





Asia · Western Asia
Nomad favourite since 2022 — cheap, welcoming, beautiful mountains, growing tech scene.
Retiree
Ideal destination
Armenia is a small, ancient country in the South Caucasus with a landscape of volcanic peaks, deep gorges, and medieval monasteries carved into cliffsides. The culture is one of the oldest continuously existing civilisations on earth, with a strong sense of identity, a rich culinary tradition, and extraordinarily welcoming people. Those who appreciate history, hiking, and off-the-beaten-path discovery will feel very much at home here.
Capital
Yerevan
Language
Armenian
Currency
֏ AMD
Area
28,199 km²
Fixed Broadband
83Mbps
Mobile
81Mbps
GDP / Capita
$9K
PPP / Capita
$23K
Inflation
0.3%
Unemployment
12.9%
Innovation (GII)
30.5
GNI / Capita
$8K
Tax Revenue
22.4%
FDI Inflows
0.5%
Education Spend
2.4%
Cost of Living
40.9
Price Level Index
61th pct
20-Year Trend + IMF Forecast
Income & inflation over time