CFI Data on Armenia
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We offer a data-driven country report for Armenia that explores inter alia population, international trading relationships, energy consumption, GDP growth, current account balances, and R&D investment. Additionally, CFI quotes from the Big Mac Index (courtesy of The Economist) which gives a rough idea of purchasing power parity. Other authoritative sources include The United Nations Conference on Trade and Development, The World Bank, and The International Money Fund. Visit us regularly for updates and new sources of key economic information on Armenia.
Trade agreement information for Armenia
Does Armenia belong to any economic unions or free trade areas?
Member of the Organization of the Black Sea Economic Cooperation (BSEC) since 05/06/1998
Other members:
Albania, Azerbaijan, Bulgaria, Georgia, Greece, Republic of Moldova, Romania, Russian Federation, Serbia, Turkey, Ukraine
Member of the Eurasian Economic Union (EAEU) since 01/01/2015
Other members:
Belarus, Kazakhstan, Kyrgyz Republic, Russian Federation
Which trade deals does Armenia have through its membership of the EAEU?
EAEU - Egypt Free Trade Agreement (from 05/10/2015)
CIS Free Trade Zone Agreement (CISFTA) (from 19/03/2016)
EAEU - VietNam Free Trade Agreement (from 05/10/2016)
EAEU - Serbia Free Trade Agreement (from 01/10/2019)
EAEU - Iran free trade agreement (from 27/10/2019)
What bilateral trade deals are there between Armenia and other countries and economic unions?
Armenia - Turkmenistan free trade agreement (from 07/07/1996)
Georgia - Armenia free trade agreement (from 11/11/1998)
EU - Armenia Partnership and Cooperation Agreement (from 09/09/1999)
Implementation dates might vary according to the date of the United Kindom's exit from the European UnionTrade between Armenia and the United Kingdom
Source: UK Office for National Statistics, October 2019.
Contains public sector information licensed under the Open Government Licence v3.0.
Its population in 2018 was 2,934,152 [1]
In 2015, 15.79% of its total energy
consumption was renewable [2]
In 2018, its GDP grew by 5.20% [2]
In 2018 it had a negative Current
Account Balance of US$bn0.48 [3]
Its unemployment rate in 2018 was 18.86% [3]
Its Expenditure on R&D (as a percentage of
GDP) in 2017 was 0.23% [2]
Data sources