Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Armenia
Armenia: Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 4.5 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Armenia, 1993–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
In 2029, africa's development dynamics (afdd) table 02 - annual real gdp in Armenia stood at 4.5 Percent per annum.
The figure is down 41.0% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Armenia peaked at 14.81 Percent per annum in 2002 and was at its lowest, -14.15 Percent per annum, in 2009.
Armenia ranks 40th of 166 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Armenia, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1993 | -14.05 Percent per annum | — |
| 1994 | 5.4 Percent per annum | -138.4% |
| 1995 | 8.03 Percent per annum | +48.8% |
| 1996 | 5.17 Percent per annum | -35.6% |
| 1997 | 3.39 Percent per annum | -34.5% |
| 1998 | 6.27 Percent per annum | +85.1% |
| 1999 | 3.17 Percent per annum | -49.4% |
| 2000 | 5.85 Percent per annum | +84.6% |
| 2001 | 9.47 Percent per annum | +61.8% |
| 2002 | 14.81 Percent per annum | +56.4% |
| 2003 | 14.05 Percent per annum | -5.1% |
| 2004 | 10.47 Percent per annum | -25.5% |
| 2005 | 14.11 Percent per annum | +34.8% |
| 2006 | 13.2 Percent per annum | -6.5% |
| 2007 | 13.75 Percent per annum | +4.2% |
| 2008 | 6.95 Percent per annum | -49.5% |
| 2009 | -14.15 Percent per annum | -303.7% |
| 2010 | 2.2 Percent per annum | -115.5% |
| 2011 | 4.7 Percent per annum | +113.6% |
| 2012 | 7.13 Percent per annum | +51.8% |
| 2013 | 3.41 Percent per annum | -52.2% |
| 2014 | 3.61 Percent per annum | +5.7% |
| 2015 | 3.25 Percent per annum | -9.8% |
| 2016 | 0.195 Percent per annum | -94.0% |
| 2017 | 7.52 Percent per annum | +3755.3% |
| 2018 | 5.22 Percent per annum | -30.5% |
| 2019 | 7.63 Percent per annum | +46.1% |
| 2020 | -7.15 Percent per annum | -193.7% |
| 2021 | 5.68 Percent per annum | -179.5% |
| 2022 | 12.6 Percent per annum | +121.8% |
| 2023 | 8.71 Percent per annum | -30.9% |
| 2024 | 6.01 Percent per annum | -31.0% |
| 2025 | 5.25 Percent per annum | -12.7% |
| 2026 | 4.5 Percent per annum | -14.3% |
| 2027 | 4.5 Percent per annum | +0.0% |
| 2028 | 4.5 Percent per annum | +0.0% |
| 2029 | 4.5 Percent per annum | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.48 Percent per annum | -14.05 Percent per annum | 8.03 Percent per annum | 7 |
| 2000s | 8.85 Percent per annum | -14.15 Percent per annum | 14.81 Percent per annum | 10 |
| 2010s | 4.49 Percent per annum | 0.195 Percent per annum | 7.63 Percent per annum | 10 |
| 2020s | 4.91 Percent per annum | -7.15 Percent per annum | 12.6 Percent per annum | 10 |
Countries ranked near Armenia
- 37 Latvia 2.49 Percent per annum compare
- 37 United Arab Emirates 4.54 Percent per annum compare
- 38 Sierra Leone 4.53 Percent per annum compare
- 39 Lithuania 2.23 Percent per annum compare
- 39 Cameroon 4.53 Percent per annum compare
- 40 Estonia 2.06 Percent per annum compare
- 40 Guinea-Bissau 4.5 Percent per annum compare
- 40 Sudan 4.5 Percent per annum compare
- 40 Tajikistan 4.5 Percent per annum compare
- 40 Somalia 4.5 Percent per annum compare
More economy & growth data for Armenia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 14.45 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2421 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 2,294 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.79 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 93.7 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 887,692 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 15.6 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1709 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 1,619 constant 2015 US$ per person (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Armenia?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Armenia was 4.5 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Armenia?
- The highest recorded value was 14.81 Percent per annum in 2002.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Armenia?
- The lowest recorded value was -14.15 Percent per annum in 2009.
- How does Armenia rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Armenia ranks 40th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Armenia?
- Over the last ten years it is down 41.0%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.