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: 2.790 million (2021)
GDP: 13.86 billion USD (2021)
Corporate Tax Rate: 18%
Personal Income Tax Rate: 20%
Major Exports: Copper Ore ($844M), Gold ($256M), Hard Liquor ($246M), Ferroalloys ($242M), and Rolled Tobacco ($238M), exporting mostly to Russia ($789M), China ($443M), Switzerland ($364M), India ($249M), and Bulgaria ($199M).
Major Imports: Petroleum Gas ($430M), Refined Petroleum ($313M), Cars ($124M), Packaged Medicaments ($110M), and Broadcasting Equipment ($90.3M), importing mostly from Russia ($1.82B), China ($696M), Iran ($406M), Georgia ($255M), and Germany ($225M).