Armenia Foreign Exchange Reserves: % of GDP
Key information about Armenia Foreign Exchange Reserves: % of GDP
- Armenia Foreign Exchange Reserves: % of GDP was reported at 14.245 % in Sep 2024
- This records an increase from the previous number of 13.592 % for Jun 2024
- Armenia Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 17.862 % from Dec 2013 to Sep 2024, with 44 observations
- The data reached an all-time high of 24.157 % in Mar 2021 and a record low of 12.802 % in Dec 2014
- Armenia Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
- The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly
CEIC calculates quarterly Foreign Exchange Reserves as % of Nominal GDP from monthly Foreign Exchange Reserves and quarterly Nominal GDP. The Central Bank of Armenia provides Foreign Exchange Reserves in USD. The National Statistical Service of the Republic of Armenia provides Nominal GDP in local currency. The Central Bank of Armenia average market exchange rate is used for currency conversions.
View Armenia's Foreign Exchange Reserves: % of GDP from Dec 2013 to Sep 2024 in the chart:
What was Armenia's Foreign Exchange Reserves: % of GDP in Sep 2024?
Armenia Foreign Exchange Reserves: % of GDP was reported at 14.245 % in Sep 2024 See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
14.245 Sep 2024 | 13.592 Jun 2024 | 12.802 Dec 2014 | 24.157 Mar 2021 | % | quarterly | Dec 2013 - Sep 2024 |
Foreign Exchange Reserves: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 20.781 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
Algeria (%) | 26.408 Mar 2024 | quarterly | Dec 1999 - Mar 2024 |
Argentina (%) | 3.598 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
Armenia (%) | 14.245 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
Australia (%) | 2.137 Sep 2024 | quarterly | Sep 1969 - Sep 2024 |
Austria (%) | 0.705 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Azerbaijan (%) | 17.952 Jun 2024 | quarterly | Dec 2001 - Jun 2024 |
Bahrain (%) | 8.733 Dec 2023 | quarterly | Dec 2007 - Dec 2023 |
Bangladesh (%) | 4.000 Nov 2024 | monthly | Oct 1999 - Nov 2024 |
Belarus (%) | 4.067 Jun 2024 | quarterly | Dec 2009 - Jun 2024 |
Belgium (%) | 1.241 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Bolivia (%) | 0.459 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Bosnia and Herzegovina (%) | 32.333 Jun 2024 | quarterly | Dec 2008 - Jun 2024 |
Botswana (%) | 23.845 Jun 2024 | quarterly | Jun 1994 - Jun 2024 |
Brazil (%) | 15.295 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
Brunei (%) | 6.000 Nov 2024 | monthly | Jan 2006 - Nov 2024 |
Bulgaria (%) | 36.315 Sep 2024 | quarterly | Sep 2003 - Sep 2024 |
Cambodia (%) | 7.000 Nov 2024 | monthly | Jan 2008 - Nov 2024 |
Canada (%) | 4.448 Sep 2024 | quarterly | Jun 1999 - Sep 2024 |
Chile (%) | 12.845 Sep 2024 | quarterly | Dec 1996 - Sep 2024 |
China (%) | 6.600 Nov 2024 | monthly | Jan 1985 - Nov 2024 |
Colombia (%) | 14.191 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
Croatia (%) | 39.431 Dec 2022 | quarterly | Dec 1995 - Dec 2022 |
Cyprus (%) | 0.666 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Czech Republic (%) | 42.606 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Denmark (%) | 19.745 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Ecuador (%) | 4.210 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
Egypt (%) | 8.728 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
Estonia (%) | 4.216 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
European Union (%) | 1.897 Jun 2024 | quarterly | Dec 1999 - Jun 2024 |
Finland (%) | 2.787 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
France (%) | 0.913 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Georgia (%) | 11.362 Jun 2024 | quarterly | Dec 1996 - Jun 2024 |
Germany (%) | 0.784 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
Ghana (%) | 3.820 Dec 2023 | quarterly | Dec 2006 - Dec 2023 |
Greece (%) | 1.481 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Hong Kong SAR, China (%) | 105.488 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
Hungary (%) | 17.783 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
Iceland (%) | 17.675 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
India (%) | 4.500 Nov 2024 | monthly | Sep 1962 - Nov 2024 |
Indonesia (%) | 9.000 Nov 2024 | monthly | Jan 1997 - Nov 2024 |
Ireland (%) | 0.852 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Israel (%) | 41.391 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
Italy (%) | 2.195 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
Ivory Coast (%) | 0.003 Mar 2023 | quarterly | Dec 1997 - Mar 2023 |
Japan (%) | 0.840 Sep 2024 | monthly | Oct 1980 - Sep 2024 |
Jordan (%) | 26.273 Jun 2024 | quarterly | Dec 1992 - Jun 2024 |
Kazakhstan (%) | 5.430 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
Kenya (%) | 7.721 Jun 2024 | quarterly | Dec 2009 - Jun 2024 |
South Korea (%) | 7.000 Nov 2024 | monthly | Nov 1979 - Nov 2024 |
Kosovo (%) | 12.534 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Kuwait (%) | 25.562 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Kyrgyzstan (%) | 11.939 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
Laos (%) | 8.000 Nov 2024 | monthly | Jan 2002 - Nov 2024 |
Latvia (%) | 9.361 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
Lebanon (%) | 21.405 2021 | yearly | 2004 - 2021 |
Lithuania (%) | 5.562 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Luxembourg (%) | 0.237 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Macau SAR, China (%) | 57.356 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
North Macedonia (%) | 27.496 Jun 2024 | quarterly | Dec 2000 - Jun 2024 |
Malawi (%) | 7.753 2019 | yearly | 2002 - 2019 |
Malaysia (%) | 2.000 Nov 2024 | monthly | Jan 1959 - Nov 2024 |
Malta (%) | 4.328 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Mauritius (%) | 44.869 Jun 2024 | quarterly | Dec 2006 - Jun 2024 |
Mexico (%) | 10.678 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Moldova (%) | 31.830 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Mongolia (%) | 17.057 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
Montenegro (%) | 20.266 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Morocco (%) | 22.019 Jun 2024 | quarterly | Dec 2007 - Jun 2024 |
Mozambique (%) | 16.911 2023 | yearly | 1984 - 2023 |
Myanmar (%) | 3.750 Nov 2024 | monthly | May 2011 - Nov 2024 |
Nepal (%) | 4.000 Nov 2024 | monthly | Jul 2003 - Nov 2024 |
Netherlands (%) | 0.587 Sep 2024 | quarterly | Sep 1999 - Sep 2024 |
New Zealand (%) | 5.764 Jun 2024 | quarterly | Sep 2005 - Jun 2024 |
Nigeria (%) | 14.124 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
Norway (%) | 16.403 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
Oman (%) | 14.968 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
Pakistan (%) | 5.000 Nov 2024 | monthly | Jul 2006 - Nov 2024 |
Palestinian Territory (%) | 15.697 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Panama (%) | 5.697 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
Paraguay (%) | 20.660 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
Peru (%) | 26.250 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
Philippines (%) | 9.500 Nov 2024 | monthly | May 1986 - Nov 2024 |
Poland (%) | 20.279 Jun 2024 | quarterly | Dec 2002 - Jun 2024 |
Portugal (%) | 172.824 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
Qatar (%) | 20.310 Dec 2023 | quarterly | Dec 2010 - Dec 2023 |
Romania (%) | 18.002 Sep 2024 | quarterly | Jun 2005 - Sep 2024 |
Russia (%) | 19.829 Mar 2024 | quarterly | Dec 2011 - Mar 2024 |
Saudi Arabia (%) | 41.018 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
Serbia (%) | 30.666 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
Singapore (%) | 70.512 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
Slovakia (%) | 7.006 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
Slovenia (%) | 1.771 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
South Africa (%) | 11.762 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
Spain (%) | 3.707 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
Sri Lanka (%) | 4.000 May 2023 | monthly | Mar 1997 - May 2023 |
Sudan (%) | 0.000 2017 | yearly | 1960 - 2017 |
Sweden (%) | 7.243 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
Switzerland (%) | 91.320 Sep 2024 | quarterly | Mar 2006 - Sep 2024 |
Syria (%) | 31.149 2010 | yearly | 1990 - 2010 |
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Learn more about what we doArmenia Key Series
Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -3.1 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
Consolidated Fiscal Balance (USD mn) | -357.655 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
Tax Revenue (USD mn) | 503.774 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
Tax Revenue: % of GDP (%) | 25.1 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
National Government Debt (USD mn) | 12,502.4 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Government Debt: % of GDP (%) | 48.9 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
Forecast: Government Expenditure (AMD bn) | 4,374.501 2029 | yearly | 2005 - 2029 |
Forecast: Government Net Debt (AMD bn) | 8,523.699 2029 | yearly | 1996 - 2029 |
Forecast: Government Revenue (AMD bn) | 3,906.567 2029 | yearly | 1993 - 2029 |
Consolidated Government Budget: Revenue and Grants (AMD mn) | 641,708.600 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Consolidated Government Budget: Balance (AMD mn) | -80,425.000 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
State Budget: Revenue: ytd: TP: TD: Tax: Excise Tax (AMD mn) | 110,888.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Expenditure: ytd: Current Expenses (CE) (AMD mn) | 1,941,378.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Expenditure: ytd (AMD mn) | 2,284,931.300 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Balance: ytd (AMD mn) | -211,487.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Revenue: ytd: TP: TD: Tax: VAT (AMD mn) | 599,931.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Revenue and Official Transfers: ytd (AMD mn) | 2,073,443.500 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: Deficit Financing: ytd (AMD mn) | 211,487.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: ytd: RT: Revenue: Tax, Government Duties & Compulsory Social Insur... (AMD mn) | 1,970,140.500 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: ytd: Expenditure: Transaction with Non Financial Assets: Non Finan... (AMD mn) | 354,268.100 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
State Budget: ytd: RT: Revenue (AMD mn) | 2,060,205.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
Central Government Debt: Short Term (AMD bn) | 120.104 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt: Mid Term (AMD bn) | 841.425 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt: Long Term (AMD bn) | 3,678.511 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt (AMD bn) | 4,842.070 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt: Domestic (AMD bn) | 2,403.559 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt: External (AMD bn) | 2,438.511 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
Central Government Debt: % Nominal GDP (%) | 46.700 2022 | yearly | 1999 - 2022 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 5.009 2028 | yearly | 1996 - 2028 |
Trade Balance (USD mn) | -373.8 Oct 2024 | monthly | Nov 1995 - Oct 2024 |
Total Exports (USD mn) | 931.6 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Exports Growth (%) | 24.6 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Aluminum: Exports (USD th) | 104,497.100 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 18,917.932 2023 | yearly | 1995 - 2023 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 16,026.864 2023 | yearly | 1995 - 2023 |
Total Imports (USD mn) | 1,305.4 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Imports Growth (%) | 9.2 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Imports: Medicament (USD th) | 168,753.777 2023 | yearly | 1995 - 2023 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 60,930.346 2023 | yearly | 1995 - 2023 |
Total Exports to USA (USD mn) | 4.688 Sep 2024 | monthly | Jun 1996 - Sep 2024 |
Total Imports from USA (USD mn) | 20.073 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
Total Exports to China (USD mn) | 67.778 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
Total Imports from China (USD mn) | 140.255 Sep 2024 | monthly | Jun 1998 - Sep 2024 |
Trade Balance: ytd (USD mn) | -3,130.800 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
Exports: Foodstuff (USD th) | 882,197.134 2022 | yearly | 1995 - 2022 |
Exports: Transport Means (USD th) | 332,561.981 2022 | yearly | 1995 - 2022 |
Exports: Machinery and Equipment (USD th) | 718,755.992 2022 | yearly | 1995 - 2022 |
Exports: Iron and Steel (USD th) | 84,659.900 2017 | yearly | 1995 - 2017 |
Exports: ow Bulgaria (USD mn) | 14.539 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: ow China (USD mn) | 67.778 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: ow Iran (USD mn) | 8.250 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: ow Russian Federation (USD mn) | 300.994 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Exports: ow United States (USD mn) | 4.688 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: Foodstuff (USD th) | 579,422.226 2022 | yearly | 1995 - 2022 |
Imports: Chemicals and Related Products (USD th) | 588,239.623 2022 | yearly | 1995 - 2022 |
Imports: Transport Means (USD th) | 957,936.871 2022 | yearly | 1995 - 2022 |
Imports: Machinery and Equipment (USD th) | 1,728,318.860 2022 | yearly | 1995 - 2022 |
Imports: Base Metals and Articles Thereof (USD th) | 291,969.058 2017 | yearly | 1995 - 2017 |
Imports: Iron and Steel (USD th) | 81,128.500 2017 | yearly | 1995 - 2017 |
Imports: ow Iran (USD mn) | 54.853 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: ow Russian Federation (USD mn) | 403.376 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Imports: ow United States (USD mn) | 20.073 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Export Value Index (2015=100) | 203.490 2021 | yearly | 1995 - 2021 |
Import Value Index (2015=100) | 165.372 2021 | yearly | 1995 - 2021 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.2 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
Household Debt: % of GDP (%) | 28.4 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
Non-Performing Loans (USD mn) | 517.057 Sep 2024 | monthly | Dec 2008 - Sep 2024 |
Money Supply M1 (USD mn) | 5,408.201 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Money Supply M2 (USD mn) | 9,497.423 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
M2 Growth (%) | 16.4 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Reserve Requirement Ratio (%) | 8.0 2023 | yearly | 2008 - 2023 |
Foreign Exchange Reserves (USD mn) | 3,520.3 Nov 2024 | monthly | Dec 1993 - Nov 2024 |
Foreign Exchange Reserves: % of GDP (%) | 14.245 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
Foreign Exchange Reserves: Months of Import (NA) | 2.7 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Gold Reserves (USD mn) | 0.000 Nov 2024 | monthly | Dec 1992 - Nov 2024 |
Total Deposits (USD mn) | 15,583.610 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Deposits Growth (%) | 9.1 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Domestic Credit (USD mn) | 18,611.6 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
Domestic Credit Growth (%) | 21.8 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
Household Debt (USD mn) | 7,427.9 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Loans (USD mn) | 15,477.787 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Total Loans Growth (%) | 21.34 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
Private Debt: % of Nominal GDP (%) | 53.77 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
Money Supply: M2X (AMD mn) | 5,469,875.977 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
Money Supply: sa: M2 (AMD mn) | 3,678,257.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Money Supply: M2X: M2 (AMD mn) | 3,772,525.235 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
Money Supply: M2X: M2: M1 (AMD mn) | 2,124,869.993 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
Money Supply: sa: M1 (AMD mn) | 2,094,542.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Monetary Base: sa (AMD mn) | 1,835,741.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Money Supply: M2X: M2: M1: Currency in Circulation (AMD mn) | 802,856.088 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
International Reserves: USD (USD mn) | 3,533.399 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
International Reserves: USD: Gold (USD mn) | 0.000 Nov 2024 | monthly | Sep 2003 - Nov 2024 |
Commercial Banks Loans: Residents: Consumer (AMD mn) | 1,312,580.105 Oct 2024 | monthly | Dec 2004 - Oct 2024 |
Commercial Banks Loans: Residents: Mortgage (AMD mn) | 1,315,608.213 Oct 2024 | monthly | Apr 2005 - Oct 2024 |
Commercial Banks Credit (AMD mn) | 5,871,010.938 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
Commercial Banks Credit: Residents: Households (AMD mn) | 2,879,192.134 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
More Indicators for Armenia
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