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Republic of Armenia: Selected Issues

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  • International Monetary Fund

Abstract

Although Armenia itself has a population of only about 3 million, an estimated 8 million Armenians live abroad. In this paper, the size and the sources of remittances to Armenia are first discussed. Then, the appropriate definition of remittances and subsequently present estimates of the macroeconomic effects of remittances to Armenia are outlined. Remittances play a significant role in the Armenian economy. They amount to between US$250 million and US$1 billion per year, and constitute from 25 percent to 80 percent of remittance receivers’ incomes.

Suggested Citation

  • International Monetary Fund, 2006. "Republic of Armenia: Selected Issues," IMF Staff Country Reports 2006/434, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/434
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=20166
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    Citations

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    Cited by:

    1. World Bank, 2009. "Armenia : Implications of the Global Economic Crisis for Poverty," World Bank Publications - Reports 3119, The World Bank Group.
    2. Lucio Vinhas de Souza & Tatiana Lysenko, 2007. "The effects of energy price shocks on growth and macroeconomic stability in selected energy-importing CIS countries," Energy and Environmental Modeling 2007 24000064, EcoMod.
    3. Mr. David A. Grigorian & Mr. Hamid R Davoodi, 2007. "Tax Potential vs. Tax Effort: A Cross-Country Analysis of Armenia's Stubbornly Low Tax Collection," IMF Working Papers 2007/106, International Monetary Fund.

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