IMF: Armenia is the poorest country in South Caucasus

IMF: Armenia is the poorest country in South Caucasus

The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita.

According to this report, Armenia’s per capita GDP based on PPP by the end of 2018 will be $10,000, up from $9,400 in 2017. The IMF ranks Armenia 113th among 192 countries surveyed. Armenia has the lowest indicator among the countries of the South Caucasus, Arka News Agency reported.

For example, in Georgia the per capita GDP based on PPP is projected at $11,480 (108th place), in Azerbaijan – at $18,040 (81st place), in Iran – at $21,240 (68th place) and in Turkey – at $28,350 (56th place).

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