Armenia

Armenia, located in the region of Europe & Central Asia, is an internationally classified economy with a "Upper middle income" income level. It is home to a demographic force of approximately 3.1 million inhabitants.

From a quantitative perspective, Positioning itself as an export-oriented powerhouse, the export sector represents more than 48.1% of GDP, making it highly sensitive to global trade cycles. On a competitive level, it outperforms the regional average of Europe & Central Asia (1.7%) by a wide margin.

Delving deeper into its institutional metrics, The external profile shows vulnerability due to a deep trade deficit, where imports exceed exports by a margin of 5.5% of GDP. A fiscal consolidation effort stands out, achieving a sovereign deleveraging of 12.2 points in its recent history.

With a per capita income of $9,474, the country attempts to navigate the 'middle-income trap' by sophisticating its productive matrix.