Armenia

Country Summary

Introduction

Background

Armenia is a landlocked country in Southwestern Asia or Eurasia. It is situated at the gateway between Western Asia and Eastern Europe and bordered by Azerbaijan, Georgia, Iran, and Turkey. Located in the Lesser Caucasus Mountains, Armenia is a mountainous region with fast-flowing rivers.

Geography

Area

total: 29,743 sq km
land: 28,203 sq km
water: 1,540 sq km

Climate

highland continental, hot summers, cold winters

Natural resources

small deposits of gold, copper, molybdenum, zinc, bauxite

People and Society

Population

2,989,091 (2023 est.)

Ethnic groups

Armenian 98.1%, Yezidi 1.1%, other 0.8% (2022 est.)

Languages

Armenian (official) 97.9%, Kurmanji (spoken by Yezidi minority) 1%, other 1.1%; note - Russian is widely spoken (2011 est.)

Religions

Armenian Apostolic Christian 95.2%, other Christian 1.6%, other 0.9%, none 0.6%, unspecified 1.7% (2022 est.)

Population growth rate

-0.4% (2023 est.)

Government

Government type

parliamentary democracy; note - constitutional changes adopted in December 2015 transformed the government to a parliamentary system

Capital

name: Yerevan

Executive branch

chief of state: President Vahagn KHACHATURYAN (since 13 March 2022)
head of government: Prime Minister Nikol PASHINYAN (since 10 September 2021); Deputy Prime Ministers Mher GRIGORYAN (since 3 August 2021) and Tigran KHACHATRYAN (since 19 December 2022); note - Prime Minister Nikol PASHINYAN resigned on 25 April 2021 in advance of the 20 June 2021 parliamentary election; he was reappointed by the president on 2 August 2021 and sworn in on 10 September 2021

Legislative branch

description: unicameral National Assembly (Parliament) or Azgayin Zhoghov (minimum 101 seats, with additional seats allocated as necessary and generally changing with each parliamentary convocation; current - 107; members directly elected in single-seat constituencies by closed party-list proportional representation vote; members serve 5-year terms; four mandates are reserved for national minorities; no more than 70% of the top membership of a party list can belong to the same sex; political parties must meet a 5% threshold and alliances a 7% threshold to win seats; at least three parties must be seated in the Parliament)

Economy

Economic overview

EEU-and CIS-member state but seeking more EU and US trade; business-friendly growth environments; stable monetary regime but vulnerable demand economy; key copper and gold exporter; persistent unemployment; large diaspora and remittances

Real GDP (purchasing power parity)

$39.613 billion (2021 est.)
$37.476 billion (2020 est.)
$40.384 billion (2019 est.)

Real GDP per capita

$14,200 (2021 est.)
$13,400 (2020 est.)
$14,300 (2019 est.)

Agricultural products

milk, potatoes, grapes, vegetables, tomatoes, watermelons, wheat, apples, cabbages, barley

Industries

brandy, mining, diamond processing, metal-cutting machine tools, forging and pressing machines, electric motors, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry, software, food processing

Exports

$5.012 billion (2021 est.)
$3.818 billion (2020 est.)
$5.794 billion (2019 est.)

Exports - partners

Russia 22%, Switzerland 20%, China 7%, Bulgaria 6%, Iraq 5%, Serbia 5%, Netherlands 5%, Germany 5% (2019)

Exports - commodities

copper ore, gold, liquors, iron alloys, tobacco (2021)

Imports

$6.12 billion (2021 est.)
$5.082 billion (2020 est.)
$7.603 billion (2019 est.)

Imports - partners

Russia 29%, China 10%, Georgia 8%, Iran 6%, Turkey 5% (2019)

Imports - commodities

natural gas, cars, refined petroleum, broadcasting equipment, diamonds (2019)

Exchange rates

drams (AMD) per US dollar -
Exchange rates:
503.77 (2021 est.)
489.009 (2020 est.)
480.445 (2019 est.)
482.988 (2018 est.)
482.716 (2017 est.)


Page last updated: Tuesday, February 27, 2024