• Population 2,951,776
  • Area (km2) 29,740
  • GDP per capita (USD) 4,220.49
  • TPES (Mtoe) 3.08
  • Energy intensity
    (toe/103 2010 USD)
  • CO2 emissions - energy (MtCO2) 5.4

Armenia’s overall risk level against
the assessed areas is low.

While Armenia has the relevant policies and measures in place, there is potential for improvement. Attention should be given to increasing the robustness of its policy goals and commitments.

risk level

Of the three risks assessed in EIRA, breach of State obligations is lower compared to discrimination between domestic and foreign investors and unpredictable policy and regulatory change.
  • 26%
    Unpredictable policy and regulatory changes
  • 21%
    Discrimination between foreign and domestic investors
  • 18%
    Breach of state obligations

indicator performance

Armenia’s performance is very good on two of the EIRA indicators and good on two indicators. The highest-scoring indicator is rule of law at 82, followed by regulatory environment and investment conditions at 81. Its score on the indicator management of decision-making processes is 75. On foresight of policy and regulatory change, its score has improved by two points, from 63 to 65.

Sub-indicator performance

On a more detailed level, Armenia’s overall sub-indicator performance is good. The highest-scoring sub-indicator is restrictions on FDI at 90, followed by respect for property rights (83) and transparency (82). Its score is 80 on the sub-indicators communication of vision and policies, and management and settlement of investor-State disputes. It has retained its EIRA 2020 scores on the sub-indicators regulatory effectiveness (72) and institutional governance (69). The lowest-scoring sub-indicator is robustness of policy goals and commitments at 50.