Armenia

Europe & Central Asia

Score

ModerateNR

Moderate Investment Destination

Growing economy with manageable risks - suitable for diversified portfolios

Score Breakdown

Economic Health (30%)54

Political Safety (25%)48

Business Climate (20%)58

Financial Strength (15%)55

Growth Potential (10%)72

Investment Profile

Score History

How Armenia's investment score has evolved over time

2021: 54/100+2 pts since 20212025: 56/100

Economic

GDP$24.2B

GDP Growth5.8%

GDP per Capita$8,150

Inflation2.8%

Current Account-2.4% GDP

Financial & Fiscal

Government Debt50% GDP

FDI Inflows3.2% GDP

Trade Openness91%

Credit RatingNR

Governance (WGI)

Political Stability-0.6

Rule of Law-0.2

Corruption Control-0.3

Regulatory Quality0.2

Population2.8M

Pop. Growth-0.2%

Sector Investment Analysis

IT & Services

8.5% of GDP

growing72

Tourism

5.2% of GDP

growing62

Mining

4.8% of GDP

stable55

Agriculture

11.2% of GDP

stable48