Republic of Armenia: Selected Issues
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. 2006/434
Subject:
Balance of payments Banking Commercial banks Financial institutions Financial markets Financial sector development Remittances Revenue administration Tax administration core functions Value-added tax
English
Publication Date:
December 11, 2006
ISBN/ISSN:
9781451801651/1934-7685
Stock No:
1ARMEA2006005
Pages:
42
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