Location map
author: OCHA/ ReliefWeb

- Southwestern Asia.
- Neighbours: Turkey, Georgia, Azerbaijan, Iran.

- highland continental, hot summers, cold winters.

Natural hazards:
- occasionally severe earthquakes; - droughts.

Macro indicators (* 2018 estimates)
GDP*:-EUR billion

Currency: Dram

Code: AMD
Since: 1993

Exchange rates at December 31st:

1 EUR = 553.65 AMD (2018)
1 EUR = 580.10 AMD (2017)
1 EUR = 512.20 AMD (2016)
1 EUR = 528.69 AMD (2015)
1 EUR = 577.47 AMD (2014)
1 EUR = 559.54 AMD (2013)
1 EUR = 532.24 AMD (2012)
1 EUR = 498.72 AMD (2011)
1 EUR = 481.16 AMD (2010)




Armenia 1Q2019 Market Ranking

Armenia 1Q2019 Market Portfolio

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Latest news

STATISTICS: ARMENIA, 1Q2019: market growth slowed down by 30%

Total GWP of Armenian insurers in the 1st quarter amounted to AMD 16.5 billion (EUR 30.28 million), 17.4% more y-o-y in local currency (vs 47.6% a year ago according to the insurer's portfolio data), market results from ArmInfo show.

ARMENIA: average MTPL loss ratio increased to 64.5%

For the first three months of this year, the average MTPL loss ratio increased from 62.9% to 64.5% (without deduction of reserves) and from 71.1% to 73.7% (with deduction of reserves), according to the Bureau of Motor Insurers.

ARMENIA: export insurance in 2018 increased by 73%

In 2018 export insurance recorded a significant growth. Total insured amount was AMD 7.9 billion (+73% y-o-y), at that total insurance premiums exceeded the planned level for 2018-2020 by 31%, as the press office of the Export Insurance Agency of Armenia announced.

ARMENIA: launch date of agro insurance project is not yet determined

The Agricultural Ministry of Armenia previously announced that around the end of 2018 and beginning of 2019, insurers would start to sell agro insurance policies. However, as of now, launch of the agro insurance project is not yet determined and no memorandums are signed with insurers, as member of the Agricultural Alliance and Council to the CEO of NAIRI company, Artak MARTIROSYAN, announced.