Armenia
On this page you will find beneficial information regarding foreign direct investment in / trading with Armenia. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Unitary Multiparty Republic
Population: 2.780 million (2022)
GDP: 19.51 billion USD (2022)
Corporate Tax Rate: 18%
Personal Income Tax Rate: 20%
Major Exports: The top exports of Armenia are Copper Ore ($722M), Gold ($512M), Diamonds ($425M), Rolled Tobacco ($318M), and Ferroalloys ($311M), exporting mostly to Russia ($2.36B), United Arab Emirates ($535M), China ($420M), Georgia ($260M), and Switzerland ($257M).
Major Imports: The top imports of Armenia are Documents of title (bonds etc) and unused stamps ($1.45B), Cars ($721M), Broadcasting Equipment ($626M), Refined Petroleum ($494M), and Petroleum Gas ($474M), importing mostly from Russia ($2.45B), United Arab Emirates ($2.08B), China ($1.1B), Georgia ($571M), and Iran ($557M). In 2022, Armenia was the world's biggest importer of Documents of title (bonds etc) and unused stamps ($1.45B).
Investment Agency: Enterprise Armenia
Website: https://enterprisearmenia.am/
National Chamber of Commerce: Chamber of Commerce and Industry of Armenia
Website: https://www.armcci.am/
Customs Agency: State Revenue Committee of Armenia
Website: https://www.petekamutner.am/
