Economic Trivia

The agriculture sector accounts for more than 40% of employment.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): Russia, China, and Switzerland
Top 3 Exported Goods (2019): Ores, Precious Stones & Metals, and Beverages

Top Industries Source: CIA World Factbook

Diamond-Processing; Metal-Cutting Machine Tools; Forging-Pressing Machines; Electric Motors

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $42,171,217,645 (2019)
GDP Growth Rate (annual %) 7.6% (2019)
GDP Per Capita, PPP (current international) $14,258 (2019)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 119/196 (2019)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 1.443% (2019)
External debt stocks, total (DOD, current US$) $11,887,400,146 (2019)
Total tax rate (% of commercial profits) 22.6% (2019)
Real Interest Rate (5 year average %) 10.525% (2019)
Manufacturing, value added (% of GDP) 11.739% (2019)
Current Account Balance (BoP, current US$) ($987,522,526) (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 1,302,781 (2020)
Employment in Agriculture (% of total employment) 28.886% (2020)
Employment in Industry (% of total employment) 17.526% (2020)
Employment in Services (% of total employment) 53.588% (2020)
Unemployment Rate 16.625% (2020)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $7,458,269,217 (2019)
Exports of goods and services (current US$) $5,631,686,118 (2019)
Total Merchandise Trade (% of GDP) 0% (2019)
FDI, net inflows (BoP, current US$) $254,077,252 (2019)
Commercial Service Exports (current US$) $2,385,218,533 (2019)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Armenia’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank