Armenia Armenia

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Armenia, is a country located at Western Asia, it has an area of 29,740 Km2 and it may be considered quite a small country.

Armenia, with a population of 2,977,130 people, it is one of the least populous country in the world and has a population density of 100 people per km2.

It's capital is Yerevan and its currency is Dram

Armenia is holding the 121 position by nominal GDP. Its national debt in 2022 was 9,119 millions of euros (9,610 millions of dollars), ( 49.25% debt-to-GDP ratio) and its public debt per capita is €3,063 euros per inhabitant$3,228 dollars per inhabitant.

The last annual rate of CPI published in Armenia was on March of 2024 and it was -1.2%.

In terms of the human development index (HDI) of Armenia, which is the index used by the United Nations to measure the progress of a country, was 0.759 points in 2021, leaving it in 85th place in the table of 191 countries published.

If the reason to visit Armenia are business, you must know it's in the 47th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Armenia, if you want to see information about other countries click here

Yerevan: Monthly Temp.
Yerevan: Monthly Rainfall
Armenia Economy
Gouvernement
Annual GDP [+]2022€18,516M
Annual GDP [+]2022$19,514M
GDP per capita [+]2022€6,220
GDP per capita [+]2022$6,555
Debt (M.€.) [+]20229,119
Debt ($M) [+]20229,610
Debt (%GDP) [+]202249.25%
Debt Per Capita [+]2022€3,063
Debt Per Capita [+]2022$3,228
Deficit (M.€) [+]2022-391
Deficit ($M) [+]2022-412
Deficit (%GDP) [+]2022-2.11%
Expenditure (M.€) [+]20224,884.4
Expenditure ($M) [+]20225,147.6
Education Expenditure (M.€) [+]2020299.7
Education Expenditure ($M) [+]2020342.0
Education Expenditure (%Bud.) [+]20218.28%
Gov. Health Exp. (M.€) [+]2017140.1
Gov. Health Exp.($M) [+]2017158.2
Gov. Health Exp. (%Bud.) [+]20175.27%
Defence Expenditure (M.€) [+]2022799.4
Defence Expenditure ($M) [+]2022842.4
Defence Expenditure (%Bud.) [+]202216.00%
Expenditure (%GDP) [+]202226.38%
Expenditure Per Capita [+]2022€1,641
Expenditure Per Capita [+]2022$1,729
Education Expenditure P.C [+]2020€101
Education Expenditure P.C [+]2020$115
Gov. Health Exp. P.C. [+]2017€48
Gov. Health Exp. P.C. [+]2017$54
Defence Expenditure P.C. [+]2022€269
Defence Expenditure P.C. [+]2022$283
Moody's Rating [+]06/22/2023Ba3
S&P Rating [+]08/25/2023BB-
Fitch Rating [+]10/15/2020B+
Corruption Index [+]202246
Competitiveness Ranking [+]201969º
Fragile States Index [+]201869.5
RTI Raking [+]202235º
Innovation Ranking [+]201868º
Labour
Unemployment rate [+]2021Q410.0%
Unemployed [+]2021Q4155K
NMW [+]2022$156.1
NMW [+]2022€125.3
Human Capital Ranking [+]201749º
Markets
Euro / Dram [+]04/19/2024420.7500
US Dollar exchange rate [+]04/19/2024394.0700
Prices
CPI (overall index) [+]March 2024-1.2%
Money Market
Key rates [+]03/12/20248.50%
Business
Doing Business [+]202047º
Passengers vehicles Year [+]December 2019970
Annual Vehicles/ 1,000 p. [+]December 20190.41
Taxes
Tax Revenue (%GDP) [+]202122.7%
Standard VAT [+]01/01/200620.00%
Top tax rate + SSC [+]202023.0%
Trade
Annual arrivals [+]20191,894,377
Exports [+]2021€2,555.6M
Exports [+]2021$3,022.5M
Exports % GDP [+]202121.72%
Imports [+]2021€4,529.3M
Imports [+]2021$5,356.8M
Imports % GDP [+]202138.49%
Trade balance [+]2021€-1,973.7M
Trade balance [+]2021$-2,334.3M
Trade balance % GDP [+]2021-16.77%
Socio-Demography
Global AgeWatch Ranking [+]201543º
Density [+]2022100
Global Peace Ranking [+]202366º
Crude divorce rate [+]20201.10‰
Remittance received ($M) [+]20171,539.0
% Immigrant [+]20206.42%
% Emigrant [+]202032.34%
Birth Rate [+]202112.05‰
Remittance sent ($M) [+]2017292.2
Crude death rate [+]202113.01‰
Fertility Rate [+]20211.58
Crude marriage rate [+]20225.64‰
% risk of poverty [+]202224.8%
Population [+]20222,977,130
Immigrant stock [+]2020190,349
Emigrant stock [+]2020958,190
HDI [+]20210.759
Gender Gap Ranking [+]202361º
Life expectancy [+]202172.04
Suicides [+]2015162
Suicide rate [+]20155.39
Number of homicides [+]202161
Rate Homicides per 100.000 [+]20212.19
Energy and Environment
CO2 Tons per capita [+]20212.30
Consumption GWh [+]20216,132
Generation GWh [+]20217,324
Others
COVID-19 - Deaths [+]03/31/20248,777
COVID-19 - Confirmed [+]03/31/2024451,831
Fully vaccinated [+]10/01/20231,030,758
COVID-19 - Deaths per million population [+]03/31/20242,948.14
Doses administered [+]10/01/20232,256,919