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Economy Armenia
Flag of Armenia Armenia
Population: 2,991,360 (July 2004 est.)
Capital: Yerevan
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Tabular Data - The Armenian Economy

GDP : purchasing power parity - $11.79 billion (2003 est.)
GDP - Real Growth Rate : 9.9% (2003 est.)
GDP - Per Capita : purchasing power parity - $3,500 (2003 est.)
GDP - Composition By Sector : agriculture: 23.4%
industry: 35.1%
services: 41.5% (2003 est.)
Population Below Poverty Line : 50% (2002 est.)
Household Income or Consumption by Percentage : lowest 10%: 2.3%
highest 10%: 46.2% (1999)
Inflation Rate (Consumer Prices) : 4.8% (2003 est.)
Labor Force : 1.4 million (2001)
Labor Force - By Occupation : agriculture 45%, industry 25%, services 30% (2002 est.)
Budget : revenues: $425.9 million
expenditures: $460.3 million, including capital expenditures of $NA (2003)
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 : 15% (2002 est.)
Electricity - Production : 6.479 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 42.3%
hydro: 27%
nuclear: 30.7%
other: 0% (2001)
Electricity - Consumption : 5.784 billion kWh (2001)
Electricity - Exports : 704 million kWh; note - exports an unknown quantity to Georgia; includes exports to Nagorno-Karabakh region in Azerbaijan (2001)
Electricity - Imports : 463 million kWh; note - imports an unknown quantity from Iran (2001)
Agriculture - Products : fruit (especially grapes), vegetables; livestock
Exports : $735 million f.o.b. (2003 est.)
Exports - Commodities : diamonds, mineral products, foodstuffs, energy
Exports - Partners : Belgium 18.5%, UK 17%, Israel 13%, Russia 11.6%, Iran 8%, US 6.3%, Germany 5.1% (2003 est.)
Imports : $1.18 billion f.o.b. (2003 est.)
Imports - Commodities : natural gas, petroleum, tobacco products, foodstuffs, diamonds
Imports - Partners : Russia 14.2%, Belgium 12.1%, US 9.9%, Israel 9.3%, Iran 9.2%, Germany 7%, UAE 5.6%, Italy 4.9% (2003 est.)
Debt - External : $905 million (June 2001)
Economic Aid - Recipient : ODA $170 million (2000)
Currency : dram (AMD)
Currency Code : AMD
Exchange Rates : drams per US dollar - 578.763 (2002), 555.078 (2001), 539.526 (2000), 535.062 (1999)
Fiscal Year : Calendar Year

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Data Source: Central Intelligence Agency 2004 World Factbook