Political parties and leaders:
Agro-Industrial Party [Vladimir BADALIAN]; Armenia Party [Myasnik
MALKHASYAN]; Armenian National Movement or ANM [Alex ARZUMANYAN,
chairman]; Armenian Ramkavar Liberal Party or HRAK [Harutyun
MIRZAKHANYAN, chairman]; Armenian Revolutionary Federation
("Dashnak" Party) or ARF [Vahan HOVHANISSIAN]; Democratic Party
[Aram SARKISYAN]; Justice Bloc (comprised of the Democratic Party,
National Democratic Party, National Democratic Union, and the
People's Party) [Stepan DEMIRCHYAN]; National Democratic Party
[Shavarsh KOCHARIAN]; National Democratic Union or NDU [Vazgen
MANUKIAN]; National Unity Party [Artashes GEGAMIAN, chairman];
People's Party of Armenia [Stepan DEMIRCHYAN]; Republic Party
[Albert BAZEYAN and Aram SARKISYAN, chairmen]; Republican Party or
RPA [Andranik MARKARYAN]; Rule of Law Party [Artur BAGDASARIAN,
chairman]; Union of Constitutional Rights [Hrant KHACHATURYAN];
United Labor Party [Gurgen ARSENIAN]
Political pressure groups and leaders:
Yerkrapah Union [Manvel GRIGORIAN]
International organization participation:
BSEC, CE, CIS, EAPC, EBRD, FAO, IAEA, IBRD, ICAO, ICCt (signatory),
ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, Interpol, IOC, IOM, ISO, ITU,
MIGA, NAM (observer), OAS (observer), OPCW, OSCE, PFP, UN, UNCTAD,
UNESCO, UNIDO, UPU, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO
Diplomatic representation in the US: chief of mission: Ambassador Tatoul MARKARIAN chancery: 2225 R Street NW, Washington, DC 20008 telephone: [1] (202) 319–1976 FAX: [1] (202) 319–2982 consulate(s) general: Los Angeles
Diplomatic representation from the US:
chief of mission: Ambassador John M. EVANS
embassy: 18 Baghramyan Ave., Yerevan 375019
mailing address: American Embassy Yerevan, Department of State, 7020
Yerevan Place, Washington, DC 20521–7020
telephone: [374](1) 521–611, 520–791, 542–117, 542–132, 524–661,
527–001, 524–840
FAX: [374](1) 520–800
Flag description:
three equal horizontal bands of red (top), blue, and orange
Economy Armenia
Economy - overview:
Under the old Soviet central planning system, Armenia had developed
a modern industrial sector, supplying machine tools, textiles, and
other manufactured goods to sister republics in exchange for raw
materials and energy. Since the implosion of the USSR in December
1991, Armenia has switched to small-scale agriculture away from the
large agroindustrial complexes of the Soviet era. The agricultural
sector has long-term needs for more investment and updated
technology. The privatization of industry has been at a slower pace,
but has been given renewed emphasis by the current administration.
Armenia is a food importer, and its mineral deposits (copper, gold,
bauxite) are small. The ongoing conflict with Azerbaijan over the
ethnic Armenian-dominated region of Nagorno-Karabakh and the breakup
of the centrally directed economic system of the former Soviet Union
contributed to a severe economic decline in the early 1990s. By
1994, however, the Armenian Government had launched an ambitious
IMF-sponsored economic liberalization program that resulted in
positive growth rates in 1995–2003. Armenia joined the WTO in
January 2003. Armenia also has managed to slash inflation, stabilize
the local currency (the dram), and privatize most small- and
medium-sized enterprises. The chronic energy shortages Armenia
suffered in the early and mid-1990s have been offset by the energy
supplied by one of its nuclear power plants at Metsamor. Armenia is
now a net energy exporter, although it does not have sufficient
generating capacity to replace Metsamor, which is under
international pressure to close. The electricity distribution system
was privatized in 2002. Armenia's severe trade imbalance has been
offset somewhat by international aid and foreign direct investment.
Economic ties with Russia remain close, especially in the energy
sector.
GDP (purchasing power parity):
$13.65 billion (2004 est.)
GDP - real growth rate:
9% (2004 est.)
GDP - per capita:
purchasing power parity - $4,600 (2004 est.)
GDP - composition by sector: agriculture: 22.9% industry: 36.1% services: 41.1% (2004 est.)
Labor force:
1.4 million (2001)
Labor force - by occupation:
agriculture 45%, industry 25%, services 30% (2002 est.)
Unemployment rate:
30% (2003 est.)
Population below poverty line:
50% (2002 est.)
Household income or consumption by percentage share: lowest 10%: 2.3% highest 10%: 46.2% (1999)
Distribution
