able largely
to the cumulative impact of the blockade; of particular importance was the
shutting off in the summer of 1992 of rail and road links to Russia through
Georgia due to civil strife in the latter republic.
National product:
GDP $NA
National product real growth rate:
-34% (1992)
National product per capita:
$NA
Inflation rate (consumer prices):
20% per month (first quarter 1993)
Unemployment rate:
2% of officially registered unemployed but large numbers of underemployed
Budget:
revenues $NA; expenditures $NA, including capital expenditures of $NA
Exports:
$30 million to outside the successor states of the former USSR (f.o.b.,
1992)
commodities:
machinery and transport equipment, light industrial products, processed food
items (1991)
partners:
NA
Imports:
$300 million from outside the successor statees of the former USSR (c.i.f.,
1992)
commodities:
machinery, energy, consumer goods (1991)
partners:
NA
External debt:
$650 million (December 1991 est.)
Industrial production:
growth rate -50% (1992 est.)

*Armenia, Economy

Electricity:
2,875,000 kW capacity; 9,000 million kWh produced, 2,585 kWh per capita
(1992)
Industries:
diverse, including (in percent of output of former USSR) metalcutting
machine tools (5.5%), forging-pressing machines (1.9%), electric motors
(9%), tires (1.5%), knitted wear (4.4%), hosiery (3.0%), shoes (2.2%), silk
fabric (0.8%), washing machines (2.0%), chemicals, trucks, watches,
instruments, and microelectronics (1990)
Agriculture:
accounts for about 20% of GDP; only 29% 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:
wheat from US, Turkey
Currency: retaining Russian ruble as currency (January 1993)
Exchange rates:
rubles per US$1 - 415 (24 December 1992) but subject to wide fluctuations
Fiscal year:
calendar year

*Armenia, Communications

Railroads:
840 km; does not include industrial lines (1990)
Highways:
11,300 km total; 10,500 km hard surfaced, 800 km earth (1990)
Inland waterways:
NA km
Pipelines:
natural gas 900 km (1991)
Ports:
none; landlocked
Airports:
total:
12
useable:
10
with permanent-s