This is the last operation in a programmatic series of four DPFs spanning 2013-2016. Armenia gdp for 2016 was $10.55B, a 0.07% decline from 2015. New markets opening for home-grown products. Email: rr-arm@imf.org Tel 1:: +374-10-528-960 Tel 2: +374-10-545-834 Fax: +374-10-545-833 The World Bank Group works in every major area of development. | Armenia GDP | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %). Armenia is particularly dependent on Russian commercial and governmental support, as most key Armenian infrastructure is Russian-owned and/or managed, especially in the energy sector. Resident Representative for Republic of Armenia Yulia Ustyugova Resident Representative . Parliamentary elections in April 2017 were conducted according to the amended Constitution and new electoral law, and the president will be elected by parliament rather than popular vote in spring 2018. GDP growth (annual %) - Armenia. Pashinyan said that raising the efficiency of the fight against corruption will be one of the most important challenges. Wizz Air Abu Dhabi will be regularly flying from the Armenian capital of Yerevan to Abu Dhabi, UAE. Sustained growth, ambitious reforms, as well as inflows of capital and remittances have created a market-oriented environment. Overview: This page contains the latest international trade data for Armenia, including service trade data, and tariffs.In 2018 Armenia was the number 135 economy in the world in terms of GDP (current US$), the number 126 in total exports, the number 132 in total imports, and the number 78 most complex economy according to the Economic Complexity Index (ECI). The Human Capital Index quantifies the contribution of health and education to the productivity of the next generation of workers. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. LinkedIn 5 years of economic forecasts for more than 30 economic indicators. Armenian citizens have been surveyed for better understanding of their awareness, attitudes and perceptions about the pandemic. Ministry of Finance 1 Melik Adamyan Street Room 233 Yerevan 0010, Armenia. Following robust real GDP growth of 7.5 percent in 2017 and 5.2 percent in 2018, economic performance remained strong in 2019, expanding by 7.6 percent. The ADB said in April that economic growth in Armenia was projected to slow from "the unusually high rate" of 7.6% achieved in 2019 to 2.2% in 2020 due to the impact of Covid-19. Meanwhile in Georgia, the economy will contract 5% in 2020, before recovering by 4.5% in 2021. If you continue to navigate this website beyond this page, cookies will be placed on your browser. Countries can use it to assess how much income they are foregoing because of human capital gaps, and how much faster they can turn these losses into gains if they act now. Find Out. On the foreign policy front, Armenia has strengthened its ties with the European Union while maintaining a strong partnership with the countries of the Eurasian Economic Union. Click on the button below to get started. World Bank national accounts data, and OECD National Accounts data files. How we are coordinating with partners and supporting countries to manage the global pandemic. – Girls’ Aspirations and Fathers’ Pride. The Council adopted revised conclusions on the EU list of non-cooperative jurisdictions for tax purposes. Twitter Wizz Air announces Yerevan–Abu Dhabi flights from October, Russian ruble plummets after oil pact breakdown, Pashinyan: $1.5 bn of army budget must come from anti-corruption drive, EU removes Armenia from tax havens "grey list", IMF OKs $250 mln stand-by arrangement for Armenia, Armenia's foreign debt down by $86.5 million, Armenia GDP growth remains strong, says World bank, Armenia unveils more footage from destruction of Azerbaijani equipment, Ambassador: Armenia not planning to ask CSTO for assistance, Cyprus slams Azerbaijan's violating of Karabakh ceasefire, Azerbaijan employed TOS heavy artillery systems overnight.
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