Armenia GDP Annual Growth Rate: 3.5% (2023)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Armenia is estimated to be $14 Billion US dollars at the end of 2023.

The economy of Armenia has grown at an average annual growth rate of 2.3% in the last four years and is ranked the 33th largest economy in Europe, ahead of Albania.

World Economics Rates Armenia's Offical GDP Data as Grade B

GDP Annual Growth Rate: Armenia


Source: World Bank, World Economics
0 0 0 Armenia|#FE1800|-11.699998482027, -41.8000027457562, -8.7999987932935, 5.40000277917656, 6.89999841973659, 5.86540074943565, 3.32107970046952, 7.29999998770998, 3.30000000058166, 5.90000000312092, 9.59999999927596, 13.1999999979356, 14.0000000015501, 10.4999999988202, 13.8999999991133, 13.1999999994661, 13.7000000015467, 6.90000000042958, -14.1000000006998, 2.2000000002151, 4.69999999867412, 7.20000000096486, 3.3, 3.60000000058993, 3.19999999896625, 0.199999999825991, 7.50000000164144, 5.19999999965324, 7.59999999853918, -7.19999999999999, 5.69999999999998, 6.979, 3.523 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023,








 





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Economic Indicators: Armenia 2020 2021 2022 2023
GDP Annual Growth Rate (%) -7.2 5.7 7.0 3.5
GDP per Capita Annual Growth Rate (%) -6.7 6.3 7.0 3.5
Real GDP (US$ Billions, 2010) 12 13 13 14
Real GDP per Capita (US$, 2010) 4,256 4,522 4,682 4,888
Current GDP (Billions, US$) 13 14 14 15
Current GDP per Capita (US$) 4,506 4,967 5,141 5,368
Real GDP PPP (Billions, 2017) 37 40 42 44
Real GDP per Capita PPP (int$ 2017) 12,647 13,346 14,259 14,747
Data Quality Rating for Armenia See how much you can trust Armenia's GDP Data




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ARMENIA'S ECONOMICS
ARMENIA'S DEMOGRAPHY
ARMENIA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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