Armenia, is a country located at Western Asia, it has an area of 29,740 Km2 and it may be considered quite a small country.

Armenia, with a population of 3,076,252 people, it is one of the least populous country in the world and has a population density of 103 people per km2.

It's capital is Yerevan and its currency is Dram

Armenia is holding the 116 position by nominal GDP. Its national debt in 2024 was 11,984 millions of euros (12,967 millions of dollars), ( 49.96% debt-to-GDP ratio) and its public debt per capita is €3,896 euros per inhabitant$4,215 dollars per inhabitant.

The last annual rate of CPI published in Armenia was on April of 2025 and it was 2.7%.

In terms of the human development index (HDI) of Armenia, which is the index used by the United Nations to measure the progress of a country, was 0.786 points in 2022, leaving it in 76th place in the table of 193 countries published.

If the reason to visit Armenia are business, you must know it's in the 47th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Armenia, if you want to see information about other countries click here

Yerevan: Monthly Temp.
Yerevan: Monthly Rainfall
Armenia Economy
Gouvernement
GDP Growth (%) [+]20245.9%
Annual GDP [+]2024€23,987M
Annual GDP [+]2024$25,955M
GDP per capita [+]2024€7,699
GDP per capita [+]2024$8,330
Debt (M.€.) [+]202411,984
Debt ($M) [+]202412,967
Debt (%GDP) [+]202449.96%
Debt Per Capita [+]2024€3,896
Debt Per Capita [+]2024$4,215
Deficit (M.€) [+]2024-885
Deficit ($M) [+]2024-958
Deficit (%GDP) [+]2024-3.69%
Expenditure (M.€) [+]20246,954.4
Expenditure ($M) [+]20247,525.0
Education Expenditure (M.€) [+]2023545.3
Education Expenditure ($M) [+]2023587.4
Education Expenditure (%Bud.) [+]20258.71%
Gov. Health Exp. (M.€) [+]2023327.8
Gov. Health Exp.($M) [+]2023354.7
Gov. Health Exp. (%Bud.) [+]20235.46%
Defence Expenditure (M.€) [+]20241,314.9
Defence Expenditure ($M) [+]20241,422.8
Defence Expenditure (%Bud.) [+]202418.33%
Expenditure (%GDP) [+]202428.99%
Expenditure Per Capita [+]2024€2,261
Expenditure Per Capita [+]2024$2,446
Education Expenditure P.C [+]2023€180
Education Expenditure P.C [+]2023$194
Gov. Health Exp. P.C. [+]2023€111
Gov. Health Exp. P.C. [+]2023$120
Defence Expenditure P.C. [+]2024€422
Defence Expenditure P.C. [+]2024$457
Moody's Rating [+]06/26/2025Ba3
S&P Rating [+]08/25/2023BB-
Fitch Rating [+]10/15/2020B+
Corruption Index [+]202347
Competitiveness Ranking [+]201969º
Fragile States Index [+]202468.1
RTI Raking [+]202438º
Innovation Ranking [+]202463º
Labour
Unemployment rate [+]2022Q46.7%
Unemployed [+]2022Q4115K
NMW [+]2024$185.3
NMW [+]2024€167.5
Human Capital Ranking [+]201749º
Markets
Euro / Dram [+]02/20/2026443.2500
US Dollar exchange rate [+]02/20/2026376.8200
Prices
CPI (overall index) [+]April 20252.7%
Money Market
Key rates [+]12/16/20256.50%
Business
Doing Business [+]202047º
Passengers vehicles Year [+]December 2019970
Annual Vehicles/ 1,000 p. [+]December 20190.41
Taxes
Tax Revenue (%GDP) [+]202323.5%
Standard VAT [+]01/01/200620.00%
Top tax rate + SSC [+]202023.0%
Trade
Annual arrivals [+]20221,666,000
Exports [+]2023€7,782.5M
Exports [+]2023$8,415.2M
Exports % GDP [+]202334.80%
Imports [+]2023€11,382.6M
Imports [+]2023$12,308.0M
Imports % GDP [+]202350.90%
Trade balance [+]2023€-3,600.1M
Trade balance [+]2023$-3,892.8M
Trade balance % GDP [+]2023-16.10%
Socio-Demography
Global AgeWatch Ranking [+]201543º
Density [+]2024103
Global Peace Ranking [+]202477º
Crude divorce rate [+]20231.50‰
Remittance received ($M) [+]20171,539.0
% Immigrant [+]20206.42%
% Emigrant [+]202032.34%
Birth Rate [+]202411.10‰
Remittance sent ($M) [+]2017292.2
Crude death rate [+]20248.40‰
Fertility Rate [+]20231.90
Crude marriage rate [+]20235.50‰
% risk of poverty [+]202323.7%
Population [+]20243,076,252
Immigrant stock [+]2020190,349
Emigrant stock [+]2020958,190
HDI [+]20220.786
Gender Gap Ranking [+]202464º
Life expectancy [+]202377.47
Suicides [+]2015162
Suicide rate [+]20155.39
Number of homicides [+]202365
Rate Homicides per 100.000 [+]20232.21
Energy and Environment
CO2 Tons per capita [+]20232.63
Consumption GWh [+]20237,012
Generation GWh [+]20238,648
Others
COVID-19 - Deaths [+]01/18/20268,785
COVID-19 - Confirmed [+]01/18/2026454,891
Fully vaccinated [+]10/01/20231,030,758
COVID-19 - Deaths per million population [+]01/18/20262,855.75
Doses administered [+]10/01/20232,256,919