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Economy Of Armenia
The economy of Armenia grew by 5.9% in 2024, according to estimates by the International Monetary Fund, with total output amounting to $25.5 billion. GDP contracted sharply in 2020 by 7.1%, mainly due to the COVID-19 recession and the Second Nagorno-Karabakh War, Second Nagorno-Karabakh War with Azerbaijan. In contrast it grew by 7.6% in 2019, 5.8% in 2021, 12.6% in 2022 and 8.3% in 2023. Between 2012 and 2018 GDP grew 40.7%, and key banking indicators like assets and credit exposures almost doubled. While part of the Soviet Union, the economy of Armenian Soviet Socialist Republic, Armenia was based largely on manufacturing industry—chemicals, electronic products, machinery, processed food, synthetic rubber and textiles; it was highly dependent on outside resources. Armenian mines produce copper, zinc, gold and lead. The vast majority of energy is produced with imported fuel from Russia, including gas and nuclear fuel for Armenia's Armenian Nuclear Power Plant, Metsamor nuclear ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Armenia
Armenia, officially the Republic of Armenia, is a landlocked country in the Armenian Highlands of West Asia. It is a part of the Caucasus region and is bordered by Turkey to the west, Georgia (country), Georgia to the north and Azerbaijan to the east, and Iran and the Azerbaijani exclave of Nakhchivan Autonomous Republic, Nakhchivan to the south. Yerevan is the Capital city, capital, largest city and Economy of Armenia, financial center. The Armenian Highlands has been home to the Hayasa-Azzi, Shupria and Nairi. By at least 600 BC, an archaic form of Proto-Armenian language, Proto-Armenian, an Indo-European languages, Indo-European language, had diffused into the Armenian Highlands.Robert Drews (2017). ''Militarism and the Indo-Europeanizing of Europe''. Routledge. . p. 228: "The vernacular of the Great Kingdom of Biainili was quite certainly Armenian. The Armenian language was obviously the region's vernacular in the fifth century BC, when Persian commanders and Greek writers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tertiary Sector Of The Economy
The tertiary sector of the economy, generally known as the service sector, is the third of the three economic sectors in the three-sector model (also known as the economic cycle). The others are the primary sector (raw materials) and the secondary sector (manufacturing). The tertiary sector consists of the provision of Service (economics), services instead of Product (business), end products. Services (also known as "Intangible good, intangible goods") include attention, advice, access, experience and affective labour. The tertiary sector involves the provision of services to other businesses as well as to final consumers. Services may involve the transport, distribution (economics), distribution and sale of goods from a producer to a consumer, as may happen in wholesaler, wholesaling and retailer, retailing, pest control or financial services. The goods may be transformed in the process of providing the service, as happens in the restaurant industry. However, the focus is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Nagorno-Karabakh War
The Second Nagorno-Karabakh War was an armed conflict in 2020 that took place in the disputed region of Nagorno-Karabakh and the Armenian-occupied territories surrounding Nagorno-Karabakh, surrounding occupied territories. It was a major escalation of an unresolved Nagorno-Karabakh conflict, conflict over the region, involving Azerbaijan, Armenia and the Political status of Nagorno-Karabakh, self-declared Armenian breakaway state of Republic of Artsakh, Artsakh. The war lasted for 44 days and resulted in Azerbaijani victory, with the defeat igniting 2020–2021 Armenian protests, anti-government protests in Armenia. Post-war skirmishes continued in the region, including substantial clashes in 2022. Fighting began on the morning of 27 September, with an Azerbaijani offensive along the Line of Contact (Nagorno-Karabakh), line of contact established in the aftermath of the First Nagorno-Karabakh War (1988–1994). Clashes were particularly intense in the less mountainous district ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Recession
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis. Within seven months, every advanced economy had fallen to recession. The first major sign of recession was the 2020 stock market crash, which saw major indices drop 20 to 30% in late February and March. Recovery began in early April 2020; by April 2022, the GDP for most major economies had either returned to or exceeded pre-pandemic levels and many market indices recovered or even set new records by late 2020. The recession saw unusually high and rapid increases in unemployment in many countries. By October 2020, more than 10 million unemployment cases had been filed in the United States, swamping state-funded unemployment insuranc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Observatory Of Economic Complexity
The Observatory of Economic Complexity (OEC) is an online data visualization and distribution platform for international trade data designed and owned bDatawheel Through interactive visualizations, the OEC aims to make global trade data accessible and understandable. The site consists of a series of periodically updated profiles dedicated to exploring trade data for countries and their regions, companies, products, and international organizations. It also features bilateral profiles that allow exploring the trade relationships between different countries and between countries and products. The platform has developed an arrangement of tools dedicated to exploring trade datasets and making data cuts with its Data, Company, and Trend Explorers or building custom visualizations with its Viz builder. The OEC also features economic complexity data through indicators, maps, rankings, and publications, making it a resource for researchers, trade experts, businesses, students, and other ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of European Countries By Average Wage
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross income, gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat. → The salary distribution is skewness, right-skewed, therefore more than 50% of people earn less than the average gross salary. Thus, median figures might be more representative than averages. → These figures will shrink after income tax is applied. In some countries, social security, contributions for pensions, public schools, and health are included in these taxes. In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economy, grey economies. Maps Gross average monthly earnings The countries and territories on the map have gross average monthly earnings (taxable income) for full-time employees of: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Diamond Industry In Armenia
The diamond industry in Armenia is a significant part of the country's manufacturing and exports. Armenia is a major supplier of diamond. Overview Armenia, a country without many mineral fuels, is known for its diamond processing industry. The industry was established during the Soviet era and is considered one of the traditional sectors of Armenia's economy. After the collapse of the Soviet Union in 1991, the production declined gradually, but was later recovered with the investments from the Armenian diaspora. In 1999, the diamond industry provided about 30% of total manufacturing exports from Armenia. The industry started to show some slow decline again in mid-2000s, because of increase in cost of the production instruments and increase of the markets in China and India. Today, over 50 diamond-cutting companies operate in Armenia. The estimated number of people involved in the industry is about 3,000 to 4,000. Some of the advantages of Armenia in diamond-cutting industry are th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mineral Industry Of Armenia
The mineral industry is one of the main sectors of the Armenian economy and in 2017 accounted for 30.1% of its exports. Armenia is a major producer of molybdenum, which is used in some high-quality forms of steel, and other alloys. The Zangezur copper-molybdenum complex possesses large molybdenum reserves that are concentrated in the Kajaran deposit. Besides molybdenum, Armenia has significant deposits of copper and gold; smaller deposits of lead, silver, and zinc; and deposits of industrial minerals, including basalt, diatomite, granite, gypsum, limestone, and perlite.Richard M. Levine and Glenn J. Wallace"The Mineral Industries of the Commonwealth of Independent States" ''2005 Minerals Yearbook''. U.S. Geological Survey (December 2007). ''This article incorporates text from this U.S. government source, which is in the public domain.'' Mines According to the Armenian Development Agency, Armenia has more than 670 mines of construction and aggregate minerals, including 30 ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ease Of Doing Business Index
Ease or EASE may refer to: Computing * Ease (programming language) * Enhanced Acoustic Simulator for Engineers, software for optimizing acoustics Health and medicine * Methylone, marketed briefly in New Zealand as Ease *Examination of Anomalous Self-Experience, to detect self-disorder Other uses * Ease (sewing), the amount of room a garment allows the wearer beyond the measurements of their body * ''Ease'', a 1985 novel by Patrick Gale * EASE/ACCESS, a pair of 1985 space shuttle flight experiments * European Association of Science Editors, a non-profit membership organisation See also * *Easy (other) * At Ease * Usability *Ease-in and ease-out, methods of inbetweening in animation {{disambig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corruption Perceptions Index
The Corruption Perceptions Index (CPI) is an index that scores and ranks countries by their perceived levels of public sector corruption, as assessed by experts and business executives. The CPI generally defines corruption as an "abuse of entrusted power for private gain". The index is published annually by the non-governmental organisation Transparency International since 1995. Since 2012, the Corruption Perceptions Index has been ranked on a scale from 100 (very clean) to 0 (highly corrupt). Previously, the index was scored on a scale of 10 to 0; it was originally rounded to two decimal spaces from 1995-1997 and to a single decimal space from 1998. The 2024 CPI, published in February 2025, currently ranks 180 countries "on a scale from 100 (very clean) to 0 (highly corrupt)" based on the situation between 1 May 2023 and 30 April 2024. Denmark, Finland, Singapore, New Zealand, Luxembourg, Norway, Switzerland and Sweden, (almost all scoring above 80 over the last thirteen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Inequality-adjusted Human Development Index
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2025 Human Development Report. According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or the maximum IHDI that could be achieved if there were no inequality)". Methodology The index captures the HDI of the average (calculated using not arithmetic, but geometric mean) person in society, which is less than the aggregate HDI when there is inequality in the distribution of health, education and income. Under perfect equality, the HDI and IHDI are equal; the greater the difference between the two, the greater the inequality. The IHDI, estimated for the world and specific countries, captures the losses in human development due to inequality in health, education and income. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Countries By Human Development Index
The United Nations Development Programme (UNDP) compiles the Human Development Index (HDI) of 193 nations in the annual Human Development Report. The index considers the health, education, income and living conditions in a given country to provide a measure of human development which is comparable between countries and over time. The HDI is the most widely used indicator of human development and has changed how people view the concept. However, several aspects of the index have received criticism. Some scholars have criticized how the factors are weighed, in particular how an additional year of life expectancy is valued differently between countries; and the limited factors it considers, noting the omission of factors such as the levels of distributional and gender inequality. In response to the former, the UNDP introduced the inequality-adjusted Human Development Index (IHDI) in its 2010 report, and in response to the latter the Gender Development Index (GDI) was introduced ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
