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2017-11-17

Armenian-Chinese relations

On November 17, 2011, in Qingdao city of Shandong province, People’s Republic of China, Mr. Sergey Manaseryan, the Ambassador Extraordinary and Plenipotentiary of the Republic of Armenia to the People's Republic of China, Mr. Arthur Yegoryan,  Representative of the Chamber of Commerce and Industry of the Republic of Armenia and Mr Ruben Kopyan,  authorized person of the Union of Manufacturers and Businessmen of the Armenia  in China and the "Innovation Center for Belt and Road Collaboration" signed an agreement on  establishment and  support of the Armenian Office of Cooperation

2017-11-11

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NEWSLETTER

Armenian Economy Data


2011 2012 2013 2014 2015
Population (million) 3.3 3.3 3.3 3.3 3.3
GDP per capita (USD) 2,962 3,166 3,270 3,606 3,241
GDP (USD bn) 9.7 10.4 10.7 11.9 10.7
Economic Growth (GDP, annual variation in %) 4.7 7.2 3.3 3.5 3.0
Consumption (annual variation in %) 2.5 9.0 0.9 0.5 7.9
Investment (annual variation in %) -11.7 -1.9 -7.0 -2.4 -0.4
Industrial Production (annual variation in %) 13.7 9.8 7.3 2.6 5.1
Unemployment Rate 16.5 15.7 16.2 17.8 19.6
Fiscal Balance (% of GDP) -0.5 -2.8 -2.9 -2.1 -2.5
Public Debt (% of GDP) 40.7 40.4 39.9 43.5 48.7
Money (annual variation of M2 in %) 26.4 11.9 14.9 -3.5 5.2
Inflation Rate (CPI, annual variation in %) 7.7 2.6 5.8 3.0 3.7
Policy Interest Rate (%) 8.00 8.00 7.75 8.50 8.75
Exchange Rate (vs USD) 383.2 405.5 405.3 465.5 482.9
Exchange Rate (vs USD, aop) 372.5 401.8 409.6 415.9 477.9
Current Account (% of GDP) -10.9 -10.2 -7.9 -7.2 -2.6
Current Account Balance (USD bn) -1.1 -1.1 -0.8 -0.8 -0.3
Trade Balance (USD billion) -2.1 -2.1 -2.1 -2.1 -1.2
Exports (USD billion) 1.4 1.5 1.6 1.7 1.6
Imports (USD billion) 3.5 3.6 3.7 3.8 2.8
Exports (annual variation in %) 19.2 6.3 7.9 3.7 -4.1
Imports (annual variation in %) 8.5 2.5 2.8 0.7 -25.9
International Reserves (EUR) 1.5 1.4 1.6 1.2 1.6
External Debt (% of GDP) 76.5 73.9 81.2 71.9 83.5