| Economy of Armenia |
| Currency |
1 Dram = 100 louma |
| Fiscal year |
Calendar year |
| Trade organisations |
CIS, WTO |
| Statistics [1] |
| GDP ranking |
126th (2006) [2] |
| GDPReal All GDP figures are "real" (after inflation) not nominal (before inflation) |
$16.94 billion Purchasing Power Parity basis- GDPReal = $6.6 when caluculated through a direct exchange rate (2006) |
| GDP growth |
13.4% (2006) |
| GDP per capita |
$5,700 (2006) |
| GDP by sector |
agriculture (17.7%), industry (42%), services (40.3%) (2006) |
| Inflation |
2.9% (2006) |
| Pop below poverty line |
34.6% (2004) |
| Labour force |
1.2 million (2006) |
| Labour force by occupation |
services (30%), industry (25%), agriculture (45%) (2002) |
| Unemployment |
7.4% (2006) |
| Main industries |
diamond-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 |
| Trading Partners [3] |
| Exports |
$1.056 billion (2006) |
| Main partners |
Germany 15.6%, Netherlands 13.7%, Belgium 12.8%, Russia 12.2%, Israel 11.5%, US 11.2%, Georgia 4.8% (2005) |
| Imports |
$1.684 billion (2005) |
| Main Partners |
Russia 13.5%, Belgium 8%, Germany 7.8%, Ukraine 7%, Turkmenistan 6.3%, US 6.2%, Israel 5.8%, Iran 4.8%, Romania 4.2% (2005) |
| Public finances [4] |
| External debt |
$1.16 billion (2006) |
| Revenues |
$1.3 billion (2007) |
| Expenditures |
$1.6 billion (2007) |
| Economic aid |
$254 million (recipient) (2004) |
