Armenia

Market Information

Capital
Yerevan
Languages
Armenian, Russian, English
Population (as of September, 2021)
3 million
Territory
29,732 km²
Currency
 Dram (AMD)
GDP
$39.4 billion (2020)
GDP growth (2020)
-7,6%
GDP structure
agriculture: 31.1%
industry: 21.8% 
trade: 8.7% 
construction: 8.5% 
transport: 5.1% 
other spheres: 24.9% 
Key industries
mechanical engineering and metalworking
chemicals and petrochemicals
non-ferrous metallurgy
building materials (including non-ferrous tuff, perlite, limestone, granite and marble deposits)
food processing
light industry
Leading exports
EU: 28%
EAEU: 25% (of which Russia: 98%)
Bulgaria: 13% 
Leading imports
EAEU: 30% (of which Russia: 96%)
EU: 22%
China: 12% 
Industrial Centre
Yerevan
Gyumri
Vanadzor
Unemployment level
17.50%
Corruption Perceptions Index
49 (2021)
Easy to do business with
47th place out of 190 (2020) 
Economic freedom
32nd place

Free trade zones

Free economic zone (FEZ) "Meridian" was launched in 2015. It is located in the administrative district of Kentron (in the center of Yerevan). FEZ "Meridian" belongs to unique platforms focused on watch and diamond production, jewelry making.
"Meridian" is 25 450 m² office space, 10,908 m² of production area for diamond processing, 10,180 m² of exhibition space. Communications: heating, electricity, water supply, sewerage, internet, video surveillance and security, checkpoints.

OUR OFFICES

Grigor Lusavorich str. 9, Yerevan, 0015, Armenia

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