The World Bank in Armenia

Armenia’s economy has undergone a profound transformation since independence. Sustained growth, ambitious reforms, as well as inflows of capital and remittances have created a market-oriented environment. However, the global financial crisis has impacted the economy significantly.

Featured

November Update

Armenia Monthly Economic Update

Economic activity remains dynamic, with all sectors, except agriculture, expanding.

Blog

The bearable lightness of being

Aren Mirzababyan is a beekeeper who lives in Lernapat, Armenia’s northern Lori province.

New Strategy

Country Partnership Framework 2019-2023

The new partnership aims to support sustainable and inclusive growth, and improve living standards in the country.

Armenia At-A-Glance

Armenia’s transition from a semi-presidential system to a parliamentary republic is close to complete. Parliamentary elections in April 2017 were conducted according to the amended Constitution and new electoral law, and the president will be elected by parliament rather than popular vote in spring 2018. Armenia’s national and regional contexts show that the country is at an inflection point.

Overview

Country Data

Data

Projects in Armenia

Armenia Fourth Development Policy Financing (US$ 50 mln)

The objective of the proposed project is to support a wide range of reforms promoting fiscal, social and environmental sustainability and strengthening competitiveness. This is the last operation in a programmatic series of four DPFs spanning 2013-2016.

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Research

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Publication

South Caucasus in Motion

Country Economic Update March 2019

A Strong Mandate to Change Amid a Global Slowdown

Systematic Country Diagnostic

Future Armenia: Connect, Compete, Prosper

Technical Assistance Reports

South Caucasus Gender Assessment - Armenia

Armenia in Figures

After a sharp increase in poverty in 2008 and 2009 following the global financial crisis, poverty in Armenia has dropped continuously since 2010, reaching the pre-crisis levels. Poverty at US$3.2 (2011 PPP) a day fell to 12.3 percent in 2017 from the peak of 20.5 percent in 2010. The reduction of poverty was due to the growth of the manufacturing and service sector in urban areas and modest growth in agricultural output in rural areas.

Armenia: Brief | In Armenian | Full Data