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)

GDP - Official Exchange Rate10.4 Billion $ (2013)9.78 Billion $ (2012)10.1 Billion $ (2011)

GDP growth rate4.60 % (2013)7.20 % (2012)4.60 % (2011)

GDP per Capita (PPP)6,300 $ (2013)5,900 $ (2012)5,500 $ (2011)

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)

Electricity

Electricity - installed generating capacity3.47 Million kW

Banking

Central bank discount rate8.00 % (2012)0.00 % (2009)7.25 % (2008)

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 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

Budget surplus (+) or deficit (-)-1.60 % of GDP

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 (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)