Stunning view of Mount Ararat covered in snow, towering over Yerevan cityscape in Armenia.Captivating view of Yerevan cityscape with Mount Ararat in the background.Stunning aerial panorama of Yerevan cityscape with the majestic Mount Ararat in the background, offering a scenic view.City skyline with snow-capped mountains under a blue sky, highlighting urban and natural beauty.Explore the stunning architecture and artistic design of the Yerevan Cascade in Armenia.

Armenia

Asia · Western Asia

High PeaceAffordable Cost of Living
High DevelopmentHybrid Regime
Population3.0M134th
GDP / Capita$9KUpper-mid
PPP / Capita$23KModerate
Gender Inequality0.198Low
Life Expectancy78 yrsHigh

Nomad favourite since 2022 — cheap, welcoming, beautiful mountains, growing tech scene.

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Retiree

Ideal destination

At a Glance

78
Very HighSafety
69
AffordableCost of Living
61
ModerateQuality of Life
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Armenia

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.

  • First country to officially adopt Christianity as a state religion — in 301 AD.
  • Oldest known winery in the world was found here: 6,100 years old.
  • Has produced a Nobel Prize winner and world chess champions despite a population under 3 million.
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Quick Facts

Capital

Yerevan

Language

Armenian

Currency

֏ AMD

Area

28,199 km²

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Nomad Hub

Fixed Broadband

83Mbps

Moderate88th globally

Mobile

81Mbps

Moderate57th globally
EnglishModerate
PlugType C/F

GDP / Capita

i

$9K

Upper Mid

PPP / Capita

i

$23K

High

Inflation

i

0.3%

Low

Unemployment

i

12.9%

High

Innovation (GII)

i

30.5

Above Avg

GNI / Capita

i

$8K

Lower Mid

Tax Revenue

i

22.4%

FDI Inflows

i

0.5%

Education Spend

i

2.4%

Cost of Living

i

40.9

Affordable

Price Level Index

i

61th pct

Very Affordable

20-Year Trend + IMF Forecast

Income & inflation over time

i
+450% nominal+140% real
$8K$17K$25K5%200520102015202020252027
GDPPPPInflationIMF forecast
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Neighbouring Countries