Key facts, figures and dates

The Amateur Traveler talks to David Dougherty about his recent trip to the small country of Armenia. David talks about view of Mount Ararat (just over the border in Turkey), monasteries and churches, riding the packed minivan buses (marshrutkas), meeting locals with a shared interest, the food, the legends and some of the history (the Armenian genocide).

Invitation Only Research Event

Event participants

Tunç Aybak, Programme Leader, International Politics and Law, Middlesex University
Thomas de Waal, Senior Associate, Russia and Eurasia Program, Carnegie Endowment for International Peace
Hratch Tchilingirian, Associate Faculty Member, Faculty of Oriental Studies, University of Oxford

Invitation Only Research Event

Event participants

Laurence Broers, Associate Fellow, Russia and Eurasia Programme, Chatham House
Chair: Lubica Pollakova, Senior Programme Manager, Russia and Eurasia Programme

The Armenian diaspora, which significantly exceeds the country's resident population, has played an instrumental role in Armenia's political and economic development since independence in 1991. Yet a picture emerges of divergent currents within the diaspora, often seen from above as a unified entity. Delve into differences in engagement among Armenia's "old" and "new" diasporas with this feature article.

Armenia's most famous footballing son, Henrikh Mkhitaryan is the U19 EURO ambassador and looks back at his own youth career.

A brawl broke out in the Armenian parliament on May 8. Edmon Marukian, chairman of the opposition Bright Armenia party, had just finished his speech when he was approached and slapped by Sasun Mikaelian, a member of the ruling My Step Alliance. Soon, dozens of lawmakers were fighting.

Armenian parliamentarians from opposing parties exchanged blows amid a disagreement over the government’s economic response to the coronavirus crisis. 

Underserved businesses run by women in Armenia need help to create a reliable client base and convince skeptical banks that their enterprises are a good investment.

The program aimed to increase the role of women entrepreneurs in economic development and address constraints they and micro, small, and medium-sized enterprises (MSMEs) faced. The program had two components—a policy-based loan (PBL) and a financial intermediation loan (FIL) — each at $20.0 million. The program was supported by a technical assistance (TA) capacity building component of $0.6 million.

"I am pleased to be here today with my friend, U.S. Attorney Birotte, and our law enforcement partners to announce these indictments, and the arrest of more than 80 members and associates of transnational organized crime groups, including a particularly powerful one based here in California."

Arman Sharopetrosian, Karen Markosian, Artush Margaryan and Kristine Ogandzhanyan were found guilty of conspiring to commit bank fraud, attempted bank fraud and various counts of aggravated identity theft.

Four members and associates of the Armenian Power gang and four other individuals pleaded guilty late yesterday to charges relating to the activities of the Armenian Power criminal enterprise, including racketeering conspiracy, bank fraud, aggravated identity theft, drug-trafficking and illegal possession of firearms.

Andranik Aloyan, an associate of the Armenian Power gang, has been convicted at trial for his role in a racketeering conspiracy that included stealing personal and financial information of elderly bank customers who held accounts that were valued at more than $25 million.

Two leaders of the Armenian Power gang were found guilty today by a federal jury in Los Angeles for their participation in a racketeering conspiracy that included extortion, bank fraud targeting elderly bank customers and a sophisticated credit and debit card skimming scheme.

An associate of the Armenian Power gang, who was convicted at trial for his role in a racketeering conspiracy that included stealing personal and financial information of elderly bank customers for accounts valued at more than $25 million, was sentenced to serve 160 months in prison today in federal court in Los Angeles

The Echmiadzin Cathedral complex in Armenia is one of 12 spiritual destinations that are becoming more sustainable.

Tax officials in Armenia are to receive support from the Italian Revenue Agency to implement initiatives to tackle tax base erosion and profit shifting.

Over 60 delegates from 16 countries, international and regional organisations, business, civil society and academia gathered in Yerevan, Armenia on 7 - 9 November 2018 for a regional meeting of the Inclusive Framework on BEPS in Eastern Europe and Central Asia.

A signing ceremony between the Italian Revenue Agency (Agenzia delle Entrate) and the State Revenue Committee of Armenia took place at the OECD today, establishing work plans for two assistance programmes initiated through Tax Inspectors Without Borders (TIWB) – a joint OECD/UNDP capacity building initiative.

IP Addresses in Armenia increased to 297303 IP in the first quarter of 2017 from 242616 IP in the fourth quarter of 2016. IP Addresses in Armenia averaged 205430.79 IP from 2007 until 2017, reaching an all time high of 371675 IP in the third quarter of 2014 and a record low of 4787 IP in the third quarter of 2007. This page includes a chart with historical data for ArmeniaIP Addresses.

Temperature in Armenia decreased to -4.14 celsius in December from 2.94 celsius in November of 2015. Temperature in Armenia averaged 8.55 celsius from 1780 until 2015, reaching an all time high of 25.29 celsius in August of 2006 and a record low of -10.28 celsius in January of 1813. This page includes a chart with historical data for Armenia Average Temperature.

Precipitation in Armenia increased to 24.21 mm in December from 21.95 mm in November of 2015. Precipitation in Armenia averaged 43.89 mm from 1901 until 2015, reaching an all time high of 148.82 mm in June of 1915 and a record low of 0.32 mm in November of 2010. This page includes a chart with historical data for Armenia Average Precipitation.

Retirement Age Women in Armenia remained unchanged at 63 in 2018 from 63 in 2017. This page provides - Armenia Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Men in Armenia remained unchanged at 63 in 2018 from 63 in 2017. This page provides - Armenia Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Armenia increased to 42.60 Index Points in the second quarter of 2016 from 42.40 Index Points in the first quarter of 2016. Consumer Confidence in Armenia averaged 46.34 Index Points from 2005 until 2016, reaching an all time high of 53.50 Index Points in the first quarter of 2007 and a record low of 40.70 Index Points in the third quarter of 2015. In Armenia, the consumer confidence indicator supplies concise information on consumers’ confidence regarding the progress of the economy. The survey of households is conducted by the Central Bank of Armenia. The questions concern both the overall macroeconomic situation in Armenia and the financial position and spending patterns of the interviewees. This page provides - Armenia Consumer Confidence - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Business Confidence in Armenia increased to 53.50 Index Points in the first quarter of 2017 from 52.10 Index Points in the fourth quarter of 2016. Business Confidence in Armenia averaged 55.99 Index Points from 2005 until 2017, reaching an all time high of 69.50 Index Points in the first quarter of 2007 and a record low of 38.40 Index Points in the first quarter of 2009. The business climate index is calculated based on companies' estimations of the current and expected output in industry, construction, trade and services. The values range from 0 to 100. 0 indicates expectations of 100 percent fall, 50 indicates stable growth and 100 indicates 100 percent growth. . This page provides - Armenia Business Confidence- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Armenia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Armenia averaged -10 percent from 1995 until 2018, reaching an all time high of -2.20 percent in 2004 and a record low of -22 percent in 1998. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Armenia recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2018. Government Budget in Armenia averaged -3.28 percent of GDP from 1995 until 2018, reaching an all time high of -0.70 percent of GDP in 2008 and a record low of -7.50 percent of GDP in 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides - Armenia Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Armenia recorded a government debt equivalent to 48.49 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Armenia averaged 36.28 percent from 1997 until 2018, reaching an all time high of 48.49 percent in 2018 and a record low of 13.56 percent in 2008. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Armenia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Military Expenditure in Armenia increased to 591 USD Million in 2018 from 444 USD Million in 2017. Military Expenditure in Armenia averaged 264.42 USD Million from 1992 until 2018, reaching an all time high of 591 USD Million in 2018 and a record low of 49.80 USD Million in 1993.

The Gross Domestic Product per capita in Armenia was last recorded at 4406.70 US dollars in 2018. The GDP per Capita in Armenia is equivalent to 35 percent of the world's average. GDP per capita in Armenia averaged 2444.64 USD from 1990 until 2018, reaching an all time high of 4406.70 USD in 2018 and a record low of 886 USD in 1993. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Armenia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Armenia was last recorded at 9177.70 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Armenia, when adjusted by Purchasing Power Parity is equivalent to 52 percent of the world's average. GDP per capita PPP in Armenia averaged 5091.40 USD from 1990 until 2018, reaching an all time high of 9177.70 USD in 2018 and a record low of 1845.30 USD in 1993. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Armenia GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gold Reserves in Armenia remained unchanged at 0 Tonnes in the second quarter of 2019 from 0 Tonnes in the first quarter of 2019. Gold Reserves in Armenia averaged 0.27 Tonnes from 2000 until 2019, reaching an all time high of 1.40 Tonnes in the third quarter of 2001 and a record low of 0 Tonnes in the fourth quarter of 2003. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Armenia Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Armenia scored 61.28 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Armenia averaged 16.83 Points from 2007 until 2019, reaching an all time high of 61.28 Points in 2019 and a record low of 3.71 Points in 2010. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Armenia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Armenia is the 69 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Armenia averaged 84.31 from 2007 until 2019, reaching an all time high of 98 in 2011 and a record low of 69 in 2019. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Armenia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Armenia is ranked 47 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Armenia deteriorated to 47 in 2019 from 41 in 2018. Ease of Doing Business in Armenia averaged 46 from 2008 until 2019, reaching an all time high of 61 in 2010 and a record low of 38 in 2014. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Armenia.

Terrorism Index in Armenia decreased to 1.17 in 2018 from 1.69 in 2017. Terrorism Index in Armenia averaged 0.93 from 2002 until 2018, reaching an all time high of 2.37 in 2016 and a record low of 0 in 2006. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Armenia scored 42 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Armenia averaged 31.26 Points from 1999 until 2019, reaching an all time high of 42 Points in 2019 and a record low of 25 Points in 2000. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Armenia Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Armenia is the 77 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Armenia averaged 98.26 from 1999 until 2019, reaching an all time high of 129 in 2011 and a record low of 76 in 2000. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Armenia Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing Production in Armenia increased 9.80 percent in November of 2019 over the same month in the previous year. Manufacturing Production in Armenia averaged 8.16 percent from 2011 until 2019, reaching an all time high of 29.40 percent in May of 2017 and a record low of -14.20 percent in November of 2015. This page provides - Armenia Manufacturing Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mining production in Armenia increased 1.70 percent in November of 2019 over the same month in the previous year. Mining Production in Armenia averaged 11.87 percent from 2011 until 2019, reaching an all time high of 91 percent in November of 2015 and a record low of -29.10 percent in September of 2018. This page provides - Armenia Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Armenia increased to 8.47 percent in December from 8.42 percent in November of 2019. Deposit Interest Rate in Armenia averaged 11.70 percent from 1995 until 2019, reaching an all time high of 63.18 percent in December of 1995 and a record low of 4.90 percent in December of 2004. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Armenia.

The Corporate Tax Rate in Armenia stands at 18 percent. Corporate Tax Rate in Armenia averaged 19.87 percent from 2006 until 2020, reaching an all time high of 20 percent in 2007 and a record low of 18 percent in 2020. In Armenia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Armenia. This page provides - Armenia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Armenia stands at 20 percent. In Armenia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Armenia. This page provides - Armenia Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Armenia stands at 23 percent. Personal Income Tax Rate in Armenia averaged 26.06 percent from 2003 until 2020, reaching an all time high of 36 percent in 2014 and a record low of 20 percent in 2004. In Armenia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Armenia. This page provides - Armenia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Social Security Rate For Employees in Armenia stands at 2.50 percent. Social Security Rate For Employees in Armenia averaged 5.25 percent from 2011 until 2020, reaching an all time high of 8 percent in 2012 and a record low of 2.50 percent in 2018. In Armenia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Armenia because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Armenia Social Security Rate For Employees - actual values, historical data, forecast, chart, statistics, economic calendar and news.