Foreign economic activity

The transition from closed to open economic systems created the need for new statistical indicators, among which external economic activity indicators became especially important.

In today’s globalized world, no country can be viewed in isolation. Countries integrated into global value chains use indicators such as the balance of payments, exports, imports, and tourist inflows and outflows to assess their economic links with the rest of the world.

This subsection presents the key indicators of Armenia’s external economic activity.