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PetersGrant Offline

Beiträge: 6

17.05.2023 12:47
Finance of Armenia Antworten

The monthly minimum wage in Armenia is 107 USD. Armenia has a public debt equal to 13.22% of the country's gross domestic product (GDP) as measured in 2010. In terms of consumer prices, the inflation rate in Armenia is 6.2%. The currency of Armenia is the Armenian Dram. The plural form of the Armenian word dram is drams. The symbol used for this currency is ֏, abbreviated as AMD. The Armenian dram is divided into luma; It's 100 in a dram. Every year, consumers spend around US$6,946 million. The ratio of consumer spending to GDP in Armenia is 67.27%, and the ratio of consumer spending to world consumer market is 2%. Corporate tax in Armenia is 20%. Personal income tax ranges from 24.4% to 36% depending on your specific situation and income level. VAT in Armenia is 20%. In 2013, Armenia received US$272.7 million in foreign aid. In 2014, foreign aid totaled $400.1 million.

Gross domestic product
Total Gross Domestic Product (GDP) calculated as Purchasing Power Parity (PPP) in Armenia is $21 billion. The gross domestic product (GDP) calculated as purchasing power parity (PPP) per capita in Armenia was last at 7,099 US dollars. PPP in Armenia is considered fair compared to other countries. Fair purchasing power parities indicate that citizens in this country sometimes find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with fair purchasing power parities are relatively risky locations for investments. The total gross domestic product (GDP) in Armenia is 10 billion. Based on this statistic, Armenia is considered as a small economy. Countries with small economies generally support fewer industries and investment opportunities. However, worthwhile investment opportunities can be found. The gross domestic product (GDP) per capita in Armenia was last at 3,519 US dollars. The average citizen in Armenia has little wealth. Countries with low wealth per capita often have slightly lower life expectancies and a lower quality of life for their citizens. Finding a highly skilled workforce can be difficult in low-prosperity countries, as citizens sometimes struggle to obtain the training required for specialized industries. Labor can be found at low wages compared to countries with higher wealth per capita. The annual GDP growth rate in Armenia in 2014 averaged 3.2%. According to this percentage, Armenia is currently experiencing modest growth. Modest growth countries offer safe investment opportunities; Their expanding economy suggests that businesses, jobs and incomes will grow accordingly.

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