Yearbook 2008
Armenia. The February presidential election was won as expected by incumbent Prime Minister Serzh Sarkisian, who was backed by the outgoing president. According to the official result, Sarkisian received 52.8 percent of the vote against 21.5 for opposition candidate Levon Ter-Petrosian, who held the presidential office from 1991-98.
- ABBREVIATIONFINDER: Click to see the meanings of 2-letter acronym and abbreviation of AM in general and in geography as Armenia in particular.
Economy
| Inflation rate | 0.90% |
| Unemployment rate | 18.9% |
| Gross domestic product (GDP) | $ 28,340,000,000 |
| GDP growth rate | 7.50% |
| GDP per capita | 9,500 USD |
| GDP by sector | |
| Agriculture | 16.70% |
| Industry | 28.20% |
| Service | 54.80% |
| State budget | |
| Revenue | 1.057 billion |
| Expenditure | 1.153 billion. |
| Proportion of the population below the national poverty line | 35.8% |
| Distribution of household income | |
| Top 10% | 25.4 |
| Lower 10% | 3.7 |
| Industrial production growth rate | 4.20% |
| Investment volume | 38.4% of GDP |
| National debt | 53.50% of GDP |
| Foreign exchange reserves | $ 2,242,000,000 |
| Tourism | 2014 |
| Number of visitors | 1,204,000 |
| Revenue | $ 994,000,000 |
The European Security and Cooperation Organization (OSCE) declared that the elections were essentially of international standard, but the opposition accused the authorities of electoral fraud. Mass rallies with tens of thousands of protesters followed and protesters pitched tent camps on Freedom Square in Yerevan. Outgoing President Robert Kotjarjan accused the opposition of trying to seize power, and he introduced a state of emergency following violence between police and protesters when eight people were killed and many injured.
The state of emergency was revoked after three weeks. More than 100 opposition activists, including several politicians, had been arrested for riots and coup attempts. Parliament passed a new law that made it possible to ban demonstrations that were assumed to threaten public order.
Figures during the year showed that Armenia’s economy had grown by 13.7 percent in 2007. But Armenia is still one of the poorest countries in the former Soviet Union and heavily dependent on Russia’s financial support.
In the autumn, signs of thawing relations with Armenia’s neighboring countries came. Turkish President Abdullah G邦l came to visit in connection with the first international football match between the two countries. It was the first time a Turkish leader visited Armenia. G邦l was met by angry demonstrations demanding that he recognize the Turkish genocide of Armenians in 1915, the major dispute between the countries. However, after talks with the President of Armenia, G邦l explained that there are no problems that cannot be solved with dialogue.
In November, Armenian and Azerbaijan leaders signed an agreement to resolve their dispute over Nagorno-Karabakh. The talks were led by the President of Russia, and the US and France also participated in the work on a diplomatic solution. The war between Russia and Georgia in August contributed to renewed international efforts to resolve the conflicts in the Caucasus.
Population 2008
According to Countryaah reports, the population of Armenia in 2008 was 2,877,208, ranking number 139 in the world. The population growth rate was -0.710% yearly, and the population density was 101.0649 people per km2.
