country's nominal GDP was reported to be 3.8 billion dollars.
3679:-In June 2021, Armenian Direct Investment Abroad increased by 12.8 million dollars.
2362:
14160:
14062:
14012:
13975:
13940:
13935:
13923:
13918:
13898:
13458:
13403:
13367:
13154:
13073:
13033:
13008:
12988:
12923:
12898:
12888:
12873:
12643:
12568:
12538:
12326:
12291:
12271:
12173:
12113:
12033:
12003:
11948:
11933:
11858:
11818:
11803:
11783:
11763:
11733:
11718:
11698:
11643:
11638:
11568:
11285:
8963:
8574:"Moody's upgrades Armenia's rating to Ba3; changes outlook to stable from positive"
7971:
7538:"Preliminary Main Macro-Economic Indicators of Armenian Economy in 2017 by Armstat"
7168:
6541:
6465:
6154:
5987:"2019թ.-ի համախառն ներքին արդյունքի (ՀՆԱ) ռամսյակային և տարեկան նախնական տվյալները"
5845:"Moody's upgrades Armenia's rating to Ba3; changes outlook to stable from positive"
5321:
5224:
5114:
4795:
4704:
4676:
Takeover of Armenian industrial property by the Russian state and Russian companies
4554:
3518:
services, the country exported US$ 2 billion in 2018 and imported US$ 2.1 billion.
2890:
2366:
2052:
1379:
1365:
Like other former states, Armenia's economy suffers from the legacy of a centrally
1190:
1137:
1089:
389:
8967:
4837:
3833:. Lydian has pledged to invest a total of $ 370 million in the Amulsar gold mine.
3708:
3571:
EU-Armenia trade increased by 15% in 2018 reaching a total value of €1.1 billion.
3276:
3016:
2501:
In 2017, industrial output increased by 12.6% annually reaching 1661 billion AMD.
2293:
The economy was further impacted by the war against Azerbaijan later in the year.
14100:
13470:
13357:
13330:
13265:
12993:
12958:
12913:
12908:
12817:
12108:
11993:
11968:
11883:
11838:
11713:
11673:
11633:
11341:
10766:
10706:
10618:
10590:
10564:
10507:
10457:
10427:
10421:"Armenia's Energy Sector, Other Industrial Assets Passing Under Russia's Control"
10396:
10360:
10339:
10318:
10251:
10230:
10195:
10142:
10121:
10053:
9879:
9479:
9421:
9361:
9333:
8731:
8491:
8463:
8337:"World Economic Outlook (October 2023) - Inflation rate, average consumer prices"
7698:
7599:
6991:
6965:
6657:
6244:
5974:
5210:
5102:
5089:
5004:
4804:
4783:
4716:
4643:
4624:
4539:
3237:
3142:
2519:
2184:
2118:
2074:
2030:
2008:
1417:
1366:
1359:
1109:
12365:
10950:
10826:
8306:
4883:
World ranking: 112 (7,700 km paved including 1561 km of expressways).
2878:
1061:
grew by 12.6% in 2022, according to the country's Statistical Committee and the
14085:
13908:
13453:
12355:
11487:
11244:
10892:"50141 աշխատատեղ ստեղծվել է, բայց 76741 աշխատատեղ էլ՝ փակվե՞լ. Հրանտ Բագրատյան"
7616:
6529:
6245:"Armenia Economy: Population, GDP, Inflation, Business, Trade, FDI, Corruption"
5475:"Poverty headcount ratio at national poverty lines (% of population) - Armenia"
5158:
5040:
4779:
3582:
2906:
1440:
1388:
1259:
1176:
8873:
8603:
8509:"Armenian banks' lending in 2019 grows by 10 percent to 3.572 trillion. drams"
7537:
7173:
7107:
6545:
5678:"Employment to population ratio, 15+, total (%) (national estimate) - Armenia"
3682:-In June 2021, it boosted its Foreign Portfolio Investment by $ 14.6 million.
3641:
During the first 11 months of 2006 US–Armenian trade totaled $ 152.6 million.
14175:
13902:
13799:
13448:
13443:
13388:
13352:
13172:
10420:
10078:
9981:"Armenian parliament approves reforms of management of joint stock companies"
9230:
7914:
7848:
7138:"Համախառն ներքին արդյունքն (ՀՆԱ) ըստ ՀՀ մարզերի եւ Երեւան քաղաքի 2015-2017թթ"
6788:"Armenia leads EEU countries on level of economic growth – official EEC data"
6787:
6553:
6362:
6166:
5910:
5801:"Armenian National Assembly's committee approves draft state budget for 2024"
4977:
4939:
4926:
4862:
4752:
4741:
4708:
2910:
2481:
2096:
1954:
1459:
1384:
1066:
923:
58:
6457:
1505:
GDP (PPP) per capita of Armenia, Azerbaijan and Georgia in years 1994–2022,
14110:
14105:
13888:
13624:
13564:
13438:
13423:
12370:
11366:
11295:
11194:
10981:
9927:
Ministry of Economic Development and Investments of the Republic of Armenia
9556:
8926:
8099:
7975:
6702:
6462:
European Journal of Turkish Studies. Social Sciences on Contemporary Turkey
6413:
5986:
5136:
publication (in English) "Labour market in the Republic of Armenia, 2018".
4968:
4723:
Armenia's largest thermal gas-burning power plant, which is in the town of
4699:
gas exporter in payment for its $ 10 million debt for past gas deliveries.
3541:
3146:
3080:
their impact on economy is decreasing, as GDP grows at outperforming rate.
2428:
2286:. These restrictions had a negative impact on businesses; according to the
1528:
1448:
1218:
Armenia ranked 81st and is classified into "high human development" group.
1081:
10982:"Armenia Has Highest Female Unemployment Rate Among Post-Soviet Countries"
9199:"As Armenia-EU trade blooms, Armenian exporters look to new opportunities"
8927:"Regional and International Trade of Armenia: Perspectives and Potentials"
7220:
6907:"map of GDP PPP 2000-2017 growth rates worldwide (Data by the World Bank)"
6146:
1207:
Index Armenia ranks 47th with 10th rank on "starting business" sub-index.
14125:
13285:
13182:
11492:
11477:
10451:>Danielyan, Emil. RUSSIA TIGHTENS GRIP ON ARMENIA WITH DEBT AGREEMENTS
9203:
8779:"Exports of products and services last year grew to 38% of Armenia's GDP"
8541:
Microfinance in Armenia: Sector characteristics and adaptation strategies
8217:"Armenia External Debt [2002 - 2019] [Data & Charts]"
6619:
6158:
5510:
Europe Central Asia Economic Update, Spring 2020 : Fighting COVID-19
4957:
4953:
4764:
4535:
4410:
3236:
Over half of the tax revenues in January–August 2008 were generated from
2450:
In 2017, construction output increased by 2.2% reaching 416 billion AMD.
1311:
67:
9169:"Armenia's foreign trade deficit increased by 33% per annum in May 2021"
6214:
2530:
Headquarters of VivaCell MTS, Armenia's leading mobile services provider
1249:
1241:
production. From 1914 through 1921, Caucasian Armenia suffered from the
13594:
13418:
9892:
9378:
8538:
Khachatryan, Knar; Avetisyan, Emma; Teulon, Frédéric (1 January 2014).
5685:
5651:
5574:
5514:
5482:
5119:
4688:
In August 2002 the Armenian government sold an 80 percent stake in the
4661:
3117:
2480:
In 2017, electricity generation increased by 6.1% reaching 7.8 billion
2370:
2287:
1404:
1375:
1350:
583:
10478:
8134:
8039:
6906:
6703:"International Experts Find Adequate Safety At Armenian Nuclear Plant"
6470:
3707:
Graphs are unavailable due to technical issues. There is more info on
3275:
Graphs are unavailable due to technical issues. There is more info on
3015:
Graphs are unavailable due to technical issues. There is more info on
1342:
in Yerevan to teach the techniques necessary to run a market economy.
13995:
13413:
13408:
11145:. Washington, D. C.: Federal Research Division, Library of Congress.
9809:"European Investment Bank ready to carry out new programs in Armenia"
4903:
4632:
3113:
2894:
1133:
326:
12381:
8659:
8040:"Map of international tourism receipts per capita in Europe in 2018"
7941:"The number of tourists visiting Armenia increased by 10.5% in 2018"
7196:"COVID-19 leaves a legacy of rising poverty and widening inequality"
5715:"Armenian- U.S. Economic cooperation has great potential - Kerobyan"
5015:
The border closures by Turkey and Azerbaijan have severed Armenia's
4996:
has been completed, and a road to Iran through the southern city of
4891:
Russian natural gas reaches Armenia via a pipeline through Georgia.
4767:, the banking arm of Gazprom, acquired 100 percent of Armenian bank
4244:
3603:
During January–February 2007, Armenia's trade with Russia and other
13383:
13305:
13193:
10636:"Human Development Indices and Indicators: 2018 Statistical Update"
10537:
10010:
9265:
5318:"World Bank Country and Lending Groups – World Bank Data Help Desk"
4981:
4961:
4899:
4628:
4608:
3340:
non-precious metals and products of these: 177.5 million USD (8.3%)
2359:
In addition to smaller productions of other agricultural products.
1432:
12786:
10891:
10520:"Gazprombank acquiert entièrement la banque arménienne Areximbank"
8422:
4760:’s fifth power bloc (Hrazdan-5), the leading unit in the country.
4744:
aluminum foil mill, giving RUSAL 100% ownership of RUSAL ARMENAL.
2979:
In 2018 debt-to-GDP ratio stood at 55.7% down from 58.7% in 2017.
14115:
13543:
13310:
13290:
13224:
10927:. Washington, D.C.: International Monetary Fund. 5 October 2023.
9076:"Armenia: Foreign Trade Deficit $ 1.94 Billion in 2017 - Hetq.am"
8811:. Washington, D.C.: International Monetary Fund. 5 October 2023.
8339:. Washington, D.C.: International Monetary Fund. 5 October 2023.
6191:. Washington, D.C.: International Monetary Fund. 5 October 2023.
4816:
4748:
4724:
4657:
4543:
3514:
Imports in 2017 amounted to $ 4.183 billion, up 27.8% from 2016.
3482:
3065:
2386:
2236:
1986:
1125:
46:
32:
12349:
Special administrative regions of the People's Republic of China
11097:
10767:"Time series / Statistical Committee of the Republic of Armenia"
9951:"Armenian premier explains where 50,000 new jobs have come from"
8190:
5406:
4623:
According to one analyst, Armenia's economic system in 2008 was
3734:
FDI inward flows as percentage of gross fixed capital formation
3334:
precious metals and products of these: 289.6 million USD (13.5%)
1488:
countries in 2018 January–June against the same period of 2017.
1193:
Armenia ranks 27th (classified most free) out of 162 economies.
13320:
13315:
13300:
11168:
10622:
10594:
10568:
10400:
10146:
9922:
9777:"FDI data – United Nations Conference on Trade and Development"
9483:
9442:"Trade between Iran, Armenia can reach $ 1b annually: Minister"
9425:
9379:"Armenian economist on fall of Russian-Armenian trade turnover"
9365:
9337:
9266:"Արտաքին առևտուր. Հայաստանի TOP 10 գործընկերները 2017 թվականին"
8735:
8495:
8467:
7702:
7603:
7577:
7330:
6966:"Time series, Average de jure Population Number, thousand pers"
6662:. International Business Publications. 2013. pp. 247–248.
5624:. New York: United Nations Development Programme. 13 March 2024
5218:
5204:
4997:
4910:
4775:
4542:, formerly named ArmRosGazprom (controlled by Russian monopoly
3822:
2902:
2545:
2423:
1484:
With 8.3%, Armenia recorded highest degree of GDP growth among
1355:
1238:
1124:
Armenia is a food importer, and its mineral deposits (gold and
12356:
Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu
7692:"Government Downplays Economic Cost Of Russian Gas Price Hike"
4921:
Armenia's main rail and road border-crossing with Georgia (at
4751:
and increased Gazprom's stake in the Russian-Armenian company
14120:
13325:
8604:"Armenia debt-to-GDP ratio to drop 1% in 2018, minister says"
5189:
Armenia is working on addressing its environmental problems.
5085:
average monthly earning during February 2021 was US$ 366.05.
5069:
monthly wages averaged to 172 thousand AMD in February 2019.
4696:
3247:
2552:
2454:
Armenia's economy in 2009 came from the construction sector.
2382:
2378:
2340:
104 thousand tons of apricots (12th-largest world producer);;
9523:"Armenia Foreign Direct Investment, 1993 – 2021 | CEIC Data"
6847:"World Development Indicators - Google Public Data Explorer"
6534:
Demokratizatsiya: The Journal of Post-Soviet Democratization
5407:"Տեղեկատվական տեխնոլոգիաների ոլորտը Հայաստանում 2023 |"
3498:
Meanwhile, exports to Russia, Germany, USA and UAE dropped.
3045:
The Armenian government projects inflation at 2.7% in 2019.
1104:, and foreign direct investment. Armenia is a member of the
13280:
10160:
Editors Concerned About Sale Of Newspaper Distribution Firm
8749:"General Taxation Overview Armenia - ILex Law Firm Armenia"
6363:
World Bank (Washington, District of Columbia), ed. (2019).
5709:
5707:
4914:
3560:
Armenia-EU Comprehensive and Enhanced Partnership Agreement
2914:
2374:
1961:
1452:
1444:
9745:"Օտարերկրյա ներդրումները 2018 թվականի հունվար-սեպտեմբերին"
9322:
9320:
8537:
7818:
7569:
7567:
7565:
12351:, participating as "Hong Kong, China" and "Macao, China".
10584:"Armenia Scrambles To Restore Vital Supplies Via Georgia"
10040:
10038:
10036:
9683:"World Investment Report 2019 – Country Report – Armenia"
8720:
8718:
8161:"In 2019, Armenia's public debt to make 50.3% of its GDP"
7849:"Net profit of Armenian banks grow 8 billion AMD in 2017"
7077:
7048:"7.6% GDP growth recorded in Armenia in 2019 - Pashinyan"
6935:
6733:"7.6% GDP growth recorded in Armenia in 2019 - Pashinyan"
6414:"2021 Corruption Perceptions Index - Explore the results"
5288:"World Economic Outlook Database - Groups and Aggregates"
4826:
4647:
1412:
1232:
7532:
7530:
7528:
5945:. Washington, D.C.: The World Bank Group. 7 April 2023.
5704:
5126:
of $ 6.85 per day, from 51.7% in 2021 to 37.6% in 2023.
4588:
Fixed-line telephony, held by Armentel until August 2007
1391:
for the first few years after its introduction in 1993.
11179:
11035:
10446:
10444:
10442:
10440:
10432:
IASPS Policy Briefings: Oil in Geostrategic Perspective
10366:
9317:
8953:
7562:
7374:"GDP share of agriculture by country, around the world"
6601:
6591:
6589:
6587:
6572:
6490:
6439:
6437:
6435:
3581:
During January–February 2007, Armenia's trade with the
2585:
Development of Financial Services in 2017 according to
10385:
10383:
10033:
9408:
9406:
9404:
8715:
8452:
8450:
8448:
7685:
7434:"Armenian 2017 GDP breakdown by sector - Armstat (am)"
4681:
of market reforms, clan-based economics, and official
4585:
Internet access, held by Armentel until September 2006
3222:
2518:
In the 2000s, along with the construction sector, the
11342:
Trade-Related Aspects of Intellectual Property Rights
11036:"ԲԾԻԳ – Բնապահպանական ծրագրերի իրականացման գրասենյակ"
10607:
10605:
10603:
10579:
10577:
10553:
10551:
10549:
10547:
10283:
Armenia Airport Hamstrung By Mysterious Fuel Shortage
9350:
9348:
9346:
9068:
8480:
8478:
8476:
7588:
7586:
7525:
7327:"Kocharian Orders Tax Exemption For Armenian Farmers"
7320:
6530:"Economic Challenges Faced by the New Armenian State"
5968:
https://www.armstat.am/file/article/sv_12_22a_411.pdf
4627:
due to the structure of the economy being a type of "
4413:
from the government of the United States through the
3589:
2990:
2917:. Though relatively small in size, Armenia has three
1159:
Armenia § International Economy-related Rankings
1108:
and ties with Russia remain close, especially in the
11184:
10437:
8485:"Survey Highlights Armenia’s Lingering Unemployment"
7471:"Armenian 2017 foreign trade summary - Armstat (ru)"
6584:
6560:
6502:
6432:
5200:
4894:
The only operational rail link into Armenia is from
4865:
was launched in 1981. It serves 11 active stations.
3172:
upgraded Armenia to Ba3 rating with stable outlook.
3128:
Armenian banks' lending grew by 10 percent in 2019.
2699:
Ongoing liquidity normative indicator (minimum 60%)
2689:
General liquidity normative indicator (minimum 15%)
12354:
Officially the Republic of China, participates as "
10496:"Russia Cements Control of Armenia's Energy System"
10380:
9882:, Millennium Challenge Corporation, March 27, 2006.
9464:
9401:
8725:"Government Keeps Up Strong Growth In Tax Revenues"
8445:
7286:
7284:
7282:
7280:
7278:
7276:
7274:
7272:
7270:
7268:
7266:
6275:"Economic Freedom of the World: 2018 Annual Report"
6147:"Public Debt, Fiscal Decisions and Political Power"
3152:
11138:
10600:
10574:
10544:
10415:
10413:
10411:
10409:
9343:
9124:
8473:
7583:
7264:
7262:
7260:
7258:
7256:
7254:
7252:
7250:
7248:
7246:
6140:
6138:
4415:United States Agency for International Development
1458:The country's electricity distribution system was
1301:
11189:
11141:Armenia, Azerbaijan, and Georgia: country studies
10490:
10488:
9866:
7882:"Armenia Industry Research – Banks (07 May 2018)"
7819:"ArmBanks.am - Armenian financial-banking portal"
7752:"Armstat - Оплата труда и численность работников"
6523:
6521:
6519:
6517:
6046:
6044:
5172:
5139:
4245:FDI in founding capital of financial institutions
2389:are among a few of Armenian agricultural products
14173:
11066:"Greenhouse Gas Emissions in Armenia (by USAID)"
10919:
10917:
10707:"Time series / Statistical Committee of Armenia"
10297:Armenian Central Bank Approves Another Rate Rise
10223:Armenian Premier Downplays Impact Of Georgia War
8660:"2020 - Armenia's Top 10 Foreign Trade Partners"
7593:"Armenia Learning From Crisis, Says World Bank "
7344:"Armenia GDP share of agriculture - data, chart"
5915:Statistical Committee of the Republic of Armenia
5157:According to an OSCE survey, a typical Armenian
5010:
4449:
2889:Tourism in Armenia has been a key sector to the
10406:
10163:, Armenia Liberty (RFE/RL), September 13, 2007.
10135:Armenian Railway Under Anti-Trust Investigation
10124:, Armenia Liberty (RFE/RL), September 23, 2008.
8100:"Armenia's Public Debt To Rise Further In 2019"
7243:
7108:"Armenia's economy fell by 7.5 percent in 2020"
7018:"Armenia's economy grew by 5.2 percent in 2018"
6135:
4560:Electricity transmission and distribution (see
4262:
3616:In 2017 trade with China grew by 33.3 percent.
3358:
3297:
10558:"Armenia ‘Pressing Ahead’ With Iran Rail Link"
10485:
10068:
10066:
10064:
10062:
9472:Armenia, Georgia Agree On Joint Border Control
7967:International Tourism Highlights, 2019 Edition
6815:
6813:
6514:
6207:
6041:
4841:Zvartnots International Airport main concourse
13209:
12802:
12397:
12192:
11210:
10914:
10612:"Russia, Georgia Agree To Reopen Border Gate"
10363:, Armenia Liberty (RFE/RL), October 23, 2007.
10342:, Armenia Liberty (RFE/RL), January 29, 2008.
10286:, Armenia Liberty (RFE/RL), November 7, 2005.
10174:French Mobile Giant Set To Win Armenia Tender
9132:"Foreign sector of economy in 2017 - Armstat"
6930:
6928:
6019:"GDP growth (annual %) - Armenia | Data"
5933:
5931:
5622:"Inequality-adjusted Human Development Index"
5381:"World Economic Outlook Database, April 2024"
4495:
3662:
1065:. Total output amounted to 8.5 trillion
11224:
10925:"Report for Selected Countries and Subjects"
10254:, Armenia Liberty (RFE/RL), August 15, 2008.
10244:Armenian Cement Plant ‘Sold To Russian Firm’
10233:, Armenia Liberty (RFE/RL), August 28, 2008.
10212:, Armenia Liberty (RFE/RL), August 24, 2007.
10177:, Armenia Liberty (RFE/RL), October 6, 2008.
9836:
9834:
9557:"Foreign Investment In Armenia Down In 2017"
9497:"Bilateral Trade by Products Turkey-Armenia"
9414:Chinese FM Visits Armenia, Urges Closer Ties
8809:"Report for Selected Countries and Subjects"
8457:"Cash Transfers To Armenia Jump To New High"
7970:. World Tourism Organization (UNWTO). 2019.
7915:"Armenia - UNESCO World Heritage Convention"
7661:"Armenian economy macro statistics for 2017"
7465:
7463:
7461:
7404:"Industry Breakdown of Companies in Armenia"
6758:"Report for Selected Countries and Subjects"
6750:
6189:"Report for Selected Countries and Subjects"
4736:In January 2003 the Armenian government and
4574:Former notable monopolies in Armenia :
3485:for different product groups by employing a
1044:All values, unless otherwise stated, are in
10332:Mining Giant Remains Armenia’s Top Taxpayer
10209:Armenian Telecom Sector Further Liberalized
10059:
9945:
9943:
9554:
8097:
7299:. Yerevan: The Civilitas Foundation. 2010.
6984:
6810:
6700:
4638:According to the 2008 estimate of a former
1465:
13216:
13202:
12809:
12795:
12404:
12390:
11217:
11203:
10198:, Armenia Liberty (RFE/RL), July 30, 2008.
10114:New Russian Gas Price For Armenia Unveiled
9596:"Foreign investments in 2017 – armstat.am"
6958:
6925:
6629:. Rotterdam: Balkema. pp. 7011–7015.
6144:
5928:
5375:
5373:
5371:
5369:
5367:
5365:
5363:
4685:have allowed the success of this process.
4481:January 2019 as compared to January 2018.
3248:Foreign trade, direct investments, and aid
2553:Information and Communication Technologies
2505:the January–August 2007 period, Armenia's
2296:
1140:and the breakup of the centrally directed
14187:World Trade Organization member economies
10979:
10321:, Armenia Liberty (RFE/RL), May 29, 2008.
10300:, Armenia Liberty (RFE/RL), June 3, 2008.
9897:The Government of the Republic of Armenia
9831:
9355:"Armenia Posts Record-High Trade Deficit"
8921:
8919:
8832:
8830:
7458:
7172:
6469:
6456:Matossian, Bedross Der (6 October 2011).
6455:
5763:
5733:
5501:
5434:
5432:
5430:
5428:
5426:
5424:
5422:
5420:
5418:
5416:
5361:
5359:
5357:
5355:
5353:
5351:
5349:
5347:
5345:
5343:
2679:Loans provided to businesses growth rate
1200:Armenia ranks 69th out of 141 economies.
1152:
956:
932:
557:
549:
376:
368:
10311:Government Vows To Curb Rising Inflation
10084:"Investment Climate Statements for 2017"
9940:
9769:
9166:
8098:Harutyunyan, Sargis (26 December 2018).
7574:"Armenian Growth Still In Double Digits"
4971:) between Georgia and Russia across the
4836:
4789:
4715:and National Security Council Secretary
4453:
3727:(FDI) in Armenia remain low as of 2018.
3540:
3346:other exports: 321.8 million USD (15.0%)
3244:of products and services are not taxed.
3112:
3056:
2877:
2525:
2422:
2361:
1500:
1469:
1248:
11024:from the original on 19 September 2018.
10188:Armenian Telecom Operator Fined $ 1 Mln
9677:
9675:
9436:
9434:
8687:
8685:
7781:
7779:
4515:
3564:European Business Association (Armenia)
3213:
2429:Kajaran copper-molybdenum open-pit mine
14:
14174:
11312:General Agreement on Tariffs and Trade
11136:
10854:
10852:
10669:
10667:
10665:
10663:
9590:
9588:
9586:
9584:
9582:
9550:
9548:
9289:
9287:
9260:
9258:
9256:
9241:from the original on 28 September 2020
8916:
8827:
8129:
8127:
8125:
7787:"Оплата труда и количество работников"
7483:from the original on 18 September 2021
7293:Armenia in 2010. A Year of Uncertainty
7155:
7153:
6652:
6650:
6648:
6646:
6607:
6595:
6578:
6566:
6527:
6508:
6496:
6443:
6123:from the original on 13 September 2019
6113:"Armenia - Energy Sector | export.gov"
5775:The Observatory of Economic Complexity
5745:The Observatory of Economic Complexity
5413:
5340:
5065:According to preliminary figures from
4827:Transportation routes and energy lines
4592:Assumed (unofficial) monopolies until
4352:Virgin Islands: 14.54 bill. AMD (3.1%)
3620:terms, nearly doubled in that period.
3204:
3163:
2441:
2301:
1233:History of the modern Armenian economy
1221:In the 2021 report (data for 2020) of
1210:In the 2019 report (data for 2018) of
1203:In the 2020 report (data for 2019) of
1185:In the 2019 report (data for 2017) of
13197:
12790:
12411:
12385:
11198:
11108:from the original on 11 December 2019
10961:from the original on 14 November 2019
10837:from the original on 13 November 2019
10717:from the original on 17 November 2018
9660:from the original on 24 February 2020
9533:from the original on 11 December 2021
9503:from the original on 18 February 2022
9452:from the original on 25 February 2021
9179:from the original on 11 December 2021
9112:from the original on 11 December 2021
9056:from the original on 11 December 2021
8838:"Country Economic Update Winter 2019"
8759:from the original on 11 December 2021
8670:from the original on 11 December 2021
8554:from the original on 14 December 2022
8519:from the original on 24 February 2020
8403:from the original on 14 December 2021
8093:
8091:
8076:from the original on 24 February 2020
8046:from the original on 23 November 2021
7876:
7874:
7829:from the original on 28 November 2016
7623:from the original on 19 December 2021
7058:from the original on 24 February 2020
7028:from the original on 21 February 2019
6998:from the original on 18 November 2008
6887:from the original on 26 December 2018
6690:from the original on 17 October 2012.
6486:– via journals.openedition.org.
6314:from the original on 10 November 2019
6285:from the original on 16 November 2019
6058:from the original on 25 December 2019
5781:from the original on 12 December 2022
5751:from the original on 12 December 2022
5692:from the original on 12 December 2022
4578:Wireless (mobile) telephony, held by
4531:Major monopolies in Armenia include:
3688:
2567:
380:44.1% on less than $ 5.50/day (2020f)
154:$ 25.408 billion (nominal, 2024 est.)
13223:
11185:Neruzh Diaspora Tech Startup Program
10986:«Ազատ Եվրոպա/Ազատություն» ռադիոկայան
10931:from the original on 30 October 2023
10747:from the original on 19 January 2023
10628:
10377:, ArmeniaNow.com, November 14, 2008.
10021:from the original on 5 December 2008
9819:from the original on 5 November 2019
9725:from the original on 2 December 2018
9672:
9608:from the original on 9 October 2022.
9561:«Ազատ Եվրոպա/Ազատություն» ռադիոկայան
9555:Harutyunyan, Sargis (6 April 2018).
9431:
9305:from the original on 9 February 2018
9272:from the original on 9 November 2023
9082:from the original on 9 November 2023
9000:from the original on 9 November 2023
8943:from the original on 9 October 2022.
8815:from the original on 30 October 2023
8682:
8584:from the original on 29 October 2019
8373:from the original on 5 November 2019
8355:
8197:from the original on 27 October 2021
8171:from the original on 5 November 2019
8141:from the original on 9 December 2019
8135:"Countries | Transition Report 2019"
8104:«Ազատ Եվրոպա/Ազատություն» ռադիոկայան
7776:
7513:from the original on 5 November 2019
7078:"Main Indicators in Graphical Forms"
6798:from the original on 3 December 2018
6768:from the original on 30 October 2023
6707:«Ազատ Եվրոպա/Ազատություն» ռադիոկայան
6387:
6334:"Global Competitiveness Report 2019"
6215:"Heritage Index of Economic Freedom"
6195:from the original on 30 October 2023
5600:United Nations Development Programme
5328:from the original on 28 October 2019
5298:from the original on 23 October 2023
4758:Hrazdan electricity generating plant
4358:Lichtenstein: 10.78 bill. AMD (2.3%)
3693:
3261:
3001:
2496:
1229:Armenia ranked 49 of 179 countries.
12816:
11322:Sanitary and Phytosanitary Measures
11078:from the original on 9 October 2022
10872:from the original on 9 October 2022
10849:
10687:from the original on 9 October 2022
10660:
10648:from the original on 9 October 2022
10272:), Armenia Liberty, March 19, 2007.
9854:from the original on 9 October 2022
9789:from the original on 9 October 2022
9757:from the original on 9 October 2022
9707:
9695:from the original on 9 October 2022
9579:
9545:
9284:
9253:
8880:from the original on 20 April 2020.
8854:from the original on 9 October 2022
8433:from the original on 15 August 2022
8122:
8000:from the original on 30 August 2019
7894:from the original on 9 October 2022
7799:from the original on 9 October 2022
7764:from the original on 9 October 2022
7716:"Armenia Investment Map, Oct. 2018"
7673:from the original on 9 October 2022
7550:from the original on 9 October 2022
7446:from the original on 9 October 2022
7150:
7040:
6713:from the original on 7 October 2022
6701:Harutyunyan, Sargis (2 June 2011).
6643:
6344:from the original on 9 October 2019
6255:from the original on 28 August 2021
5999:from the original on 9 October 2022
5030:
4967:The Upper Lars border crossing (at
4436:
4340:Netherlands: 16.57 bill. AMD (3.5%)
3223:Special taxation for small business
3052:
3031:Armenian dram exchange rate per USD
2937:
24:
13740:President of the National Assembly
11046:from the original on 19 April 2023
10807:from the original on 13 April 2021
10737:"Armenia – unemployment rate 2020"
10056:, ArmeniaNow.com, January 4, 2008.
9991:from the original on 30 April 2019
9961:from the original on 29 April 2019
9567:from the original on 18 April 2018
9211:from the original on 28 March 2023
9026:from the original on 10 April 2019
8703:from the original on 29 April 2021
8614:from the original on 23 March 2018
8393:"Armenia Inflation Rate 1994-2021"
8317:from the original on 4 August 2020
8088:
7912:
7871:
6936:"GDP at market prices, mln. drams"
5979:
5721:from the original on 22 April 2023
5658:from the original on 27 March 2023
5531:from the original on 11 April 2020
5489:from the original on 30 March 2023
5148:
4886:
4400:
4364:Switzerland: 6.73 bill. AMD (1.4%)
4328:Luxembourg: 21.86 bill. AMD (4.6%)
4258:
4032:Commonwealth of Independent States
3590:Russia and former Soviet republics
3354:
3293:
3231:
2991:Exchange rate of national currency
2513:
2487:
1018:B+, Outlook Positive (03 Mar 2022)
25:
14203:
12358:", and "Chinese Taipei" in short.
11332:Trade-Related Investment Measures
11161:
11137:Curtis, Glenn Eldon, ed. (1995).
11012:"Migration and skills in Armenia"
10980:Mkrtchian, Anush (9 March 2018).
10390:Armenia Warned To End ‘Oligopoly’
10094:from the original on 30 July 2020
9148:from the original on 1 March 2018
8343:from the original on 4 April 2023
8227:from the original on 12 June 2017
6857:from the original on 30 July 2020
6827:from the original on 1 March 2018
6225:from the original on 20 July 2009
5949:from the original on 25 June 2020
5517:. 9 April 2020. pp. 39, 40.
5017:rail link between Gyumri and Kars
4763:In October 2008 the Russian bank
4538:import and distribution, held by
3553:
3328:textile: 130.6 million USD (6.1%)
3316:minerals: 692 million USD (32.3%)
3159:State Revenue Committee (Armenia)
2559:Science and technology in Armenia
2331:126 thousand tons of watermelons;
2257:
1010:Ba3, Outlook Stable (27 Aug 2019)
894:Abroad: $ 228 million (2015 est.)
13542:
13177:
13168:
13167:
12364:
11654:Democratic Republic of the Congo
11167:
11090:
11058:
11028:
11004:
10992:from the original on 13 May 2021
10973:
10943:
10884:
10819:
10789:
10777:from the original on 11 May 2021
10759:
10729:
10699:
10530:
10512:
10467:
10345:
10324:
10303:
10289:
10275:
10257:
10236:
10215:
10201:
10180:
10166:
10152:
10127:
10106:
10072:
10003:
9973:
9915:
9903:from the original on 12 May 2019
9885:
9801:
9737:
9642:
9612:
9515:
9489:
9371:
9327:"Armenia Keeps Up Robust Growth"
9223:
9191:
9167:Badalian, Naira (26 June 2021).
9160:
9094:
9038:
9012:
8982:
8947:
8904:from the original on 12 May 2019
8884:
8866:
8801:
8771:
8741:
8652:
8626:
8596:
8566:
8531:
8501:
8415:
8385:
8329:
8299:
8269:
8257:from the original on 22 May 2019
8239:
8209:
7732:from the original on 12 May 2019
7414:from the original on 9 July 2023
7384:from the original on 12 May 2019
7354:from the original on 12 May 2019
7231:from the original on 11 May 2017
7118:from the original on 12 May 2021
7088:from the original on 19 May 2008
6946:from the original on 19 May 2008
6478:from the original on 13 May 2021
6367:. Washington: World Bank Group.
5825:from the original on 29 May 2023
5217:
5203:
5134:Statistical Committee of Armenia
5107:Statistical Committee of Armenia
5099:Statistical Committee of Armenia
5094:Statistical Committee of Armenia
5082:Statistical Committee of Armenia
5067:Statistical Committee of Armenia
5060:
4909:The Georgian Black Sea ports of
4567:Newspaper distribution, held by
4460:Armenian State Revenue Committee
4419:Millennium Challenge Corporation
3698:
3632:
3463:exports to other countries: 4.7%
3266:
3252:
3153:Government revenues and taxation
3006:
2319:199 thousand tons of vegetables;
2274:. These restrictions included a
2229:
1979:
1132:with Azerbaijan over the ethnic
1033:
1032:
1014:
1013:
1006:
1005:
955:
931:
912:
911:
890:
889:
882:
881:
855:
844:
833:
822:
811:
800:
789:
778:
750:
749:
731:
720:
709:
698:
687:
676:
665:
654:
626:
625:
556:
548:
496:
495:
488:
487:
466:
465:
438:
437:
422:
421:
397:
375:
367:
251:
250:
243:
242:
222:
221:
214:
213:
206:
205:
158:
157:
150:
149:
131:
49:, the economic centre of Armenia
40:
10902:from the original on 1 May 2019
10860:"Աշխատանքի շուկայի ցուցանիշներ"
10675:"World Development Report 2019"
9630:from the original on 4 May 2019
9389:from the original on 2 May 2019
8789:from the original on 4 May 2019
8640:from the original on 7 May 2021
8287:from the original on 6 May 2021
8183:
8153:
8110:from the original on 4 May 2019
8058:
8032:
7958:
7938:
7932:
7913:Centre, UNESCO World Heritage.
7906:
7859:from the original on 5 May 2018
7841:
7811:
7744:
7708:
7653:
7635:
7609:
7495:
7426:
7396:
7366:
7336:
7213:
7188:
7130:
7100:
7070:
7010:
6972:from the original on 8 May 2016
6913:from the original on 6 May 2021
6899:
6869:
6839:
6780:
6725:
6694:
6676:
6613:
6528:Sarian, Armand (1 March 2006).
6449:
6406:
6381:
6356:
6326:
6297:
6267:
6237:
6181:
6105:
6070:
6029:from the original on 3 May 2023
6011:
5961:
5903:
5877:
5855:
5837:
5807:
5793:
5670:
5636:
5614:
5075:
5046:
5025:
4987:
4656:In October 2009, when visiting
4316:Lebanon: 38.32 bill. AMD (8.0%)
4304:Russia: 58.28 bill. AMD (12.2%)
4292:Cyprus: 98.06 bill. AMD (20.6%)
3723:Despite robust economic growth
3131:
2954:
2534:
2346:54 thousand tons of sugar beet;
1936:
1302:Post-communist economic reforms
14192:Economies of Europe by country
13135:British Indian Ocean Territory
12029:St. Vincent and the Grenadines
6145:Waaniewski, Krzysztof (2014).
5644:"Labor force, total - Armenia"
5588:
5563:
5467:
5399:
5310:
5280:
5258:Geographical Issues in Armenia
5173:Natural environment protection
5140:Female unemployment in Armenia
4650:is controlled by 44 families.
4395:
4388:Austria: 0.46 bill. AMD (0.1%)
4382:Germany: 0.55 bill. AMD (0.1%)
4346:France: 16.22 bill. AMD (3.4%)
3748:South-East Europe and the CIS
2352:50 thousand tons of cucumbers;
2328:138 thousand tons of tomatoes;
2316:415 thousand tons of potatoes;
1340:American University of Armenia
398:
132:
13:
1:
11180:Investment Council of Armenia
10353:Armenia Hit By Sugar Shortage
8968:10.1080/13504851.2017.1418064
6305:"You are being redirected..."
5105:. For the whole year of 2018
5011:Through Turkey and Azerbaijan
4881:Total length: 8,140 km,
4562:Electricity sector in Armenia
4553:, owned by Russian Railways (
4526:
4450:Domestic business environment
4370:Latvia: 2.06 bill. AMD (0.4%)
3322:food: 531 million USD (24.8%)
2950:Central Depository of Armenia
2476:Electricity sector in Armenia
2343:89 thousand tons of cabbages;
1187:Economic Freedom of the World
1037:$ 3.6 billion (December 2023)
7919:UNESCO World Heritage Centre
6686:. Cato.org. 15 August 2012.
5771:"Import partners of Armenia"
5741:"Export partners of Armenia"
5268:List of companies of Armenia
5122:upper-middle income economy
5088:According to prime minister
4690:Armenian Electricity Network
4476:List of companies of Armenia
4376:Canada: 0.6 bill. AMD (0.1%)
4322:Iran: 33.71 bill. AMD (7.1%)
4310:USA: 54.18 bill. AMD (11.4%)
4025:
3037:
2594:Financial Services Segments
2427:Armenia's largest mine, the
2349:52 thousand tons of peaches;
2337:109 thousand tons of apples;
2334:124 thousand tons of barley;
2325:179 thousand tons of grapes;
1345:Armenia was admitted to the
1223:Corruption Perceptions Index
1198:Global Competitiveness Index
1095:Metsamor nuclear power plant
500:50.1% employment rate (2017)
470:47 out of 100 points (2023,
460:Corruption Perceptions Index
247:$ 8,575 (nominal, 2024 est.)
7:
14053:Armenian Brotherhood Church
14048:Armenian Evangelical Church
13399:Armenian Kingdom of Cilicia
11327:Technical Barriers to Trade
11190:Armenia Securities Exchange
10797:"Armenia Unemployment Rate"
10506:September 13, 2007, at the
7161:"IMF Staff Country Reports"
6762:International Monetary Fund
6088:Central Intelligence Agency
5450:Central Intelligence Agency
5385:International Monetary Fund
5292:International Monetary Fund
5248:Diamond industry in Armenia
5238:Armenia Securities Exchange
5196:
5179:Waste management in Armenia
4876:
4845:
4670:International Monetary Fund
4334:EBRD: 21.2 bill. AMD (4.4%)
4298:UK: 82.42 bill. AMD (17.3%)
3548:
3187:
2355:39 thousand tons of onions;
2322:187 thousand tons of wheat;
2268:Second Nagorno-Karabakh War
1401:International Monetary Fund
1347:International Monetary Fund
1253:100 million rubles banknote
1115:
1063:International Monetary Fund
886:$ 4.169 billion (2015 est.)
115:Upper-middle income economy
10:
14208:
13523:Armenian national movement
11255:International Trade Centre
11124:
8874:"Armenian Business Briefs"
5176:
5050:
4956:near the Armenian town of
4830:
4646:, 55 percent of Armenia's
4519:
4496:Foreign trade facilitation
4473:
3663:Foreign direct investments
3644:
3557:
3525:
3501:
3257:
3197:
3191:
3156:
3106:
3102:
2947:
2941:
2871:
2867:
2812:Total capital growth rate
2771:Total capital growth rate
2730:Total capital growth rate
2659:Total capital growth rate
2571:
2556:
2469:
2416:
2312:Armenia produced in 2018:
2305:
1324:First Nagorno-Karabakh War
1316:Communist Party of Armenia
1227:Transparency International
1156:
974:−4.6% (of GDP) (2024 est.)
916:−$ 328 million (2017 est.)
592:AMD 200,000 / €469 / $ 509
509:Labour force by occupation
14138:
14078:
14038:Armenian Apostolic Church
14028:
13961:
13874:
13865:
13843:
13775:
13766:
13715:National Security Service
13653:
13644:
13560:
13551:
13540:
13518:Nagorno-Karabakh conflict
13505:
13487:First Republic of Armenia
13479:
13434:1508–1828 Iranian Armenia
13376:
13253:
13235:
13163:
13122:
13082:
12824:
12768:
12720:
12682:
12419:
12344:
11501:
11455:
11375:
11304:
11268:
11232:
8956:Applied Economics Letters
7174:10.5089/9798400262463.002
6546:10.3200/demo.14.2.193-222
4960:and the Georgian town of
4940:41.2283250°N 44.8358667°E
4857:
4237:As of February 2019, the
3844:exceeding 1 billion AMD)
3725:foreign direct investment
3653:
3427:Other CIS countries: 1.7%
3170:Moody's Investors Service
3138:Microfinance institutions
3064:'s Educational Center in
2465:
2412:
1165:Index of Economic Freedom
1041:
1022:
994:
986:
978:
964:
945:
940:
920:
901:
869:
768:
758:
745:
644:
634:
621:
616:
598:
581:
575:AMD 251,822/ €641 / $ 690
568:
541:
507:
478:
457:
410:
387:
353:
324:
287:
262:
255:$ 21,746 (PPP, 2024 est.)
233:
196:
173:
140:
136:2.963 million (2024 est.)
127:
122:
101:
77:
65:
54:
39:
14043:Armenian Catholic Church
13658:Administrative divisions
12884:East Timor (Timor-Leste)
11629:Central African Republic
11260:Chronology of key events
11240:Accession and membership
11226:World Trade Organization
11129:
10898:. Peyotto Technologies.
8892:"Armenia Investment Map"
6101:(Archived 2019 edition.)
5887:. cba.am. Archived from
5463:(Archived 2019 edition.)
5320:. Washington, D.C.: The
5273:
5263:List of banks in Armenia
4994:new gas pipeline to Iran
4868:
4464:Armenian Customs Service
4239:European Investment Bank
3611:
3403:Other EU countries: 5.5%
3109:List of banks in Armenia
2822:Liabilities growth rate
2781:Liabilities growth rate
2740:Liabilities growth rate
2669:Liabilities growth rate
2574:List of banks in Armenia
1466:Outperforming GDP growth
1426:World Trade Organization
960:48.4% of GDP (2024 est.)
577:monthly (February, 2023)
13620:Shikahogh State Reserve
13271:Shulaveri–Shomu culture
13145:Cocos (Keeling) Islands
11250:Dispute Settlement Body
9106:www.lloydsbanktrade.com
9050:www.lloydsbanktrade.com
7939:LLC, Helix Consulting.
6308:www.fraserinstitute.org
6219:The Heritage Foundation
6151:SSRN Electronic Journal
5596:"Specific country data"
5253:Eurasian Economic Union
5191:Ministry of Environment
5053:Trade unions in Armenia
4852:South Caucasus Railways
4711:, while Prime Minister
4615:), held by Mika Limited
4110:with largest positions
3756:2005–2007 p.a. average
3623:
3605:former Soviet republics
3120:headquarters in Yerevan
3089:Central Bank of Armenia
3062:Central Bank of Armenia
2944:Central Bank of Armenia
2843:Net assets growth rate
2833:Mandatory pension funds
2638:Return on equity (ROE)
2627:Return on assets (ROA)
2395:agricultural production
2297:Main sectors of economy
1519:GDP (millions of drams)
1486:Eurasian Economic Union
1349:in May 1992 and to the
1212:Human Development Index
1173:Eurasian Economic Union
1169:The Heritage Foundation
1106:Eurasian Economic Union
982:6.8 billion (2024 est.)
413:Human Development Index
372:23.5% in poverty (2018)
14091:Armenian eternity sign
13853:South Caucasus Railway
12462:Bosnia and Herzegovina
11352:Information Technology
11347:Government Procurement
11281:Doha Development Round
7976:10.18111/9789284421152
7580:), September 20, 2007.
5571:"Gini index - Armenia"
5035:According to the 2018
4945:41.2283250; 44.8358667
4842:
4707:and Industry Minister
4664:’s managing director,
4594:2018 velvet revolution
4551:South Caucasus Railway
4486:shareholder oppression
4471:
4282:
3545:
3487:gravity model of trade
3375:
3306:
3121:
3068:
2927:In 2018 receipts from
2886:
2531:
2432:
2403:agricultural subsidies
2390:
2308:Agriculture in Armenia
1970:GDP per capita (US$ )
1525:GDP per capita (drams)
1510:
1475:
1254:
1196:In the 2019 report of
1175:countries and several
1163:In the 2020 report of
1153:Global competitiveness
1075:war against Azerbaijan
936:$ 13.81 billion (2021)
13464:Treaty of Turkmenchay
11659:Republic of the Congo
11483:Supachai Panitchpakdi
10625:), December 24, 2009.
10500:Eurasia Daily Monitor
9878:May 14, 2009, at the
9842:"FDI data by ArmStat"
9486:), February 16, 2011.
9428:), February 17, 2011.
7705:), February 10, 2006.
7606:), November 27, 2009.
6281:. 25 September 2018.
5863:"Outlook Positive B+"
4976:breakaway regions of
4840:
4790:Non-transparent deals
4683:corruption in Armenia
4522:Corruption in Armenia
4457:
4281:
3858:in 9 months of 2018,
3544:
3374:
3305:
3136:The establishment of
3116:
3060:
2929:international tourism
2919:UNESCO world heritage
2885:, established in 1926
2881:
2529:
2426:
2365:
1504:
1473:
1252:
1136:-dominated region of
990:8 billion (2024 est.)
754:$ 12.3 billion (2023)
13785:AMX (stock exchange)
13059:United Arab Emirates
12144:United Arab Emirates
11176:at Wikimedia Commons
10571:), October 14, 2008.
10502:, November 3, 2006.
10481:on 31 December 2015.
10434:, November 13, 2002.
10149:), November 5, 2008.
9207:. 21 February 2023.
8990:"Hovsep Patvakanyan"
8845:The World Bank Group
8738:), October 14, 2008.
8515:. 14 February 2020.
8498:), February 9, 2006.
8072:. 21 February 2020.
7649:on 19 December 2021.
7378:TheGlobalEconomy.com
7348:TheGlobalEconomy.com
6760:. Washington, D.C.:
6338:World Economic Forum
6159:10.2139/ssrn.2517967
5383:. Washington, D.C.:
5290:. Washington, D.C.:
4833:Transport in Armenia
4738:United Company RUSAL
4602:Mikhail Baghdasarian
4516:Controversial issues
4468:Armenian Tax Service
4458:Headquarters of the
4036:transition economies
3831:Vayots Dzor Province
3827:Lydian International
3214:Corporate income tax
3200:Armenian Tax Service
3099:country's 2005 GDP.
2792:Investment companies
2710:Credit organizations
2459:Civilitas Foundation
2385:sold at a market in
2207:Vayots Dzor Province
2141:Gegharkunik Province
1276:net material product
770:Main import partners
646:Main export partners
630:$ 8.4 billion (2023)
570:Average gross salary
274:(nominal, 2024 est.)
183:(nominal, 2024 est.)
13795:Central Depository
13497:Independent Armenia
13276:Kura–Araxes culture
13086:limited recognition
12683:States with limited
12119:Trinidad and Tobago
12019:St. Kitts and Nevis
11529:Antigua and Barbuda
11463:Ngozi Okonjo-Iweala
11357:Marrakesh Agreement
10621:, Armenia Liberty (
10597:), August 18, 2008.
10593:, Armenia Liberty (
10567:, Armenia Liberty (
10399:, Armenia Liberty (
10145:, Armenia Liberty (
9482:, Armenia Liberty (
9448:. 26 January 2021.
9424:, Armenia Liberty (
9368:), January 8, 2007.
9364:, Armenia Liberty (
9336:, Armenia Liberty (
8785:. 8 February 2019.
8734:, Armenia Liberty (
8494:, Armenia Liberty (
8466:, Armenia Liberty (
8397:www.macrotrends.net
8369:. 5 November 2019.
8167:. 31 October 2019.
7701:, Armenia Liberty (
7602:, Armenia Liberty (
7576:, Armenia Liberty (
7329:, Armenia Liberty (
6365:Doing business 2020
5891:on 12 December 2022
5821:. 1 November 2022.
5243:Currency of Armenia
5233:Armenian merchantry
4936: /
4666:Ngozi Okonjo-Iweala
4549:Armenia's railway,
4407:Armenian government
4043:
3841:(with FDI net flow
3735:
3415:United States: 3.1%
3205:Employee income tax
3194:Taxation in Armenia
3164:Government revenues
2883:Grand Hotel Yerevan
2802:Assets growth rate
2761:Assets growth rate
2720:Assets growth rate
2649:Assets growth rate
2590:
2442:Construction sector
2431:in southern Armenia
2302:Agricultural sector
2282:requirement, and a
2163:Aragatsotn Province
1967:GDP per capita (֏)
1443:had classified the
1332:Ministry of Economy
1264:New Economic Policy
264:GDP per capita rank
111:Developing/Emerging
79:Trade organisations
36:
14182:Economy of Armenia
13825:Telecommunications
13746:more on government
13570:Armenian highlands
13348:Kingdom of Armenia
13341:Satrapy of Armenia
12413:Economy of Europe
11689:Dominican Republic
11174:Economy of Armenia
10617:2012-03-07 at the
10589:2008-11-05 at the
10563:2008-10-17 at the
10526:on 5 October 2008.
10456:2008-08-13 at the
10426:2008-10-06 at the
10403:)October 10, 2009.
10395:2009-11-24 at the
10359:2007-12-24 at the
10338:2008-01-31 at the
10317:2008-11-23 at the
10250:2008-10-14 at the
10229:2008-11-04 at the
10194:2009-01-08 at the
10141:2023-11-09 at the
10120:2023-11-09 at the
10052:2016-03-03 at the
10015:www.competition.am
9478:2011-02-19 at the
9420:2011-02-19 at the
9360:2007-02-23 at the
9340:), March 30, 2007.
9332:2023-11-09 at the
8730:2023-11-09 at the
8580:. 27 August 2019.
8490:2007-06-13 at the
8470:), August 5, 2008.
8462:2008-11-04 at the
7697:2023-11-09 at the
7598:2012-03-07 at the
7333:), August 8, 2006.
6881:data.worldbank.org
6764:. 5 October 2023.
6388:UNDP, ed. (2019).
6083:The World Factbook
6023:data.worldbank.org
5973:2023-03-01 at the
5865:. fitchratings.com
5682:data.worldbank.org
5648:data.worldbank.org
5479:data.worldbank.org
5445:The World Factbook
5294:. 5 October 2023.
5005:province of Syunik
4973:Caucasus Mountains
4843:
4809:Andranik Markarian
4713:Andranik Markarian
4472:
4462:(housing both the
4283:
4041:
3733:
3689:Yearly FDI figures
3546:
3376:
3307:
3143:Commercial banking
3122:
3069:
2887:
2874:Tourism in Armenia
2856:105.6 billion AMD
2584:
2568:Financial Services
2540:of food products.
2532:
2433:
2391:
2367:Cornelian cherries
2276:stay-at-home order
2264:COVID-19 recession
1511:
1476:
1255:
1080:While part of the
1071:COVID-19 recession
1059:economy of Armenia
862:India 1.93% (2020)
796:European Union 17%
738:Iran 2.51% (2019)
661:European Union 25%
610:diamond processing
594:monthly (Q3, 2023)
585:Average net salary
162:$ 64.432 billion (
29:
14169:
14168:
14134:
14133:
13986:Ethnic minorities
13861:
13860:
13762:
13761:
13725:Political parties
13710:National Assembly
13678:Foreign relations
13640:
13639:
13538:
13537:
13513:Armenian genocide
13394:Bagratuni Armenia
13363:Byzantine Armenia
13336:Achaemenid Empire
13321:Kingdom of Urartu
13191:
13190:
13128:other territories
12784:
12783:
12379:
12378:
12340:
12339:
11337:Trade in Services
11291:Quota Elimination
11172:Media related to
10494:Socor, Vladimir.
10419:Socor, Vladimir.
8962:(18): 1266–1268.
8666:. 10 March 2021.
7316:on 21 April 2014.
7306:978-99941-2-503-6
6669:978-1-4387-0940-6
6636:978-90-5410-060-7
6471:10.4000/ejts.4411
6420:. 25 January 2022
6399:978-92-1-004496-7
6374:978-1-4648-1440-2
6086:(2024 ed.).
5851:. 27 August 2019.
5448:(2024 ed.).
5124:poverty threshold
4918:Armenia by rail.
4613:Zvartnots airport
4235:
4234:
4100:
4099:
4042:Stock inward FDI
4020:
4019:
3820:
3819:
3720:
3719:
3288:
3287:
3238:value-added taxes
3087:According to the
3028:
3027:
2862:
2861:
2622:31.7 billion AMD
2619:39.7 billion AMD
2507:industrial sector
2497:Industrial sector
2472:Energy in Armenia
2419:Mining in Armenia
2280:social distancing
2272:COVID-19 pandemic
2255:
2254:
1934:
1933:
1310:began advocating
1308:Mikhail Gorbachev
1128:) are small. The
1084:, the economy of
1054:
1053:
683:Switzerland 20.4%
561:12.5% (2023 est.)
553:13.0% (2024 est.)
355:Population below
16:(Redirected from
14199:
14154:
14147:
13872:
13871:
13835:Waste management
13773:
13772:
13651:
13650:
13558:
13557:
13546:
13459:Karabakh Khanate
13368:Sasanian Armenia
13251:
13250:
13247:
13218:
13211:
13204:
13195:
13194:
13181:
13171:
13170:
13140:Christmas Island
12826:Sovereign states
12818:Economy of Asia
12811:
12804:
12797:
12788:
12787:
12721:Dependencies and
12420:Sovereign states
12406:
12399:
12392:
12383:
12382:
12371:World portal
12369:
12368:
12190:
12189:
11984:Papua New Guinea
11467:Director-General
11362:Doha Declaration
11286:Singapore issues
11219:
11212:
11205:
11196:
11195:
11171:
11156:
11144:
11118:
11117:
11115:
11113:
11094:
11088:
11087:
11085:
11083:
11077:
11070:
11062:
11056:
11055:
11053:
11051:
11032:
11026:
11025:
11023:
11016:
11008:
11002:
11001:
10999:
10997:
10977:
10971:
10970:
10968:
10966:
10947:
10941:
10940:
10938:
10936:
10921:
10912:
10911:
10909:
10907:
10888:
10882:
10881:
10879:
10877:
10871:
10864:
10856:
10847:
10846:
10844:
10842:
10823:
10817:
10816:
10814:
10812:
10801:www.ceicdata.com
10793:
10787:
10786:
10784:
10782:
10763:
10757:
10756:
10754:
10752:
10733:
10727:
10726:
10724:
10722:
10703:
10697:
10696:
10694:
10692:
10686:
10679:
10671:
10658:
10657:
10655:
10653:
10647:
10640:
10632:
10626:
10609:
10598:
10581:
10572:
10555:
10542:
10541:
10534:
10528:
10527:
10522:. Archived from
10516:
10510:
10492:
10483:
10482:
10477:. Archived from
10471:
10465:
10448:
10435:
10417:
10404:
10387:
10378:
10370:
10364:
10349:
10343:
10328:
10322:
10307:
10301:
10293:
10287:
10279:
10273:
10270:Zhamanak Yerevan
10261:
10255:
10240:
10234:
10219:
10213:
10205:
10199:
10184:
10178:
10170:
10164:
10156:
10150:
10131:
10125:
10110:
10104:
10103:
10101:
10099:
10076:
10075:
10070:
10057:
10042:
10031:
10030:
10028:
10026:
10007:
10001:
10000:
9998:
9996:
9985:ARKA News Agency
9977:
9971:
9970:
9968:
9966:
9955:ARKA News Agency
9947:
9938:
9937:
9935:
9933:
9919:
9913:
9912:
9910:
9908:
9889:
9883:
9870:
9864:
9863:
9861:
9859:
9853:
9846:
9838:
9829:
9828:
9826:
9824:
9805:
9799:
9798:
9796:
9794:
9788:
9781:
9773:
9767:
9766:
9764:
9762:
9756:
9749:
9741:
9735:
9734:
9732:
9730:
9719:ARKA News Agency
9711:
9705:
9704:
9702:
9700:
9694:
9687:
9679:
9670:
9669:
9667:
9665:
9646:
9640:
9639:
9637:
9635:
9624:ARKA News Agency
9616:
9610:
9609:
9607:
9600:
9592:
9577:
9576:
9574:
9572:
9552:
9543:
9542:
9540:
9538:
9527:www.ceicdata.com
9519:
9513:
9512:
9510:
9508:
9493:
9487:
9468:
9462:
9461:
9459:
9457:
9438:
9429:
9410:
9399:
9398:
9396:
9394:
9375:
9369:
9352:
9341:
9324:
9315:
9314:
9312:
9310:
9291:
9282:
9281:
9279:
9277:
9262:
9251:
9250:
9248:
9246:
9227:
9221:
9220:
9218:
9216:
9195:
9189:
9188:
9186:
9184:
9164:
9158:
9157:
9155:
9153:
9147:
9136:
9128:
9122:
9121:
9119:
9117:
9098:
9092:
9091:
9089:
9087:
9072:
9066:
9065:
9063:
9061:
9042:
9036:
9035:
9033:
9031:
9016:
9010:
9009:
9007:
9005:
8994:www.facebook.com
8986:
8980:
8979:
8951:
8945:
8944:
8942:
8931:
8923:
8914:
8913:
8911:
8909:
8903:
8896:
8888:
8882:
8881:
8870:
8864:
8863:
8861:
8859:
8853:
8847:. 1 March 2019.
8842:
8834:
8825:
8824:
8822:
8820:
8805:
8799:
8798:
8796:
8794:
8783:ARKA News Agency
8775:
8769:
8768:
8766:
8764:
8745:
8739:
8722:
8713:
8712:
8710:
8708:
8689:
8680:
8679:
8677:
8675:
8656:
8650:
8649:
8647:
8645:
8630:
8624:
8623:
8621:
8619:
8600:
8594:
8593:
8591:
8589:
8570:
8564:
8563:
8561:
8559:
8553:
8546:
8535:
8529:
8528:
8526:
8524:
8505:
8499:
8482:
8471:
8454:
8443:
8442:
8440:
8438:
8419:
8413:
8412:
8410:
8408:
8389:
8383:
8382:
8380:
8378:
8359:
8353:
8352:
8350:
8348:
8333:
8327:
8326:
8324:
8322:
8303:
8297:
8296:
8294:
8292:
8273:
8267:
8266:
8264:
8262:
8251:www.ceicdata.com
8243:
8237:
8236:
8234:
8232:
8221:www.ceicdata.com
8213:
8207:
8206:
8204:
8202:
8187:
8181:
8180:
8178:
8176:
8157:
8151:
8150:
8148:
8146:
8131:
8120:
8119:
8117:
8115:
8095:
8086:
8085:
8083:
8081:
8062:
8056:
8055:
8053:
8051:
8036:
8030:
8029:
8023:
8019:
8017:
8009:
8007:
8005:
7962:
7956:
7955:
7953:
7951:
7936:
7930:
7929:
7927:
7925:
7910:
7904:
7903:
7901:
7899:
7893:
7886:
7878:
7869:
7868:
7866:
7864:
7845:
7839:
7838:
7836:
7834:
7815:
7809:
7808:
7806:
7804:
7798:
7791:
7783:
7774:
7773:
7771:
7769:
7763:
7756:
7748:
7742:
7741:
7739:
7737:
7731:
7720:
7712:
7706:
7689:
7683:
7682:
7680:
7678:
7672:
7665:
7657:
7651:
7650:
7645:. Archived from
7639:
7633:
7632:
7630:
7628:
7613:
7607:
7590:
7581:
7571:
7560:
7559:
7557:
7555:
7549:
7542:
7534:
7523:
7522:
7520:
7518:
7499:
7493:
7492:
7490:
7488:
7482:
7475:
7467:
7456:
7455:
7453:
7451:
7445:
7438:
7430:
7424:
7423:
7421:
7419:
7400:
7394:
7393:
7391:
7389:
7370:
7364:
7363:
7361:
7359:
7340:
7334:
7324:
7318:
7317:
7315:
7309:. Archived from
7298:
7288:
7241:
7240:
7238:
7236:
7217:
7211:
7210:
7208:
7206:
7200:World Bank Blogs
7192:
7186:
7185:
7183:
7181:
7176:
7157:
7148:
7147:
7142:
7134:
7128:
7127:
7125:
7123:
7104:
7098:
7097:
7095:
7093:
7074:
7068:
7067:
7065:
7063:
7044:
7038:
7037:
7035:
7033:
7022:ARKA News Agency
7014:
7008:
7007:
7005:
7003:
6988:
6982:
6981:
6979:
6977:
6962:
6956:
6955:
6953:
6951:
6932:
6923:
6922:
6920:
6918:
6903:
6897:
6896:
6894:
6892:
6873:
6867:
6866:
6864:
6862:
6843:
6837:
6836:
6834:
6832:
6817:
6808:
6807:
6805:
6803:
6784:
6778:
6777:
6775:
6773:
6754:
6748:
6747:
6745:
6743:
6729:
6723:
6722:
6720:
6718:
6698:
6692:
6691:
6680:
6674:
6673:
6654:
6641:
6640:
6628:
6617:
6611:
6610:, p. 50–51.
6605:
6599:
6593:
6582:
6581:, p. 48–50.
6576:
6570:
6564:
6558:
6557:
6525:
6512:
6506:
6500:
6499:, p. 42–43.
6494:
6488:
6487:
6485:
6483:
6473:
6453:
6447:
6441:
6430:
6429:
6427:
6425:
6418:Transparency.org
6410:
6404:
6403:
6385:
6379:
6378:
6360:
6354:
6353:
6351:
6349:
6330:
6324:
6323:
6321:
6319:
6301:
6295:
6294:
6292:
6290:
6279:Fraser Institute
6271:
6265:
6264:
6262:
6260:
6249:www.heritage.org
6241:
6235:
6234:
6232:
6230:
6211:
6205:
6204:
6202:
6200:
6185:
6179:
6178:
6142:
6133:
6132:
6130:
6128:
6109:
6103:
6098:
6096:
6094:
6074:
6068:
6067:
6065:
6063:
6048:
6039:
6038:
6036:
6034:
6015:
6009:
6008:
6006:
6004:
5998:
5991:
5983:
5977:
5965:
5959:
5958:
5956:
5954:
5935:
5926:
5925:
5923:
5921:
5907:
5901:
5900:
5898:
5896:
5881:
5875:
5874:
5872:
5870:
5859:
5853:
5852:
5841:
5835:
5834:
5832:
5830:
5811:
5805:
5804:
5797:
5791:
5790:
5788:
5786:
5767:
5761:
5760:
5758:
5756:
5737:
5731:
5730:
5728:
5726:
5711:
5702:
5701:
5699:
5697:
5674:
5668:
5667:
5665:
5663:
5640:
5634:
5633:
5631:
5629:
5618:
5612:
5611:
5609:
5607:
5592:
5586:
5585:
5583:
5581:
5567:
5561:
5560:
5554:
5550:
5548:
5540:
5538:
5536:
5505:
5499:
5498:
5496:
5494:
5471:
5465:
5460:
5458:
5456:
5436:
5411:
5410:
5403:
5397:
5396:
5394:
5392:
5377:
5338:
5337:
5335:
5333:
5322:World Bank Group
5314:
5308:
5307:
5305:
5303:
5284:
5227:
5225:Economics portal
5222:
5221:
5213:
5208:
5207:
5115:informal economy
5031:Labor occupation
4951:
4950:
4948:
4947:
4946:
4941:
4937:
4934:
4933:
4932:
4929:
4796:Robert Kocharyan
4705:Mikhail Kasyanov
4387:
4381:
4375:
4369:
4363:
4357:
4351:
4345:
4339:
4333:
4327:
4321:
4315:
4309:
4303:
4297:
4291:
4261:
4116:by end of 2017,
4105:
4104:
4050:Million dollars
4044:
4040:
3856:Net flow of FDI
3836:
3835:
3736:
3732:
3702:
3701:
3694:
3462:
3456:
3450:
3444:
3438:
3432:
3426:
3420:
3414:
3409:Switzerland: 12%
3408:
3402:
3396:
3390:
3384:
3357:
3345:
3339:
3333:
3327:
3321:
3315:
3296:
3270:
3269:
3262:
3053:Cash remittances
3010:
3009:
3002:
2938:Financial system
2891:Armenian economy
2751:Insurance system
2591:
2583:
2393:As of 2010, the
2235:
2233:
2232:
2053:Armavir Province
1985:
1983:
1982:
1944:
1943:
1513:
1512:
1380:Nagorno-Karabakh
1191:Fraser Institute
1138:Nagorno-Karabakh
1130:ongoing conflict
1102:Armenians abroad
1090:synthetic rubber
1036:
1035:
1027:
1026:Foreign reserves
1017:
1016:
1009:
1008:
999:
969:
959:
958:
950:
935:
934:
926:
915:
914:
906:
893:
892:
885:
884:
861:
859:
858:
850:
848:
847:
839:
837:
836:
828:
826:
825:
817:
815:
814:
806:
804:
803:
795:
793:
792:
784:
782:
781:
753:
752:
737:
735:
734:
726:
724:
723:
715:
713:
712:
704:
702:
701:
693:
691:
690:
682:
680:
679:
671:
669:
668:
660:
658:
657:
629:
628:
586:
560:
559:
552:
551:
499:
498:
492:1,380,405 (2019)
491:
490:
469:
468:
445:
441:
440:
429:
425:
424:
405:
401:
400:
392:
391:Gini coefficient
379:
378:
371:
370:
360:
343:2.0% (2023 est.)
340:3.1% (2024 est.)
280:(PPP, 2024 est.)
254:
253:
246:
245:
225:
224:
218:8.7% (2023 est.)
217:
216:
210:6.0% (2024 est.)
209:
208:
189:(PPP, 2024 est.)
161:
160:
153:
152:
135:
134:
44:
37:
35:
28:
21:
18:Armenian economy
14207:
14206:
14202:
14201:
14200:
14198:
14197:
14196:
14172:
14171:
14170:
14165:
14157:
14150:
14143:
14130:
14111:National anthem
14074:
14024:
13957:
13857:
13839:
13800:Dram (currency)
13758:
13636:
13547:
13534:
13501:
13475:
13471:Russian Armenia
13429:Ottoman Armenia
13372:
13358:Parthian Empire
13331:Orontid dynasty
13241:
13240:
13231:
13222:
13192:
13187:
13159:
13127:
13118:
13099:Northern Cyprus
13085:
13078:
12820:
12815:
12785:
12780:
12764:
12722:
12716:
12702:Northern Cyprus
12684:
12678:
12594:North Macedonia
12415:
12410:
12380:
12375:
12363:
12336:
12188:
12064:Solomon Islands
11959:North Macedonia
11497:
11473:Roberto Azevêdo
11451:
11378:
11371:
11300:
11264:
11228:
11223:
11164:
11159:
11153:
11132:
11127:
11122:
11121:
11111:
11109:
11096:
11095:
11091:
11081:
11079:
11075:
11068:
11064:
11063:
11059:
11049:
11047:
11034:
11033:
11029:
11021:
11014:
11010:
11009:
11005:
10995:
10993:
10988:(in Armenian).
10978:
10974:
10964:
10962:
10949:
10948:
10944:
10934:
10932:
10923:
10922:
10915:
10905:
10903:
10890:
10889:
10885:
10875:
10873:
10869:
10862:
10858:
10857:
10850:
10840:
10838:
10825:
10824:
10820:
10810:
10808:
10795:
10794:
10790:
10780:
10778:
10765:
10764:
10760:
10750:
10748:
10735:
10734:
10730:
10720:
10718:
10705:
10704:
10700:
10690:
10688:
10684:
10677:
10673:
10672:
10661:
10651:
10649:
10645:
10638:
10634:
10633:
10629:
10619:Wayback Machine
10610:
10601:
10591:Wayback Machine
10582:
10575:
10565:Wayback Machine
10556:
10545:
10536:
10535:
10531:
10518:
10517:
10513:
10508:Wayback Machine
10493:
10486:
10475:"RUSAL ARMENAL"
10473:
10472:
10468:
10458:Wayback Machine
10449:
10438:
10428:Wayback Machine
10418:
10407:
10397:Wayback Machine
10388:
10381:
10371:
10367:
10361:Wayback Machine
10350:
10346:
10340:Wayback Machine
10329:
10325:
10319:Wayback Machine
10308:
10304:
10294:
10290:
10280:
10276:
10262:
10258:
10252:Wayback Machine
10241:
10237:
10231:Wayback Machine
10220:
10216:
10206:
10202:
10196:Wayback Machine
10185:
10181:
10171:
10167:
10157:
10153:
10143:Wayback Machine
10132:
10128:
10122:Wayback Machine
10111:
10107:
10097:
10095:
10082:
10073:
10071:
10060:
10054:Wayback Machine
10043:
10034:
10024:
10022:
10009:
10008:
10004:
9994:
9992:
9979:
9978:
9974:
9964:
9962:
9949:
9948:
9941:
9931:
9929:
9921:
9920:
9916:
9906:
9904:
9891:
9890:
9886:
9880:Wayback Machine
9871:
9867:
9857:
9855:
9851:
9847:(in Armenian).
9844:
9840:
9839:
9832:
9822:
9820:
9807:
9806:
9802:
9792:
9790:
9786:
9779:
9775:
9774:
9770:
9760:
9758:
9754:
9747:
9743:
9742:
9738:
9728:
9726:
9713:
9712:
9708:
9698:
9696:
9692:
9685:
9681:
9680:
9673:
9663:
9661:
9648:
9647:
9643:
9633:
9631:
9618:
9617:
9613:
9605:
9598:
9594:
9593:
9580:
9570:
9568:
9563:(in Armenian).
9553:
9546:
9536:
9534:
9521:
9520:
9516:
9506:
9504:
9495:
9494:
9490:
9480:Wayback Machine
9469:
9465:
9455:
9453:
9440:
9439:
9432:
9422:Wayback Machine
9411:
9402:
9392:
9390:
9377:
9376:
9372:
9362:Wayback Machine
9353:
9344:
9334:Wayback Machine
9325:
9318:
9308:
9306:
9293:
9292:
9285:
9275:
9273:
9268:(in Armenian).
9264:
9263:
9254:
9244:
9242:
9237:. 21 May 2019.
9229:
9228:
9224:
9214:
9212:
9197:
9196:
9192:
9182:
9180:
9165:
9161:
9151:
9149:
9145:
9134:
9130:
9129:
9125:
9115:
9113:
9100:
9099:
9095:
9085:
9083:
9074:
9073:
9069:
9059:
9057:
9044:
9043:
9039:
9029:
9027:
9018:
9017:
9013:
9003:
9001:
8988:
8987:
8983:
8952:
8948:
8940:
8929:
8925:
8924:
8917:
8907:
8905:
8901:
8894:
8890:
8889:
8885:
8872:
8871:
8867:
8857:
8855:
8851:
8840:
8836:
8835:
8828:
8818:
8816:
8807:
8806:
8802:
8792:
8790:
8777:
8776:
8772:
8762:
8760:
8747:
8746:
8742:
8732:Wayback Machine
8723:
8716:
8706:
8704:
8691:
8690:
8683:
8673:
8671:
8658:
8657:
8653:
8643:
8641:
8632:
8631:
8627:
8617:
8615:
8608:PanARMENIAN.Net
8602:
8601:
8597:
8587:
8585:
8572:
8571:
8567:
8557:
8555:
8551:
8544:
8536:
8532:
8522:
8520:
8507:
8506:
8502:
8492:Wayback Machine
8483:
8474:
8464:Wayback Machine
8455:
8446:
8436:
8434:
8427:country.eiu.com
8421:
8420:
8416:
8406:
8404:
8391:
8390:
8386:
8376:
8374:
8361:
8360:
8356:
8346:
8344:
8335:
8334:
8330:
8320:
8318:
8305:
8304:
8300:
8290:
8288:
8275:
8274:
8270:
8260:
8258:
8245:
8244:
8240:
8230:
8228:
8215:
8214:
8210:
8200:
8198:
8189:
8188:
8184:
8174:
8172:
8159:
8158:
8154:
8144:
8142:
8133:
8132:
8123:
8113:
8111:
8106:(in Armenian).
8096:
8089:
8079:
8077:
8064:
8063:
8059:
8049:
8047:
8038:
8037:
8033:
8021:
8020:
8011:
8010:
8003:
8001:
7986:
7964:
7963:
7959:
7949:
7947:
7945:www.panorama.am
7937:
7933:
7923:
7921:
7911:
7907:
7897:
7895:
7891:
7884:
7880:
7879:
7872:
7862:
7860:
7847:
7846:
7842:
7832:
7830:
7817:
7816:
7812:
7802:
7800:
7796:
7789:
7785:
7784:
7777:
7767:
7765:
7761:
7754:
7750:
7749:
7745:
7735:
7733:
7729:
7718:
7714:
7713:
7709:
7699:Wayback Machine
7690:
7686:
7676:
7674:
7670:
7663:
7659:
7658:
7654:
7641:
7640:
7636:
7626:
7624:
7615:
7614:
7610:
7600:Wayback Machine
7591:
7584:
7572:
7563:
7553:
7551:
7547:
7540:
7536:
7535:
7526:
7516:
7514:
7501:
7500:
7496:
7486:
7484:
7480:
7473:
7469:
7468:
7459:
7449:
7447:
7443:
7436:
7432:
7431:
7427:
7417:
7415:
7402:
7401:
7397:
7387:
7385:
7372:
7371:
7367:
7357:
7355:
7342:
7341:
7337:
7325:
7321:
7313:
7307:
7296:
7290:
7289:
7244:
7234:
7232:
7219:
7218:
7214:
7204:
7202:
7194:
7193:
7189:
7179:
7177:
7159:
7158:
7151:
7140:
7136:
7135:
7131:
7121:
7119:
7106:
7105:
7101:
7091:
7089:
7076:
7075:
7071:
7061:
7059:
7046:
7045:
7041:
7031:
7029:
7016:
7015:
7011:
7001:
6999:
6990:
6989:
6985:
6975:
6973:
6964:
6963:
6959:
6949:
6947:
6934:
6933:
6926:
6916:
6914:
6905:
6904:
6900:
6890:
6888:
6875:
6874:
6870:
6860:
6858:
6845:
6844:
6840:
6830:
6828:
6821:"ARKA 2017 GDP"
6819:
6818:
6811:
6801:
6799:
6786:
6785:
6781:
6771:
6769:
6756:
6755:
6751:
6741:
6739:
6731:
6730:
6726:
6716:
6714:
6709:(in Armenian).
6699:
6695:
6682:
6681:
6677:
6670:
6656:
6655:
6644:
6637:
6626:
6618:
6614:
6606:
6602:
6594:
6585:
6577:
6573:
6565:
6561:
6526:
6515:
6507:
6503:
6495:
6491:
6481:
6479:
6454:
6450:
6442:
6433:
6423:
6421:
6412:
6411:
6407:
6400:
6386:
6382:
6375:
6361:
6357:
6347:
6345:
6332:
6331:
6327:
6317:
6315:
6303:
6302:
6298:
6288:
6286:
6273:
6272:
6268:
6258:
6256:
6243:
6242:
6238:
6228:
6226:
6213:
6212:
6208:
6198:
6196:
6187:
6186:
6182:
6143:
6136:
6126:
6124:
6111:
6110:
6106:
6092:
6090:
6076:
6075:
6071:
6061:
6059:
6050:
6049:
6042:
6032:
6030:
6017:
6016:
6012:
6002:
6000:
5996:
5989:
5985:
5984:
5980:
5975:Wayback Machine
5966:
5962:
5952:
5950:
5937:
5936:
5929:
5919:
5917:
5909:
5908:
5904:
5894:
5892:
5883:
5882:
5878:
5868:
5866:
5861:
5860:
5856:
5843:
5842:
5838:
5828:
5826:
5813:
5812:
5808:
5799:
5798:
5794:
5784:
5782:
5769:
5768:
5764:
5754:
5752:
5739:
5738:
5734:
5724:
5722:
5713:
5712:
5705:
5695:
5693:
5676:
5675:
5671:
5661:
5659:
5642:
5641:
5637:
5627:
5625:
5620:
5619:
5615:
5605:
5603:
5602:. 13 March 2024
5594:
5593:
5589:
5579:
5577:
5569:
5568:
5564:
5552:
5551:
5542:
5541:
5534:
5532:
5525:
5507:
5506:
5502:
5492:
5490:
5473:
5472:
5468:
5454:
5452:
5438:
5437:
5414:
5405:
5404:
5400:
5390:
5388:
5387:. 16 April 2024
5379:
5378:
5341:
5331:
5329:
5316:
5315:
5311:
5301:
5299:
5286:
5285:
5281:
5276:
5223:
5216:
5211:Business portal
5209:
5202:
5199:
5181:
5175:
5151:
5149:Migrant workers
5142:
5103:Hrant Bagratyan
5090:Nikol Pashinyan
5078:
5063:
5055:
5049:
5033:
5028:
5013:
4990:
4944:
4942:
4938:
4935:
4930:
4927:
4925:
4923:
4922:
4889:
4887:Through Georgia
4882:
4879:
4871:
4860:
4848:
4835:
4829:
4805:Serge Sarkisian
4794:Critics of the
4792:
4784:Gazprom Armenia
4717:Serge Sarkisian
4678:
4644:Hrant Bagratyan
4625:anticompetitive
4540:Gazprom Armenia
4529:
4524:
4518:
4498:
4478:
4452:
4439:
4403:
4398:
4393:
4392:
4391:
4385:
4379:
4373:
4367:
4361:
4355:
4349:
4343:
4337:
4331:
4325:
4319:
4313:
4307:
4301:
4295:
4289:
4285:
4284:
4280:
4259:
4247:
4118:in billion AMD
4115:
4038:and the world.
4028:
3861:in billion AMD
3852:in billion AMD
3849:
3848:Net flow of FDI
3721:
3716:
3703:
3699:
3691:
3665:
3656:
3647:
3635:
3626:
3614:
3592:
3566:
3556:
3551:
3528:
3504:
3468:
3467:
3466:
3460:
3454:
3448:
3442:
3436:
3430:
3424:
3418:
3412:
3406:
3400:
3397:Netherlands: 4%
3394:
3388:
3385:Bulgaria: 12.8%
3382:
3378:
3377:
3373:
3355:
3350:
3349:
3343:
3337:
3331:
3325:
3319:
3313:
3309:
3308:
3304:
3294:
3284:
3271:
3267:
3260:
3255:
3250:
3234:
3232:Value-added tax
3225:
3216:
3207:
3202:
3196:
3190:
3168:In August 2019
3166:
3161:
3155:
3134:
3111:
3105:
3055:
3040:
3035:
3034:
3033:
3032:
3029:
3024:
3011:
3007:
2993:
2957:
2952:
2946:
2940:
2876:
2870:
2576:
2570:
2561:
2555:
2537:
2520:services sector
2516:
2514:Services sector
2499:
2490:
2488:Digital economy
2478:
2470:Main articles:
2468:
2444:
2421:
2415:
2310:
2304:
2299:
2260:
2230:
2228:
2185:Tavush Province
2119:Shirak Province
2075:Syunik Province
2031:Kotayk Province
2009:Ararat Province
1980:
1978:
1939:
1468:
1418:earthquake zone
1372:1988 earthquake
1367:planned economy
1360:Hrant Bagratyan
1312:economic reform
1304:
1235:
1161:
1155:
1142:economic system
1118:
1056:
1050:
1029:
1025:
1011:
1001:
997:
971:
967:
952:
949:Government debt
948:
941:Public finances
928:
924:
908:
905:Current account
904:
897:
875:
865:
856:
854:
845:
843:
834:
832:
823:
821:
812:
810:
801:
799:
790:
788:
779:
777:
771:
761:
741:
732:
730:
721:
719:
710:
708:
699:
697:
688:
686:
677:
675:
666:
664:
655:
653:
647:
637:
601:
600:Main industries
588:
584:
571:
564:
537:
510:
503:
481:
462:
453:
443:
427:
415:
403:
394:
390:
383:
361:
356:
349:
334:
320:
290:
283:
265:
258:
236:
229:
199:
192:
169:
118:
104:
80:
70:
50:
31:
23:
22:
15:
12:
11:
5:
14205:
14195:
14194:
14189:
14184:
14167:
14166:
14164:
14163:
14156:
14155:
14148:
14140:
14139:
14136:
14135:
14132:
14131:
14129:
14128:
14123:
14118:
14113:
14108:
14103:
14098:
14093:
14088:
14086:Armenian Cross
14082:
14080:
14076:
14075:
14073:
14072:
14065:
14060:
14055:
14050:
14045:
14040:
14034:
14032:
14026:
14025:
14023:
14022:
14015:
14010:
14005:
14004:
14003:
13993:
13988:
13983:
13978:
13973:
13967:
13965:
13959:
13958:
13956:
13955:
13948:
13943:
13938:
13933:
13928:
13927:
13926:
13921:
13911:
13906:
13896:
13891:
13886:
13881:
13875:
13869:
13863:
13862:
13859:
13858:
13856:
13855:
13849:
13847:
13841:
13840:
13838:
13837:
13832:
13827:
13822:
13817:
13815:Pension reform
13812:
13807:
13802:
13797:
13792:
13787:
13782:
13776:
13770:
13764:
13763:
13760:
13759:
13757:
13756:
13749:
13742:
13737:
13735:Prime Minister
13732:
13727:
13722:
13717:
13712:
13707:
13702:
13697:
13696:
13695:
13685:
13680:
13675:
13670:
13665:
13660:
13654:
13648:
13642:
13641:
13638:
13637:
13635:
13634:
13627:
13622:
13617:
13612:
13607:
13605:Municipalities
13602:
13597:
13592:
13590:Extreme points
13587:
13582:
13577:
13572:
13567:
13561:
13555:
13549:
13548:
13541:
13539:
13536:
13535:
13533:
13532:
13525:
13520:
13515:
13509:
13507:
13503:
13502:
13500:
13499:
13494:
13492:Soviet Armenia
13489:
13483:
13481:
13477:
13476:
13474:
13473:
13468:
13467:
13466:
13461:
13456:
13454:Erivan Khanate
13446:
13441:
13436:
13431:
13426:
13421:
13416:
13411:
13406:
13401:
13396:
13391:
13386:
13380:
13378:
13374:
13373:
13371:
13370:
13365:
13360:
13355:
13350:
13345:
13344:
13343:
13333:
13328:
13326:Median kingdom
13323:
13318:
13313:
13308:
13303:
13298:
13293:
13288:
13283:
13278:
13273:
13268:
13263:
13257:
13255:
13248:
13233:
13232:
13221:
13220:
13213:
13206:
13198:
13189:
13188:
13186:
13185:
13175:
13164:
13161:
13160:
13158:
13157:
13152:
13147:
13142:
13137:
13131:
13129:
13120:
13119:
13117:
13116:
13111:
13106:
13101:
13096:
13090:
13088:
13080:
13079:
13077:
13076:
13071:
13066:
13061:
13056:
13051:
13046:
13041:
13036:
13031:
13026:
13021:
13016:
13011:
13006:
13001:
12996:
12991:
12986:
12981:
12976:
12971:
12966:
12961:
12956:
12951:
12946:
12941:
12936:
12931:
12926:
12921:
12916:
12911:
12906:
12901:
12896:
12891:
12886:
12881:
12876:
12871:
12866:
12861:
12856:
12851:
12846:
12841:
12836:
12830:
12828:
12822:
12821:
12814:
12813:
12806:
12799:
12791:
12782:
12781:
12779:
12778:
12776:European Union
12772:
12770:
12769:Other entities
12766:
12765:
12763:
12762:
12757:
12752:
12747:
12742:
12737:
12732:
12726:
12724:
12723:other entities
12718:
12717:
12715:
12714:
12709:
12704:
12699:
12694:
12688:
12686:
12680:
12679:
12677:
12676:
12671:
12669:United Kingdom
12666:
12661:
12656:
12651:
12646:
12641:
12636:
12631:
12626:
12621:
12616:
12611:
12606:
12601:
12596:
12591:
12586:
12581:
12576:
12571:
12566:
12561:
12556:
12551:
12546:
12541:
12536:
12534:
12529:
12524:
12519:
12514:
12509:
12504:
12499:
12494:
12489:
12484:
12482:Czech Republic
12479:
12474:
12469:
12464:
12459:
12454:
12449:
12444:
12439:
12434:
12429:
12423:
12421:
12417:
12416:
12409:
12408:
12401:
12394:
12386:
12377:
12376:
12360:
12359:
12352:
12345:
12342:
12341:
12338:
12337:
12335:
12334:
12329:
12324:
12319:
12314:
12309:
12304:
12299:
12294:
12289:
12284:
12279:
12274:
12269:
12264:
12259:
12254:
12249:
12244:
12239:
12234:
12229:
12227:Czech Republic
12224:
12219:
12214:
12209:
12204:
12198:
12196:
12194:European Union
12187:
12186:
12181:
12176:
12171:
12166:
12161:
12156:
12151:
12149:United Kingdom
12146:
12141:
12136:
12131:
12126:
12121:
12116:
12111:
12106:
12101:
12096:
12091:
12086:
12081:
12076:
12071:
12066:
12061:
12056:
12051:
12046:
12041:
12036:
12031:
12026:
12021:
12016:
12011:
12006:
12001:
11996:
11991:
11986:
11981:
11976:
11971:
11966:
11961:
11956:
11951:
11946:
11941:
11936:
11931:
11926:
11921:
11916:
11911:
11906:
11901:
11896:
11891:
11886:
11881:
11876:
11871:
11866:
11861:
11856:
11851:
11846:
11841:
11836:
11831:
11826:
11821:
11816:
11811:
11806:
11801:
11796:
11791:
11786:
11781:
11776:
11771:
11766:
11761:
11756:
11751:
11746:
11741:
11736:
11731:
11726:
11721:
11716:
11711:
11706:
11701:
11696:
11691:
11686:
11681:
11676:
11671:
11666:
11661:
11656:
11651:
11646:
11641:
11636:
11631:
11626:
11621:
11616:
11611:
11606:
11601:
11596:
11591:
11586:
11581:
11576:
11571:
11566:
11561:
11556:
11551:
11546:
11541:
11536:
11531:
11526:
11521:
11516:
11511:
11505:
11503:
11499:
11498:
11496:
11495:
11490:
11488:Alejandro Jara
11485:
11480:
11475:
11470:
11459:
11457:
11453:
11452:
11450:
11449:
11444:
11439:
11434:
11429:
11424:
11419:
11414:
11409:
11404:
11399:
11394:
11389:
11383:
11381:
11373:
11372:
11370:
11369:
11364:
11359:
11354:
11349:
11344:
11339:
11334:
11329:
11324:
11319:
11314:
11308:
11306:
11302:
11301:
11299:
11298:
11293:
11288:
11283:
11278:
11272:
11270:
11266:
11265:
11263:
11262:
11257:
11252:
11247:
11245:Appellate Body
11242:
11236:
11234:
11230:
11229:
11222:
11221:
11214:
11207:
11199:
11193:
11192:
11187:
11182:
11177:
11163:
11162:External links
11160:
11158:
11157:
11151:
11133:
11131:
11128:
11126:
11123:
11120:
11119:
11089:
11057:
11027:
11003:
10972:
10955:www.armstat.am
10942:
10913:
10883:
10848:
10831:www.armstat.am
10818:
10788:
10771:www.armstat.am
10758:
10728:
10711:www.armstat.am
10698:
10659:
10627:
10599:
10573:
10543:
10540:(in Armenian).
10529:
10511:
10484:
10466:
10436:
10405:
10379:
10365:
10344:
10323:
10302:
10288:
10274:
10256:
10235:
10214:
10200:
10179:
10165:
10151:
10126:
10105:
10058:
10032:
10002:
9972:
9939:
9914:
9884:
9865:
9830:
9800:
9768:
9736:
9706:
9671:
9641:
9611:
9601:(in Russian).
9578:
9544:
9514:
9488:
9463:
9430:
9400:
9370:
9342:
9316:
9283:
9252:
9222:
9190:
9159:
9141:(in Russian).
9123:
9093:
9067:
9037:
9011:
8981:
8946:
8915:
8883:
8865:
8826:
8800:
8770:
8740:
8714:
8681:
8651:
8625:
8595:
8565:
8530:
8500:
8472:
8444:
8414:
8384:
8354:
8328:
8311:www.armstat.am
8298:
8281:www.finport.am
8268:
8238:
8208:
8182:
8152:
8121:
8087:
8057:
8031:
8022:|website=
7984:
7957:
7931:
7905:
7870:
7840:
7810:
7775:
7743:
7707:
7684:
7652:
7634:
7608:
7582:
7561:
7524:
7494:
7457:
7425:
7395:
7365:
7335:
7319:
7305:
7242:
7212:
7187:
7149:
7129:
7099:
7069:
7039:
7009:
6983:
6957:
6924:
6898:
6868:
6851:www.google.com
6838:
6809:
6779:
6749:
6724:
6693:
6675:
6668:
6642:
6635:
6612:
6600:
6583:
6571:
6559:
6540:(2): 193–222.
6513:
6501:
6489:
6448:
6431:
6405:
6398:
6380:
6373:
6355:
6325:
6296:
6266:
6236:
6206:
6180:
6134:
6117:www.export.gov
6104:
6069:
6040:
6010:
5978:
5960:
5927:
5902:
5876:
5854:
5836:
5819:massispost.com
5806:
5792:
5762:
5732:
5703:
5669:
5635:
5613:
5587:
5562:
5553:|website=
5523:
5500:
5466:
5412:
5398:
5339:
5309:
5278:
5277:
5275:
5272:
5271:
5270:
5265:
5260:
5255:
5250:
5245:
5240:
5235:
5229:
5228:
5214:
5198:
5195:
5174:
5171:
5159:migrant worker
5150:
5147:
5141:
5138:
5077:
5074:
5062:
5059:
5048:
5045:
5041:South Caucasus
5032:
5029:
5027:
5024:
5012:
5009:
4989:
4986:
4888:
4885:
4878:
4875:
4870:
4867:
4859:
4856:
4847:
4844:
4828:
4825:
4791:
4788:
4734:
4733:
4730:
4727:
4677:
4674:
4640:prime minister
4621:
4620:
4616:
4611:(supplying to
4605:
4590:
4589:
4586:
4583:
4572:
4571:
4565:
4558:
4547:
4528:
4525:
4517:
4514:
4497:
4494:
4451:
4448:
4438:
4437:European Union
4435:
4402:
4399:
4397:
4394:
4390:
4389:
4383:
4377:
4371:
4365:
4359:
4353:
4347:
4341:
4335:
4329:
4323:
4317:
4311:
4305:
4299:
4293:
4286:
4257:
4256:
4255:
4254:
4246:
4243:
4233:
4232:
4229:
4225:
4224:
4221:
4217:
4216:
4213:
4209:
4208:
4205:
4201:
4200:
4197:
4193:
4192:
4189:
4185:
4184:
4181:
4177:
4176:
4173:
4169:
4168:
4165:
4161:
4160:
4157:
4153:
4152:
4149:
4145:
4144:
4141:
4137:
4136:
4133:
4129:
4128:
4125:
4121:
4120:
4114:Stock net FDI
4112:
4098:
4097:
4094:
4091:
4087:
4086:
4083:
4080:
4076:
4075:
4072:
4069:
4065:
4064:
4062:
4059:
4055:
4054:
4051:
4048:
4027:
4024:
4018:
4017:
4014:
4011:
4007:
4006:
4003:
4000:
3996:
3995:
3992:
3989:
3985:
3984:
3981:
3978:
3974:
3973:
3970:
3967:
3963:
3962:
3959:
3956:
3952:
3951:
3948:
3945:
3941:
3940:
3937:
3934:
3930:
3929:
3926:
3923:
3919:
3918:
3915:
3912:
3908:
3907:
3904:
3901:
3897:
3896:
3893:
3890:
3886:
3885:
3882:
3879:
3875:
3874:
3871:
3868:
3864:
3863:
3854:
3846:
3818:
3817:
3814:
3811:
3808:
3805:
3801:
3800:
3797:
3794:
3791:
3788:
3784:
3783:
3780:
3777:
3774:
3771:
3767:
3766:
3764:
3762:
3760:
3757:
3753:
3752:
3749:
3746:
3743:
3740:
3718:
3717:
3706:
3704:
3697:
3692:
3690:
3687:
3664:
3661:
3655:
3652:
3646:
3643:
3634:
3631:
3625:
3622:
3613:
3610:
3591:
3588:
3583:European Union
3555:
3554:European Union
3552:
3550:
3547:
3527:
3524:
3503:
3500:
3465:
3464:
3458:
3452:
3446:
3440:
3434:
3428:
3422:
3416:
3410:
3404:
3398:
3392:
3386:
3379:
3353:
3352:
3351:
3348:
3347:
3341:
3335:
3329:
3323:
3317:
3310:
3292:
3291:
3290:
3289:
3286:
3285:
3274:
3272:
3265:
3259:
3256:
3254:
3251:
3249:
3246:
3233:
3230:
3224:
3221:
3215:
3212:
3206:
3203:
3192:Main article:
3189:
3186:
3165:
3162:
3154:
3151:
3141:unemployment.
3133:
3130:
3107:Main article:
3104:
3101:
3084:productivity.
3054:
3051:
3039:
3036:
3030:
3026:
3025:
3014:
3012:
3005:
3000:
2999:
2998:
2997:
2992:
2989:
2956:
2953:
2942:Main article:
2939:
2936:
2872:Main article:
2869:
2866:
2860:
2859:
2857:
2854:
2850:
2849:
2847:
2844:
2840:
2839:
2837:
2835:
2829:
2828:
2826:
2823:
2819:
2818:
2816:
2813:
2809:
2808:
2806:
2803:
2799:
2798:
2796:
2794:
2788:
2787:
2785:
2782:
2778:
2777:
2775:
2772:
2768:
2767:
2765:
2762:
2758:
2757:
2755:
2753:
2747:
2746:
2744:
2741:
2737:
2736:
2734:
2731:
2727:
2726:
2724:
2721:
2717:
2716:
2714:
2712:
2706:
2705:
2703:
2700:
2696:
2695:
2693:
2690:
2686:
2685:
2683:
2680:
2676:
2675:
2673:
2670:
2666:
2665:
2663:
2660:
2656:
2655:
2653:
2650:
2646:
2645:
2642:
2639:
2635:
2634:
2631:
2628:
2624:
2623:
2620:
2617:
2613:
2612:
2610:
2608:
2606:Banking system
2602:
2601:
2598:
2595:
2572:Main article:
2569:
2566:
2554:
2551:
2536:
2533:
2515:
2512:
2498:
2495:
2489:
2486:
2467:
2464:
2443:
2440:
2417:Main article:
2414:
2411:
2357:
2356:
2353:
2350:
2347:
2344:
2341:
2338:
2335:
2332:
2329:
2326:
2323:
2320:
2317:
2306:Main article:
2303:
2300:
2298:
2295:
2259:
2258:2020 recession
2256:
2253:
2252:
2249:
2246:
2243:
2240:
2225:
2222:
2221:
2218:
2215:
2212:
2209:
2204:
2200:
2199:
2196:
2193:
2190:
2187:
2182:
2178:
2177:
2174:
2171:
2168:
2165:
2160:
2156:
2155:
2152:
2149:
2146:
2143:
2138:
2134:
2133:
2130:
2127:
2124:
2121:
2116:
2112:
2111:
2108:
2105:
2102:
2099:
2094:
2090:
2089:
2086:
2083:
2080:
2077:
2072:
2068:
2067:
2064:
2061:
2058:
2055:
2050:
2046:
2045:
2042:
2039:
2036:
2033:
2028:
2024:
2023:
2020:
2017:
2014:
2011:
2006:
2002:
2001:
1998:
1995:
1992:
1989:
1976:
1972:
1971:
1968:
1965:
1958:
1951:
1948:
1938:
1935:
1932:
1931:
1928:
1926:
1923:
1920:
1916:
1915:
1912:
1910:
1907:
1904:
1900:
1899:
1896:
1894:
1891:
1888:
1884:
1883:
1880:
1878:
1875:
1872:
1868:
1867:
1864:
1862:
1859:
1856:
1852:
1851:
1848:
1846:
1843:
1840:
1836:
1835:
1832:
1830:
1827:
1824:
1820:
1819:
1816:
1814:
1811:
1808:
1804:
1803:
1800:
1797:
1794:
1791:
1787:
1786:
1783:
1780:
1777:
1774:
1770:
1769:
1766:
1763:
1760:
1757:
1753:
1752:
1749:
1746:
1743:
1740:
1736:
1735:
1732:
1729:
1726:
1723:
1719:
1718:
1715:
1712:
1709:
1706:
1702:
1701:
1698:
1695:
1692:
1689:
1685:
1684:
1681:
1678:
1675:
1672:
1668:
1667:
1664:
1661:
1658:
1655:
1651:
1650:
1647:
1644:
1641:
1638:
1634:
1633:
1630:
1627:
1624:
1621:
1617:
1616:
1613:
1610:
1607:
1604:
1600:
1599:
1596:
1593:
1590:
1587:
1583:
1582:
1579:
1576:
1573:
1570:
1566:
1565:
1562:
1559:
1556:
1553:
1549:
1548:
1545:
1542:
1539:
1536:
1532:
1531:
1526:
1523:
1520:
1517:
1467:
1464:
1451:. However the
1441:European Union
1389:hyperinflation
1303:
1300:
1260:Vladimir Lenin
1234:
1231:
1205:Doing Business
1154:
1151:
1117:
1114:
1067:Armenian drams
1052:
1051:
1042:
1039:
1038:
1030:
1023:
1020:
1019:
1002:
995:
992:
991:
988:
984:
983:
980:
976:
975:
972:
968:Budget balance
965:
962:
961:
953:
946:
943:
942:
938:
937:
929:
921:
918:
917:
909:
902:
899:
898:
896:
895:
887:
878:
876:
870:
867:
866:
864:
863:
852:
841:
830:
819:
808:
797:
786:
774:
772:
769:
766:
765:
762:
759:
756:
755:
747:
743:
742:
740:
739:
728:
717:
706:
695:
684:
673:
662:
650:
648:
645:
642:
641:
638:
635:
632:
631:
623:
619:
618:
614:
613:
602:
599:
596:
595:
589:
582:
579:
578:
572:
569:
566:
565:
563:
562:
554:
545:
543:
539:
538:
536:
535:
532:
526:
520:
513:
511:
508:
505:
504:
502:
501:
493:
484:
482:
479:
476:
475:
463:
458:
455:
454:
452:
451:
435:
418:
416:
411:
408:
407:
395:
388:
385:
384:
382:
381:
373:
364:
362:
354:
351:
350:
348:
347:
344:
341:
337:
335:
325:
322:
321:
319:
318:
317:: 8.25% (2023)
312:
306:
300:
293:
291:
288:
285:
284:
282:
281:
275:
268:
266:
263:
260:
259:
257:
256:
248:
239:
237:
235:GDP per capita
234:
231:
230:
228:
227:
219:
211:
202:
200:
197:
194:
193:
191:
190:
184:
177:
175:
171:
170:
168:
167:
155:
146:
144:
138:
137:
129:
125:
124:
120:
119:
117:
116:
113:
107:
105:
102:
99:
98:
81:
78:
75:
74:
71:
66:
63:
62:
56:
52:
51:
45:
9:
6:
4:
3:
2:
14204:
14193:
14190:
14188:
14185:
14183:
14180:
14179:
14177:
14162:
14159:
14158:
14153:
14149:
14146:
14142:
14141:
14137:
14127:
14124:
14122:
14119:
14117:
14114:
14112:
14109:
14107:
14104:
14102:
14099:
14097:
14094:
14092:
14089:
14087:
14084:
14083:
14081:
14077:
14071:
14070:
14066:
14064:
14061:
14059:
14056:
14054:
14051:
14049:
14046:
14044:
14041:
14039:
14036:
14035:
14033:
14031:
14027:
14021:
14020:
14016:
14014:
14011:
14009:
14008:Social issues
14006:
14002:
13999:
13998:
13997:
13994:
13992:
13989:
13987:
13984:
13982:
13979:
13977:
13974:
13972:
13969:
13968:
13966:
13964:
13960:
13954:
13953:
13949:
13947:
13944:
13942:
13939:
13937:
13934:
13932:
13929:
13925:
13922:
13920:
13917:
13916:
13915:
13912:
13910:
13907:
13904:
13900:
13897:
13895:
13892:
13890:
13887:
13885:
13882:
13880:
13877:
13876:
13873:
13870:
13868:
13864:
13854:
13851:
13850:
13848:
13846:
13842:
13836:
13833:
13831:
13828:
13826:
13823:
13821:
13818:
13816:
13813:
13811:
13808:
13806:
13803:
13801:
13798:
13796:
13793:
13791:
13788:
13786:
13783:
13781:
13778:
13777:
13774:
13771:
13769:
13765:
13755:
13754:
13750:
13748:
13747:
13743:
13741:
13738:
13736:
13733:
13731:
13728:
13726:
13723:
13721:
13718:
13716:
13713:
13711:
13708:
13706:
13703:
13701:
13698:
13694:
13691:
13690:
13689:
13686:
13684:
13681:
13679:
13676:
13674:
13671:
13669:
13666:
13664:
13661:
13659:
13656:
13655:
13652:
13649:
13647:
13643:
13633:
13632:
13628:
13626:
13623:
13621:
13618:
13616:
13613:
13611:
13608:
13606:
13603:
13601:
13598:
13596:
13593:
13591:
13588:
13586:
13583:
13581:
13578:
13576:
13573:
13571:
13568:
13566:
13563:
13562:
13559:
13556:
13554:
13550:
13545:
13531:
13530:
13526:
13524:
13521:
13519:
13516:
13514:
13511:
13510:
13508:
13504:
13498:
13495:
13493:
13490:
13488:
13485:
13484:
13482:
13478:
13472:
13469:
13465:
13462:
13460:
13457:
13455:
13452:
13451:
13450:
13447:
13445:
13444:Afsharid Iran
13442:
13440:
13437:
13435:
13432:
13430:
13427:
13425:
13422:
13420:
13417:
13415:
13412:
13410:
13407:
13405:
13402:
13400:
13397:
13395:
13392:
13390:
13387:
13385:
13382:
13381:
13379:
13375:
13369:
13366:
13364:
13361:
13359:
13356:
13354:
13353:Roman Armenia
13351:
13349:
13346:
13342:
13339:
13338:
13337:
13334:
13332:
13329:
13327:
13324:
13322:
13319:
13317:
13314:
13312:
13309:
13307:
13304:
13302:
13299:
13297:
13294:
13292:
13289:
13287:
13284:
13282:
13279:
13277:
13274:
13272:
13269:
13267:
13264:
13262:
13259:
13258:
13256:
13252:
13249:
13245:
13238:
13234:
13230:
13226:
13219:
13214:
13212:
13207:
13205:
13200:
13199:
13196:
13184:
13180:
13176:
13174:
13166:
13165:
13162:
13156:
13153:
13151:
13148:
13146:
13143:
13141:
13138:
13136:
13133:
13132:
13130:
13125:
13121:
13115:
13112:
13110:
13109:South Ossetia
13107:
13105:
13102:
13100:
13097:
13095:
13092:
13091:
13089:
13087:
13081:
13075:
13072:
13070:
13067:
13065:
13062:
13060:
13057:
13055:
13052:
13050:
13047:
13045:
13042:
13040:
13037:
13035:
13032:
13030:
13027:
13025:
13022:
13020:
13017:
13015:
13012:
13010:
13007:
13005:
13002:
13000:
12997:
12995:
12992:
12990:
12987:
12985:
12982:
12980:
12977:
12975:
12972:
12970:
12967:
12965:
12962:
12960:
12957:
12955:
12952:
12950:
12947:
12945:
12942:
12940:
12937:
12935:
12932:
12930:
12927:
12925:
12922:
12920:
12917:
12915:
12912:
12910:
12907:
12905:
12902:
12900:
12897:
12895:
12892:
12890:
12887:
12885:
12882:
12880:
12877:
12875:
12872:
12870:
12867:
12865:
12862:
12860:
12857:
12855:
12852:
12850:
12847:
12845:
12842:
12840:
12837:
12835:
12832:
12831:
12829:
12827:
12823:
12819:
12812:
12807:
12805:
12800:
12798:
12793:
12792:
12789:
12777:
12774:
12773:
12771:
12767:
12761:
12758:
12756:
12753:
12751:
12748:
12746:
12743:
12741:
12738:
12736:
12735:Faroe Islands
12733:
12731:
12728:
12727:
12725:
12719:
12713:
12710:
12708:
12707:South Ossetia
12705:
12703:
12700:
12698:
12695:
12693:
12690:
12689:
12687:
12681:
12675:
12672:
12670:
12667:
12665:
12662:
12660:
12657:
12655:
12652:
12650:
12647:
12645:
12642:
12640:
12637:
12635:
12632:
12630:
12627:
12625:
12622:
12620:
12617:
12615:
12612:
12610:
12607:
12605:
12602:
12600:
12597:
12595:
12592:
12590:
12587:
12585:
12582:
12580:
12577:
12575:
12572:
12570:
12567:
12565:
12562:
12560:
12557:
12555:
12554:Liechtenstein
12552:
12550:
12547:
12545:
12542:
12540:
12537:
12535:
12533:
12530:
12528:
12525:
12523:
12520:
12518:
12515:
12513:
12510:
12508:
12505:
12503:
12500:
12498:
12495:
12493:
12490:
12488:
12485:
12483:
12480:
12478:
12475:
12473:
12470:
12468:
12465:
12463:
12460:
12458:
12455:
12453:
12450:
12448:
12445:
12443:
12440:
12438:
12435:
12433:
12430:
12428:
12425:
12424:
12422:
12418:
12414:
12407:
12402:
12400:
12395:
12393:
12388:
12387:
12384:
12374:
12373:
12372:
12367:
12357:
12353:
12350:
12347:
12346:
12343:
12333:
12330:
12328:
12325:
12323:
12320:
12318:
12315:
12313:
12310:
12308:
12305:
12303:
12300:
12298:
12295:
12293:
12290:
12288:
12285:
12283:
12280:
12278:
12275:
12273:
12270:
12268:
12265:
12263:
12260:
12258:
12255:
12253:
12250:
12248:
12245:
12243:
12240:
12238:
12235:
12233:
12230:
12228:
12225:
12223:
12220:
12218:
12215:
12213:
12210:
12208:
12205:
12203:
12200:
12199:
12197:
12195:
12191:
12185:
12182:
12180:
12177:
12175:
12172:
12170:
12167:
12165:
12162:
12160:
12157:
12155:
12154:United States
12152:
12150:
12147:
12145:
12142:
12140:
12137:
12135:
12132:
12130:
12127:
12125:
12122:
12120:
12117:
12115:
12112:
12110:
12107:
12105:
12102:
12100:
12097:
12095:
12092:
12090:
12087:
12085:
12082:
12080:
12077:
12075:
12072:
12070:
12067:
12065:
12062:
12060:
12057:
12055:
12052:
12050:
12047:
12045:
12042:
12040:
12037:
12035:
12032:
12030:
12027:
12025:
12022:
12020:
12017:
12015:
12012:
12010:
12007:
12005:
12002:
12000:
11997:
11995:
11992:
11990:
11987:
11985:
11982:
11980:
11977:
11975:
11972:
11970:
11967:
11965:
11962:
11960:
11957:
11955:
11952:
11950:
11947:
11945:
11942:
11940:
11937:
11935:
11932:
11930:
11927:
11925:
11922:
11920:
11917:
11915:
11912:
11910:
11907:
11905:
11902:
11900:
11897:
11895:
11892:
11890:
11887:
11885:
11882:
11880:
11877:
11875:
11872:
11870:
11867:
11865:
11862:
11860:
11857:
11855:
11854:Liechtenstein
11852:
11850:
11847:
11845:
11842:
11840:
11837:
11835:
11832:
11830:
11827:
11825:
11822:
11820:
11817:
11815:
11812:
11810:
11807:
11805:
11802:
11800:
11797:
11795:
11792:
11790:
11787:
11785:
11782:
11780:
11777:
11775:
11772:
11770:
11767:
11765:
11762:
11760:
11757:
11755:
11754:Guinea-Bissau
11752:
11750:
11747:
11745:
11742:
11740:
11737:
11735:
11732:
11730:
11727:
11725:
11722:
11720:
11717:
11715:
11712:
11710:
11707:
11705:
11702:
11700:
11697:
11695:
11692:
11690:
11687:
11685:
11682:
11680:
11677:
11675:
11672:
11670:
11667:
11665:
11662:
11660:
11657:
11655:
11652:
11650:
11647:
11645:
11642:
11640:
11637:
11635:
11632:
11630:
11627:
11625:
11622:
11620:
11617:
11615:
11612:
11610:
11607:
11605:
11602:
11600:
11597:
11595:
11592:
11590:
11587:
11585:
11582:
11580:
11577:
11575:
11572:
11570:
11567:
11565:
11562:
11560:
11557:
11555:
11552:
11550:
11547:
11545:
11542:
11540:
11537:
11535:
11532:
11530:
11527:
11525:
11522:
11520:
11517:
11515:
11512:
11510:
11507:
11506:
11504:
11500:
11494:
11491:
11489:
11486:
11484:
11481:
11479:
11476:
11474:
11471:
11468:
11464:
11461:
11460:
11458:
11454:
11448:
11445:
11443:
11440:
11438:
11435:
11433:
11430:
11428:
11425:
11423:
11420:
11418:
11415:
11413:
11410:
11408:
11405:
11403:
11400:
11398:
11395:
11393:
11390:
11388:
11385:
11384:
11382:
11380:
11374:
11368:
11365:
11363:
11360:
11358:
11355:
11353:
11350:
11348:
11345:
11343:
11340:
11338:
11335:
11333:
11330:
11328:
11325:
11323:
11320:
11318:
11315:
11313:
11310:
11309:
11307:
11303:
11297:
11294:
11292:
11289:
11287:
11284:
11282:
11279:
11277:
11274:
11273:
11271:
11267:
11261:
11258:
11256:
11253:
11251:
11248:
11246:
11243:
11241:
11238:
11237:
11235:
11231:
11227:
11220:
11215:
11213:
11208:
11206:
11201:
11200:
11197:
11191:
11188:
11186:
11183:
11181:
11178:
11175:
11170:
11166:
11165:
11154:
11148:
11143:
11142:
11135:
11134:
11107:
11103:
11099:
11093:
11074:
11067:
11061:
11045:
11041:
11037:
11031:
11020:
11013:
11007:
10991:
10987:
10983:
10976:
10960:
10956:
10952:
10946:
10930:
10926:
10920:
10918:
10901:
10897:
10893:
10887:
10868:
10861:
10855:
10853:
10836:
10832:
10828:
10822:
10806:
10802:
10798:
10792:
10776:
10772:
10768:
10762:
10746:
10742:
10738:
10732:
10716:
10712:
10708:
10702:
10683:
10676:
10670:
10668:
10666:
10664:
10644:
10637:
10631:
10624:
10620:
10616:
10613:
10608:
10606:
10604:
10596:
10592:
10588:
10585:
10580:
10578:
10570:
10566:
10562:
10559:
10554:
10552:
10550:
10548:
10539:
10533:
10525:
10521:
10515:
10509:
10505:
10501:
10497:
10491:
10489:
10480:
10476:
10470:
10464:, May 7, 2003
10463:
10459:
10455:
10452:
10447:
10445:
10443:
10441:
10433:
10429:
10425:
10422:
10416:
10414:
10412:
10410:
10402:
10398:
10394:
10391:
10386:
10384:
10376:
10375:
10369:
10362:
10358:
10355:
10354:
10348:
10341:
10337:
10334:
10333:
10327:
10320:
10316:
10313:
10312:
10306:
10299:
10298:
10292:
10285:
10284:
10278:
10271:
10267:
10266:
10260:
10253:
10249:
10246:
10245:
10239:
10232:
10228:
10225:
10224:
10218:
10211:
10210:
10204:
10197:
10193:
10190:
10189:
10183:
10176:
10175:
10169:
10162:
10161:
10155:
10148:
10144:
10140:
10137:
10136:
10130:
10123:
10119:
10116:
10115:
10109:
10093:
10089:
10088:www.state.gov
10085:
10080:
10079:public domain
10069:
10067:
10065:
10063:
10055:
10051:
10048:
10047:
10041:
10039:
10037:
10020:
10016:
10012:
10006:
9990:
9986:
9982:
9976:
9960:
9956:
9952:
9946:
9944:
9928:
9924:
9918:
9902:
9898:
9894:
9888:
9881:
9877:
9874:
9869:
9850:
9843:
9837:
9835:
9818:
9814:
9810:
9804:
9785:
9778:
9772:
9753:
9746:
9740:
9724:
9720:
9716:
9710:
9691:
9684:
9678:
9676:
9659:
9655:
9651:
9645:
9629:
9625:
9621:
9615:
9604:
9597:
9591:
9589:
9587:
9585:
9583:
9566:
9562:
9558:
9551:
9549:
9532:
9528:
9524:
9518:
9502:
9498:
9492:
9485:
9481:
9477:
9474:
9473:
9467:
9451:
9447:
9443:
9437:
9435:
9427:
9423:
9419:
9416:
9415:
9409:
9407:
9405:
9388:
9384:
9380:
9374:
9367:
9363:
9359:
9356:
9351:
9349:
9347:
9339:
9335:
9331:
9328:
9323:
9321:
9304:
9300:
9296:
9290:
9288:
9271:
9267:
9261:
9259:
9257:
9240:
9236:
9235:armenpress.am
9232:
9226:
9210:
9206:
9205:
9200:
9194:
9178:
9174:
9170:
9163:
9144:
9140:
9133:
9127:
9111:
9107:
9103:
9097:
9081:
9077:
9071:
9055:
9051:
9047:
9041:
9025:
9021:
9015:
8999:
8995:
8991:
8985:
8977:
8973:
8969:
8965:
8961:
8957:
8950:
8939:
8935:
8928:
8922:
8920:
8900:
8893:
8887:
8879:
8875:
8869:
8850:
8846:
8839:
8833:
8831:
8814:
8810:
8804:
8788:
8784:
8780:
8774:
8758:
8754:
8750:
8744:
8737:
8733:
8729:
8726:
8721:
8719:
8702:
8698:
8694:
8688:
8686:
8669:
8665:
8661:
8655:
8639:
8635:
8629:
8613:
8609:
8605:
8599:
8583:
8579:
8575:
8569:
8550:
8543:
8542:
8534:
8518:
8514:
8510:
8504:
8497:
8493:
8489:
8486:
8481:
8479:
8477:
8469:
8465:
8461:
8458:
8453:
8451:
8449:
8432:
8428:
8424:
8418:
8402:
8398:
8394:
8388:
8372:
8368:
8364:
8358:
8342:
8338:
8332:
8316:
8312:
8308:
8302:
8286:
8282:
8278:
8272:
8256:
8252:
8248:
8242:
8226:
8222:
8218:
8212:
8196:
8192:
8186:
8170:
8166:
8162:
8156:
8140:
8136:
8130:
8128:
8126:
8109:
8105:
8101:
8094:
8092:
8075:
8071:
8067:
8061:
8045:
8041:
8035:
8027:
8015:
7999:
7995:
7991:
7987:
7985:9789284421152
7981:
7977:
7973:
7969:
7968:
7961:
7946:
7942:
7935:
7920:
7916:
7909:
7890:
7883:
7877:
7875:
7858:
7854:
7853:armenpress.am
7850:
7844:
7828:
7824:
7820:
7814:
7795:
7788:
7782:
7780:
7760:
7753:
7747:
7728:
7724:
7723:EV Consulting
7717:
7711:
7704:
7700:
7696:
7693:
7688:
7669:
7662:
7656:
7648:
7644:
7638:
7622:
7618:
7612:
7605:
7601:
7597:
7594:
7589:
7587:
7579:
7575:
7570:
7568:
7566:
7546:
7539:
7533:
7531:
7529:
7512:
7508:
7504:
7498:
7479:
7472:
7466:
7464:
7462:
7442:
7435:
7429:
7413:
7409:
7405:
7399:
7383:
7379:
7375:
7369:
7353:
7349:
7345:
7339:
7332:
7328:
7323:
7312:
7308:
7302:
7295:
7294:
7287:
7285:
7283:
7281:
7279:
7277:
7275:
7273:
7271:
7269:
7267:
7265:
7263:
7261:
7259:
7257:
7255:
7253:
7251:
7249:
7247:
7230:
7226:
7222:
7216:
7201:
7197:
7191:
7175:
7170:
7166:
7162:
7156:
7154:
7146:
7139:
7133:
7117:
7113:
7109:
7103:
7087:
7083:
7079:
7073:
7057:
7053:
7049:
7043:
7027:
7023:
7019:
7013:
6997:
6993:
6987:
6971:
6967:
6961:
6945:
6941:
6937:
6931:
6929:
6912:
6908:
6902:
6886:
6882:
6878:
6872:
6856:
6852:
6848:
6842:
6826:
6822:
6816:
6814:
6797:
6793:
6792:armenpress.am
6789:
6783:
6767:
6763:
6759:
6753:
6738:
6734:
6728:
6712:
6708:
6704:
6697:
6689:
6685:
6679:
6671:
6665:
6661:
6660:
6653:
6651:
6649:
6647:
6638:
6632:
6625:
6624:
6616:
6609:
6604:
6598:, p. 50.
6597:
6592:
6590:
6588:
6580:
6575:
6569:, p. 41.
6568:
6563:
6555:
6551:
6547:
6543:
6539:
6535:
6531:
6524:
6522:
6520:
6518:
6511:, p. 43.
6510:
6505:
6498:
6493:
6477:
6472:
6467:
6463:
6459:
6452:
6446:, p. 42.
6445:
6440:
6438:
6436:
6419:
6415:
6409:
6401:
6395:
6391:
6384:
6376:
6370:
6366:
6359:
6343:
6339:
6335:
6329:
6313:
6309:
6306:
6300:
6284:
6280:
6276:
6270:
6254:
6250:
6246:
6240:
6224:
6220:
6216:
6210:
6194:
6190:
6184:
6176:
6172:
6168:
6164:
6160:
6156:
6152:
6148:
6141:
6139:
6122:
6118:
6114:
6108:
6102:
6089:
6085:
6084:
6079:
6073:
6057:
6053:
6047:
6045:
6028:
6024:
6020:
6014:
5995:
5988:
5982:
5976:
5972:
5969:
5964:
5948:
5944:
5940:
5934:
5932:
5916:
5912:
5911:"Time series"
5906:
5890:
5886:
5880:
5864:
5858:
5850:
5846:
5840:
5824:
5820:
5816:
5810:
5802:
5796:
5780:
5776:
5772:
5766:
5750:
5746:
5742:
5736:
5720:
5716:
5710:
5708:
5691:
5687:
5683:
5679:
5673:
5657:
5653:
5649:
5645:
5639:
5623:
5617:
5601:
5597:
5591:
5576:
5572:
5566:
5558:
5546:
5530:
5526:
5524:9781464815645
5520:
5516:
5512:
5511:
5504:
5488:
5484:
5480:
5476:
5470:
5464:
5451:
5447:
5446:
5441:
5435:
5433:
5431:
5429:
5427:
5425:
5423:
5421:
5419:
5417:
5408:
5402:
5386:
5382:
5376:
5374:
5372:
5370:
5368:
5366:
5364:
5362:
5360:
5358:
5356:
5354:
5352:
5350:
5348:
5346:
5344:
5327:
5323:
5319:
5313:
5297:
5293:
5289:
5283:
5279:
5269:
5266:
5264:
5261:
5259:
5256:
5254:
5251:
5249:
5246:
5244:
5241:
5239:
5236:
5234:
5231:
5230:
5226:
5220:
5215:
5212:
5206:
5201:
5194:
5192:
5187:
5184:
5180:
5170:
5166:
5162:
5160:
5155:
5146:
5137:
5135:
5130:
5127:
5125:
5121:
5116:
5110:
5108:
5104:
5100:
5095:
5091:
5086:
5083:
5073:
5070:
5068:
5061:Monthly wages
5058:
5054:
5044:
5042:
5038:
5023:
5020:
5018:
5008:
5006:
5001:
4999:
4995:
4985:
4983:
4979:
4978:South Ossetia
4974:
4970:
4965:
4963:
4959:
4955:
4949:
4928:41°13′41.97″N
4919:
4916:
4912:
4907:
4905:
4901:
4897:
4892:
4884:
4874:
4866:
4864:
4863:Yerevan Metro
4855:
4853:
4839:
4834:
4824:
4822:
4818:
4812:
4810:
4806:
4800:
4797:
4787:
4785:
4781:
4777:
4772:
4770:
4766:
4761:
4759:
4754:
4753:ArmRosGazprom
4750:
4745:
4743:
4742:RUSAL ARMENAL
4739:
4731:
4728:
4726:
4722:
4721:
4720:
4718:
4714:
4710:
4709:Ilya Klebanov
4706:
4700:
4698:
4693:
4691:
4686:
4684:
4673:
4671:
4667:
4663:
4659:
4654:
4651:
4649:
4645:
4641:
4636:
4634:
4630:
4626:
4619:leadership.).
4617:
4614:
4610:
4606:
4603:
4599:
4598:
4597:
4595:
4587:
4584:
4581:
4577:
4576:
4575:
4570:
4566:
4563:
4559:
4556:
4552:
4548:
4545:
4541:
4537:
4534:
4533:
4532:
4523:
4513:
4510:
4506:
4502:
4493:
4489:
4487:
4482:
4477:
4469:
4465:
4461:
4456:
4447:
4443:
4434:
4430:
4426:
4422:
4420:
4416:
4412:
4408:
4401:United States
4384:
4378:
4372:
4366:
4360:
4354:
4348:
4342:
4336:
4330:
4324:
4318:
4312:
4306:
4300:
4294:
4288:
4287:
4253:
4250:
4242:
4240:
4230:
4227:
4226:
4222:
4219:
4218:
4214:
4211:
4210:
4206:
4203:
4202:
4198:
4195:
4194:
4190:
4187:
4186:
4182:
4179:
4178:
4174:
4171:
4170:
4166:
4163:
4162:
4158:
4155:
4154:
4150:
4147:
4146:
4142:
4139:
4138:
4134:
4131:
4130:
4126:
4123:
4122:
4119:
4113:
4111:
4107:
4106:
4103:
4095:
4092:
4089:
4088:
4084:
4081:
4078:
4077:
4073:
4070:
4067:
4066:
4063:
4060:
4057:
4056:
4053:Share of GDP
4052:
4049:
4046:
4045:
4039:
4037:
4033:
4023:
4015:
4012:
4009:
4008:
4004:
4001:
3998:
3997:
3993:
3990:
3987:
3986:
3982:
3979:
3976:
3975:
3971:
3968:
3965:
3964:
3960:
3957:
3954:
3953:
3949:
3946:
3943:
3942:
3938:
3935:
3932:
3931:
3927:
3924:
3921:
3920:
3916:
3913:
3910:
3909:
3905:
3902:
3899:
3898:
3894:
3891:
3888:
3887:
3883:
3880:
3877:
3876:
3872:
3869:
3866:
3865:
3862:
3859:
3855:
3853:
3847:
3845:
3842:
3838:
3837:
3834:
3832:
3828:
3824:
3815:
3812:
3809:
3806:
3803:
3802:
3798:
3795:
3792:
3789:
3786:
3785:
3781:
3778:
3775:
3772:
3769:
3768:
3765:
3763:
3761:
3758:
3755:
3754:
3750:
3747:
3744:
3741:
3738:
3737:
3731:
3728:
3726:
3714:
3713:MediaWiki.org
3710:
3705:
3696:
3695:
3686:
3683:
3680:
3677:
3674:
3671:
3668:
3660:
3651:
3642:
3639:
3633:United States
3630:
3621:
3617:
3609:
3606:
3601:
3598:
3595:
3587:
3584:
3579:
3575:
3572:
3569:
3565:
3561:
3543:
3539:
3535:
3531:
3523:
3519:
3515:
3512:
3508:
3499:
3495:
3493:
3492:CIS countries
3488:
3484:
3479:
3475:
3472:
3459:
3453:
3447:
3441:
3435:
3433:Georgia: 6.9%
3429:
3423:
3421:Russia: 24.1%
3417:
3411:
3405:
3399:
3393:
3391:Germany: 5.9%
3387:
3381:
3380:
3342:
3336:
3330:
3324:
3318:
3312:
3311:
3282:
3281:MediaWiki.org
3278:
3273:
3264:
3263:
3253:Foreign trade
3245:
3241:
3239:
3229:
3220:
3211:
3201:
3195:
3185:
3181:
3177:
3173:
3171:
3160:
3150:
3148:
3144:
3139:
3129:
3126:
3119:
3115:
3110:
3100:
3096:
3094:
3090:
3085:
3081:
3079:
3073:
3067:
3063:
3059:
3050:
3046:
3043:
3022:
3021:MediaWiki.org
3018:
3013:
3004:
3003:
2996:
2988:
2984:
2980:
2977:
2974:
2971:
2968:
2964:
2961:
2951:
2945:
2935:
2932:
2930:
2925:
2922:
2920:
2916:
2912:
2911:United States
2908:
2904:
2900:
2896:
2892:
2884:
2880:
2875:
2865:
2858:
2855:
2852:
2851:
2848:
2845:
2842:
2841:
2838:
2836:
2834:
2831:
2830:
2827:
2824:
2821:
2820:
2817:
2814:
2811:
2810:
2807:
2804:
2801:
2800:
2797:
2795:
2793:
2790:
2789:
2786:
2783:
2780:
2779:
2776:
2773:
2770:
2769:
2766:
2763:
2760:
2759:
2756:
2754:
2752:
2749:
2748:
2745:
2742:
2739:
2738:
2735:
2732:
2729:
2728:
2725:
2722:
2719:
2718:
2715:
2713:
2711:
2708:
2707:
2704:
2701:
2698:
2697:
2694:
2691:
2688:
2687:
2684:
2681:
2678:
2677:
2674:
2671:
2668:
2667:
2664:
2661:
2658:
2657:
2654:
2651:
2648:
2647:
2643:
2640:
2637:
2636:
2632:
2629:
2626:
2625:
2621:
2618:
2615:
2614:
2611:
2609:
2607:
2604:
2603:
2599:
2596:
2593:
2592:
2588:
2582:
2579:
2575:
2565:
2560:
2550:
2547:
2541:
2528:
2524:
2521:
2511:
2508:
2502:
2494:
2485:
2483:
2477:
2473:
2463:
2460:
2455:
2451:
2448:
2439:
2436:
2430:
2425:
2420:
2410:
2407:
2404:
2398:
2396:
2388:
2384:
2380:
2376:
2372:
2368:
2364:
2360:
2354:
2351:
2348:
2345:
2342:
2339:
2336:
2333:
2330:
2327:
2324:
2321:
2318:
2315:
2314:
2313:
2309:
2294:
2291:
2289:
2285:
2281:
2277:
2273:
2269:
2265:
2250:
2247:
2244:
2241:
2239:
2238:
2226:
2224:
2223:
2219:
2216:
2213:
2210:
2208:
2205:
2202:
2201:
2197:
2194:
2191:
2188:
2186:
2183:
2180:
2179:
2175:
2172:
2169:
2166:
2164:
2161:
2158:
2157:
2153:
2150:
2147:
2144:
2142:
2139:
2136:
2135:
2131:
2128:
2125:
2122:
2120:
2117:
2114:
2113:
2109:
2106:
2103:
2100:
2098:
2097:Lori Province
2095:
2092:
2091:
2087:
2084:
2081:
2078:
2076:
2073:
2070:
2069:
2065:
2062:
2059:
2056:
2054:
2051:
2048:
2047:
2043:
2040:
2037:
2034:
2032:
2029:
2026:
2025:
2021:
2018:
2015:
2012:
2010:
2007:
2004:
2003:
1999:
1996:
1993:
1990:
1988:
1977:
1974:
1973:
1969:
1966:
1963:
1959:
1956:
1952:
1949:
1946:
1945:
1942:
1929:
1927:
1924:
1921:
1918:
1917:
1913:
1911:
1908:
1905:
1902:
1901:
1897:
1895:
1892:
1889:
1886:
1885:
1881:
1879:
1876:
1873:
1870:
1869:
1865:
1863:
1860:
1857:
1854:
1853:
1849:
1847:
1844:
1841:
1838:
1837:
1833:
1831:
1828:
1825:
1822:
1821:
1817:
1815:
1812:
1809:
1806:
1805:
1801:
1798:
1795:
1792:
1789:
1788:
1784:
1781:
1778:
1775:
1772:
1771:
1767:
1764:
1761:
1758:
1755:
1754:
1750:
1747:
1744:
1741:
1738:
1737:
1733:
1730:
1727:
1724:
1721:
1720:
1716:
1713:
1710:
1707:
1704:
1703:
1699:
1696:
1693:
1690:
1687:
1686:
1682:
1679:
1676:
1673:
1670:
1669:
1665:
1662:
1659:
1656:
1653:
1652:
1648:
1645:
1642:
1639:
1636:
1635:
1631:
1628:
1625:
1622:
1619:
1618:
1614:
1611:
1608:
1605:
1602:
1601:
1597:
1594:
1591:
1588:
1585:
1584:
1580:
1577:
1574:
1571:
1568:
1567:
1563:
1560:
1557:
1554:
1551:
1550:
1546:
1543:
1540:
1537:
1534:
1533:
1530:
1527:
1524:
1521:
1518:
1515:
1514:
1508:
1503:
1499:
1496:
1493:
1489:
1487:
1482:
1479:
1472:
1463:
1461:
1456:
1454:
1450:
1446:
1442:
1438:
1434:
1429:
1427:
1421:
1419:
1414:
1410:
1406:
1402:
1398:
1392:
1390:
1386:
1381:
1377:
1373:
1368:
1363:
1361:
1357:
1352:
1348:
1343:
1341:
1335:
1333:
1327:
1325:
1319:
1317:
1313:
1309:
1299:
1295:
1291:
1287:
1283:
1280:
1277:
1271:
1267:
1265:
1261:
1251:
1247:
1244:
1240:
1230:
1228:
1224:
1219:
1217:
1213:
1208:
1206:
1201:
1199:
1194:
1192:
1189:published by
1188:
1183:
1181:
1178:
1174:
1170:
1166:
1160:
1150:
1148:
1143:
1139:
1135:
1131:
1127:
1122:
1113:
1111:
1110:energy sector
1107:
1103:
1098:
1096:
1091:
1087:
1083:
1078:
1076:
1072:
1068:
1064:
1060:
1049:
1047:
1040:
1031:
1028:
1021:
1003:
1000:
998:Credit rating
993:
989:
985:
981:
977:
973:
970:
963:
954:
951:
944:
939:
930:
927:
925:external debt
919:
910:
907:
900:
888:
880:
879:
877:
873:
868:
853:
851:Ukraine 2.54%
842:
840:Georgia 4.13%
831:
820:
809:
798:
787:
776:
775:
773:
767:
763:
757:
748:
744:
729:
718:
707:
696:
685:
674:
663:
652:
651:
649:
643:
639:
633:
624:
620:
615:
611:
607:
603:
597:
593:
590:
587:
580:
576:
573:
567:
555:
547:
546:
544:
540:
533:
530:
527:
524:
521:
518:
515:
514:
512:
506:
494:
486:
485:
483:
477:
473:
464:
461:
456:
449:
436:
433:
420:
419:
417:
414:
409:
396:
393:
386:
374:
366:
365:
363:
359:
352:
345:
342:
339:
338:
336:
332:
328:
323:
316:
313:
310:
307:
304:
301:
298:
295:
294:
292:
289:GDP by sector
286:
279:
276:
273:
270:
269:
267:
261:
249:
241:
240:
238:
232:
220:
212:
204:
203:
201:
195:
188:
185:
182:
179:
178:
176:
172:
165:
156:
148:
147:
145:
143:
139:
130:
126:
121:
114:
112:
109:
108:
106:
103:Country group
100:
97:
93:
89:
85:
82:
76:
73:Calendar year
72:
69:
64:
60:
59:Armenian dram
57:
53:
48:
43:
38:
34:
27:
19:
14106:Mount Ararat
14096:Coat of arms
14067:
14017:
13963:Demographics
13950:
13884:Architecture
13790:Central Bank
13767:
13751:
13744:
13688:Human rights
13663:Constitution
13629:
13625:Shirak Plain
13565:Ararat Plain
13527:
13439:Safavid Iran
13424:Kara Koyunlu
13124:Dependencies
13054:Turkmenistan
13019:Saudi Arabia
12838:
12712:Transnistria
12674:Vatican City
12436:
12362:
12361:
12069:South Africa
12054:Sierra Leone
12039:Saudi Arabia
11594:Burkina Faso
11538:
11367:Bali Package
11296:Peace Clause
11140:
11110:. Retrieved
11101:
11092:
11080:. Retrieved
11060:
11048:. Retrieved
11039:
11030:
11006:
10994:. Retrieved
10985:
10975:
10963:. Retrieved
10954:
10945:
10933:. Retrieved
10904:. Retrieved
10895:
10886:
10874:. Retrieved
10839:. Retrieved
10830:
10821:
10809:. Retrieved
10800:
10791:
10779:. Retrieved
10770:
10761:
10749:. Retrieved
10740:
10731:
10719:. Retrieved
10710:
10701:
10689:. Retrieved
10650:. Retrieved
10630:
10532:
10524:the original
10514:
10499:
10479:the original
10469:
10461:
10431:
10373:
10368:
10352:
10347:
10331:
10326:
10310:
10305:
10296:
10291:
10282:
10277:
10269:
10265:Press Review
10264:
10259:
10243:
10238:
10222:
10217:
10208:
10203:
10187:
10182:
10173:
10168:
10159:
10154:
10134:
10129:
10113:
10108:
10096:. Retrieved
10087:
10045:
10023:. Retrieved
10014:
10005:
9993:. Retrieved
9984:
9975:
9963:. Retrieved
9954:
9930:. Retrieved
9926:
9917:
9905:. Retrieved
9896:
9887:
9868:
9856:. Retrieved
9821:. Retrieved
9812:
9803:
9791:. Retrieved
9771:
9759:. Retrieved
9739:
9727:. Retrieved
9718:
9709:
9697:. Retrieved
9662:. Retrieved
9653:
9644:
9632:. Retrieved
9623:
9614:
9569:. Retrieved
9560:
9535:. Retrieved
9526:
9517:
9505:. Retrieved
9491:
9471:
9466:
9454:. Retrieved
9446:IRNA English
9445:
9413:
9391:. Retrieved
9382:
9373:
9307:. Retrieved
9298:
9274:. Retrieved
9243:. Retrieved
9234:
9225:
9213:. Retrieved
9202:
9193:
9181:. Retrieved
9172:
9162:
9150:. Retrieved
9138:
9126:
9114:. Retrieved
9105:
9096:
9084:. Retrieved
9070:
9058:. Retrieved
9049:
9040:
9028:. Retrieved
9014:
9002:. Retrieved
8993:
8984:
8959:
8955:
8949:
8933:
8906:. Retrieved
8886:
8868:
8856:. Retrieved
8844:
8817:. Retrieved
8803:
8791:. Retrieved
8782:
8773:
8761:. Retrieved
8752:
8743:
8705:. Retrieved
8696:
8672:. Retrieved
8663:
8654:
8642:. Retrieved
8628:
8616:. Retrieved
8607:
8598:
8586:. Retrieved
8577:
8568:
8556:. Retrieved
8540:
8533:
8521:. Retrieved
8512:
8503:
8435:. Retrieved
8426:
8417:
8405:. Retrieved
8396:
8387:
8375:. Retrieved
8366:
8357:
8345:. Retrieved
8331:
8319:. Retrieved
8310:
8301:
8289:. Retrieved
8280:
8271:
8259:. Retrieved
8250:
8241:
8229:. Retrieved
8220:
8211:
8199:. Retrieved
8185:
8173:. Retrieved
8164:
8155:
8143:. Retrieved
8112:. Retrieved
8103:
8078:. Retrieved
8069:
8060:
8048:. Retrieved
8034:
8002:. Retrieved
7966:
7960:
7948:. Retrieved
7944:
7934:
7922:. Retrieved
7918:
7908:
7896:. Retrieved
7861:. Retrieved
7852:
7843:
7831:. Retrieved
7822:
7813:
7801:. Retrieved
7766:. Retrieved
7746:
7734:. Retrieved
7722:
7710:
7687:
7675:. Retrieved
7655:
7647:the original
7637:
7625:. Retrieved
7611:
7552:. Retrieved
7515:. Retrieved
7506:
7497:
7485:. Retrieved
7448:. Retrieved
7428:
7416:. Retrieved
7407:
7398:
7386:. Retrieved
7377:
7368:
7356:. Retrieved
7347:
7338:
7322:
7311:the original
7292:
7233:. Retrieved
7224:
7215:
7203:. Retrieved
7199:
7190:
7178:. Retrieved
7165:IMF eLibrary
7164:
7144:
7132:
7120:. Retrieved
7111:
7102:
7090:. Retrieved
7081:
7072:
7060:. Retrieved
7051:
7042:
7030:. Retrieved
7021:
7012:
7000:. Retrieved
6986:
6974:. Retrieved
6960:
6948:. Retrieved
6939:
6915:. Retrieved
6901:
6889:. Retrieved
6880:
6871:
6859:. Retrieved
6850:
6841:
6829:. Retrieved
6800:. Retrieved
6791:
6782:
6770:. Retrieved
6752:
6740:. Retrieved
6736:
6727:
6715:. Retrieved
6706:
6696:
6678:
6658:
6622:
6615:
6603:
6574:
6562:
6537:
6533:
6504:
6492:
6480:. Retrieved
6461:
6451:
6422:. Retrieved
6417:
6408:
6389:
6383:
6364:
6358:
6346:. Retrieved
6337:
6328:
6316:. Retrieved
6307:
6299:
6287:. Retrieved
6278:
6269:
6257:. Retrieved
6248:
6239:
6227:. Retrieved
6209:
6197:. Retrieved
6183:
6150:
6125:. Retrieved
6116:
6107:
6091:. Retrieved
6081:
6072:
6060:. Retrieved
6031:. Retrieved
6022:
6013:
6001:. Retrieved
5981:
5963:
5951:. Retrieved
5942:
5918:. Retrieved
5905:
5893:. Retrieved
5889:the original
5885:"CBA report"
5879:
5867:. Retrieved
5857:
5848:
5839:
5827:. Retrieved
5818:
5809:
5795:
5783:. Retrieved
5765:
5753:. Retrieved
5735:
5723:. Retrieved
5694:. Retrieved
5681:
5672:
5660:. Retrieved
5647:
5638:
5626:. Retrieved
5616:
5604:. Retrieved
5598:. New York:
5590:
5578:. Retrieved
5565:
5533:. Retrieved
5509:
5503:
5491:. Retrieved
5478:
5469:
5453:. Retrieved
5443:
5401:
5389:. Retrieved
5330:. Retrieved
5312:
5300:. Retrieved
5282:
5188:
5185:
5182:
5167:
5163:
5156:
5152:
5143:
5131:
5128:
5111:
5087:
5079:
5076:Unemployment
5071:
5064:
5056:
5047:Unionization
5034:
5026:Labor market
5021:
5014:
5002:
4991:
4988:Through Iran
4969:Darial Gorge
4966:
4952:) is at the
4931:44°50′9.12″E
4920:
4908:
4893:
4890:
4880:
4872:
4861:
4849:
4813:
4801:
4793:
4773:
4762:
4746:
4735:
4701:
4694:
4687:
4679:
4655:
4652:
4637:
4622:
4591:
4573:
4530:
4511:
4507:
4503:
4499:
4492:government.
4490:
4483:
4479:
4444:
4440:
4431:
4427:
4423:
4404:
4251:
4248:
4236:
4228:Switzerland
4196:Netherlands
4117:
4109:
4101:
4029:
4021:
3889:Netherlands
3860:
3857:
3851:
3843:
3840:
3821:
3729:
3722:
3684:
3681:
3678:
3675:
3672:
3669:
3666:
3657:
3648:
3640:
3636:
3627:
3618:
3615:
3602:
3599:
3596:
3593:
3580:
3576:
3573:
3570:
3567:
3536:
3532:
3529:
3520:
3516:
3513:
3509:
3505:
3496:
3480:
3476:
3473:
3469:
3242:
3235:
3226:
3217:
3208:
3182:
3178:
3174:
3167:
3147:Microfinance
3135:
3132:Microfinance
3127:
3123:
3097:
3086:
3082:
3074:
3070:
3047:
3044:
3041:
2994:
2985:
2981:
2978:
2975:
2972:
2969:
2965:
2962:
2958:
2955:Foreign debt
2933:
2926:
2923:
2909:states, the
2888:
2863:
2832:
2791:
2750:
2709:
2605:
2580:
2577:
2562:
2542:
2538:
2535:Retail trade
2517:
2503:
2500:
2491:
2479:
2456:
2452:
2449:
2445:
2437:
2434:
2408:
2399:
2392:
2358:
2311:
2292:
2284:mask mandate
2278:, an indoor
2261:
2227:
1940:
1937:Regional GDP
1874:6,181,664.1
1858:6,543,321.8
1842:6,017,035.2
1826:5,564,493.3
1810:5,067,293.5
1529:GDP deflator
1497:
1494:
1490:
1483:
1480:
1477:
1457:
1449:Eastern Bloc
1430:
1422:
1393:
1364:
1344:
1336:
1328:
1320:
1305:
1296:
1292:
1288:
1284:
1281:
1272:
1268:
1256:
1236:
1220:
1209:
1202:
1195:
1184:
1162:
1123:
1119:
1099:
1082:Soviet Union
1079:
1058:
1055:
1043:
829:Turkey 5.04%
785:Russia 33.1%
760:Import goods
727:Canada 2.52%
716:Serbia 4.93%
681:
636:Export goods
542:Unemployment
480:Labour force
358:poverty line
226:12.6% (2022)
166:, 2024 est.)
26:
14126:Pomegranate
13780:Agriculture
13753:on politics
13693:LGBT rights
13585:Earthquakes
13286:Hayasa-Azzi
13183:Asia portal
13084:States with
13004:Philippines
12944:South Korea
12939:North Korea
12834:Afghanistan
12750:Isle of Man
12685:recognition
12654:Switzerland
12589:Netherlands
12297:Netherlands
12084:Switzerland
11999:Philippines
11939:New Zealand
11824:South Korea
11704:El Salvador
11669:Ivory Coast
11509:Afghanistan
11493:Rufus Yerxa
11478:Pascal Lamy
11447:13th (2024)
11442:12th (2022)
11437:11th (2017)
11432:10th (2015)
11379:Conferences
11377:Ministerial
11317:Agriculture
11112:20 November
10098:17 February
10025:15 November
9858:18 February
9793:28 February
9664:24 February
9537:11 December
9507:17 February
9276:29 December
9204:civilnet.am
9183:12 December
9152:28 February
9116:11 December
9060:11 December
8763:11 December
8753:www.ilex.am
8674:11 December
8558:14 December
8523:24 February
8407:14 December
8321:18 February
8145:20 November
8080:24 February
7823:ArmBanks.am
7627:19 December
7554:28 February
7408:HitHorizons
7225:www.fao.org
7062:24 February
6891:26 December
6742:11 December
6608:Curtis 1995
6596:Curtis 1995
6579:Curtis 1995
6567:Curtis 1995
6509:Curtis 1995
6497:Curtis 1995
6444:Curtis 1995
5913:. Yerevan:
5895:25 November
5455:17 February
5043:countries.
4958:Bagratashen
4954:Debed river
4943: /
4765:Gazprombank
4536:Natural gas
4411:foreign aid
4396:Foreign aid
4212:Luxembourg
4034:countries,
3988:Luxembourg
3709:Phabricator
3439:China: 5.5%
3277:Phabricator
3017:Phabricator
2983:threshold.
2853:Net assets
2616:Net profit
1922:9,502,778.6
1906:8,501,435.5
1890:6,991,777.8
1793:5,032,089.0
1776:4,828,626.3
1759:4,555,638.2
1742:4,000,722.0
1725:3,776,443.0
1708:3,460,202.7
1691:3,141,651.0
1674:3,568,227.6
1657:3,149,283.4
1640:2,656,189.8
1623:2,242,880.9
1606:1,907,945.4
1589:1,624,642.7
1572:1,362,471.7
1555:1,175,876.8
1538:1,031,338.3
1387:, suffered
807:China 12.3%
694:China 6.58%
534:(2013 est.)
517:agriculture
346:8.6% (2022)
297:agriculture
68:Fiscal year
30:Economy of
14176:Categories
13931:Literature
13683:Government
13668:Corruption
13595:Lake Sevan
13449:Qajar Iran
13419:Aq Qoyunlu
13064:Uzbekistan
13039:Tajikistan
12954:Kyrgyzstan
12934:Kazakhstan
12854:Bangladesh
12844:Azerbaijan
12624:San Marino
12584:Montenegro
12564:Luxembourg
12544:Kazakhstan
12447:Azerbaijan
12287:Luxembourg
12089:Tajikistan
12049:Seychelles
11924:Mozambique
11914:Montenegro
11889:Mauritania
11864:Madagascar
11834:Kyrgyzstan
11814:Kazakhstan
11724:The Gambia
11664:Costa Rica
11624:Cape Verde
11554:Bangladesh
11427:9th (2013)
11422:8th (2011)
11417:7th (2009)
11412:6th (2005)
11407:5th (2003)
11402:4th (2001)
11397:3rd (1999)
11392:2nd (1998)
11387:1st (1996)
11305:Agreements
11152:0844408484
11102:www.mnp.am
11082:9 November
10935:18 October
10876:9 November
10691:9 November
10652:9 November
10462:Eurasianet
9823:5 November
9761:9 November
9729:3 December
9699:9 November
9309:8 February
9173:finport.am
9086:8 February
8934:www.aea.am
8908:9 November
8819:18 October
8707:29 October
8697:finport.am
8588:29 October
8578:Moodys.com
8377:5 November
8347:18 October
8201:9 November
8175:5 November
8050:9 November
8004:9 November
7898:9 November
7803:9 November
7768:9 November
7677:9 November
7517:5 November
7487:9 November
7450:9 November
7235:1 November
7145:armstat.am
7112:armstat.am
7082:armstat.am
6917:9 November
6831:18 January
6802:3 December
6772:18 October
6348:24 October
6318:24 October
6289:6 November
6259:24 October
6199:18 October
6003:9 November
5943:World Bank
5939:"Overview"
5920:18 October
5849:Moodys.com
5696:21 October
5686:World Bank
5662:3 November
5652:World Bank
5575:World Bank
5515:World Bank
5483:World Bank
5302:18 October
5177:See also:
5120:World Bank
5051:See also:
4902:along the
4831:See also:
4769:Areximbank
4662:World Bank
4582:until 2004
4527:Monopolies
4520:See also:
4474:See also:
4140:Argentina
4108:Countries
3900:Argentina
3558:See also:
3451:Iraq: 5.4%
3445:Iran: 3.8%
3198:See also:
3157:See also:
3118:Ameriabank
2948:See also:
2557:See also:
2288:World Bank
2248:1,867,656
2242:5,564.493
2217:1,892,716
2173:1,371,121
2129:1,002,954
2107:1,263,372
2085:2,417,001
2063:1,284,327
2041:1,375,270
2019:1,478,727
1997:2,816,433
1991:3,032.454
1960:GDP (bil.
1953:GDP (bil.
1522:GDP Growth
1460:privatized
1405:World Bank
1376:Azerbaijan
1351:World Bank
1157:See also:
1046:US dollars
818:Iran 6.59%
672:Russia 22%
448:IHDI, 51st
198:GDP growth
128:Population
123:Statistics
13981:Education
13845:Transport
13730:President
13700:Judiciary
13673:Elections
13600:Mountains
13553:Geography
13414:Chobanids
13409:Ilkhanate
13404:Sallarids
13150:Hong Kong
13104:Palestine
13029:Sri Lanka
13024:Singapore
12904:Indonesia
12740:Gibraltar
12559:Lithuania
12282:Lithuania
12164:Venezuela
12074:Sri Lanka
12059:Singapore
12024:St. Lucia
11944:Nicaragua
11894:Mauritius
11789:Indonesia
11774:Hong Kong
11744:Guatemala
11544:Australia
11534:Argentina
11276:Criticism
10268:(quoting
8976:158406216
8437:15 August
8024:ignored (
8014:cite book
7994:240665765
7221:"FAOSTAT"
6717:7 October
6554:1074-6846
6175:152939493
6167:1556-5068
6078:"Armenia"
5555:ignored (
5545:cite book
5440:"Armenia"
5132:See also
4904:Black Sea
4633:oligopoly
4607:Aviation
4409:receives
4026:Stock FDI
3850:in 2017,
3457:UAE: 4.6%
3038:Inflation
2897:from the
2895:Armenians
1799:1,674,795
1782:1,602,172
1765:1,507,491
1748:1,322,946
1731:1,155,405
1714:1,062,683
1680:1,103,348
1462:in 2002.
1180:countries
1004:Moody's:
705:Iraq 5.3%
472:62nd rank
327:Inflation
14161:Category
14030:Religion
14001:diaspora
13914:Language
13879:Alphabet
13820:Taxation
13705:Military
13646:Politics
13506:By topic
13384:Arminiya
13306:Urumeans
13244:timeline
13229:articles
13173:Category
13094:Abkhazia
13044:Thailand
12999:Pakistan
12979:Mongolia
12974:Maldives
12969:Malaysia
12869:Cambodia
12760:Svalbard
12745:Guernsey
12692:Abkhazia
12639:Slovenia
12634:Slovakia
12609:Portugal
12467:Bulgaria
12322:Slovenia
12317:Slovakia
12307:Portugal
12212:Bulgaria
12184:Zimbabwe
12104:Thailand
12099:Tanzania
12079:Suriname
11989:Paraguay
11974:Pakistan
11909:Mongolia
11879:Maldives
11874:Malaysia
11769:Honduras
11709:Eswatini
11684:Dominica
11679:Djibouti
11649:Colombia
11614:Cameroon
11609:Cambodia
11579:Botswana
11559:Barbados
11106:Archived
11073:Archived
11050:19 April
11044:Archived
11019:Archived
10990:Archived
10959:Archived
10929:Archived
10900:Archived
10867:Archived
10835:Archived
10805:Archived
10775:Archived
10745:Archived
10741:Statista
10715:Archived
10682:Archived
10643:Archived
10615:Archived
10587:Archived
10561:Archived
10504:Archived
10454:Archived
10424:Archived
10393:Archived
10357:Archived
10336:Archived
10315:Archived
10248:Archived
10227:Archived
10192:Archived
10139:Archived
10118:Archived
10092:Archived
10050:Archived
10019:Archived
9995:30 April
9989:Archived
9965:30 April
9959:Archived
9901:Archived
9876:Archived
9849:Archived
9817:Archived
9784:Archived
9752:Archived
9723:Archived
9690:Archived
9658:Archived
9628:Archived
9603:Archived
9571:18 April
9565:Archived
9531:Archived
9501:Archived
9476:Archived
9450:Archived
9418:Archived
9387:Archived
9358:Archived
9330:Archived
9303:Archived
9270:Archived
9239:Archived
9215:20 March
9209:Archived
9177:Archived
9143:Archived
9110:Archived
9080:Archived
9054:Archived
9024:Archived
8998:Archived
8938:Archived
8899:Archived
8878:Archived
8849:Archived
8813:Archived
8787:Archived
8757:Archived
8728:Archived
8701:Archived
8668:Archived
8644:22 March
8638:Archived
8618:22 March
8612:Archived
8582:Archived
8549:Archived
8517:Archived
8488:Archived
8460:Archived
8431:Archived
8401:Archived
8371:Archived
8341:Archived
8315:Archived
8285:Archived
8255:Archived
8225:Archived
8195:Archived
8169:Archived
8139:Archived
8108:Archived
8074:Archived
8044:Archived
7998:Archived
7889:Archived
7857:Archived
7827:Archived
7794:Archived
7759:Archived
7727:Archived
7695:Archived
7668:Archived
7621:Archived
7596:Archived
7545:Archived
7511:Archived
7478:Archived
7441:Archived
7412:Archived
7382:Archived
7352:Archived
7229:Archived
7116:Archived
7086:Archived
7056:Archived
7026:Archived
6996:Archived
6970:Archived
6944:Archived
6911:Archived
6885:Archived
6861:30 April
6855:Archived
6825:Archived
6796:Archived
6766:Archived
6711:Archived
6688:Archived
6476:Archived
6342:Archived
6312:Archived
6283:Archived
6253:Archived
6223:Archived
6193:Archived
6121:Archived
6056:Archived
6027:Archived
5994:Archived
5971:Archived
5953:17 April
5947:Archived
5823:Archived
5779:Archived
5749:Archived
5725:24 April
5719:Archived
5690:Archived
5656:Archived
5628:22 April
5606:22 April
5580:22 April
5529:Archived
5493:20 March
5487:Archived
5391:22 April
5332:17 April
5326:Archived
5296:Archived
5197:See also
4982:Abkhazia
4962:Sadakhlo
4900:Abkhazia
4877:Roadways
4846:Internal
4629:monopoly
4609:kerosene
4580:Armentel
4569:Haymamul
4466:and the
4417:and the
4180:Germany
4156:Lebanon
3966:Lebanon
3933:Ireland
3922:Hungary
3878:Germany
3839:Country
3745:Georgia
3742:Armenia
3549:Partners
3188:Taxation
2899:Diaspora
2266:and the
2195:956,908
2189:118.657
2167:175.229
2151:974,118
2145:224.241
2123:238.001
2101:276.931
2079:335.238
2057:340.604
2035:346.843
2013:381.659
1437:Metsamor
1433:Metsamor
1397:Armentel
1243:genocide
1147:2020 war
1134:Armenian
1116:Overview
1073:and the
987:Expenses
979:Revenues
617:External
604:brandy,
529:services
523:industry
446:(2022) (
430:(2022) (
309:services
303:industry
174:GDP rank
55:Currency
14145:Outline
14116:Apricot
14079:Symbols
14069:more...
14058:Judaism
14019:more...
13952:more...
13946:Theatre
13924:Western
13919:Eastern
13899:Cuisine
13867:Culture
13830:Tourism
13768:Economy
13631:more...
13580:Climate
13529:more...
13311:Diauehi
13291:Mitanni
13261:Origins
13237:History
13225:Armenia
13069:Vietnam
12984:Myanmar
12964:Lebanon
12894:Georgia
12849:Bahrain
12839:Armenia
12664:Ukraine
12614:Romania
12574:Moldova
12532:Ireland
12527:Iceland
12522:Hungary
12512:Germany
12507:Georgia
12497:Finland
12492:Estonia
12487:Denmark
12472:Croatia
12457:Belgium
12452:Belarus
12442:Austria
12437:Armenia
12432:Andorra
12427:Albania
12312:Romania
12267:Ireland
12262:Hungary
12252:Germany
12242:Finland
12237:Estonia
12232:Denmark
12217:Croatia
12207:Belgium
12202:Austria
12169:Vietnam
12159:Uruguay
12139:Ukraine
12124:Tunisia
12044:Senegal
11954:Nigeria
11929:Namibia
11919:Morocco
11904:Moldova
11849:Liberia
11844:Lesotho
11799:Jamaica
11779:Iceland
11739:Grenada
11729:Georgia
11694:Ecuador
11604:Burundi
11599:Myanmar
11574:Bolivia
11549:Bahrain
11539:Armenia
11519:Algeria
11514:Albania
11502:Members
11125:Sources
9813:arka.am
9654:arka.am
9456:7 March
9383:news.am
9299:arka.am
9245:21 June
9139:Armstat
8664:Hetq.am
8513:arka.am
8367:arka.am
8165:arka.am
8070:arka.am
7507:arka.am
7418:10 July
7052:arka.am
6940:Armstat
6737:arka.am
6229:22 July
5869:3 March
5785:19 June
5755:19 June
5535:9 April
4896:Georgia
4821:Georgia
4817:Ukraine
4749:Gazprom
4725:Hrazdan
4658:Yerevan
4544:Gazprom
4204:U.A.E.
4164:Cyprus
4148:France
4132:Jersey
4124:Russia
3977:Russia
3955:France
3944:Cyprus
3867:Jersey
3711:and on
3645:Georgia
3526:Deficit
3502:Imports
3483:Armenia
3279:and on
3258:Exports
3103:Banking
3066:Dilijan
3019:and on
2921:sites.
2868:Tourism
2702:141.7%
2589:report
2387:Yerevan
2379:peaches
2245:11.535
2237:Armenia
2211:94.636
1987:Yerevan
1950:Region
1697:968,539
1663:976,067
1646:824,621
1629:697,088
1612:593,635
1595:505,914
1578:424,234
1561:365,849
1544:320,182
1403:(IMF),
1356:tariffs
1126:bauxite
1086:Armenia
1012:Fitch:
746:Imports
622:Exports
531:: 46.7%
519:: 36.3%
311:: 54.8%
305:: 28.2%
299:: 16.7%
47:Yerevan
33:Armenia
13996:People
13991:Health
13971:Census
13894:Cinema
13810:Mining
13805:Energy
13720:Police
13610:Rivers
13575:Cities
13480:Modern
13389:Sajids
13377:Middle
13316:Etiuni
13301:Mushki
13239:
13227:
13114:Taiwan
13049:Turkey
13014:Russia
12949:Kuwait
12929:Jordan
12919:Israel
12879:Cyprus
12864:Brunei
12859:Bhutan
12755:Jersey
12697:Kosovo
12659:Turkey
12649:Sweden
12629:Serbia
12619:Russia
12604:Poland
12599:Norway
12579:Monaco
12549:Latvia
12517:Greece
12502:France
12477:Cyprus
12332:Sweden
12302:Poland
12277:Latvia
12257:Greece
12247:France
12222:Cyprus
12179:Zambia
12134:Uganda
12129:Turkey
12094:Taiwan
12014:Rwanda
12009:Russia
11979:Panama
11964:Norway
11899:Mexico
11869:Malawi
11829:Kuwait
11809:Jordan
11794:Israel
11759:Guyana
11749:Guinea
11619:Canada
11589:Brunei
11584:Brazil
11564:Belize
11524:Angola
11456:People
11269:Issues
11233:System
11149:
10996:13 May
10896:1in.am
10811:11 May
10781:11 May
10751:11 May
10623:RFE/RL
10595:RFE/RL
10569:RFE/RL
10401:RFE/RL
10147:RFE/RL
10081::
9932:12 May
9907:12 May
9484:RFE/RL
9426:RFE/RL
9366:RFE/RL
9338:RFE/RL
9030:12 May
8974:
8858:12 May
8736:RFE/RL
8496:RFE/RL
8468:RFE/RL
7992:
7982:
7736:12 May
7703:RFE/RL
7604:RFE/RL
7578:RFE/RL
7388:12 May
7358:12 May
7331:RFE/RL
7303:
7122:13 May
7092:13 May
7032:23 May
6976:5 June
6666:
6633:
6552:
6482:13 May
6396:
6371:
6173:
6165:
6127:8 July
6099:
6093:7 July
6062:25 May
5829:3 June
5521:
5461:
4998:Meghri
4911:Batumi
4858:Metros
4780:Agarak
4776:Meghri
4660:, the
4386:
4380:
4374:
4368:
4362:
4356:
4350:
4344:
4338:
4332:
4326:
4320:
4314:
4308:
4302:
4296:
4290:
4220:Italy
4096:44.4%
4093:5 511
4085:41.2%
4082:4 752
4074:43.9%
4071:4 635
4061:4 338
4002:−0.68
3999:Italy
3823:Jersey
3810:25.3%
3793:42.3%
3790:11.4%
3782:10.2%
3779:15.8%
3776:35.9%
3773:17.6%
3759:20.0%
3751:World
3654:Turkey
3461:
3455:
3449:
3443:
3437:
3431:
3425:
3419:
3413:
3407:
3401:
3395:
3389:
3383:
3344:
3338:
3332:
3326:
3320:
3314:
3093:RFE/RL
2903:Russia
2846:67.0%
2825:55.3%
2815:51.9%
2805:54.8%
2784:11.2%
2733:41.4%
2723:21.1%
2692:32.1%
2672:10.1%
2546:Gyumri
2466:Energy
2413:Mining
2383:apples
2251:3,872
2234:
2220:3,924
2214:0.196
2198:1,984
2192:0.246
2176:2,842
2170:0.363
2154:2,019
2148:0.465
2132:2,079
2126:0.493
2110:2,619
2104:0.574
2088:5,010
2082:0.695
2066:2,662
2060:0.706
2044:2,851
2038:0.719
2022:3,065
2016:0.791
2000:5,838
1994:6.286
1984:
1930:+2.8%
1914:+8.0%
1909:+12.6%
1898:+6.9%
1882:+2.0%
1877:-7.5%
1866:+1.0%
1861:+7.6%
1850:+2.8%
1845:+5.2%
1834:+2.1%
1829:+7.5%
1818:+0.3%
1813:+0.2%
1802:+1.2%
1785:+2.3%
1768:+3.4%
1751:-1.2%
1734:+4.2%
1717:+7.8%
1700:+2.6%
1694:−14.1%
1683:+5.9%
1666:+4.2%
1660:+13.7%
1649:+4.6%
1643:+13.2%
1632:+3.2%
1626:+13.9%
1615:+6.3%
1609:+10.5%
1598:+4.6%
1592:+14.0%
1581:+0.7%
1575:+13.2%
1564:+4.1%
1547:−1.4%
1239:cognac
922:Gross
860:
849:
838:
827:
816:
805:
794:
783:
736:
725:
714:
703:
692:
670:
659:
606:mining
442:0.721
426:0.786
406:(2022)
92:CISFTA
14152:Index
14121:Grape
14063:Islam
14013:Women
13976:Crime
13941:Sport
13936:Music
13909:Dance
13615:Lakes
13296:Nairi
13254:Early
13155:Macau
13074:Yemen
13034:Syria
13009:Qatar
12989:Nepal
12924:Japan
12899:India
12889:Egypt
12874:China
12730:Åland
12644:Spain
12569:Malta
12539:Italy
12327:Spain
12292:Malta
12272:Italy
12174:Yemen
12114:Tonga
12034:Samoa
12004:Qatar
11949:Niger
11934:Nepal
11859:Macau
11819:Kenya
11804:Japan
11784:India
11764:Haiti
11734:Ghana
11719:Gabon
11699:Egypt
11644:China
11639:Chile
11569:Benin
11130:Books
11098:"mnp"
11076:(PDF)
11069:(PDF)
11022:(PDF)
11015:(PDF)
10965:1 May
10906:1 May
10870:(PDF)
10863:(PDF)
10841:1 May
10721:1 May
10685:(PDF)
10678:(PDF)
10646:(PDF)
10639:(PDF)
9852:(PDF)
9845:(PDF)
9787:(PDF)
9780:(PDF)
9755:(PDF)
9748:(PDF)
9693:(PDF)
9686:(PDF)
9634:4 May
9606:(PDF)
9599:(PDF)
9393:2 May
9146:(PDF)
9135:(PDF)
9004:9 May
8972:S2CID
8941:(PDF)
8930:(PDF)
8902:(PDF)
8895:(PDF)
8852:(PDF)
8841:(PDF)
8793:4 May
8552:(PDF)
8545:(PDF)
8291:4 May
8261:4 May
8231:4 May
8114:4 May
7990:S2CID
7950:3 May
7924:3 May
7892:(PDF)
7885:(PDF)
7863:6 May
7833:4 May
7797:(PDF)
7790:(PDF)
7762:(PDF)
7755:(PDF)
7730:(PDF)
7719:(PDF)
7671:(PDF)
7664:(PDF)
7548:(PDF)
7541:(PDF)
7481:(PDF)
7474:(PDF)
7444:(PDF)
7437:(PDF)
7314:(PDF)
7297:(PDF)
7205:3 May
7180:3 May
7141:(PDF)
7002:9 May
6950:9 May
6627:(PDF)
6424:2 May
6171:S2CID
6033:6 May
5997:(PDF)
5990:(PDF)
5274:Notes
4869:Buses
4697:ITERA
4090:2018
4079:2017
4068:2016
4058:2015
4047:Year
4016:1.78
4005:−0.5
3983:11.7
3950:1.76
3917:1.31
3906:1.72
3884:14.3
3873:20.6
3816:6.0%
3813:6.4%
3807:9.5%
3804:2018
3799:7.5%
3796:9.6%
3787:2017
3770:2016
3739:Year
3612:China
2774:–11%
2764:6.1%
2743:3.5%
2682:8.5%
2662:4.9%
2652:9.2%
2644:5.8%
2641:6.0%
2633:0.9%
2630:1.0%
2600:2016
2597:2017
2375:pears
1947:Rank
1925:+8.7%
1893:+5.8%
1871:2020
1855:2019
1839:2018
1823:2017
1807:2016
1796:+3.0%
1779:+3.6%
1762:+3.3%
1745:+7.2%
1728:+4.7%
1711:+2.2%
1677:+6.9%
1558:+9.6%
1541:+5.9%
1509:data.
1378:over
874:stock
525:: 17%
402:27.9
187:114th
181:115th
61:(AMD)
14101:Flag
13903:wine
13281:Hayk
13266:Name
12994:Oman
12959:Laos
12914:Iraq
12909:Iran
12109:Togo
11994:Peru
11969:Oman
11884:Mali
11839:Laos
11714:Fiji
11674:Cuba
11634:Chad
11147:ISBN
11114:2019
11084:2021
11052:2023
11040:ԲԾԻԳ
10998:2021
10967:2019
10937:2023
10908:2019
10878:2021
10843:2019
10813:2021
10783:2021
10753:2021
10723:2019
10693:2021
10654:2021
10100:2018
10027:2008
9997:2019
9967:2019
9934:2019
9909:2019
9860:2018
9825:2019
9795:2018
9763:2021
9731:2018
9701:2021
9666:2020
9636:2019
9573:2018
9539:2021
9509:2022
9458:2021
9395:2019
9311:2018
9278:2022
9247:2022
9217:2023
9185:2021
9154:2018
9118:2021
9088:2018
9062:2021
9032:2019
9006:2019
8910:2021
8860:2019
8821:2023
8795:2019
8765:2021
8709:2019
8676:2021
8646:2018
8620:2018
8590:2019
8560:2022
8525:2020
8439:2022
8409:2021
8379:2019
8349:2023
8323:2018
8293:2019
8263:2019
8233:2019
8203:2021
8177:2019
8147:2019
8116:2019
8082:2020
8052:2021
8026:help
8006:2019
7980:ISBN
7952:2024
7926:2024
7900:2021
7865:2018
7835:2019
7805:2021
7770:2021
7738:2019
7679:2021
7629:2021
7556:2018
7519:2019
7489:2021
7452:2021
7420:2023
7390:2019
7360:2019
7301:ISBN
7237:2020
7207:2024
7182:2024
7124:2020
7094:2020
7064:2020
7034:2019
7004:2021
6978:2016
6952:2021
6919:2021
6893:2018
6863:2019
6833:2017
6804:2018
6774:2023
6744:2021
6719:2022
6664:ISBN
6631:ISBN
6550:ISSN
6484:2021
6426:2024
6394:ISBN
6369:ISBN
6350:2019
6320:2019
6291:2018
6261:2019
6231:2009
6201:2023
6163:ISSN
6129:2019
6095:2019
6064:2019
6035:2020
6005:2021
5955:2023
5922:2023
5897:2019
5871:2023
5831:2023
5787:2021
5757:2021
5727:2023
5698:2019
5664:2019
5630:2024
5608:2024
5582:2024
5557:help
5537:2020
5519:ISBN
5495:2020
5457:2019
5393:2024
5334:2023
5304:2023
4980:and
4915:Poti
4913:and
4819:and
4778:and
4405:The
4172:USA
4143:112
4135:159
4127:773
4013:0.5
4010:USA
3991:−22
3980:−12
3972:3.4
3939:0.6
3936:0.6
3895:0.4
3870:108
3624:Iran
3562:and
2915:Iran
2913:and
2474:and
2381:and
2371:figs
1962:US$
1919:2023
1903:2022
1887:2021
1790:2015
1773:2014
1756:2013
1739:2012
1722:2011
1705:2010
1688:2009
1671:2008
1654:2007
1637:2006
1620:2005
1603:2004
1586:2003
1569:2002
1552:2001
1535:2000
1516:Year
1453:IAEA
1445:VVER
1409:EBRD
1385:dram
1216:UNDP
1057:The
444:high
432:76th
428:high
278:77th
272:84th
96:BSEC
88:EAEU
13889:Art
13126:and
8964:doi
7972:doi
7169:doi
6542:doi
6466:doi
6155:doi
5037:HDI
4782:to
4648:GDP
4631:or
4555:RZD
4231:10
4223:14
4215:24
4207:29
4199:50
4191:53
4188:UK
4183:73
4175:73
4167:77
4159:77
4151:83
3994:−1
3969:−7
3961:−2
3958:−6
3947:−1
3911:UK
3881:14
3078:CBA
2587:CBA
2482:KWh
2203:11
2181:10
1507:IMF
1262:'s
1225:by
1214:by
1167:by
872:FDI
404:low
331:CPI
164:PPP
142:GDP
84:WTO
14178::
11104:.
11100:.
11071:.
11042:.
11038:.
11017:.
10984:.
10957:.
10953:.
10916:^
10894:.
10865:.
10851:^
10833:.
10829:.
10803:.
10799:.
10773:.
10769:.
10743:.
10739:.
10713:.
10709:.
10680:.
10662:^
10641:.
10602:^
10576:^
10546:^
10498:,
10487:^
10460:,
10439:^
10430:,
10408:^
10382:^
10090:.
10086:.
10061:^
10035:^
10017:.
10013:.
9987:.
9983:.
9957:.
9953:.
9942:^
9925:.
9899:.
9895:.
9833:^
9815:.
9811:.
9782:.
9750:.
9721:.
9717:.
9688:.
9674:^
9656:.
9652:.
9626:.
9622:.
9581:^
9559:.
9547:^
9529:.
9525:.
9499:.
9444:.
9433:^
9403:^
9385:.
9381:.
9345:^
9319:^
9301:.
9297:.
9286:^
9255:^
9233:.
9201:.
9175:.
9171:.
9137:.
9108:.
9104:.
9078:.
9052:.
9048:.
9022:.
8996:.
8992:.
8970:.
8960:25
8958:.
8936:.
8932:.
8918:^
8897:.
8876:.
8843:.
8829:^
8781:.
8755:.
8751:.
8717:^
8699:.
8695:.
8684:^
8662:.
8636:.
8610:.
8606:.
8576:.
8511:.
8475:^
8447:^
8429:.
8425:.
8399:.
8395:.
8365:.
8313:.
8309:.
8283:.
8279:.
8253:.
8249:.
8223:.
8219:.
8193:.
8163:.
8137:.
8124:^
8102:.
8090:^
8068:.
8042:.
8018::
8016:}}
8012:{{
7996:.
7988:.
7978:.
7943:.
7917:.
7887:.
7873:^
7855:.
7851:.
7825:.
7821:.
7792:.
7778:^
7757:.
7725:.
7721:.
7666:.
7619:.
7585:^
7564:^
7543:.
7527:^
7509:.
7505:.
7476:.
7460:^
7439:.
7410:.
7406:.
7380:.
7376:.
7350:.
7346:.
7245:^
7227:.
7223:.
7198:.
7167:.
7163:.
7152:^
7143:,
7114:.
7110:.
7084:.
7080:.
7054:.
7050:.
7024:.
7020:.
6994:.
6968:.
6942:.
6938:.
6927:^
6909:.
6883:.
6879:.
6853:.
6849:.
6823:.
6812:^
6794:.
6790:.
6735:.
6705:.
6645:^
6586:^
6548:.
6538:14
6536:.
6532:.
6516:^
6474:.
6464:.
6460:.
6434:^
6416:.
6340:.
6336:.
6310:.
6277:.
6251:.
6247:.
6221:.
6217:.
6169:.
6161:.
6153:.
6149:.
6137:^
6119:.
6115:.
6080:.
6054:.
6043:^
6025:.
6021:.
5992:.
5941:.
5930:^
5847:.
5817:.
5777:.
5773:.
5747:.
5743:.
5717:.
5706:^
5688:.
5684:.
5680:.
5654:.
5650:.
5646:.
5573:.
5549::
5547:}}
5543:{{
5527:.
5513:.
5485:.
5481:.
5477:.
5442:.
5415:^
5342:^
5324:.
4992:A
4964:.
4854:.
4672:.
4642:,
4596::
4488:.
4470:).
4421:.
3928:0
3925:2
3914:2
3903:3
3892:3
2907:EU
2905:,
2484:.
2377:,
2373:,
2369:,
2159:9
2137:8
2115:7
2093:6
2071:5
2049:4
2027:3
2005:2
1975:1
1964:)
1957:)
1420:.
1413:$
1407:,
1177:EU
1112:.
608:,
315:IT
94:,
90:,
86:,
13905:)
13901:(
13246:)
13242:(
13217:e
13210:t
13203:v
12810:e
12803:t
12796:v
12405:e
12398:t
12391:v
11469:)
11465:(
11218:e
11211:t
11204:v
11155:.
11116:.
11086:.
11054:.
11000:.
10969:.
10939:.
10910:.
10880:.
10845:.
10815:.
10785:.
10755:.
10725:.
10695:.
10656:.
10102:.
10029:.
9999:.
9969:.
9936:.
9911:.
9862:.
9827:.
9797:.
9765:.
9733:.
9703:.
9668:.
9638:.
9575:.
9541:.
9511:.
9460:.
9397:.
9313:.
9280:.
9249:.
9219:.
9187:.
9156:.
9120:.
9090:.
9064:.
9034:.
9008:.
8978:.
8966::
8912:.
8862:.
8823:.
8797:.
8767:.
8711:.
8678:.
8648:.
8622:.
8592:.
8562:.
8527:.
8441:.
8411:.
8381:.
8351:.
8325:.
8295:.
8265:.
8235:.
8205:.
8179:.
8149:.
8118:.
8084:.
8054:.
8028:)
8008:.
7974::
7954:.
7928:.
7902:.
7867:.
7837:.
7807:.
7772:.
7740:.
7681:.
7631:.
7558:.
7521:.
7491:.
7454:.
7422:.
7392:.
7362:.
7239:.
7209:.
7184:.
7171::
7126:.
7096:.
7066:.
7036:.
7006:.
6980:.
6954:.
6921:.
6895:.
6865:.
6835:.
6806:.
6776:.
6746:.
6721:.
6672:.
6639:.
6556:.
6544::
6468::
6428:.
6402:.
6377:.
6352:.
6322:.
6293:.
6263:.
6233:.
6203:.
6177:.
6157::
6131:.
6097:.
6066:.
6037:.
6007:.
5957:.
5924:.
5899:.
5873:.
5833:.
5803:.
5789:.
5759:.
5729:.
5700:.
5666:.
5632:.
5610:.
5584:.
5559:)
5539:.
5497:.
5459:.
5409:.
5395:.
5336:.
5306:.
4564:)
4557:)
4546:)
3715:.
3283:.
3023:.
1955:֏
1048:.
474:)
450:)
434:)
333:)
329:(
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.