"Armenia has seen a steady improvement in its economy over the past few years. According to the World Bank, Armenia’s GDP grew by 4.2% in 2019, and is projected to grow by 4.3% in 2020. This growth is largely driven by the services sector, which accounts for over 60% of the country’s GDP. The industrial sector is also growing, with a 5.2% increase in 2019.

The unemployment rate in Armenia has also decreased in recent years, from 17.7% in 2017 to 16.2% in 2019. This is largely due to the government’s efforts to create jobs and attract foreign investment.

Inflation in Armenia has been relatively low, with an average rate of 2.7% in 2019. This is due to the government’s efforts to keep prices stable and promote economic growth.

Overall, Armenia’s economy has seen steady growth in recent years, and the government’s efforts to create jobs and attract foreign investment have been successful. With continued economic growth, Armenia is well-positioned to become a major player in the region."