In terms of technology, Armenia is a very promising country, with many strong IT companies, programming schools, and young professionals. Preferential taxation for IT companies producing products in this area (at least until the end of 2022): 0% income tax and 10% (instead of 23%) income tax on employee salaries with all deductions.

Armenia has a mixed economic system that combines various levels of private freedom with centralized economic planning and government regulation. With a stronger-than-expected recovery in the first half of 2021, the GDP growth forecast was raised to 6.1 percent in 2021, with growth expected to continue in 2022–23. (on average by 5 percent). The Armenian economy is expected to grow by 4.8 percent in 2022 and 5.4 percent in 2023. The Armenian government forecasts 7% growth in 2022.

Agriculture is one of Armenia's most important economic sectors. The agro-processing industry has benefited from private sector and international organization investments. The government has launched a 10-year strategy to drive the development of Armenia's agriculture sector, with the goal of making agriculture more sustainable, introducing innovative solutions and new technologies, and moving Armenian agricultural products up the value chain for export abroad.