Annual GDP growth in Armenia
Armenia: Annual GDP growth was 5.9% in 2024. ◆ Volatile
Latest (2024)
5.9%
Change on year
down 28.9%
World rank
24th
of 196 countries
All-time high
14.0%
in 2003
All-time low
-14.1%
in 2009
Years of data
25
2000–2024
Annual GDP growth in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual gdp growth in Armenia stood at 5.9%.
Compared with earlier readings it is down 28.9% on the previous year and up 63.9% over ten years.
Over the whole period, annual gdp growth in Armenia peaked at 14.0% in 2003 and was at its lowest, -14.1%, in 2009.
Armenia ranks 24th of 196 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 5.9% | — |
| 2001 | 9.6% | +62.7% |
| 2002 | 13.2% | +37.5% |
| 2003 | 14.0% | +6.1% |
| 2004 | 10.5% | -25.0% |
| 2005 | 13.9% | +32.4% |
| 2006 | 13.2% | -5.0% |
| 2007 | 13.7% | +3.8% |
| 2008 | 6.9% | -49.6% |
| 2009 | -14.1% | -304.3% |
| 2010 | 2.2% | -115.6% |
| 2011 | 4.7% | +113.6% |
| 2012 | 7.2% | +53.2% |
| 2013 | 3.3% | -54.2% |
| 2014 | 3.6% | +9.1% |
| 2015 | 3.2% | -11.1% |
| 2016 | 0.2% | -93.8% |
| 2017 | 7.5% | +3650.0% |
| 2018 | 5.2% | -30.7% |
| 2019 | 7.6% | +46.2% |
| 2020 | -7.2% | -194.7% |
| 2021 | 5.8% | -180.6% |
| 2022 | 12.6% | +117.2% |
| 2023 | 8.3% | -34.1% |
| 2024 | 5.9% | -28.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | -14.1% | 14.0% | 10 |
| 2010s | 4.5% | 0.2% | 7.6% | 10 |
| 2020s | 5.1% | -7.2% | 12.6% | 5 |
Countries ranked near Armenia
- 21 Uganda 6.1% compare
- 22 Cambodia 6.0% compare
- 23 Bermuda 6.0% compare
- 25 Cayman Islands 5.8% compare
- 26 Philippines 5.7% compare
- 27 Turks and Caicos Islands 5.6% compare
More economy & growth data for Armenia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- GNI, Atlas method (current US$), annual growth rate 17.51 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9523 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 9,022 current US$ per person (2025)
- GNI (current US$), annual growth rate 13.29 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9702 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 9,192 current US$ per person (2025)
- GNI (current LCU), annual growth rate 11.64 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 375.49 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Armenia?
- Annual gdp growth in Armenia was 5.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Armenia?
- The highest recorded value was 14.0% in 2003.
- What is the lowest annual gdp growth recorded in Armenia?
- The lowest recorded value was -14.1% in 2009.
- How does Armenia rank for annual gdp growth?
- Armenia ranks 24th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Armenia?
- Over the last ten years it is up 63.9%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).