Armenia’s small, open economy is transitioning toward a services-led model, supported by technology and tourism sectors. Limited natural resources make the country dependent on imports and remittances. Public policies emphasize economic modernization and strengthening trade ties, particularly with neighboring countries and the EU. Regulatory improvements have been made, but monopolistic practices still affect competition. Society is marked by a skilled diaspora, but domestic job opportunities remain limited. Education standards are strong, fostering a growing tech sector. Climate challenges, including water scarcity, affect agriculture. Healthcare has improved but remains underfunded in rural areas.
