Economy of Armenia

Imports
Imports commoditiesnatural gas, petroleum, tobacco products, foodstuffs, diamonds
Import partnersRussia 24.8%, China 9.4%, Germany 6.2%, Iran 5.2%, Ukraine 5.1%, Turkey 5% (2012)
Exports
Exports commoditiespig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy
Export partnersRussia 19.6%, Germany 10.7%, Bulgaria 9.1%, Belgium 8.9%, Iran 6.9%, US 6.1%, Canada 6%, Georgia 5.7%, Netherlands 5.6%, Switzerland 5% (2012)
Economy sectors
Agriculture productsfruit (especially grapes), vegetables; livestock
Industrial productsdiamond-processing, metal-cutting machine tools, forging-pressing machines, electric motors, tires, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry manufacturing, software development, food processing, brandy, mining
Economy
Unemployment17.3 % (2012)5.90 % (2011)19.0 % (2010)
Unemployment of Armenia
GDP - Official Exchange Rate10.4 Billion $ (2013)9.78 Billion $ (2012)10.1 Billion $ (2011)
GDP - Official Exchange Rate of Armenia
GDP growth rate4.60 % (2013)7.20 % (2012)4.60 % (2011)
GDP growth rate of Armenia
GDP per Capita (PPP)6,300 $ (2013)5,900 $ (2012)5,500 $ (2011)
GDP per Capita (PPP) of Armenia
GDP - Purchasing Power Parity20.6 Billion $ (2013)19.4 Billion $ (2012)18.3 Billion $ (2011)
GDP - Purchasing Power Parity of Armenia
GDP PPP per land area693 Thousand $ per square kilometer (2013)654 Thousand $ per square kilometer (2012)614 Thousand $ per square kilometer (2011)
GDP PPP per land area of Armenia
ElectricityBanking
Central bank discount rate8.00 % (2012)0.00 % (2009)7.25 % (2008)
Central bank discount rate of Armenia
Commercial bank prime lending rate16.5 % (2013)17.2 % (2012)17.8 % (2011)
Commercial bank prime lending rate of Armenia
GDP decomposition by sector
Agriculture % of GDP20.6 % (2013)20.5 % (2012)
Industry % of GDP37.3 % (2013)37.0 % (2012)
Services % of GDP42.1 % (2013)42.5 % (2012)
Tourism
International tourism, number of arrivals843 Thousand (2012)758 Thousand (2011)684 Thousand (2010)
International tourism, number of arrivals of Armenia
International tourism, number of departures807 Thousand (2012)715 Thousand (2011)563 Thousand (2010)
International tourism, number of departures of Armenia
Yearly Tourist arrivals to residents ratio28.4 % (2012)25.5 % (2011)23.1 % (2010)
Yearly Tourist arrivals to residents ratio of Armenia
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)37.7 % of GDP (2013)41.4 % of GDP (2012)41.2 % of GDP (2011)
Public debt (Percentage of GDP) of Armenia
Current Account Balance (Percentage of GDP)-11.13 % of GDP (2012)-11.20 % of GDP (2011)-14.83 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Armenia
External Debt Stocks (Percentage of GNI)72.9 % of GNI (2012)69.0 % of GNI (2011)65.0 % of GNI (2010)
External Debt Stocks (Percentage of GNI) of Armenia
Short-term debt (percentage of total external debt)10.6 % of total external debt (2012)11.8 % of total external debt (2011)9.94 % of total external debt (2010)
Short-term debt (percentage of total external debt) of Armenia
Current Account Balance (Total)-720.60 Million $ (2013)-1.05 Billion $ (2012)-1.12 Billion $ (2011)
Current Account Balance (Total) of Armenia
External Debt (Total)7.84 Billion $ (2013)7.63 Billion $ (2012)6.42 Billion $ (2011)
External Debt (Total) of Armenia
External Debt (Percentage of GDP)75.1 % of GDP (2013)78.1 % of GDP (2012)63.3 % of GDP (2011)
External Debt (Percentage of GDP) of Armenia
External Debt per Capita2,636 $ (2013)2,570 $ (2012)2,162 $ (2011)
External Debt per Capita of Armenia