Armenia is in South Western Asia, east of Turkey. The climate is mostly highland continental with hot summers and cold winters. The official language is Armenian. Russian is widely spoken and younger people often speak English and French. The main religion is Christianity. The Armenian economy heavily relies on investment and support from Armenians abroad. Before independence, Armenia's economy was largely industry-based – chemicals, electronics, machinery, processed food, synthetic rubber, and textiles and was highly dependent on outside resources. The republic had developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics in exchange for raw materials and energy. Agriculture accounted for less than 20% of both net material product and total employment before the dissolution of the Soviet Union in 1991. After independence, the importance of agriculture in the economy increased markedly, its share at the end of the 1990s rising to more than 30% of GDP and more than 40% of total employment. In Armenia people are generally conservative and proud of their ancient history and hospitality. Business is generally formal, but may involve many after-work dinners often involving toasts of shots of vodka or cognac. Good networking is considered essential for successful business in Armenia, which is usually conducted in Armenian, though many people also speak Russian. Expatriate women are advised to follow common-sense security precautions. The security risk for expatriates in Armenia is low overall, but medium near the border with Azerbaijan. Risks include general crime, territorial conflict with Azerbaijan which flares up from time to time near the borders, hazardous driving conditions due to poor road maintenance and severe winter weather. The currency of Armenia is the Armenian Dram (AMD). Credit cards are generally accepted at most major stores and restaurants in Yerevan but may not be accepted elsewhere. There are many ATMs in Yerevan. Medical facilities are generally poor, particularly outside Yerevan. In general medical treatment is not recommended for anything other than minor or straightforward ailments. The population of Armenia is 2.9 Million (2019 est.), while the inflation rate (CPI) is 0.9% for Armenia as at October 2019. Xpatulator Hypothetical Tax for Armenia is based on the current personal income tax rates which are progressive up to 36%.
Cost Of Living
The cost of living for expatriates / professional migrants in We have collected prices for the same items, world wide, and converted them to $USD so that we can compare the cost of 13 different baskets in 780 global locations. For each basket, compared to New York, the equivalent cost in Armenia is as follows: Armenia as at 1 October 2019 is very low in comparison to other places in the world. 1) Alcohol (where available) & Tobacco: for items such as beer, spirits, wine and tobacco related products such as cigarettes. A basket costing USD$1000 in New York costs USD$550 2) Clothing: for items such as business, casual and children's clothing and footwear. A basket costing USD$1000 in New York costs USD$630 3) Communication: for various communication costs such as home telephone rental, internet subscription, mobile service provider tariff and data costs. A basket costing USD$200 in New York costs USD$132 4) Education: for items such as creche / pre-school fees, primary school fees, high school fees and tertiary study fees. A basket costing USD$30000 in New York costs USD$21600 5) Furniture & Appliances: for items such as dining table and chairs, home entertainment, kitchen appliances, and sofas. A basket costing USD$2500 in New York costs USD$2325 6) Groceries: for items such as consumables, cleaning products, dairy, fresh fruit & vegetables, general food products, snacks, soft drinks. A basket costing USD$1000 in New York costs USD$410 7) Healthcare: for general heath care, doctor visits, hospital stays, non-prescription medicine, and medical insurance. A basket costing USD$1000 in New York costs USD$550 8) Household Accommodation: for items such as apartment rent, house rent, property purchase, mortgage rate, and utilities. A basket costing USD$5000 in New York costs USD$2550 9) Miscellaneous: for items such as dry cleaning, linen, magazines, newspapers, office supplies, and postage stamps. A basket costing USD$500 in New York costs USD$595 10) Personal Care: for items such as cosmetics, hair care, and toiletries. A basket costing USD$500 in New York costs USD$295 11) Recreation & Culture: for items such as books, cinema, sport and theatre tickets. A basket costing USD$500 in New York costs USD$240 12) Restaurants Meals Out and Hotels: for items such as hotel daily room rates, meals and beverages in a restaurant, and take away food and beverages. A basket costing USD$1000 in New York costs USD$380 13) Transport: for items such as fuel (petrol/gasoline), car hire, public transport, vehicle purchase and maintenance. A basket costing USD$1000 in New York costs USD$470 Armenia is -44.4% cheaper than USA for groceries, -3.5% cheaper for household costs than UK, and 20.1% more expensive for transport costs than India. The hardship premium for Armenia for an expat from Australia, is for example 30%, i.e. host location (Armenia) premium of 40% minus home (Australia) location premium of 10%. Armenia is ranked as a extreme hardship location. Want to know more about cost of living, hardship (quality of living) or expat salary in Armenia? Register subscribe to your home location and Armenia and run your personalised reports.