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Armenia is one of the youngest GET project countries. The German Economic Team has been active in Armenia since 2019.

The Armenian economy is based mainly on the extraction of raw materials and the production of agricultural goods, especially fruit, vegetables and tobacco. Moreover, the country has a relatively innovative IT sector, an area, in which Armenia has already played a leading role within the Soviet Union.

The developement of a competitive industrial sector is one of the most important taks for Armenia’s economic policy. Furthermore, the German Economic Team advises the Armenian government mainly in the areas of investment promotion, private sector development, foreign trade and governance.



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Economic Monitors

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  • Economic Monitor Armenia

    WA 09 | February 2023

    The Russian migration to Armenia in wake of the war in Ukraine has fuelled a substantial economic upsing. Russian migrants are drivers of consumption and quite often also have a background in IT, which is welcome news, if Armenia can convince the freshly arrived to remain in the country for a longer period of time.

Policy Publications

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