s energy needs, according to the
Armenian Government. Moreover, Armenia is expanding its energy imports
from Iran.

GDP: purchasing power parity - $9.7 billion (1996 estimate as
extrapolated from World Bank estimate for 1994)

GDP - real growth rate: 4% (1996 est.)

GDP - per capita: purchasing power parity - $2,800 (1996 est.)

GDP - composition by sector:
agriculture: 35%
industry: 35%
services : 30% (1995 est.)

Inflation rate - consumer price index: 5.7% (1996 est.)

Labor force:
total : 1.6 million (1996)
by occupation: industry and construction 23%, agriculture 38%,
services 37%, other 2%

Unemployment rate: 7.4% officially registered unemployed, but large
numbers of underemployed (December 1996)

Budget:
revenues : $NA
expenditures: $NA, including capital expenditures of $NA

Industries: much of industry is shut down; metal-cutting machine
tools, forging-pressing machines, electric motors, tires, knitted
wear, hosiery, shoes, silk fabric, washing machines, chemicals,
trucks, watches, instruments, microelectronics

Industrial production growth rate: 1% (1996 est.)

Electricity - capacity: 2.77 million kW (1994)

Electricity - production: 6.3 billion kWh (1996)

Electricity - consumption per capita: 1,462 kWh (1995 est.)

Agriculture - products: fruit (especially grapes), vegetables;
vineyards near Yerevan are famous for brandy and other liqueurs; minor
livestock sector

Exports:
total value : $273 million (f.o.b., 1996)
commodities: gold and jewelry, aluminum, transport equipment,
electrical equipment, scrap metal
partners: Iran, Russia, Turkmenistan, Georgia

Imports:
total value : $830 million (c.i.f., 1996)
commodities: grain, other foods, fuel, other energy
partners: Iran, Russia, Turkmenistan, Georgia, US, EU

Debt - external: $850 million (of which $75 million to Russia) (1995
est.)

Economic aid:
recipient: ODA, $NA
note: commitments (excluding Russia), $1,385 million ($675 million in
disbursements) (1992-95)

Currency: 1 dram = 100 luma (introduced new currency in November 1993)

Exchange rates: dram per US$1 - 443 (December 1996), 401.8 (end
December 1995), 406 (end December 1994)

Fiscal year: calendar year

@Armenia:Communications

Telephones: 650,000

Telephone system: joint venture agreement to install fiber-optic cable
and construct facilities for cellular telephone service is in the
implementation phase
domestic: NA
international : international connection