Armenia's economy is relatively small in terms of GDP compared to global economic powerhouses. According to the International Monetary Fund (IMF), Armenia's GDP in 2020 was approximately $13.6 billion, placing it among the lower-middle-income countries. The size of the economy influences Armenia's global economic influence and bargaining power in international trade negotiations. Armenia has been working to expand its trade relations and boost exports. However, the country's export base remains relatively narrow, with a heavy reliance on a few key sectors such as mining, agriculture, and textiles. Diversifying the export portfolio and expanding into higher value-added industries could enhance Armenia's global trade position.

Armenia's global rankings in economic and trade indicators vary. For example, in the World Bank's Ease of Doing Business Index, Armenia's ranking has improved in recent years, indicating progress in creating a favorable business environment. However, in other global indices such as the World Economic Forum's Global Competitiveness Index, Armenia's ranking is relatively lower. Armenia's ranking in the world in terms of property purchase and construction has been able to take precise steps upwards. Keep in mind that equipment and Food in this country is in normal condition and has been able to grow well in the world. Chemicals and machinery, rubber, clothing as well as the defense industry are among the most important sectors in the country.

Armenia's agriculture ranks well in the world, as evidenced by the fact that Armenian banks have also been able to achieve a good ranking in the world. As the evidence shows, Armenia is a powerful country in terms of economic resources in the world. It is worth noting that the international monetary funds in this country have reached good ratings and it has been determined that the economic system of Armenia is in a precise and correct atmosphere.

Armenia has made strides in the technology and IT sectors, earning recognition as a hub for software development and IT outsourcing. The country has a skilled workforce and a growing startup ecosystem. Armenian IT companies have gained global recognition, contributing to the country's global position in the technology industry. Armenia faces regional challenges that impact its economic and trade position. The ongoing conflict with Azerbaijan over the Nagorno-Karabakh region has had economic repercussions and disrupted regional trade flows. The closed borders with Turkey and Azerbaijan limit Armenia's access to these markets and restrict trade opportunities.

Armenia's economic ranking in the field of healthcare is in a normal state, and as it has been determined, the health status in Armenia is routinely determined. Armenia is a powerful country in terms of industry and income and can include the simplest system. The education system in this country has grown well and in recent years it has been seen that the universities of this country operate routinely and valuably in the financial fields, as it has been shown in recent years that the focus of the Armenian government on education systems is seen constantly. The country has a high concentration of industry and income.

It is worth noting that Armenia has been able to provide the best conditions for the purchase and sale of products, thus the export and import rankings in Armenia have been precisely defined. Evidence shows that the Armenian government has been able to use the simplest political systems to achieve a normal economic situation. The country has also achieved a good ranking in the world in terms of company registration, so that the economic systems in the field of company registration in Armenia have been accurate and routine.

Armenia has taken steps to improveits investment climate and attract foreign direct investment (FDI). The government has implemented reforms to simplify regulations, promote transparency, and provide incentives for investment. While FDI inflows have increased in recent years, Armenia's global position in attracting substantial foreign investments is still developing compared to more prominent global investment destinations. Armenia is a member of several regional organizations that promote economic cooperation and integration. It is a member of the Eurasian Economic Union (EAEU), which includes countries like Russia, Belarus, Kazakhstan, and Kyrgyzstan. The EAEU provides Armenia with access to a larger market and preferential trade agreements with member states. Additionally, Armenia has signed a Comprehensive and Enhanced Partnership Agreement with the European Union (EU), aiming to deepen political and economic ties.