Armenia Country Partnership Framework 2019-2023

5 Quick Facts

• Armenia ranks 41^st in Doing Business 2019, up from 47^th place in 2017, largely due to improvements in the business regulatory environment. Yet businesses still face challenges obtaining construction permits and resolving insolvency.
• In the Human Capital Index, Armenia ranks 78^th among 157 countries. The country’s score of 0.57 is lower than the average score for the entire Europe and Central Asia region.
• Armenia will soon have an aging population, with people aged 65 years and over expected to comprise more than 22% of the population by 2050, according to the UN Population Fund.
• Mismanagement of health care has led to poor health outcomes and high out-of-pocket costs for patients across Armenia. Public spending on health in 2018 was just 1.4% of GDP, while out-of-pocket payments make up over 81% of total health spending.
• People are emigrating in search of better opportunities elsewhere. Armenia’s unemployment rate was about 18% in 2017, while informal employment makes up about 44.5% of total employment.

To help Armenia boost economic growth and improve the lives of all its citizens, the World Bank Group has developed a new four-year partnership strategy. 

The new Country Partnership Framework is fully aligned with the Armenian government’s vision for the country’s future development, which is driven by a five-year Government Program.

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