Aperture

Country profile

Armenia

ARM · Europe & Central Asia · Upper middle income

34.7MERI readiness
84Global rank
26BGDP (2024)
3MPopulation (2024)

Key macro indicators

IndicatorYearValueSource
GDP (current USD)
NY.GDP.MKTP.CD · current USD		202425,955,275,380WDI
GDP growth (annual %)
NY.GDP.MKTP.KD.ZG · percent		20245.9WDI
Inflation, consumer prices (annual %)
FP.CPI.TOTL.ZG · percent		20240.3WDI
Real GDP growth
NGDP_RPCH · percent		20285IMF_WEO
Population, total
SP.POP.TOTL · people		20243,033,500WDI

GDP time series

2013 · 2014 · 2015 · 2016 · 2017 · 2018 · 2019 · 2020 · 2021 · 2022 · 2023 · 2024

MERI breakdown

  • Percentile 22.4
  • Coverage 75%
  • Imputed 1
  • Missing 3
PillarScore
Corruption
Components		47
Digital Infra
Components		27.2
FDIRRI
Components		1.7
Fin Access
Components		22.5
Human Cap
Components		77.8
IP Protect
Components		48.1
Labor
Components		57.2
LPI
Components		77.1
Security Rol
Components		48.1
Data Confidence Score67
Market Infrastructure
Pillars		42.3
Regulatory Institutional
Pillars		17.1
Talent Operating
Pillars		57.5

Governance signals

Control of Corruption

CC.EST · 2024 · WGI

0.1
Corruption Perceptions Index

TI.CPI.SCORE · 2025 · TI_CPI

46
Government Effectiveness

GE.EST · 2024 · WGI

-0.4
Political Stability

PV.EST · 2024 · WGI

-0.7
Regulatory Quality

RQ.EST · 2024 · WGI

0.1
Rule of Law

RL.EST · 2024 · WGI

-0.1
Voice and Accountability

VA.EST · 2024 · WGI

0.1

Source attribution

Sources represented in this country profile.

8 sources

IMF_WEO

International Monetary Fund · 6 indicators

IMF Terms of Use

SourceLicense

IMF_FAS

International Monetary Fund · 2 indicators

IMF Terms of Use

SourceLicense

SOVEREIGN_RATINGS

Manual bridge · 2 indicators

Manual Source Terms

TI_CPI

Transparency International · 2 indicators

Transparency International Terms

SourceLicense

Full indicator table

Latest value per indicator with source and license hints.

80 rows
IndicatorCategoryYearValueSourceLicense
Domestic credit to private sector
FS.AST.PRVT.GD.ZS		finance202464.4WDICC BY 4.0
General government net lending/borrowing
GGXCNL_NGDP		fiscal2028-2.9IMF_WEOIMF Terms of Use
Control of Corruption
CC.EST		governance20240.1WGICC BY 4.0
Corruption Perceptions Index
TI.CPI.SCORE		governance202546TI_CPITransparency International Terms
Government Effectiveness
GE.EST		governance2024-0.4WGICC BY 4.0
Political Stability
PV.EST		governance2024-0.7WGICC BY 4.0
Regulatory Quality
RQ.EST		governance20240.1WGICC BY 4.0
Rule of Law
RL.EST		governance2024-0.1WGICC BY 4.0
Voice and Accountability
VA.EST		governance20240.1WGICC BY 4.0
Access to electricity (%)
EG.ELC.ACCS.ZS		infra2023100WDICC BY 4.0
Fixed broadband subscriptions
IT.NET.BBND.P2		infra202420.3WDICC BY 4.0
Logistics Performance Index
LP.LPI.OVRL.XQ		infra20222.5WDICC BY 4.0
Mobile cellular subscriptions
IT.CEL.SETS.P2		infra2024134.9WDICC BY 4.0
Aviation connectivity - number of partner countries
LPI2.AVIA_CONN		logistics202364LPI2Modified BSD3
Aviation import dwell time, IQR
LPI2.AVIA_IQR_DAYS		logistics20237.7LPI2Modified BSD3
Aviation import dwell time, mean
LPI2.AVIA_MEAN_DAYS		logistics20234.6LPI2Modified BSD3
Aviation import dwell time, median
LPI2.AVIA_MED_DAYS		logistics20232.7LPI2Modified BSD3
B2B postal delivery time, IQR
LPI2.B2B_IQR		logistics20242.6LPI2Modified BSD3
B2B postal delivery time, mean
LPI2.B2B_MEAN		logistics20243.1LPI2Modified BSD3
B2B postal delivery time, median
LPI2.B2B_MEDIAN		logistics20241LPI2Modified BSD3
B2C postal delivery time, IQR
LPI2.B2C_IQR		logistics20244.9LPI2Modified BSD3
B2C postal delivery time, mean
LPI2.B2C_MEAN		logistics20246.1LPI2Modified BSD3
B2C postal delivery time, median
LPI2.B2C_MEDIAN		logistics20243.8LPI2Modified BSD3
Corridor lead time from port exit to destination for LLDC, mean
LPI2.CORRIDOR_LT_DAYS		logistics20242.3LPI2Modified BSD3
Dwell time at destination for LLDC, mean
LPI2.DT_DESTINATION_DAYS		logistics20240.1LPI2Modified BSD3
Dwell time at port of arrival for LLDC container, mean
LPI2.DT_PORT_DAYS		logistics20244.2LPI2Modified BSD3
Postal connectivity B2B - number of partner countries
LPI2.B2B_CONN		logistics202476LPI2Modified BSD3
Postal connectivity B2C - number of partner countries
LPI2.B2C_CONN		logistics202487LPI2Modified BSD3
Reference container import dwell time at port of arrival, mean
LPI2.DT_TRANSIT_DAYS		logistics20245.1LPI2Modified BSD3
Central government debt (% of GDP)
GC.DOD.TOTL.GD.ZS		macro202447.9WDICC BY 4.0
Current account balance
BCA_NGDPD		macro2028-4.7IMF_WEOIMF Terms of Use
Current account balance (% of GDP)
BN.CAB.XOKA.GD.ZS		macro2024-4.6WDICC BY 4.0
GDP (current USD)
NY.GDP.MKTP.CD		macro202425,955,275,380WDICC BY 4.0
GDP growth (annual %)
NY.GDP.MKTP.KD.ZG		macro20245.9WDICC BY 4.0
GDP per capita (current USD)
NY.GDP.PCAP.CD		macro20248,556.2WDICC BY 4.0
Inflation, consumer prices (annual %)
FP.CPI.TOTL.ZG		macro20240.3WDICC BY 4.0
Inflation rate
PCPIPCH		macro20283.3IMF_WEOIMF Terms of Use
Military expenditure (% of GDP)
MS.MIL.XPND.GD.ZS		macro20245.5WDICC BY 4.0
Official exchange rate
PA.NUS.FCRF		macro2024392.7WDICC BY 4.0
Real GDP growth
NGDP_RPCH		macro20285IMF_WEOIMF Terms of Use
Total reserves (months of imports)
FI.RES.TOTL.MO		macro20242.1WDICC BY 4.0
Unemployment (% of labor force)
SL.UEM.TOTL.ZS		macro202512.9WDICC BY 4.0
Demographic and Urbanization Momentum
DEMOGRAPHICS		meri_opportunity202460.2WDICC BY 4.0
GDP Growth Trajectory
GDP_GROWTH		meri_opportunity202815.8IMF_WEOIMF Terms of Use
Import Demand
IMPORT_DEMAND		meri_opportunity202496.5WDICC BY 4.0
ATMs per 100,000 adults
FAS.ATMS_PER_100K		meri_readiness202471.5IMF_FASIMF Terms of Use
Basic Digital Infrastructure
DIGITAL_INFRA		meri_readiness202427.2WDICC BY 4.0
B-READY Business Entry score
B_READY.BUSINESS_ENTRY		meri_readiness202596B_READYWorld Bank Terms
B-READY Dispute Resolution score
B_READY.DISPUTE_RESOLUTION		meri_readiness202558B_READYWorld Bank Terms
B-READY International Trade score
B_READY.TRADE		meri_readiness202555.3B_READYWorld Bank Terms
B-READY Labor score
B_READY.LABOR		meri_readiness202567B_READYWorld Bank Terms
Commercial bank branches per 100,000 adults
FAS.BRANCHES_PER_100K		meri_readiness202422.7IMF_FASIMF Terms of Use
Contract Enforcement Reliability
CONTRACT_ENF		meri_readiness202558B_READYWorld Bank Terms
Corruption Risk
CORRUPTION		meri_readiness202546TI_CPITransparency International Terms
Financial System Accessibility
FIN_ACCESS		meri_readiness202422.5WDICC BY 4.0
Foreign Ownership Restrictions
FDIRRI		meri_readiness202498.4OECDOECD Terms and Conditions
General Business Entry Friction
BIZ_ENTRY		meri_readiness202596B_READYWorld Bank Terms
HDI Education sub-index
HDI.EDUCATION_INDEX		meri_readiness20230.8UNDP_HDIUNDP Terms
Hiring and Workforce Availability
LABOR		meri_readiness202561.8WDICC BY 4.0
Human Capital Quality
HUMAN_CAP		meri_readiness202577.8UNDP_HDIUNDP Terms
Intellectual Property Protection
IP_PROTECT		meri_readiness202448.1WGICC BY 4.0
Logistics Performance
LPI		meri_readiness202577.1LPI2Modified BSD3
Personal Security and Rule of Law
SECURITY_ROL		meri_readiness202448.1WGICC BY 4.0
Trade Openness
TRADE_OPEN		meri_readiness202555.3B_READYWorld Bank Terms
Inflation Stability
INFL_STAB		meri_risk202889.6IMF_WEOIMF Terms of Use
Sovereign credit rating score
RATING.SOV_CREDIT_SCORE		meri_risk202640SOVEREIGN_RATINGSManual Source Terms
Sovereign Credit Risk
SOV_CREDIT		meri_risk202640SOVEREIGN_RATINGSManual Source Terms
Adult literacy rate
SE.ADT.LITR.ZS		social202399.8WDICC BY 4.0
Age dependency ratio
SP.POP.DPND		social202449.1WDICC BY 4.0
Labor force participation rate
SL.TLF.CACT.ZS		social202559.4WDICC BY 4.0
Life expectancy at birth
SP.DYN.LE00.IN		social202478.3WDICC BY 4.0
Population growth (annual %)
SP.POP.GROW		social20242.3WDICC BY 4.0
Population, total
SP.POP.TOTL		social20243,033,500WDICC BY 4.0
Urban population (% of total)
SP.URB.TOTL.IN.ZS		social202465.8WDICC BY 4.0
FDI net inflows (% of GDP)
BX.KLT.DINV.WD.GD.ZS		trade20240.5WDICC BY 4.0
High-technology exports (% of manufactured)
TX.VAL.TECH.MF.ZS		trade202423.6WDICC BY 4.0
Merchandise exports (current USD)
TX.VAL.MRCH.CD.WT		trade202413,092,000,000WDICC BY 4.0
Merchandise imports (current USD)
TM.VAL.MRCH.CD.WT		trade202417,067,000,000WDICC BY 4.0
Tariff rate, applied, simple mean
TM.TAX.MRCH.SM.AR.ZS		trade20215.7WDICC BY 4.0
Trade (% of GDP)
NE.TRD.GNFS.ZS		trade2024150.1WDICC BY 4.0
Armenia Market Profile | Aperture