Armenia Economy

The Armenian economy with a population of 3.26 Million (Est 2010) ranks 126th in the world. It has a GDP PPP of 17.9 billion(IMF 2012 and GDP PPP per capita of 5,392 vs 48,328 (United States) according to the IMF in 2011. Its currency is the Armenian dram (AMD). Bank deposit account products fixed interest rates for an agreed term in Armenia are called time deposit accounts. According to CIA.gov data the inflation rate in Armenia was 4% (2012 est.) and 7.7% (2011 est.).