Armenia Business Directory & List of Companies

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Armenia is a state in Asia, bordered by Azerbaijan, Georgia, Iran, and Turkey.

Total area: 29,743 km².

Population: 2.957 million (2020).

National composition of Armenia: Armenians (96%) and other nationalities (Azerbaijanis, Yezidi Kurds, Greeks, Russians, Assyrians).

The state language in Armenia is Armenian, which is spoken by 97.7% of the country's inhabitants. In addition, Yazidi, which is spoken by Yazidis (1%), and Russian (0.9%) are widespread.

On January 22nd, 2002 Armenia ratified the European Charter for Regional Languages. According to it, the languages of minorities in Armenia are Yezidi, Russian, Greek and Assyrian.

In Armenia, the Russian language does not have an official status, but it is widespread, and is spoken by about 70% of the country's population. The Russian language is a compulsory subject for study in Armenian schools.

Features: a landlocked country.

Capital: Yerevan (1,093,485 people). Five largest cities - Gyumri: 116,000, Vanadzor - 90,000, Vagharshapat: 50,000, Abovyan: 46,000, Kapan: 43,000.

Economy. The GDP size: 13.67 billion USD (2019), GDP annual growth rate: 13.7%, GDP per capita: 4732 USD. The annual inflation rate is 1.5%.

GNI per capita based on PPP in Armenia is 13,180 USD.

According to the World Bank's "Doing Business" rating, Armenia is ranked 47th among 190 countries of the world. National currency: Armenian dram. The average monthly salary was 190,468 drams in 2020.

The structure of the country's GDP is briefly as follows:

Agriculture - 31.1%
Industry - 21.8%
Trade - 8.7%
Construction - 8.5%
Transport - 5.1%
Others - 24.9%

Exports comprised 225 million USD (2020). The Armenian exports are represented by 10 main product groups - food, animal husbandry and agriculture.

Imports - Armenia is importing gas, oil, food in the amount of USD 378 million per year (2020)