Investor Presentaiton
18 Investment guide Armenia
CPI
The average annual inflation rate for
Armenia in 2011-2015 was 4.6%. The
average inflation rate in 2015 was
3.7%. In recent years the inflation rate
has been within the CBA targeted
inflation rate range.
4%
2%
1%
0%
9%
8%
7%
6%
5%
៖៖៖៖៖៖៖៖៖៖
3%
2011
2012
2013
2014
2015
Source: NSS
USDM
5,000
4,500
Foreign Trade
LLLLL
-500
-1,000
-1,500
4,000
3,500
3,000
2,500
-2,000
2,000
1,500
-2,500
1,000
-3,000
500
-3,500
2011
2012
2013
2014
2015
Import Export
Balance
USDM
In 2015 the import decreased
significantly. This is overall the impact
of the declining economy in the region
and particularly in Russia as a main
trade partner. The main countries from
where Armenia imports are Russia,
Georgia, Iran, UAE and China. Armenia
mainly exports to Russia, China,
Germany, Iraq and Georgia.
Source: NSS
KPMG
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