been severely hurt by ethnic strife with Azerbaijan over control of theNagorno-Karabakh Autonomous Oblast, a mostly Armenian-populated enclave
within the national boundaries of Azerbaijan. In addition to outright
warfare, the strife has included interdiction of Armenian imports on the
Azerbaijani railroads and expensive airlifts of supplies to beleagured
Armenians in Nagorno-Karabakh. An earthquake in December 1988 destroyed
about one-tenth of industrial capacity and housing, the repair of which has
not been possible because the supply of funds and real resources has been
disrupted by the reorganization and subsequent dismantling of the central
USSR administrative apparatus. Among facilities made unserviceable by the
earthquake are the Yerevan nuclear power plant, which had supplied 40% of
Armenia's needs for electric power and a plant that produced one-quarter of
the output of elevators in the former USSR. Armenia has some deposits of
nonferrous metal ores (bauxite, copper, zinc, and molybdenum) that are
largely unexploited. For the mid-term, Armenia's economic prospects seem
particularly bleak because of ethnic strife and the unusually high
dependence on outside areas, themselves in a chaotic state of
transformation.
GDP:
$NA, per capita $NA; real growth rate —10% (1991)
Inflation rate (consumer prices):
91%
Unemployment rate:
NA%
Budget:
revenues $NA; expenditures $NA, including capital expenditures of $NA
Exports:
$176 million (f.o.b., 1990)
commodities:
machinery and transport equipment, ferrous and nonferrous metals, and
chemicals (1991)
partners:
NA
Imports:
$1.5 billion (c.i.f., 1990)
commodities:
machinery, energy, consumer goods (1991)
partners:
NA
External debt:
$650 million (December 1991 est.)
Industrial production:
growth rate —9.6% (1991)
Electricity:
NA kW capacity; 10,433 million kWh produced, about 3,000 kWh per capita
(1990)
Industries:
diverse, including (in percent of output of former USSR) metalcutting
machine tools (6.7%), forging-pressing machines (4.7%), electric motors
(8.7%), tires (2.1%), knitted wear (5.6%), hosiery (2.3%), shoes (2.2%),
silk fabric (5.3%), washing machines (2.0%); also chemicals, trucks,
watches, instruments, and microelectronics
:Armenia Economy
Agriculture:
only 10% of land area is arable; employs 18% of labor force; citrus, cotton,
and dairy farming; vineyards near Yerevan are famous for brandy and other
liqueurs
Illicit drugs:
illicit producer of cannabis mostly for domestic consumption; used as a
transshipment point for illicit drugs to Western Europe
Economic aid:
NA
Currency:
as of May 1992, retaining ruble as currency
Exchange rates:
NA
Fiscal year:
calendar year
:Armenia Communications
Railroads:
840 km all 1.000-meter gauge (includes NA km electrified); does not include
industrial lines (1990)
Highways:
11,300 km total (1990); 10,500 km hard surfaced, 800 km earth
Inland waterways:
NA km perennially navigable
Pipelines:
NA
Ports:
none - landlocked
Merchant marine:
none:
landlocked
Civil air:
none
Airports:
NA total, NA usable; NA with permanent-surface runways; NA with runways over
3,659 m; NA with runways 2,440-3,659 m; NA with runways 1,220-2,439 m
Telecommunications:
Armenia has about 260,000 telephones, of which about 110,000 are in Yerevan;
average telephone density is 8 per 100 persons; international connections to
other former republics of the USSR are by landline or microwave and to other
countries by satellite and by leased connection through the Moscow
international gateway switch; broadcast stations - 100% of population
receives Armenian and Russian TV programs; satellite earth station -
