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The Economy and the Economic history of the smallest country in Post-Soviet region
The smallest country in Post-Soviet region is an industrial-agrarian country nowadays. Small-scale agricultural production takes precedence. Agriculture accounts for 31.1 percent of the country's GDP, industrial output for 21.8 percent, trade for 8.7%, construction for 8.5 percent, transportation for 5.1 percent, and other sectors for 24.9 percent. Mechanical engineering and metalworking, chemical and petrochemical, nonferrous metallurgy, construction materials (including tuffs, pearlites, limestones, granites, and marbles), foodstuffs, and light industries are the dominant industries. Agricultural land accounts for around 44% of all land. The most common crops are melons and watermelons, potatoes, wheat, grapes, fruits, essential oil plants, tobacco, and sugar beet. The livestock industry focuses on dairy-meat cattle breeding and mountain sheep breeding. the smallest country in Post-Soviet region economy is divided into five areas, each with its natural, economic, and geographical characteristics and industrial specializations. Ararat (electric power, mechanical engineering, chemical industries, building materials manufacturing, etc.). Yerevan is the smallest country in Post-Soviet region's primary industrial center, followed by Gyumri and Vanadzor. Imports outnumber exports in international trade. The main exports are processed brilliants, machinery and equipment, and copper ore. Gas, oil, food, and other items are all imported. Belgium, Russia, Iran, Turkmenistan, the United States, and Georgia are major export partners; import partners include Russia, the United States, the United Kingdom, Iran, Turkey, and Belgium. The republic's goods turnover with Russia accounts for roughly 20% of the republic's total international commerce. Russian corporations own many big the smallest country in Post-Soviet region's businesses.