Investor Presentation
Armenia Country Overview
General
GDP: 24.2 bn (2023, current $)
High Average GDP Growth and Low Inflation
2013-2022
5.8%
GDP per capita: 8.17K (2023, current $)
3.6%
3.7%
Moody's: Ba3 (stable)
3.3%
3.0% 5.2%ā
Fitch: BB- (stable)
S&P: BB- (stable)
Well Diversified Economy
GDP Structure by production*
23.6%
12.7%
12.6%
7.5%
7.6%
7.20%
8.70%
5.2%
8.60%
2.5%
1.4%
1.2%
2.00%
0.2%
5.2%
1.0%
-1.4%
2013
2014
2015
2016
2017
2018
2019
2020
GDP real growth, %
Inflation, 12m YoY
Most Stable Currency in the Region
(regional currencies vs USD FX rate dynamics)**
950%
11.1%
850%
750%
650%
5.4%
5.5%
10.7%
550%
450%
8.4%
350%
6.9%
250%
7.4%
8.3%
150%
Wholesale and retail trade
Manufacturing
Financial and insurance activities
Construction
50%
Net Taxes on products
Information and communication.
Agriculture, forestry and fishing.
Real estate activities
Human health and social work activities
Other
23 Investor Presentation | Ameriabank.am
* most recent 4 quarters
Jan-14
May-14
Sep-14
Jan-15
May-15
Sep-15
Jan-16
May-16
Sep-16
Jan-17
May-17
Sep-17
Jan-18
May-18
Sep-18
Jan-19
May-19
Sep-19
Jan-20
AMD, %
RUB, %
-KZT, %
AZN, %
GEL, %
** daily rate changes with 2014 January as basis. Source: Bloomberg
TRY, %
-7.6%
2021
2022
2023
May-20
Jan-21
Sep-20
Sep-21
*May-21
Jan-22
Jan-23
May-22
Sep-22
May-23
Jan-24
Sep-23
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