IMF Staff Country Reports

Republic of Armenia: Selected Issues

December 11, 2006

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Republic of Armenia: Selected Issues, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Summary

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.

Subject: Balance of payments, Banking, Commercial banks, Financial institutions, Financial markets, Financial sector development, Remittances, Revenue administration, Tax administration core functions, Value-added tax

Keywords: Armenia, Baltics, Central and Eastern Europe, Commercial banks, CR, Eastern Europe, Europe, Financial sector development, GDP, GDP growth, ISCR, Middle East, Remittance, Remittances, Remittances component, Remittances sender, Remittances to Armenia, Revenue, Tax, Tax administration core functions, Traditional remittance, VAT

Publication Details

  • Pages:

    42

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2006/434

  • Stock No:

    1ARMEA2006005

  • ISBN:

    9781451801651

  • ISSN:

    1934-7685