The Global Financial Integrity's "Illicit Financial Flows from Developing Countries: 2004-2013? study ranks Armenia 70th among 149 countries by the volume of illicit outflows. The study was published on December 9. The average annual illicit financial outflow from Armenia was $983 mln. (http://www.gfintegrity.org/wp-content/uploads/2015/12/IFF- Update_2015-Final.pdf).
Georgia was the 62nd ($1.495 mln), Azerbaijan was the 17th ($9.5 bln). China and Russia held the leading positions ($140 bln and $105 bln per annum, respectively). The illicit financial outflow from Kazakhstan was $16,704 bln, Ukraine - $11,676 bln. Belarus - $8,820 bln, Turkmenistan - $36 mln.
In 2004 the illicit financial outflow from Armenia was $403 mln, in 2008 - $1.155 mln, in 2011 - $1.197 mln, and in 2013 - $1.848 mln. The cumulative outflow was $9.833 mln.
So, the average annual amount was $983 mln, with the indicator per capita being $317 per annum.
The U.S.-based Global Financial Integrity works to curtail illicit financial flows by producing groundbreaking research, promoting pragmatic policy solutions, and advising governments. The fraudulent misinvoicing of trade transactions was revealed to be the largest component of illicit financial flows from developing countries, accounting for 83.4 percent of all illicit flows-highlighting that any effort to significantly curtail illicit financial flows must address trade misinvoicing.