Armenian Information Technologies, Science and Electronics

Armenia is one of the leading information technology nations among the neighbouring CIS and Middle East countries. The growth of the present-day IT industry can be traced back to the Soviet era, during which time Armenia was a key science, R&D, and high-tech manufacturing centre of the former USSR. During Soviet times, the electronics and precision engineering sectors were one of the strongest sectors in Armenia, making up 20 percent of GDP, and supplying 25-30 percent of computer related equipment to the Soviet defence and space industries.

At its peak growth in 1987, the science and technology sector in Armenia employed approx 100,000 specialists. Independence in 1991 opened up new opportunities for the industry, in particular for entrepreneurs and IT professionals. The focus of the industry shifted from major manufacturing operations to the software and services sector, witnessing a substantial growth between 1998- 2008.

Today, the strongest and most promising industries in Armenian are the IT, Pharmaceuticals and Chemicals, Engineering and Electronics industries.

Electronics in Armenia

Armenia's Economy

Armenia has a successful record of transition creating a favorable macroeconomic climate based on a market economy. There has been consistent growth since 1994. The country has successfully implemented a comprehensive stabilization and structural reform program. In 1993, the first stock exchange was established and the new currency, the Dram, was introduced.

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• GDP Structure
• Index of Economic Freedom
• Inflation, Currency and Exchange Rate
• Labour Force
• Education
• Exports and Imports