Armenia and ADB

ADB partners with Armenia in promoting inclusive, sustainable, and private sector-led growth.

Economic forecasts for Armenia

Figures are based on the latest edition of ADB's Asian Development Outlook, which analyzes economic and development issues in Asia and the Pacific. This includes forecasting the inflation and gross domestic product growth rates of economies throughout the region.


 

Comparative economic forecasts

The latest available economic data for Armenia compared to countries in Caucasus and Central Asia.


 

Policy Challenge—Reforming Health Care for Better Health Outcomes

Armenia’s health-care sector faces several challenges that affect the quality of care and access to services. Despite health-care improvements in recent years, out-of-pocket expenditures constituted about 78% of health spending in 2020, and primary health-care visits still fall below average in Europe, as defined by the World Health Organization. This is partly attributed to problems involving the quality of care, with a high percentage of individuals opting for self-treatment instead of seeking professional medical assistance. Addressing these challenges requires a multifaceted approach to improve overall health-care delivery and ensure better health outcomes.

A modern electronic information system as part of an e-health strategy can improve the quality of care. Integrating electronic systems and improving data collection and analysis capabilities will lead to more informed decision-making, better coordination of care, improved diagnosis and treatment outcomes, and an enhancement of the quality and efficiency of medical services. A well-functioning e-health system will also help deliver safer, more effective, and patient-centered care, aligning with the overall goal of improving health-care quality.

Continuous quality improvement and performance monitoring are essential for a well-functioning health-care system. Enhancing the quality of care and ensuring effective health-care delivery require implementation of the quality improvement strategy aligned with national priorities This includes establishing standards through licensing and accreditation, developing quality improvement programs, reviewing the licensing of medical institutions, adopting clinical guidelines, and promoting a culture of quality through training and education. These measures will improve the quality of care, patient safety, and health outcomes, ensuring that health-care services meet evolving patient needs and maintain high standards.

Insufficient health financing limits equitable access to high-quality health-care services. The government’s strategy for health-care reforms in 2023–2026 envisages a sustained increase in public health expenditure to a minimum of 10% of the budget and 2.5% of GDP by 2026. The introduction of a universal health insurance system in 2026 is seen as essential for stabilizing health-care financing, lowering out-of-pocket costs, promoting access to high-quality care, and improving financial protection for the population.

The government has initiated comprehensive health sector reforms to address challenges in health care. Key policy documents—such as the Government Program, 2021–2026; Health Sector Strategy, 2023–2026; the Quality of Care Strategy; and Concept Note for Universal Health Insurance—highlight priorities such as improving the quality of care and implementing universal health insurance for financial risk protection. These reforms aim to increase health sector spending, enhance service readiness, and improve the overall quality of health care. Implementing these reforms will enhance accessibility, affordability, and the quality of health-care services. Thus, improving service readiness, strengthening institutional capacity, creating quality-management practices, and increasing health sector financing will be essential for building a responsive health-care system that meets the needs of the population.

More resources

Asian Development Bank and Armenia: Fact Sheet

Asian Development Bank and Armenia: Fact Sheet

The Fact Sheets summarize ADB's partnerships with member economies, providing key facts and figures and an overview of activities and future directions.

Asian Development Outlook (ADO) April 2024

Asian Development Outlook

The Asian Development Outlook analyzes economic and development issues in developing countries in Asia.

Key Indicators for Asia and the Pacific 2023

Key Indicators

The Key Indicators for Asia and the Pacific publication presents data regarding the economic, financial, social, and environmental situations in a broad range of countries across the region.

Basic Statistics 2024

Basic Statistics

The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific.