EC21, Global B2B Marketplace Find suppliers and buyers in Armenia!
Search Advanced Search


After several years of double-digit economic growth, Armenia is facing a severe economic recession with GDP declining at least 15% in 2009, despite large loans from multilateral institutions. Sharp declines in the construction sector and workers' remittances, particularly from Russia, are the main reasons for the downturn. Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the larg...  More..

Economy of Armenia
SOURCE: CIA - The World Factbook
Currency Dram
GDP (PPP) $16.18 billion (2009 est.)
GDP (per capita) $5,900 (2009 est.)
Exports $715 million (2009 est.)
Imports $2.547 billion (2009 est.)
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
Exports - Commodities Pig Iron, Unwrought Copper, Nonferrous Metals, Diamonds, Mineral Products, Foodstuffs, Energy
Imports - Commodities Natural Gas, Petroleum, Tobacco Products, Foodstuffs, Diamonds
Exports Partners Russia 19.7%, Germany 17.4%, Netherlands 12.4%, Belgium 8.5%, Georgia 7.7%, Bulgaria 5.6%, US 5% (2008)
Imports Partners Russia 19.1%, China 8.6%, Ukraine 7.1%, Turkey 6%, Germany 5.7%, US 4.9%, Iran 4.6% (2008)

Browse: Manufacturer Directory Countries China India Korea Premium Suppliers Community Site Map

About EC21 Contact Us Terms & Conditions Report Item Online Trading Risks Product Listing Policy

中文 繁體 한국어 日本語 Español Русский Français Deutsch

Copyright (c)1997-2020 EC21 Inc. All Rights Reserved. EC21 in KoreanChinese

Business Registry Number: 120-86-03931

Inquiry Basket ()