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 2,790,974 people, it is one of the least populous country in the world and it has a moderate population density, 94 people per km2.

It's capital is Yerevan and its currency is Dram

Armenia is holding the 137 position by nominal GDP. Its national debt in 2021 was 7,090 millions of euros (8,391 millions of dollars), ( 60.25% debt-to-GDP ratio) and its public debt per capita is €2,540 euros per inhabitant$3,007 dollars per inhabitant.

The last annual rate of CPI published in Armenia was on February of 2023 and it was 8.1%.

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
Annual GDP [+]2021€11,768M
Annual GDP [+]2021$13,928M
GDP per capita [+]2021€4,217
GDP per capita [+]2021$4,990
Debt (M.€.) [+]20217,090
Debt ($M) [+]20218,391
Debt (%GDP) [+]202160.25%
Debt Per Capita [+]2021€2,540
Debt Per Capita [+]2021$3,007
Deficit (M.€) [+]2021-540
Deficit ($M) [+]2021-639
Deficit (%GDP) [+]2021-4.59%
Expenditure (M.€) [+]20213,377.8
Expenditure ($M) [+]20213,997.7
Education Expenditure (M.€) [+]2020299.6
Education Expenditure ($M) [+]2020341.9
Education Expenditure (%Bud.) [+]20218.28%
Gov. Health Exp. (M.€) [+]2017140.1
Gov. Health Exp.($M) [+]2017158.2
Gov. Health Exp. (%Bud.) [+]20175.27%
Defence Expenditure (M.€) [+]2021522.5
Defence Expenditure ($M) [+]2021618.4
Defence Expenditure (%Bud.) [+]202116.32%
Expenditure (%GDP) [+]202128.70%
Expenditure Per Capita [+]2021€1,210
Expenditure Per Capita [+]2021$1,432
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. [+]2021€187
Defence Expenditure P.C. [+]2021$222
Moody's Rating [+]03/24/2022Ba3
S&P Rating [+]02/24/2023B+
Fitch Rating [+]10/15/2020B+
Corruption Index [+]202246
Competitiveness Ranking [+]201969º
Fragile States Index [+]201869.5
RTI Raking [+]09/28/201847º
Innovation Ranking [+]201868º
Unemployment rate [+]2021Q410.0%
Unemployed [+]2021Q4155K
NMW [+]2022$153.2
NMW [+]2022€125.3
Human Capital Ranking [+]201749º
Euro / Dram [+]03/31/2023422.2800
US Dollar exchange rate [+]03/31/2023388.4800
CPI (overall index) [+]February 20238.1%
Money Market
Key rates [+]12/13/202210.75%
Doing Business [+]202047º
Passengers vehicles Year [+]December 2019970
Annual Vehicles/ 1,000 p. [+]December 20190.41
Standard VAT [+]01/01/200620.00%
Top tax rate + SSC [+]202023.0%
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%
Global AgeWatch Ranking [+]201543º
Density [+]202194
Global Peace Ranking [+]202283º
Crude divorce rate [+]20201.10‰
Remittance received ($M) [+]20171,539.0
% Immigrant [+]20196.42%
% Emigrant [+]201932.60%
Birth Rate [+]202012.30‰
Remittance sent ($M) [+]2017292.2
Crude death rate [+]202012.20‰
Fertility Rate [+]20201.58
Crude marriage rate [+]20204.11‰
% risk of poverty [+]202027.0%
Population [+]20212,790,974
Immigrant stock [+]2019190,159
Emigrant stock [+]2019964,848
HDI [+]20210.759
Gender Gap Ranking [+]202289º
Life expectancy [+]202072.17
Suicides [+]2015162
Suicide rate [+]20155.39
Number of homicides [+]202052
Rate Homicides per 100.000 [+]20201.75
Energy and Environment
CO2 Tons per capita [+]20212.30
Consumption GWh [+]20216,132
Generation GWh [+]20217,324
COVID-19 - Deaths [+]03/29/20238,739
COVID-19 - Confirmed [+]03/29/2023448,151
Fully vaccinated [+]03/05/2023986,762
COVID-19 - Deaths per million population [+]03/29/20233,131.16
Doses administered [+]03/05/20232,153,341