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Armenian diaspora provides 60-70% of country's GDP

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  • Armenian diaspora provides 60-70% of country's GDP

    Vestnik Kavkaza
    June 16 2011


    Armenian diaspora provides 60-70% of country's GDP
    Armenian communities abroad have a share of 60-70% of the country's
    GDP, Prime Minister Tigran Sargsyan said, ARKA reports.

    The PM noted that finances come in the forms of direct foreign
    investments and private funds.

    Armenian investments dropped by 19.5% in January-March 2011 compared
    with the same period in 2010, reaching $130.6 million.

    France invested $37.7 million, Russia - $23 million, UK - $21.7
    million.They had shares of 28.9%, 17.6% and 16.6% respectively in
    total direct foreign investment in Armenia.


    From: Baghdasarian
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