Armenia [+]Compare [E]dit [H]istory

Aliases: Armenian Republic, Armenian Soviet Socialist Republic, Hayastan, Hayastani Hanrapetut'yun, Republic of Armenia

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Object «Armenia» has attributes

Attribute Value
Geography
Area 29,743 km²
Continent Asia
Land area 28,203 km²
Water area 1,540 km²
Land boundaries 1,570 km
Border countries
  • Azerbaijan
  • Georgia
  • Iran
  • Turkey
Coastline 0 km
Mean elevation 1,792 m
Lowest point 400 m
Highest point 4,090 m
People
Population 3,021,324
Official languages
  • Armenian
Religion Armenian Apostolic
Government
Long country name Republic of Armenia
Short country name Armenia
Long local name Hayastani Hanrapetut'yun
Short local name Hayastan
Former name
  • Armenian Republic
  • Armenian Soviet Socialist Republic
Government type Parliamentary democracy
Capital Yerevan
Economy
GDP (PPP) 28,340,000,000 USD
GDP (OER) 11,540,000,000 USD
GDP (real growth rate) 7.5 %
GDP - per capita (PPP) 9,500 USD
Gross national saving 17.8 % of GDP
Labor force 1,507,000
Unemployment rate 18.9 %
Population below poverty line 32 %
Budget revenues 2,644,000,000 USD
Budget expenditures 3,192,000,000 USD
Military expenditures 4.25 % of GDP
Taxes and other revenues 22.9 % of GDP
Budget surplus or deficit -4.8 % of GDP
Public debt 53.5 % of GDP
Inflation rate 0.9 %
Central bank discount rate 6.5 %
Commercial bank prime lending rate 14.41 %
Stock of narrow money 1,629,000,000 USD
Stock of broad money 1,629,000,000 USD
Stock of domestic credit 6,712,000,000 USD
Market value of publicly traded shares 132,100,000 USD
Current account balance -328,000,000 USD
Exports 2,361,000,000 USD
Imports 3,771,000,000 USD
Reserves of foreign exchange and gold 2,314,000,000 USD
External debt 10,410,000,000 USD
National currency drams
National currency (code) AMD
National currency (symbol) Add
National currency rate to USD 487.9

Armenia prides itself on being the first nation to formally adopt Christianity (early 4th century). Despite periods of autonomy, over the centuries Armenia came under the sway of various empires including the Roman, Byzantine, Arab, Persian, and Ottoman. During World War I in the western portion of Armenia, the Ottoman Empire instituted a policy of forced resettlement coupled with other harsh practices that resulted in at least 1 million Armenian deaths. The eastern area of Armenia was ceded by the Ottomans to Russia in 1828; this portion declared its independence in 1918, but was conquered by the Soviet Red Army in 1920. Armenia remains involved in the protracted Nagorno-Karabakh conflict with Azerbaijan. Nagorno-Karabakh was a primarily ethnic Armenian region that Moscow recognized in 1923 as an autonomous oblast within Soviet Azerbaijan. In the late Soviet period, a separatist movement developed which sought to end Azerbaijani control over the region. Fighting over Nagorno-Karabakh began in 1988 and escalated after Armenia and Azerbaijan attained independence from the Soviet Union in 1991. By the time a ceasefire took effect in May 1994, separatists, with Armenian support, controlled Nagorno‑Karabakh and seven surrounding Azerbaijani territories. The 1994 ceasefire continues to hold, although violence continues along the line of contact separating the opposing forces, as well as the Armenia-Azerbaijan international border. The final status of Nagorno-Karabakh remains the subject of international mediation by the Organization for Security and Cooperation in Europe (OSCE) Minsk Group, which works to help the sides settle the conflict peacefully. The OSCE Minsk Group is co‑chaired by the US, France, and Russia. Turkey closed the common border with Armenia in 1993 in support of Azerbaijan in its conflict with Armenia over control of Nagorno-Karabakh and surrounding areas, further hampering Armenian economic growth. In 2009, Armenia and Turkey signed Protocols normalizing relations between the two countries, but neither country ratified the Protocols, and Armenia officially withdrew from the Protocols in March 2018. In 2015, Armenia joined the Eurasian Economic Union alongside Russia, Belarus, Kazakhstan, and Kyrgyzstan. In November 2017, Armenia signed a Comprehensive and Enhanced Partnership Agreement (CEPA) with the EU. In spring 2018, Serzh SARGSIAN of the Republican Party of Armenia (RPA) stepped down and Civil Contract party leader Nikol PASHINYAN became prime minister.

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