Republic of Armenia : Selected Issues

Author/Editor:

International Monetary Fund

Publication Date:

December 11, 2006

Electronic Access:

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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.

Series:

Country Report No. 06/434

Subject:

English

Publication Date:

December 11, 2006

ISBN/ISSN:

9781451801651/1934-7685

Stock No:

1ARMEA2006005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

42

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