How Armenia’s Economy Survived and Thrived #economichistory #history #economic #money

Armenia’s economic history is a tale of resilience, shaped by its geographical position, historical upheavals, and transitions through various political and economic systems. From ancient times to the present, Armenia’s economy has evolved from a hub of trade and agriculture to a modernizing, service-oriented economy facing unique geopolitical challenges. Below is a decade-by-decade account, with GDP growth percentages and figures where available, drawing on historical context and available data. Note that precise GDP data for earlier periods is sparse, so I’ll focus on qualitative trends where quantitative data is unavailable, and include specific figures for recent decades based on reliable sources.

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