[4] Ideologically, the party is positioned as centre-right on the political spectrum,[5] it advocates economic liberalism,[6] closer ties with Russia,[7][8] and regarding the European Union it is eurosceptic,[9][10] while on social issues they are traditionalist.

[16] The party advocates for the preservation of national and traditional values, families, and church and state relations as the most important priorities.

[17] The party also claims to support building stronger democratic and neighborly relations within the Caucasus region and with Moldova, Belarus, Ukraine and Central Asia.

Despite being a pro-Russian and eurosceptic party, Prosperous Armenia does believe in maintaining strong relations and economic partnership with the European Union.

In the 2012 Armenian parliamentary elections, it more than doubled its share of the vote to 30.12%, winning 35 seats and solidifying its position as the main opposition party.