Outsourcing rates by profession ($/hour)
Indicative blended rates for senior-level specialists.
| Profession | Min | Max | Avg |
|---|---|---|---|
| Business Analyst | 50 | 74 | 66 |
| Project Manager | 46 | 72 | 61 |
| Scrum Master | 53 | 68 | 58 |
| Graphic Designer | 46 | 65 | 58 |
| DevOps | 54 | 73 | 64 |
| Lead Developer | 59 | 75 | 70 |
| Junior Developer | 31 | 49 | 37 |
| Intermediate Developer | 41 | 60 | 47 |
| Senior Developer | 59 | 70 | 64 |
| Junior QA (Manual) | 23 | 40 | 30 |
| Intermediate QA (Manual) | 36 | 54 | 39 |
| Senior QA (Manual) | 41 | 56 | 43 |
| Junior QA (Automated) | 28 | 47 | 35 |
| Intermediate QA (Automated) | 38 | 58 | 42 |
| Senior QA (Automated) | 47 | 68 | 55 |
General information
Currency
AMD
GDP growth%
5.7
Population
2.791 million (2021)
Time zone
GMT+4
Region
Eastern Europe
Scorecard
160 country assessments, drawn up on the basis of macroeconomic, financial and political data, are made freely available.
Regularly updated, they provide an estimate of the average credit risk on a country’s businesses. This is an invaluable tool, giving an indication of a country’s potential influence on businesses’ financial commitments.
Our analyses use a eight-level ranking. In ascending order of risk, these are
Source linkcoface.com/Economic-Studies-and-Country-RisksOverall readiness
Software outsourcing readiness
Technology capabilities
Blockchain
Machine Vision
Key industries
Economic overview
Political Stability
-0.80The likelihood of political instability and/or politically motivated violence, including terrorism, is rated on a scale of approximately -2.5 to 2.5, where the score of -2.5 represents the highest perceived risk, and the score of 2.5 represents the lowest perceived risk.
Democracy status
5.49A global ranking based on political factors such as elections, government, participation, culture, and civil liberties.
Business climate
UncertainA comprehensive evaluation of the business environment, including access to and accuracy of corporate financial information and the strength of creditor protection through fair and effective resolution of unpaid debts through the local legal system.
Risk assessment
SignificantAn assessment of the average risk of non-payment for companies, determined by economic, financial, and political factors.
Figures are indicative and compiled from public indices. See our disclosure for methodology and sources.
Overview
Armenia is a landlocked country located in the South Caucasus region of Eastern Europe. It has a rich history and culture and is home to numerous historical and cultural landmarks.
Armenia has a mixed economy that is transitioning from a planned economy to a market-based one. The country has a relatively small industrial sector, with a focus on the production of food, beverages, textiles, and other consumer goods. The service sector is the largest contributor to the country's GDP and includes sectors such as tourism, banking, and telecommunications. The Armenian economy has been growing steadily in recent years, but it remains vulnerable to external shocks and relies heavily on foreign trade and investment. The country is a member of the World Trade Organization and has signed free trade agreements with a number of countries.
Armenia has a well-developed IT infrastructure, with a high level of internet and mobile phone penetration. The country has a modern telecommunications network, with widespread access to broadband internet and mobile phone services. The government has made significant investments in the development of the IT sector, including initiatives to promote the use of technology in education, healthcare, and business.
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