$9.833 Billion dollars have illicitly flown out of Armenia since 2004

$9.833 Billion dollars have illicitly  flown out of Armenia since 2004 –

Global Financial Integrity has published it’s latest annual report on illicit financial flows from the developing world, titled “Illicit Financial Flows from Developing Countries: 2004-2013”. The report shows Illicit financial outflows of 154 countries from 2004 through 2013.

 $9.833 Billion dollars have illicitly  flown out of Armenia since 2004-2013, an average of $983 million dollars per year.

 Global Financial Integrity (GFI) is a non-profit, Washington, DC-based research and advisory organization, which produces high-caliber analyses of illicit financial flows, advises developing country governments on effective policy solutions, and promotes pragmatic transparency measures in the international financial system as a means to global development and security.


Armenia ranks 70 in the report. 

Azerbaijan ranks 17. The annual average flow from this country is 9.5 billion dollars. This number grew year by year in Azerbaijan. In 2004, 1.1 billion flew out, in 2013 14,736 billion. Over 10 years 95 billion dollars flew out of Azerbaijan. 

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