YEREVAN, February 7, /ARKA/. A recent study by the International Monetary Fund (IMF) titled, 'Shadow Economies Around the World: What Did We Learn Over the Last 20 Years?’ estimates Armenia’s informal (shadow) economy at 36% of its overall GDP.

According to the study, the average share of Armenia’s informal economy in 1991-2015 was 42.59% of GDP, falling to 35.96% in 2015. The share of the informal economy began to slowly decline from 2011 to below 40%.

Of the regional countries, the lowest informal economy is boasted by Iran (18.38%). In Turkey, it is 27.43% of GDP, in Azerbaijan - 43.66% and in Georgia - 53.07%.

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Armenian business people prefer bank deposits to investment in the real economy, Artak Manukyan, an economist, told reporters on Monday

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Foreign direct investments (FDI) into the Armenian economy in the first quarter of 2017 amounted to the equivalent of 19.743.2 billion drams, up from 14.987.2 billion drams in the same time span of 2016, an increase of 31%, the National Statistical Service (NSS) reported today

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The volume of deposits at Armenian commercial banks is almost comparable with their overall lending, which carries some risks for the economy, economist Vilen Khachatryan told a news conference last Friday

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Armenian Central Bank’s deputy chairman Nerses Yeritsyan has shrugged off today allegations by Hrant Bagratyan, a lawmaker from the oppositional Armenian National Congress (HAK) that Armenia has approached the verge of default

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In Armenia’s draft government budget for 2017, economic growth is projected at 3.2%, Karen Karapetyan, Armenian prime minister, said Monday while presenting the draft budget to the parliamentary commissions

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Armenian Central Bank’s total external liabilities in July 2016 stood at $624.5 million, having increased by 0.5% from the previous month, according to the regulator’s monthly bulletin for July 2016

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Businessmen, who have arrived to their homeland continue to replenish the Armenian economy with their experience, innovative thinking and unique approaches

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Tags: ACBA Credit Agricole, Armenia, Economy @en

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The chairman of the Armenian Central Bank Artur Javadyan downplayed Tuesday concerns that the revaluation of the national currency, the dram, may cause damage to the economy

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For 2016 we project to have a more than 3% economic growth, economy minister Artsvik Minasyan said today

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