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Armenia
This information comes from the assessment conducted in country for the Armenia report, which was published in December 2001.
The commercial, legal, and institutional environment in Armenia can currently be characterized as a system of parallel worlds in which reforms and progress move in different directions at different speeds. Basic laws range from quite good to nonexistent, supported by institutions that vary from excellent to deplorable. Widely divergent experiences of investors in navigating the system belie an unstable rule of law. In short, all evidence points to a dysfunctional system with unpredictable pockets of success and failure.
| Key Development Data & Statistics |
Year |
Latest Data |
| External debt stocks (% of GNI) |
2007 |
2.9 |
| GDP (current US$) (billions) |
2007 |
9.2 |
| GNI per capita, Atlas method (current US$) |
2007 |
2,630 |
| Population, total (millions) |
2007 |
3.0 |
| Population growth (annual %) |
2007 |
0 |
| Exports (current US$) (billions) |
2008 |
1.2 |
| Imports (current US$) (billions) |
2008 |
3.5 |
Top Exports: pig iron, unwrough copper, nonferrous metals
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Top Imports: natural gas, petroleum, tobacco products
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Source: World Bank Group 2009, CIA World Factbook 2009
For additional economic indicators, please visit the World Bank's " Private Sector at a Glance."
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