Armenia Basic Information

By | November 7, 2022
Basic data
Capital Yerevan
Population 2.97 million (2021)
Language Armenian
Religion Christianity
State system parliamentary republic
Head of State President Vahagn Khachaturian
Head of government Prime Minister Nikol Pashinyan
Currency name Armenian Dram (AMD)
Time shift +2 hours in summer, +3 hours in winter
Economy 2021
Nominal GDP (billion USD) 43
Economic growth (%) 5.5
Inflation (%) 7.2
Unemployment (%) 16

According to a2zdirectory, Armenia is a secular Christian state in the South Caucasus region. In terms of area and population, Armenia is the smallest of the three countries of the South Caucasus. In its modern form, it was created after the collapse of the Soviet Union in 1991. It is a landlocked country, bordering Georgia to the north, Turkey to the west, Iran to the south, Azerbaijan to the east, and the Azerbaijani enclave of Nakhichevan to the southwest. The borders with Turkey and Azerbaijan have been closed for a long time.

After the so-called Velvet Revolution of 2018, Armenia transformed from an oligarchic semi-democracy to an autocracy into a democratic parliamentary republic. Executive power rests with the government headed by the prime minister, the parliament is unicameral (extraordinary parliamentary elections took place in June 2021). The conflict with Azerbaijan over the Nagorno-Karabakh region remains the main security and foreign policy issue. This unresolved conflict represents a significant brake on the development of the economy of Armenia and essentially the entire wider region.

Armenia is dependent on trade ties with Iran and especially with Georgia, through which the vast majority of foreign trade is carried out. The next approach is via Georgia either by land (further via Russia or indirectly via Turkey) or by sea (from the Georgian port of Poti to EU ports, especially in Bulgaria). The passage to the southeast to Nagorno-Karabakh (the de facto republic of “Arcach” in the remaining part of the territory of the former Soviet Nagorno-Karabakh Autonomous Region) is currently controlled by Russian forces as of autumn 2020.

Armenia’s economy is based on agriculture (11%), raw material extraction, industry (27%) and services (53%). The total GDP of the country is about 1billion USD. The economy is dominated by the extraction of raw materials, energy and agriculture. The services and IT sector are developing in the capital city of Yerevan. The growing potential is in tourism (in the pre-covid era and now, practically no restrictions apply). Armenia’s foreign trade is limited due to its landlocked location and disputes with Turkey and Azerbaijan. As a result, Armenia typically runs a high trade deficit. The main exports are metals and precious stones, followed by energy, beverages, vegetables and fruits. Armenia mainly imports oil, natural gas, cereals, rubber products, cork and wood, and electrical machinery. Armenia’s main trading partners are Russia, the EU, Iran, the United States, China, Ukraine and Turkey.

Czech exports mainly consist of industrial products (generators, cars and airplanes, electronic and telephone components and devices, modernization of nuclear power plants) and are gradually growing. On the contrary, Armenian imports remain at a low level and mainly consist of ferroalloys, beverages (cognacs, wines) and foodstuffs.

The performance of Armenia’s economy has been volatile in recent years – while it grew by 7.6% in 2019, it contracted by 7.6% in 2020 due to the pandemic and armed conflict. The economy partially recovered in 2021 with economic growth of 5.8%. Original predictions for 2022 estimated roughly 4.5% growth; revised estimates were significantly reduced to around 1.5% growth due to Russian aggression against Ukraine. However, despite the circumstances, the Armenian government still expects the economy to grow by 7% in 2022. Long-term problems are geopolitical risks, partial isolation (closed borders), low labor productivity and low competitiveness. Since 2015, Armenia has been part of the so-called EAEU (Eurasian Economic Union), which can represent one of the problems for Czech companies when entering the market.

Practical telephone numbers (emergency services, police, firemen, information lines, etc.)

Common number for all types of crisis situations (firefighters, police and emergency services): 112 and 911

Firefighters: 101

Police: 102

Medical emergency service: 103

Gas emergency number: 104

Important web links and contacts

Websites and contacts for all ministries, the government, the president, local chambers of commerce and further for consideration by country (e.g. major media, central bank, economic analysis, tax administration…)

Czech contacts

ZÚ Yerevan –

Social networks of ZÚ Yerevan –

Magazine of the Armenian diaspora in the Czech Republic –

Armenian Embassy in Prague –

Terms of travel to Armenia –

Voluntary registration of citizens when traveling abroad –

Armenian state institutions




Ministry of Defense

Ministry of Economy

Ministry of Education, Youth, Culture and Sports

Ministry of Emergency Situations

Ministry of the Environment

Ministry of Finance

Ministry of Foreign Affairs

Ministry of Health

Ministry of High-Tech Industry

Ministry of Justice

Ministry of Labor and Social Affairs (site in Armenian only)

Ministry of Territorial Administration and Infrastructure

Central Bank

Tax Administration

National Statistical Office

Armenian Chamber of Commerce and Industry

Armenian Development Agency

American Chamber of Commerce in Armenia

Enterprise Armenia

Small&Medium Entrepreneurship Development National Center

Yellow Pages


RFE/RL Armenian Service (Radio Azatutyun)

Public Radio of Armenia

Armenia Basic Information