KEY FACTS AT A GLANCE

Gross Domestic Product (GDP)
The contribution of Travel & Tourism to Gross Domestic Product is expected to decline from 10.3% (AMD343.2bn or US$893.8mn) in 2010 to 9.3% (AMD693.0bn or US$1,860.5mn) by 2020.

Employment
The contribution of the Travel & Tourism economy to employment is expected to fall from 95,000 jobs in 2010, 8.3% of total employment or 1 in every 12.0 jobs to 86,000 jobs, 7.6% of total employment or 1 in every 13.2 jobs by 2020.

Growth
Real GDP growth for Travel & Tourism economy is expected to be -2.2% in 2010 and to average 3.9% per annum over the coming 10 years.

Visitor Exports
Export earnings from international visitors and tourism goods are expected to generate 26.3% of total exports (AMD141.3bn or US$368.0mn) in 2010, growing (nominal terms) to AMD210.6bn or US$565.4mn (17.2%) of total in 2020.

Investment
Travel & Tourism investment is estimated at AMD145.3bn, US$378.4mn or 10.9% of total investment in 2010. By 2020, this should reach AMD343.0bn, US$920.7mn or 11.5% of total investment.

WORLD RANKING

The Armenia Travel & Tourism economy is ranked number:

• 130 in absolute size worldwide
• 71 in relative contribution to national economies
• 135 in long-term (10-year) growth

(181 countries are estimated by WTTC / OE)