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Armenia In-depth PEST Insights

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    Country Profile

  • 40 Pages
  • September 2023
  • Region: Armenia
  • MarketLine
  • ID: 5367464
This PEST country analysis report on Armenia provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.


  • Understand the political system in Armenia through analysis of key figures in the country and governance indicators.
  • Understand the economic situation in Armenia through a balanced assessment of core macroeconomic issues.
  • Understand customer demographics in Armenia through analysis of income distribution and the rural-urban split, as well as healthcare and education.
  • Understand the technological landscape in Armenia through analysis of relevant laws and policies, as well as patents data.


  • The political landscape section discusses the evolution of the political scenario in Armenia , as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
  • The economic landscape section outlines the evolution of Armenia 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment.
  • The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.

Reasons to Buy

  • What is the outlook in Armenia in terms of political stability, policies towards business, and the popularity of the government?
  • How does Armenia perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
  • How does Armenia perform in terms of healthcare, income distribution, and education?
  • How does Armenia perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Table of Contents

1. Overview
1.1. Catalyst
1.2. Summary
1.2.1. Key highlights
1.3. Key developments (August 2022 - July 2023)
1.4. Key economic updates
1.4.1. Real GDP growth rate
1.4.2. Inflation and interest rate
1.4.3. External trade
1.4.4. Unemployment rate
2. Key Facts and Geographic Location
2.1. Key facts
2.2. Geographical location
3. Political landscape
3.1. Summary
3.2. Evolution
3.3. Structure and policies
3.3.1. Key political figures
3.3.2. Structure of government
3.3.3. Legislature
3.3.4. Key political parties
3.3.5. Composition of parliament
3.3.6. Key policies
3.3.7. Economic and social
3.3.8. Foreign and defense policies
3.4. Performance
3.4.1. Governance indicators
4. Economic Landscape
4.1. Summary
4.2. Evolution
4.3. Structure and policies
4.3.1. Financial system
4.4. Performance
4.5. GDP composition by sector
4.5.1. Agriculture
4.5.2. Industry
4.5.3. Services
4.5.4. Fiscal situation
4.5.5. Current account
4.5.6. General government gross debt
4.5.7. Foreign trade
4.5.8. International investment position
4.5.9. Foreign exchange position
4.6. Key monetary indicators
4.6.1. Consumer price index inflation
4.6.2. Unemployment
5. Social Landscape
5.1. Summary
5.2. Evolution
5.3. Structure and policies
5.3.1. Demographic composition
5.3.2. Religious composition
5.3.3. Education
5.3.4. Healthcare
5.4. Performance
5.4.1. Healthcare
5.4.2. Income distribution
5.4.3. Education
6. Technological Landscape
6.1. Summary
6.2. Evolutions
6.3. Structure and policies
6.3.1. Intellectual property
6.3.2. Research and Development
6.4. Performance
About the Publisher
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List of Tables
Table 1: Armenia - Key facts, 2023
Table 2: Armenia - Population by gender (as a percentage of total population), 2022
List of Figures
Figure 1: Map of Armenia, 2023
Figure 2: Armenia - Timeline of key political events
Figure 3: Armenia - Key political figures
Figure 4: Armenia - Distribution of seats in the national assembly (elections last held in June 2021)
Figure 5: Evolution of GDP (%), 2012-22
Figure 6: Real GDP and GDP growth (constant prices), 2018-27f
Figure 7: GDP by sector in Armenia, 2022
Figure 8: Armenia - Agricultural output (AMD billion/%), 2018-23f
Figure 9: Armenia - Industrial output (AMD trillion/%), 2018-23f
Figure 10: Armenia - Services output (AMD trillion/%), 2018-23f
Figure 11: Volume of export and import of goods and services growth (%), 2018-27f
Figure 12: Consumer price index and CPI-based inflation, 2018-27f
Figure 13: Unemployment rate, 2018-27f
Figure 14: Religion in Armenia, 2011
Figure 15: Total healthcare expenditure, 2012-20
Figure 16: Armenia - Public expenditure on education ($ million/% of GDP), 2018-22
Figure 17: Internet users in Armenia, 2018-23f