IMF: Armenia poorest country in South Caucasus

  24 May 2018    Read: 3602
IMF: Armenia poorest country in South Caucasus

Armenia once again turned out to be the poorest country in the South Caucasus, reads the International Monetary Fund (IMF) report.

The report includes economic data of countries in terms of the gross domestic product (GDP) per capita based on purchasing power parity (PPP), the Armenian media reported.

Armenia’s GDP per capita based on PPP will be $10,000 by the end of 2018, while it was $9,400 in 2017, according to the report.


On this indicator, Armenia ranked 113th among 192 countries. In addition, this indicator is the lowest among the countries of the South Caucasus.

This is while Azerbaijan’s GDP per capita based on PPP by the end of 2018 is forecast at $18,040, and in Georgia – at $11,480, according to the report.

Thus, Azerbaijan is the richest country in the South Caucasus, reads the report.

 


More about: #Armenia