Exports of goods and services (annual % growth) in Armenia

The Exports of goods and services (annual % growth) in Armenia was reported at -13.08 in 2008, according to the World Bank. Annual growth rate of exports of goods and services based on constant local currency. Aggregates are based on constant 2000 U.S. dollars. Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.This page includes a historical data chart, news and forecats for Exports of goods and services (annual % growth) in Armenia. Armenia's economy relies heavily on investment and remittances from abroad. In recent years, the country had built a modern industrial sector focusing on production of machine tools and textiles. The nation is dependent on Russian commercial and governmental support and most of its key infrastructure is Russian owned and/or administered.