Armenian, Kurmanji, other 1.1, note - Russian is widely spoken
Economic Overview
Key economic indicators for Armenia
GDP:
$57.516 billion
GDP per Capita:
$19,200
GDP Growth:
8.3%
Inflation:
1.98%
Unemployment:
8.59%
Public Debt:
46.55% of GDP
Credit Rating:
B+ (2020)
Political System
Governance structure of Armenia
Government Type:
parliamentary democracy; note - constitutional changes adopted in December 2015 transformed the government to a parliamentary system
Head of State:
President Vahagn KHACHATURYAN (since 13 March 2022)
Head of Government:
Prime Minister Nikol PASHINYAN (since 10 September 2021)
Judiciary:
Court of Cassation or Appeals Court (consists of the Criminal Chamber with a chairman and 5 judges and the Civil and Administrative Chamber with a chairman and 10 judges – with both civil and administrative specializations); Constitutional Court (consists of 9 judges)