Armenia has made significant progress in its development journey by improving its ability to
withstand shocks and becoming an upper-middle-income country in 2018. Armenia’s GDP per capita more than doubled between 2017 and 2023, to USD 8,053 (current prices) despite several shocks including the COVID-19 pandemic and the military conflict with Azerbaijan in 2020. During this period, the government also implemented mitigation measures that helped contain...
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DETAILS
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2024/12/04
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Report
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195350
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1
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2024/12/04
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Disclosed
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Armenia Public Finance Review - Enhancing Fiscal Policy Efficiency
Citation
World Bank.
Armenia Public Finance Review - Enhancing Fiscal Policy Efficiency (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099120424144524795