EconomicsArmenia is a land-locked country between Turkey, Azerbeidjan, Georgia and (a small border) with Iran. The country is similar in size to the Netherlands and has a total population of around 3 million. Although the borders with Turkey and Azerbaijan are closed for trade, the country was able to maintain impressive growth rates. Wide-ranging economic reforms have resulted in steady growth since 1995. New sectors, such as precious stone processing and jewelry making, information and communication technology, and tourism have begun to supplement more traditional sectors such as agriculture in the economy.
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