Labor force | 1.356 million (2023 est.) |
---|---|
Industrial production growth rate | 5.51% (2023 est.) |
Industries | brandy, mining, diamond processing, metal-cutting machine tools, forging and pressing machines, electric motors, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry, software, food processing |
Population below poverty line | 24.8% (2022 est.) |
Taxes and other revenues | 21.83% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | drams (AMD) per US dollar - |
Exchange rates 2023 | 392.476 (2023 est.) |
Exchange rates 2022 | 435.666 (2022 est.) |
Exchange rates 2021 | 503.77 (2021 est.) |
Exchange rates 2020 | 489.009 (2020 est.) |
Exchange rates 2019 | 480.445 (2019 est.) |
Debt - external | |
Debt - external 2022 | $6.028 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $3.607 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $4.112 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $3.23 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | -$510.104 million (2023 est.) |
Current account balance 2022 | $150.994 million (2022 est.) |
Current account balance 2021 | -$482.982 million (2021 est.) |
Public debt | |
Public debt 2022 | 46.55% of GDP (2022 est.) |
Budget | |
Revenues | $4.617 billion (2022 est.) |
Expenditures | $4.13 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 7.64% of GDP (2023 est.) |
Remittances 2022 | 10.43% of GDP (2022 est.) |
Remittances 2021 | 11.22% of GDP (2021 est.) |
Household income | |
Lowest 10% | 3.9% (2022 est.) |
Highest 10% | 23% (2022 est.) |
Imports | |
Imports 2023 | $14.279 billion (2023 est.) |
Imports 2022 | $10.186 billion (2022 est.) |
Imports 2021 | $6.12 billion (2021 est.) |
Imports (partners) | Russia 23%, UAE 19%, China 10%, Georgia 5%, Iran 5% (2022) |
Comodities Imports force | postage stamps/documents, cars, broadcasting equipment, refined petroleum, natural gas (2022) |
Exports | |
Imports 2023 | $14.279 billion (2023 est.) |
Imports 2022 | $10.186 billion (2022 est.) |
Imports 2021 | $6.12 billion (2021 est.) |
Exports (partners) | Russia 41%, UAE 9%, China 7%, Georgia 4%, Switzerland 4% (2022) |
Comodities Exports force | copper ore, gold, diamonds, tobacco, iron alloys (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $57.728 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $53.108 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $47.165 billion (2021 est.) |
GDP (official exchange rate) | $24.212 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $20,800 (2023 est.) |
Real GDP per capita 2022 | $19,100 (2022 est.) |
Real GDP per capita 2021 | $16,900 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 8.4% (2023 est.) |
Industry | 23.9% (2023 est.) |
Services | 59% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 65.3% (2023 est.) |
Government consumption | 14.1% (2023 est.) |
Investment in fixed capital | 20.8% (2023 est.) |
Investment in inventories | 0.6% (2023 est.) |
Exports of goods and services | 58.2% (2023 est.) |
Imports of goods and services | -58.9% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 8.59% (2023 est.) |
Unemployment rate 2022 | 8.61% (2022 est.) |
Unemployment rate 2021 | 10.01% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 19% (2023 est.) |
Male | 21.5% (2023 est.) |
Female | 16% (2023 est.) |
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