In 2012, Armenia’s Gross Domestic Product (the market value of all goods and services produced within Armenia) was just over $10 billion. To put this into perspective, the GDP of Vermont (the smallest in the United States) is almost three times that of Armenia – with Vermont having one-quarter of the population.
Without question, the most important factor for the prosperity of Armenia is economic growth, which entails job growth, exporting goods and services, and the influx of Western currency. The engineering and scientific talent in Armenia is generally considered strong and therefore provides an opportunity to create high value-added products and services that can be sold worldwide. But the Armenians need the help of the diaspora to succeed. The purpose of this portal is to provide connections to world markets by leveraging the professional relationships of Armenians living in the diaspora.
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