IMF: Armenia is the poorest country in South Caucasus
23.05.2018,
17:16
The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita.
YEREVAN, May 23. /ARKA/. The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita.
According to this report, Armenia’s per capita GDP based on PPP by the end of 2018 will be $10,000, up from $9,400 in 2017. The IMF ranks Armenia 113th among 192 countries surveyed. Armenia has the lowest indicator among the countries of the South Caucasus.
For example, in Georgia the per capita GDP based on PPP is projected at $11,480 (108th place), in Azerbaijan – at $18,040 (81st place), in Iran – at $21,240 (68th place) and in Turkey – at $28,350 (56th place).
According to the National Statistical Committee of Armenia, the country’s GDP in 2017 was 5.580.1 trillion drams or about $11.5 billion. The economic growth in Armenia in 2017 was 7.5%.
The per capita GDP based on PPP for Kyrgyzstan, which is like Armenia is a member of the Russia-led Eurasian Economic Union is projected at $3,800 for 2018 (150th place), for Russia - at $28,960 (55th place), for Kazakhstan - $27,290 (59th place), and for Belarus - $20,010 d (71st place). All are members of the Eurasian Economic Union.
The leader in the world in terms of per capita GDP based on PPP is Qatar ($128,700). The lowest figure is projected for the Central African Republic - $705,800.
According to Business Insider, the small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP — such as the United States, China, or Germany.
Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations. -0-
According to this report, Armenia’s per capita GDP based on PPP by the end of 2018 will be $10,000, up from $9,400 in 2017. The IMF ranks Armenia 113th among 192 countries surveyed. Armenia has the lowest indicator among the countries of the South Caucasus.
For example, in Georgia the per capita GDP based on PPP is projected at $11,480 (108th place), in Azerbaijan – at $18,040 (81st place), in Iran – at $21,240 (68th place) and in Turkey – at $28,350 (56th place).
According to the National Statistical Committee of Armenia, the country’s GDP in 2017 was 5.580.1 trillion drams or about $11.5 billion. The economic growth in Armenia in 2017 was 7.5%.
The per capita GDP based on PPP for Kyrgyzstan, which is like Armenia is a member of the Russia-led Eurasian Economic Union is projected at $3,800 for 2018 (150th place), for Russia - at $28,960 (55th place), for Kazakhstan - $27,290 (59th place), and for Belarus - $20,010 d (71st place). All are members of the Eurasian Economic Union.
The leader in the world in terms of per capita GDP based on PPP is Qatar ($128,700). The lowest figure is projected for the Central African Republic - $705,800.
According to Business Insider, the small countries that dominate the top ten all have small populations compared to countries that lead the world purely in terms of GDP — such as the United States, China, or Germany.
Most of these small nations heavily depend on immigrant workers who often do not reside in the country they are working in or are not granted resident status, and are therefore not counted in the GDP per capita calculations. -0-
