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Armenia: In-depth PEST Insights

Armenia: In-depth PEST Insights


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?

1.1. Catalyst
1.2. Summary
1.2.1. Key highlights
1.3. Key developments January 2018-June 2019
2.1. Key facts
Country and capital
Full name
Republic of Armenia
Capital city
Government type
President of the country
Armen Sarkissian
Prime Minister of the country
Nikol Pashinyan
Population (July 2018 est.)
2.93 million
Armenian dram
GDP per capita (purchasing power parity) (2018 est.)
Internet domain
Demographic details
Life expectancy (2018 est.)
75.1 years (total population)
71.8 years (men)
78.7 years (women)
Ethnic composition (2011 est.)
Armenian (98.1%), Yezidi (Kurd) (1.2%), and other (0.7%)
Major religions (2011 est.)
Armenian Apostolic (92.6%), Evangelical (1.0%, other (2.4%), none (1.1%) and unspecified (2.9%)
Country area
29,743 sq. km
Language (2011 est.)
Armenian (official) (97.9%), Kurdish (spoken by Yezidi minority) (1.0%), and other (1.0%)
Pig iron, unwrought copper, nonferrous metals, diamonds, mineral products, foodstuffs, energy, brandy and cigarettes
Natural gas, petroleum, tobacco products, foodstuffs, diamonds, pharmaceuticals, cars
2.2. Geographical location
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. Key policies
3.3.4. Economic policy
3.4. Performance
3.4.1. Governance indicators
4.1. Summary
4.2. Evolution
4.3. Structure and policies
4.3.1. Financial system
4.3.2. Key policies
4.4. Performance
4.4.1. GDP and growth rate
4.4.2. Fiscal situation
4.4.3. Foreign trade
4.4.4. International investment position
4.4.5. Monetary situation
4.4.6. Unemployment
5.1. Summary
5.2. Evolution
5.3. Structure and policies
5.3.1. Demographic composition
5.3.2. Education
5.3.3. Healthcare
5.4. Performance
5.4.1. Healthcare
5.4.2. Education
5.4.3. Income distribution
6.1. Summary
6.2. Evolution
6.3. Performance
7.1. Ask the analyst
7.2. About MarketLine
7.3. Disclaimer
List of Tables
Table 1: Armenia - key facts, 2019
Table 2: Mid-year population by age (as percentage of population) in 2018
List of Figures
Figure 1: Map of Armenia
Figure 2: Armenia - key political events timeline
Figure 3: Armenia - key political figures
Figure 4:Distribution of seats in the national assembly (elections last held on December 2018)
Figure 5: Evolution of GDP growth in Armenia, 2007-2018e
Figure 6: GDP and GDP growth rate of Armenia (constant prices), 2013-23f
Figure 7: Sector-specific GDP in Armenia, 2018
Figure 8: Agricultural output in Armenia, 2013-18
Figure 9: Industrial output in Armenia, 2013-18
Figure 10: Services output in Armenia, 2013-18
Figure 11: Armenia’s external trade, 2013-18
Figure 12: Consumer price index and consumer price index-based inflation in Armenia, 2013-23f
Figure 13: Unemployment in Armenia, 2013-23f
Figure 14: Major religions in Armenia
Figure 15: Healthcare expenditure in Armenia, 2011-17
Figure 16: Internet usage in Armenia, 2013-18e

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