Home - GREARM

Statistical data of Greek-Armenian Relations.
Highlights of Armenia's economic performance.
Analysis of Armenia's external trade.

Armenia

Armenia is located in the southwestern region of the Caucasus, at the crossroads of Europe and Asia.

Armenia declared independence on September 21, 1991, following the dissolution of the Soviet Union. The country consists of 11 provinces, with Yerevan as its capital, and takes the form of a parliamentary democracy.

The official language is Armenian, although Russian is also widely used. The official religion is Christianity (Armenian Apostolic Church). The currency of Armenia is the dram (AMD).

Greek-Armenian relations have a long historical background and are associated with the coexistence of Greeks and Armenians during the Byzantine period and during the Ottoman Empire.

525 BC

Earliest reference to Armenia by the Greek historian and geographer Hecataeus of Miletus.

1992

Establishment of diplomatic relations between Greece and Armenia

1996

Greece officially recognized the Armenian Genocide.

2015

Armenia officially recognized the Pontian Genocide.

Greece is one of the first countries that have officially recognized the Armenian genocide committed by the Ottomans in 1915.

The two countries cooperate in the framework of international organizations (UN, OSCE, CoE, BSEC) while Greece strongly supports the further development of the EU's relations with Armenia.

There is Greek Embassy in Yerevan since 1993 and Armenian Embassy in Athens.

Bilateral relations have been maintained for centuries at a truly exceptional level, but current bilateral trade and economic activity is relatively low.

Trade

January - July 2021

13474000
+51,5%

*0.3% of external trade of Armenia

from Greece to Armenia

13.435.300

+51,2%
*0.5% of Armenian imports

from Armenia to Greece

38.700

+595,4%
*0.0% of Armenian exports

Armenia - Greece Trade Stats

Tourism

January - June 2021

from Greece to Armenia

269

-42,3%
*0.1% of all tourism arrivals in Armenia

from Armenia to Greece

Tourism Stats

Economic Activity

January - July 2021

+5,2%

compared to January - July 2020

Industrial	+2,1%
Agriculture*	+6,8%
Construction	+8,8%
Trade turnover	+7,5%
Services	+4,4%
Average wages	???
Consumer price index	+6,1%
Producer’s price index	+10,1%
Electricity production	+0,1%
External trade	+15,1%
Exports	+23,2%
Imports	+10,6%

Economic Activity Stats

Tourism

January - July 2021

Visitors

239.263

-22,2%

Tourism Stats

External Trade

January - July 2021

Exports

1 641 517.7

+23,2%

Imports

2 664 878.9

+10,6%

Prices in USD

	Exports	Imports
I - Live animals; animal products	53 171.8 +43.3%	72 989.7 +0.8%
II - Vegetable products	104 176.1 +48.6%	123 916.0 +0.9%
III - Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes	37.2 -38.6%	38 397.9 +42.3%
IV - Prepared foodstuffs; beverages, spirits and vinegar; tobacco and manufactured tobacco substitutes	309 447.1 +5.8%	217 156.8 -0.2%
V - Mineral products	613 049.2 +36.6%	483 301.7 +15.1%
VI - Products of the chemical or allied industries	18 642.2 +13.2%	240 219.1 +1.5%
VII - Plastics and articles thereof; rubber and articles thereof	9 949.0 +19.6%	111 415.6 +2.7%
VIII - Raw hides and skins, leather, furskins and articles thereof; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)	2 814.5 -1.5%	13 428.6 +39.6%
IX - Wood and articles of wood; wood charcoal; cork and articles of cork; manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork	457.1 +78.0%	34 366.2 +16.2%
X - Pulp of wood or of other fibrous cellulosic material; recovered (waste and scrap) paper or paperboard; paper and paperboard and articles thereof	875.9 +43.5%	46 602.5 -8.6%
XI - Textiles and textile articles	98 506.1 +52.9%	146 770.2 +25.5%
XII - Footwear, headgear, umbrellas, sun umbrellas, walking-sticks, seat-sticks, whips, riding-crops and parts thereof; prepared feathers and articles made therewith; artificial flowers; articles of human hair	2 664.4 +210%	31 337.6 +26.4%
XIII - Articles of stone, plaster, cement, asbestos, mica or similar materials; ceramic products; glass and glassware	11 321.0 -6.4%	58 412.6 +12.7%
XIV - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin	175 166.9 -2.9%	133 570.3 +210%
XV - Base metals and articles of base metal	178 682.7 +32.2%	192 797.1 +2.6%
XVI - Machinery and mechanical appliances; electrical equipment; parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles	27 916.9 +52.5%	428 096.1 +1.9%
XVII - Vehicles, aircraft, vessels and associated transport equipment	10 233.3 +71.7%	146 994.6 +23.9%
XVIII - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; clocks and watches; musical instruments; parts and accessories thereof	15 036.4 -50.5%	66 186.6 +8.0%
XX - Miscellaneous manufactured articles	8 796.1 +17.5%	78 707.3 +12.0%
XXI - Works of art, collectors’ pieces and antiques	573.6 +91.5%	212.2 +370%

External Trade Stats

Comprehensive and Enhanced Partnership Agreement

On 1 March 2021, the European Union-Armenia Comprehensive and Enhanced Partnership Agreement (CEPA) entered into force, while current membership in the Eurasian Economic Union (EAEU), makes Armenia an extremely interesting business destination for European companies.

ARMENIA EXPO

16 - 18 of September, 2021

Days

Hours

Minutes

Seconds

YEREVAN EXPO

3 HAKOB HAKOBYAN, YEREVAN, ARMENIA

Economy Overview

Economic Activity

Trade

Tourism

Misc

Statistical data of Greek-Armenian Relations.

Highlights of Armenia's economic performance.

Analysis of Armenia's external trade.

Armenia

Bilateral Relations

Economic Activity

Tourism

External Trade

ARMENIA EXPO