Country risk rating

D3

SENSITIVE RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

The country risk assessments are your North Star metrics to make the right decision for your business and understand the risks in international trade. We have always the best solution for your needs

Swipe to view more

GDP USD 13.7bn (World ranking 131, World Bank 2019)
Population 2.96mn (World ranking 135, World Bank 2019)
Form of state Parliamentary republic
Head of government Nikol Pashinyan (PM)
Next elections 2023, legislative
  • Rich in mineral resources
  • Track record of moderate inflation since 2014
  • Sound long-term per capita GDP growth (+4.3% in 2010-2019)
  • Gradually but continuously improving business environment (rank 47 out of 190 economies in the World Bank’s “Doing Business 2020” survey)
  • High regional political instability
  • Relatively poor regional relations, in particular the conflict with Azerbaijan over the Nagorno Karabakh enclave
  • Unfavorable economic structure, with production and exports narrowly based on commodities, foodstuff and simple products
  • Vulnerability to the business cycle of Russia, which is a major trading partner and an important source of remittance inflows
  • Large current account deficits
  • High external debt

Trade structure by destination/origin

(% of total)

Exports Rank Imports
Russia 21%
1
34% Russia
China 10%
2
18% China
Georgia 10%
3
8% Iran
Iraq 8%
4
6% Germany
Canada 8%
5
4% Georgia

Trade structure by product

(% of total)

Exports Rank Imports
Metalliferous ores and metal scrap 28%
1
7% Gas, natural and manufactured
Tobacco and tobacco manufactures 11%
2
6% Petroleum, petroleum products and related materials
Beverages 11%
3
6% Non metallic mineral manufactures, n.e.s.
Non-ferrous metals 10%
4
4% Road vehicles
Gold, non-monetary (excluding gold ores and concentrates) 7%
5
3% Cereals and cereal preparations
Popular Risk Reports: Americas

Popular Risk Reports: Europe

Popular Risk Reports: Asia Pacific

Popular Risk Reports: Middle East