Basic Country Data

 

Official Name	Republic of Armenia
Head of the State	President
Head of Government	Prime Minister
National Legislature	National Assembly
Capital	Yerevan
Major Cities	Gyumri, Vanadzor, Ashtarak, Artashat, Goris
Total Land Area	29,800 square kilometers
Population	3,2 million
Labor Force	64,6%
Literacy (%)	99%
Official Language	Armenian
Independence Declared	1991
Religion	Christian (adopted 301 A.D.), Armenian Apostolic Church
Currency	Dram (AMD), introduced in 1993
Time Zone	GMT+4

 

Population

Based on current official estimates, Armenia’s population is 3.2 million with an annual growth rate of 1.4 %. Ethnically, Armenia is a homogeneous country with 96% Armenians. The next biggest ethnic group is Russian with 1.5%. Other ethnic groups are: Assyrians, Greeks, Jews, Kurds, Ukrainians, Yezidis, etc.

Labour Force

The majority of people are between the ages of 17 and 59 (64.6%), among which the level of education is more than satisfactory. Education continues to be one of the main values in Armenian society. Today, there are about 50 universities with more than 77,000 students. 18 of the universities are state owned and 8 are foreign: American University of Armenia, French University, European University and 5 Russian Universities.

Labour Force quality in Armenia

 

 

The unemployment rate was 7.0% in 2010 . The combination of graduates and the unemployment rate means that there is a supply of highly qualified people available today in Armenia. According to a UNDP survey of the age group 13 to 33, over 30% have the proficiency to conduct business in English language.

Armenian Diaspora

Armenian worldwide population today, is estimated at a little more than 10 million. The largest Diaspora Communities are in Russia, Iran, USA, France, Lebanon. The close relation with huge Diaspora assists Armenians to be knowledgeable about the rules of doing business in Western and Eastern style.

Language

Armenian is the official language and is spoken by 99% of the population. Russian dominates as the second language. English is the third spoken language as a consequence of the country’s integration into the world economy.

State Structure

Due to the Constitution adopted through a national referendum in 1995, Armenia is independent and democratic with a presidential form of government. The executive body is the Government of Armenia headed by the Prime Minister, who is appointed by the President based on suggestion of leading parties in the National Assembly. The National Assembly is the legislative body of the country.

Judicial System

The Judicial System of Armenia is represented by the Courts of First Instance, the Courts of Appeal, and the Court of Cassation. The Constitutional Court decides on compliance of the decrees of the National Assembly, the President, and the Government with the Constitution of Armenia.

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