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Demographics of Armenia | Wealth | Wealth
According to Global Wealth Report, prepared by Credit Suisse, mean wealth per adult in Armenia in 2019 is estimated at $19,517 (rising 9 times from estimated $2,177 in year 2000). Mean wealth per adult in Armenia surpasses corresponding values for neighboring countries Georgia and Azerbaijan by over 50%, all C... |
Demographics of Armenia | Poverty | Poverty
As much as 53.5% of the country's population was officially considered poor in 2004. Poverty fell significantly in the following years amid double-digit economic growth that came to an end with the onset of the global financial crisis in late 2008. It soared to almost 36% in 2010, one year after Armenia's Gr... |
Demographics of Armenia | See also | See also
Assyrians in Armenia
Censuses of Armenia
Demographics of the Republic of Artsakh
Ethnic minorities in Armenia
Greeks in Armenia
Health in Armenia
Kurds in Armenia
List of European countries by population
Lom people
Peoples of the Caucasus
Russians in Armenia
Social protection in Armenia
Yazidis ... |
Demographics of Armenia | Notes | Notes |
Demographics of Armenia | References | References |
Demographics of Armenia | Bibliography | Bibliography |
Demographics of Armenia | External links | External links
Population cartogram of Armenia
Khachatryan, Anush; Karapetyan, Arsen: "Public Green Space in Armenian Cities: A Legal Analysis" in the Ccaucasus Analytical Digest No. 23
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Demographics of Armenia | Table of Content | Short description, Historical statistics, Population size and structure, Structure of the population, Vital statistics, Life expectancy, Reproduction indicators, Vital statistics summary data, Current vital statistics, Ethnic groups, Languages, Religions, Emigration, Migration during post-Soviet period, Immigration, Mi... |
Politics of Armenia | Short description | The politics of Armenia take place in the framework of the parliamentary representative democratic republic of Armenia, whereby the president of Armenia is the head of state and the prime minister of Armenia the head of government, and of a multi-party system. Executive power is exercised by the president and the Gover... |
Politics of Armenia | History | History
Armenia became independent from the Russian Empire on 28 May 1918 as the Republic of Armenia, later referred as First Republic of Armenia. About a month before its independence Armenia was part of short lived Transcaucasian Democratic Federative Republic. Suffering heavy losses during the Turkish invasion of Ar... |
Politics of Armenia | Transition to a parliamentary republic | Transition to a parliamentary republic
In December 2015, the country held a referendum which approved transformation of Armenia from a semi-presidential to a parliamentary republic.
As a result, the president was stripped of his veto faculty and the presidency was downgraded to a figurehead position elected by parliam... |
Politics of Armenia | Government | Government
|President
|Vahagn Khachaturyan
|Independent
|13 March 2022
|-
|Prime Minister
|Nikol Pashinyan
|Civil Contract
|8 May 2018
|} |
Politics of Armenia | Legislative branch | Legislative branch
The unicameral National Assembly of Armenia (Azgayin Zhoghov) is the legislative branch of the government of Armenia.
Before the 2015 Armenian constitutional referendum, it was initially made of 131 members, elected for five-year terms: 41 members in single-seat constituencies and 90 by proportiona... |
Politics of Armenia | Political parties and elections | Political parties and elections
As of January 2025, there are 123 political parties registered in Armenia.How many parties are there in the Republic of Armenia as of January 1, 2025? Last year alone, 8 parties received state registration The electoral threshold is currently set at 5% for single parties and 7% for bloc... |
Politics of Armenia | Latest national elections | Latest national elections |
Politics of Armenia | Latest presidential elections | Latest presidential elections |
Politics of Armenia | Independent agencies | Independent agencies
Independent of three traditional branches are the following independent agencies, each with separate powers and responsibilities:
the Constitutional Court of Armenia
the Central Electoral Commission of Armenia
the Human Rights Defender of Armenia
the Central Bank of Armenia
the Prosecutor Gen... |
Politics of Armenia | Corruption | Corruption
Transparency International's 2024 Corruption Perceptions Index ranked Armenia 60th out of 180 in the world with 47 points. This has pushed the country up from being ranked at 60th in 2020 and 58th in 2021. According to Transparency International, Armenia has improved significantly on the Corruption Percepti... |
Politics of Armenia | See also | See also
Constitution of Armenia
Constitutional economics
Elections in Armenia
Foreign relations of Armenia
List of political parties in Armenia
Politics of Artsakh
Programs of political parties in Armenia
Rule according to higher law |
Politics of Armenia | Notes | Notes |
Politics of Armenia | References | References |
Politics of Armenia | External links | External links
Global Integrity Report: Armenia has information on anti-corruption efforts
Petrosyan, David: "The Political System of Armenia: Form and Content" in the Caucasus Analytical Digest No. 17
Control Chamber of The Republic of Armenia
Armenian language document
National Assembly of the Republic of Armeni... |
Politics of Armenia | Table of Content | Short description, History, Transition to a parliamentary republic, Government, Legislative branch, Political parties and elections, Latest national elections, Latest presidential elections, Independent agencies, Corruption, See also, Notes, References, External links |
Economy of Armenia | Short description | The economy of Armenia grew by 5.9% in 2024, according to estimates by the International Monetary Fund, with total output amounting to $25.5 billion. GDP contracted sharply in 2020 by 7.1%, mainly due to the COVID-19 recession and the war against Azerbaijan. In contrast it grew by 7.6% in 2019, the largest recorded gro... |
Economy of Armenia | Overview | Overview
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 small-scale agr... |
Economy of Armenia | Global competitiveness | Global competitiveness
In the 2020 report of Index of Economic Freedom by The Heritage Foundation, Armenia is classified as "mostly free" and ranks 34th, improving by 13 positions and ahead of all other Eurasian Economic Union countries and several EU countries including Cyprus, Bulgaria, Romania, Poland, Belgium, Spa... |
Economy of Armenia | History of the modern Armenian economy | History of the modern Armenian economy
At the beginning of the 20th century, the territory of present-day Armenia was an agricultural region with some copper mining and cognac production. From 1914 through 1921, Caucasian Armenia suffered from the genocide of about 1.5 million Armenian inhabitants in their own homeland... |
Economy of Armenia | Post-communist economic reforms | Post-communist economic reforms
Armenia introduced elements of the free market and privatisation into their economic system in the late 1980s, when Mikhail Gorbachev began advocating economic reform. To supply the country's basic needs, the first decision was land reform and the privatization of land. This allowed for ... |
Economy of Armenia | Outperforming GDP growth | Outperforming GDP growth
alt=|thumb|upright 1.2|GDP growth rates in Armenia and some neighboring countries and some regions in years 2010–2017
According to official preliminary data GDP grew by 7.6 per cent in 2019, largest recording growth since 2008.
Nominal GDP per capita was approximately $4,196 in 2018 and is ex... |
Economy of Armenia | Regional GDP | Regional GDP
This is a list of provinces of Armenia by nominal GDP shown in Armenian dram and US$. Statistics shown are for 2017.
RankRegionGDP (bil. ֏)GDP (bil. US$)GDP per capita (֏)GDP per capita (US$)13,032.4546.2862,816,4335,8382Ararat Province381.6590.7911,478,7273,0653Kotayk Province346.8430.7191,375,2702,85... |
Economy of Armenia | 2020 recession | 2020 recession
The Armenian economy performed poorly in 2020, and contracted by 7.2% after years of consecutive growth. The two biggest contributing factors were the COVID-19 recession and the Second Nagorno-Karabakh War. In the first half of 2020, the Armenian economy was negatively impacted by the economic restrict... |
Economy of Armenia | Main sectors of economy | Main sectors of economy |
Economy of Armenia | Agricultural sector | Agricultural sector
Armenia produced in 2018:
415 thousand tons of potatoes;
199 thousand tons of vegetables;
187 thousand tons of wheat;
179 thousand tons of grapes;
138 thousand tons of tomatoes;
126 thousand tons of watermelons;
124 thousand tons of barley;
109 thousand tons of apples;
104 thousand tons o... |
Economy of Armenia | Mining | Mining
thumb|Armenia's largest mine, the Kajaran copper-molybdenum open-pit mine in southern Armenia
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.
In 2017, mineral product (without precious metals and stones) exports grew by 46.9% and run at... |
Economy of Armenia | Construction sector | Construction sector
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.
In 2017, construction output increased by 2.2% reaching 416 b... |
Economy of Armenia | Energy | Energy
In 2017, electricity generation increased by 6.1% reaching 7.8 billion KWh. |
Economy of Armenia | Digital economy | Digital economy
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. Aimed a... |
Economy of Armenia | Industrial sector | Industrial sector
In 2017, industrial output increased by 12.6% annually reaching 1661 billion AMD.
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 commod... |
Economy of Armenia | Services sector | Services sector
In the 2000s, along with the construction sector, the services sector 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, prude... |
Economy of Armenia | Retail trade | Retail trade
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 of fo... |
Economy of Armenia | Information and Communication Technologies | Information and Communication Technologies
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. |
Economy of Armenia | Financial Services | Financial Services
In January 2019 there were 20.5 thousand employees registered in the financial sector.
According to Moody's, robust economic growth will benefit banks with GDP growth remaining robust at around 4.5% in 2019–20.
+
Development of Financial Services in 2017 according to CBA reportFinancial Services Seg... |
Economy of Armenia | Tourism | Tourism
thumb|Grand Hotel Yerevan, established in 1926
Tourism in Armenia has been a key sector to the Armenian economy since the 1990s when tourist numbers exceeded half a million people visiting the country every year (mostly ethnic Armenians from the Diaspora). The Armenian Ministry of Economy reports that most in... |
Economy of Armenia | Financial system | Financial system |
Economy of Armenia | Foreign debt | Foreign debt
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 the stat... |
Economy of Armenia | Exchange rate of national currency | Exchange rate of national currency
National Statistics Office publishes official reference exchange rates for each year. |
Economy of Armenia | Inflation | Inflation
For 2023 the IMF forecasts inflation at 3.5%, which is below most neighbouring countries.
The Armenian government projects inflation at 2.7% in 2019.
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 2... |
Economy of Armenia | Cash remittances | Cash remittances
thumb|Central Bank of Armenia's Educational Center in Dilijan
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 ... |
Economy of Armenia | Banking | Banking
thumb|Ameriabank headquarters in Yerevan
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-... |
Economy of Armenia | Microfinance | Microfinance
The establishment of Microfinance institutions 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 cou... |
Economy of Armenia | Government revenues and taxation | Government revenues and taxation |
Economy of Armenia | Government revenues | Government revenues
In August 2019 Moody's Investors Service upgraded Armenia to Ba3 rating with stable outlook.
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-GD... |
Economy of Armenia | Taxation | Taxation |
Economy of Armenia | Employee income tax | Employee income tax
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%. |
Economy of Armenia | Corporate income tax | Corporate income tax
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. |
Economy of Armenia | Special taxation for small business | Special taxation for small business
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... |
Economy of Armenia | Value-added tax | Value-added tax
Over half of the tax revenues in January–August 2008 were generated from value-added taxes (VAT) of 20%. By comparison, corporate profit tax generated less than 16 percent of the revenues."Government Keeps Up Strong Growth In Tax Revenues" , Armenia Liberty (RFE/RL), October 14, 2008. This suggests that... |
Economy of Armenia | Foreign trade, direct investments, and aid | Foreign trade, direct investments, and aid |
Economy of Armenia | Foreign trade | Foreign trade |
Economy of Armenia | Exports | Exports
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.
The goods export structure changed considerably ... |
Economy of Armenia | Imports | Imports
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 total imports ... |
Economy of Armenia | Deficit | Deficit
According to the National Statistical Service foreign trade deficit amounted to US$1.94 billion in 2017.
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 expor... |
Economy of Armenia | Partners | Partners |
Economy of Armenia | European Union | European Union
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.
EU-Armenia trade increased by 15% in 2018 reaching a total value of €1.1 billion.
In 2017 EU countries accounted for 24.3 percent of Armenia's foreign trade. ... |
Economy of Armenia | Russia and former Soviet republics | Russia and former Soviet republics
On 14 October 2024, Armenia notified its ratification of the Commonwealth of Independent States Agreement on Free Trade in Services, Establishment, Operations and Investment, which entered into force on 13 November 2024 for Armenia.https://cis.minsk.by/reestrv2/print/documentCard?ids=... |
Economy of Armenia | China | China
In 2017 trade with China grew by 33.3 percent.
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.Chinese FM Visits Armenia, Urges Closer Ties , Armenia Liberty (RFE/RL), February 17, 2011. The volume of Chinese-Armenian trade s... |
Economy of Armenia | Iran | Iran
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. The number of ... |
Economy of Armenia | United States | United States
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.
During the first 11 months of 2006 US–Armenian trade t... |
Economy of Armenia | Georgia | Georgia
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.Armenia, Georgia Agree On Joint... |
Economy of Armenia | Turkey | Turkey
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. |
Economy of Armenia | Foreign direct investments | Foreign direct investments
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.
Armenia foreign direct investment: USD mn Net Flows data is available from March 1993 through December 2020, and is updated quarterly.
... |
Economy of Armenia | Yearly FDI figures | Yearly FDI figures
Despite robust economic growth foreign direct investment (FDI) in Armenia remain low as of 2018.
in January–September 2019 the net flow of direct foreign investment in the real sector of the Armenian economy stood at about $267 million.
+FDI inward flows as percentage of gross fixed capital formatio... |
Economy of Armenia | Stock FDI | Stock FDI
FDI stock to GDP ratio grew continuously during 2014–2016 and reached 44.1% in 2016, surpassing average figures for Commonwealth of Independent States countries, transition economies and the world.
+Stock inward FDIYearMillion dollarsShare of GDP20154 33820164 63543.9%20174 75241.2%20185 51144.4%
By the end o... |
Economy of Armenia | FDI in founding capital of financial institutions | FDI in founding capital of financial institutions
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%.
Net FDI in founding capital of financial institutions accumulated by end of September 2017 is pre... |
Economy of Armenia | Foreign aid | Foreign aid |
Economy of Armenia | United States | United States
The Armenian government receives foreign aid from the government of the United States through the United States Agency for International Development and the Millennium Challenge Corporation.
On March 27, 2006, the Millennium Challenge Corporation signed a five-year, $235.65 million compact with the Gover... |
Economy of Armenia | European Union | European Union
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.
With c... |
Economy of Armenia | Domestic business environment | Domestic business environment
thumb|Headquarters of the Armenian State Revenue Committee (housing both the Armenian Customs Service and the Armenian Tax Service).Since transition of power to new leadership in 2018 Armenian government works on improving domestic business environment. Numerous formerly privileged busine... |
Economy of Armenia | Foreign trade facilitation | Foreign trade facilitation
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.
The “Alliance” FEZ was opened in August 201... |
Economy of Armenia | Controversial issues | Controversial issues |
Economy of Armenia | Monopolies | Monopolies
Major monopolies in Armenia include:
Natural gas import and distribution, held by Gazprom Armenia, formerly named ArmRosGazprom (controlled by Russian monopoly Gazprom)New Russian Gas Price For Armenia Unveiled , Armenia Liberty (RFE/RL), September 23, 2008.
Armenia's railway, South Caucasus Railway, owned... |
Economy of Armenia | Takeover of Armenian industrial property by the Russian state and Russian companies | Takeover of Armenian industrial property by the Russian state and Russian companies
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... |
Economy of Armenia | Non-transparent deals | Non-transparent deals
Critics of the Robert Kocharyan 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 sou... |
Economy of Armenia | Transportation routes and energy lines | Transportation routes and energy lines
thumb|Zvartnots International Airport main concourse |
Economy of Armenia | Internal | Internal
Since early 2008, Armenia's entire rail network is managed by the Russian state railway under brand South Caucasus Railways."Armenia ‘Pressing Ahead’ With Iran Rail Link" , Armenia Liberty (RFE/RL), October 14, 2008."Armenia Scrambles To Restore Vital Supplies Via Georgia" , Armenia Liberty (RFE/RL), August 18... |
Economy of Armenia | Metros | Metros
Yerevan Metro was launched in 1981. It serves 11 active stations. |
Economy of Armenia | Buses | Buses
Yerevan Central Bus Station, also known as Kilikia Bus Station, is Yerevan's primary bus terminal, linking buses to both domestic and foreign destinations. |
Economy of Armenia | Roadways | Roadways
Total length:
8,140 km, World ranking: 112 (7,700 km paved including 1561 km of expressways). |
Economy of Armenia | Through Georgia | Through Georgia
Russian natural gas reaches Armenia via a pipeline through Georgia.
The only operational rail link into Armenia is from Georgia. During Soviet times, Armenia's rail network connected to Russia's via Georgia through Abkhazia along the Black Sea. However, the rail link between Abkhazia and other Georgian... |
Economy of Armenia | Through Iran | Through Iran
A new gas pipeline to Iran has been completed, and a road to Iran through the southern city of Meghri allows trade with that country. An oil pipeline to pump Iranian oil products is also in the planning stages.
As of October 2008 the Armenian government was considering implementing an ambitious project t... |
Economy of Armenia | Through Turkey and Azerbaijan | Through Turkey and Azerbaijan
The border closures by Turkey and Azerbaijan have severed Armenia's rail link between Gyumri and Kars; 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 ... |
Economy of Armenia | Labor market | Labor market |
Economy of Armenia | Labor occupation | Labor occupation
According to the 2018 HDI statistical update, Armenia had the highest percentage of employment in services (49.7%) and lowest share in agriculture (34.4%) among the South Caucasus countries. |
Economy of Armenia | Unionization | Unionization
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. |
Economy of Armenia | Monthly wages | Monthly wages
According to preliminary figures from Statistical Committee of Armenia monthly wages averaged to 172 thousand AMD in February 2019.
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 per... |
Economy of Armenia | Unemployment | Unemployment
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 Statistical Committee of Armenia 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% duri... |
Economy of Armenia | Female unemployment in Armenia | Female unemployment in Armenia
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 neig... |
Economy of Armenia | Migrant workers | Migrant workers
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 reasons ... |
Economy of Armenia | Natural environment protection | Natural environment protection
Environmental Project Implementation Unit implements projects related to Natural environment protection.
Armenia's greenhouse gas emissions decreased 62% from 1990 to 2013, averaging −1.3% annually.
Armenia is working on addressing its environmental problems. Ministry of Environment ha... |
Economy of Armenia | See also | See also
Armenian merchantry
Armenia Securities Exchange
Currency of Armenia
Diamond industry in Armenia
Eurasian Economic Union
Geographical Issues in Armenia
List of banks in Armenia
List of companies of Armenia |