GDP : 13,9 billion USD (2021)

GDP Growth Rate: %5,7 (2021)

GDP per sector: Agriculture:%11,21, Industry: %27,06, Services: %53,16

GDP per capita: 4.680 USD (2021)

Inflation : %7,7 (2021)

Unemployment: %18,2 (2020)

Total Foreign Currency Reserves: 3,026 billion USD

Export: 3,022 billion USD (2021)

Import: 5,356 billion USD (2021)

Currency: Dram

Trade Partners: Russia, EU Countries, Iran, China, Switzerland and the USA

Exports: Copper, tobacco products, alcoholic drinks, gold, iron-steel.

Imports: Oil and fuel, semi precious stones and metals, motor vehicles and parts, machine and equipment.

Türkiye-Armenia Economic Relations

As a result of spreading of the war between Armenian and Azerbaijani forces and the occupation of Kalbajar region of Azerbaijan, the common land border between Türkiye and Armenia was closed.

Following the II. Karabakh War, Special Representatives were appointed within the context of Türkiye-Armenia Normalization Process, who decided to commence the air cargo trade between two countries on 1 July 2022 in Vienna.