Armenia

Armenia is a small, landlocked, developing economy that has grown since independence from the Soviet Union in 1991 despite closed borders with hostile neighbors Turkey and Azerbaijan.

It has benefited recently from an influx of Russians and IT firms fleeing the war in Ukraine, boosting its technology sector, though it remains dependent on remittances and Russian trade.

Key Sectors

Key sectors include mining (copper, molybdenum, gold), information technology and software (a fast-growing strength), diamond processing and jewelry, agriculture and brandy, and tourism.