The 2008 CIA World Factbook. United States. Central Intelligence Agency
recent improvements in poverty and unemployment, especially given its economic isolation from two of its nearest neighbors, Turkey and Azerbaijan.
GDP (purchasing power parity):
$17.17 billion (2007 est.)
GDP (official exchange rate):
$7.974 billion (2007 est.)
GDP - real growth rate:
13.7% (2007 est.)
GDP - per capita (PPP):
$5,800 (2007 est.)
GDP - composition by sector:
agriculture: 17.2% industry: 36.4% services: 46.4% (2007 est.)
Labor force:
1.2 million (2007 est.)
Labor force - by occupation:
agriculture: 46.2% industry: 15.6% services: 38.2% (2006 est.)
Unemployment rate:
7.1% (2007 est.)
Population below poverty line:
26.5% (2006 est.)
Household income or consumption by percentage share:
lowest 10%: 1.6% highest 10%: 41.3% (2004)
Distribution of family income - Gini index:
37 (2006)
Investment (gross fixed):
33.6% of GDP (2007 est.)
Budget:
revenues: $1.666 billion expenditures: $1.735 billion; including capital expenditures of $NA (2007 est.)
Fiscal year:
calendar year
Inflation rate (consumer prices):
4.4% (2007 est.)
Commercial bank prime lending rate:
17.52% (31 December 2007)
Stock of money:
$1.507 billion (31 December 2007)
Stock of quasi money:
$765.2 million (31 December 2007)
Stock of domestic credit:
$1.256 billion (31 December 2007)
Agriculture - products:
fruit (especially grapes), vegetables; livestock
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
Industrial production growth rate:
3.2% (2007 est.)
Electricity - production:
5.544 billion kWh (2007 est.)
Electricity - consumption:
4.539 billion kWh (2006 est.)
Electricity - exports:
322.6 million kWh; note - exports an unknown quantity to Georgia; includes exports to Nagorno-Karabakh region in Azerbaijan (2007 est.)
Electricity - imports:
400.6 million kWh; note - imports an unknown quantity from Iran (2007 est.)
Electricity - production by source:
fossil fuel: 42.3% hydro: 27% nuclear: 30.7% other: 0% (2001)
Oil - production:
0 bbl/day (2007 est.)
Oil - consumption:
41,090 bbl/day (2006 est.)
Oil - exports:
0 bbl/day (2005)
Oil - imports:
44,670 bbl/day (2005)
Oil - proved reserves:
0 bbl (1 January 2006 est.)
Natural gas - production:
0 cu m (2007 est.)
Natural gas - consumption:
2.05 billion cu m (2007 est.)
Natural gas - exports:
0 cu m (2007 est.)
Natural gas - imports:
2.05 billion cu m (2007 est.)
Natural gas - proved reserves:
0 cu m (1 January 2006)
Current account balance:
-$571.4 million (2007 est.)
Exports:
$1.2 billion f.o.b. (2007 est.)
Exports - commodities:
pig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy
Exports - partners:
Russia 17.5%, Germany 14.7%, Netherlands 13.5%, Belgium 8.7%, Georgia 7.6%, US 6.6%, Switzerland 4.3%, Bulgaria 4.1%, Ukraine 4% (2007)
Imports:
$2.807 billion f.o.b. (2007 est.)
Imports - commodities:
natural gas, petroleum, tobacco products, foodstuffs, diamonds
Imports - partners:
Russia 15.1%, Ukraine 7.7%, Kazakhstan 7.4%, Germany 6.8%, China 6%,
France 4.6%, US 4.5%, Iraq 4.3% (2007)
Economic aid - recipient:
ODA, $180 million (2007)
Reserves of foreign exchange and gold:
$1.657 billion (December 2007 est.)
Debt - external:
$1.372 billion (31 December 2007 est.)
Market value of publicly traded shares:
$42.8 million (2005)
Currency (code):
dram (AMD)
Currency code:
AMD
Exchange rates:
drams (AMD) per US dollar - 344.06 (2007), 414.69 (2006), 457.69 (2005), 533.45 (2004), 578.76 (2003)
Communications
Armenia
Telephones - main lines in use:
603,900 (2006)
Telephones - mobile cellular:
1,185,400 (2006)
Telephone system:
general assessment: telecommunications investments have made major inroads in modernizing and upgrading the outdated telecommunications network inherited from the Soviet era; now 100% privately owned and undergoing modernization and expansion; mobile-cellular services monopoly terminated in late 2004 and a second provider began operations in mid-2005 domestic: reliable modern landline and mobile-cellular services are available across Yerevan in major cities and towns; significant but ever-shrinking gaps remain in mobile-cellular coverage in rural areas international: country code - 374; Yerevan is connected to the Trans-Asia-Europe fiber-optic cable through Iran; additional international service is available by microwave radio relay and landline