Armenian economy

Armenia's economy is diverse but primarily focused on services, industry, and agriculture. Key industries include mining, especially for copper and molybdenum, as well as food processing and textiles. Since gaining independence in 1991, the country has made efforts to modernize its economy, attracting foreign investment and integrating with global markets. Remittances from Armenians working abroad significantly support the economy. Despite challenges like limited natural resources and geopolitical tensions, Armenia has seen growth in sectors like information technology and tourism, striving to enhance economic stability and development.