Annual gdp growth in Armenia
Armenia: Annual gdp growth was 8.3 in 2023. ◆ Volatile
Latest (2023)
8.3
Change on year
down 34.1%
World rank
8th
of 211 countries
All-time high
14
in 2003
All-time low
-14.1
in 2009
Years of data
24
2000–2023
Annual gdp growth in Armenia, 2000–2023
Source: Our World in Data.
Analysis
Armenia recorded 8.3 for annual gdp growth in 2023.
Compared with earlier readings it is down 34.1% on the previous year and up 151.5% over ten years.
Over the whole period, annual gdp growth in Armenia peaked at 14 in 2003 and was at its lowest, -14.1, in 2009.
Armenia ranks 8th of 211 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.68 | -14.1 | 14 | 10 |
| 2010s | 4.47 | 0.2 | 7.6 | 10 |
| 2020s | 4.88 | -7.2 | 12.6 | 4 |
Countries ranked near Armenia
More economy & growth data for Armenia
- External balance on goods and services as a percent of gdp -5.51 (2025)
- Inflation of consumer prices 3.31 (2025)
- Gdp per capita worldbank constant usd 5,666 (2025)
- Manufacturing value added to gdp 10.99 (2025)
- Gdp worldbank constant usd 17.49 billion (2025)
- Gdp per capita in international and market dollars 5,666 (2025)
- DEC alternative conversion factor 387.01 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 134.65 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 347.93 million current US$ (2025)
- Taxes less subsidies on products 1.20 trillion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Armenia?
- Annual gdp growth in Armenia was 8.3 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Armenia?
- The highest recorded value was 14 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 8th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Armenia?
- Over the last ten years it is up 151.5%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).