| Armenia | |
| Rank: 99 · Score: 28.1 |
| Basic facts | ||||
| Population (millions) | 2.8 | IPOs and pulic issues (quartile) | Bottom | |
| GDP (US$ billions) | 17.9 | M&A volume (quartile) | Bottom | |
| GDP per capita (US$) | 6,433.6 | Venture capital investments (quartile) | Bottom | |
| GDP growth (per cent) | 5.5 | Private equity investments (quartile) | Bottom |
Performance Overview
| Indicator | Rank / 125 | Rank Trend | Score | |
| VC/PE Country Attractiveness Index | 99 | 28, 26, 25, 26, 26 | 28.1 | |
| 1 | Economic Activity | 106 | 11, 9, 15, 15, 19 | 57.9 |
| 2 | Depth of Capital Market | 116 | 13, 12, 11, 10, 9 | 6.4 |
| 3 | Taxation | 36 | 81, 81, 87, 87, 89 | 102.4 |
| 4 | Investor Protection and Corporate Governance | 39 | 76, 84, 85, 86, 86 | 78.8 |
| 5 | Human and Social Environment | 59 | 55, 59, 68, 72, 66 | 32.1 |
| 6 | Entrepreneurial Opportunities | 76 | 54, 51, 52, 49, 49 | 41.5 |
| Historic performance, 2019-2023 | Key driver performance, 2023 |
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Peer Group Comparison
| Regional Peers | Economic Activity | Depth of Capital Market | Taxation | Investor Protection and Corporate Governance |
Human and Social Environment |
Entrepreneurial Opportunites |
| Russian Federation | 88.0 | 35.5 | 103.3 | 9.8 | 37.0 | 69.2 |
| Sri Lanka | 66.4 | 31.9 | 65.1 | 63.8 | 24.5 | 41.6 |
| Azerbaijan | 71.7 | 10.6 | 103.3 | 95.0 | 27.5 | 39.2 |
| Mongolia | 58.4 | 13.3 | 87.7 | 66.4 | 25.7 | 35.0 |
| Armenia | 57.9 | 6.4 | 102.4 | 78.8 | 32.1 | 41.5 |
| Kyrgyzstan | 55.8 | 8.1 | 112.2 | 62.9 | 20.0 | 33.5 |
| Cambodia | 71.2 | 10.2 | 89.6 | 41.9 | 21.2 | 22.1 |
Last updated: 4 Nov 2023