Armenia registered economic growth of 3.5% in 2013 (7.2%/2012), driven mainly by mining, remittances from abroad, and agro-industries. The effect of the economic crisis on poverty is still visible: 32.4% live under the national poverty line (27.6%/2008). The Government increased the minimum wage to $108/month, so employed persons are now above the poverty line ($97.1). Armenia is ranked 87/187 in the 2013 HDR report - in the high human development category. The Ministry of Economy registered an increase in SME contribution to GDP (44%) and exports (18%). 2014 Doing Business Report ranks Armenia 37/189 (highest amongst CIS countries) but the economy needs more diversification and competitiveness. The lack of dynamism leads to high unemployment (18.64%), with youth unemployment 39.1% (2013/ILO).
What we do
UNDP poverty reduction efforts are aimed at: Ensuring broad public participation in community affairs; supporting local economic development in communities located in border regions; assisting small and medium-sized enterprise start-ups to increase their competitiveness; upgrading vocational education and training institutions; designing and implementing public-private partnerships; and contributing towards achievement of localized MDGs. more
Projects and Initiatives
UNDP addresses community issues and disparities between the regions of Armenia through supporting agricultural and small businesses in vulnerable communities to promote economic revitalization and improve the living standards of the population; supporting the Ministry of Territorial Administration in Strategic Policy Development and Decentralization; promoting cross border cooperation between bordering regions of Armenia through encouraging and supporting trade and economic cooperation; and making efforts to regenerate the urban environment in the cities, making them a more attractive place to live, visit and work.more
During Soviet times, most of the vocational education and training (VET) institutions and preliminary craftsmanship schools had well functioning workshops and laboratories. However, after the transition to a market-based economy, most workshops became dysfunctional, equipment obsolete and teaching in colleges mainly theoretical. During the first years after independence, practical education in Armenia was modeled on outdated learning conditions and pedagogy and had out of date industrial facilities. more