Annual growth of exports of goods and services in Armenia
Armenia: Annual growth of exports of goods and services was 27.6% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Armenia recorded 27.6% for annual growth of exports of goods and services in 2024.
Compared with earlier readings it is down 22.9% on the previous year and up 331.2% over ten years.
Over the whole period, annual growth of exports of goods and services in Armenia peaked at 59.9% in 2022 and was at its lowest, -33.5%, in 2020.
Armenia ranks 17th of 186 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 18.8% | — |
| 2001 | 27.3% | +45.3% |
| 2002 | 34.4% | +26.3% |
| 2003 | 30.6% | -11.2% |
| 2004 | -2.5% | -108.2% |
| 2005 | 16.3% | -750.3% |
| 2006 | -7.3% | -145.1% |
| 2007 | -3.5% | -52.2% |
| 2008 | -13.1% | +272.8% |
| 2009 | -10.4% | -20.2% |
| 2010 | 26.5% | -353.9% |
| 2011 | 14.9% | -43.8% |
| 2012 | 9.1% | -38.7% |
| 2013 | 8.6% | -5.9% |
| 2014 | 6.4% | -25.6% |
| 2015 | 4.9% | -23.4% |
| 2016 | 21.3% | +334.7% |
| 2017 | 19.3% | -9.4% |
| 2018 | 5.0% | -74.1% |
| 2019 | 16.0% | +220.0% |
| 2020 | -33.5% | -309.4% |
| 2021 | 18.6% | -155.5% |
| 2022 | 59.9% | +222.0% |
| 2023 | 35.8% | -40.2% |
| 2024 | 27.6% | -22.9% |
Armenia compared with similar countries
- Armenia's 27.6% is above the median for upper middle income countries, which is 3.1%, 8.8× the median. (46 countries reporting)
- Armenia's 27.6% is above the median for Europe & Central Asia, which is 1.2%, 22.1× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +750.3% | -2.5% | 16.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.0% | -13.1% | 34.4% | 10 |
| 2010s | 13.2% | 4.9% | 26.5% | 10 |
| 2020s | 21.7% | -33.5% | 59.9% | 5 |
Countries ranked near Armenia
- 14 Syrian Arab Republic 30.7% compare
- 14 Syrian Arab Republic 30.7% compare
- 16 Bhutan 30.7% compare
- 18 Côte d'Ivoire 25.1% compare
- 18 Côte d'Ivoire 25.1% compare
- 20 Kyrgyzstan 22.9% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 252.31 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 605.13 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 359.96 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0207 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 196.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Armenia?
- Annual growth of exports of goods and services in Armenia was 27.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Armenia?
- The highest recorded value was 59.9% in 2022.
- What is the lowest annual growth of exports of goods and services recorded in Armenia?
- The lowest recorded value was -33.5% in 2020.
- How does Armenia rank for annual growth of exports of goods and services?
- Armenia ranks 17th out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Armenia?
- Over the last ten years it is up 331.2%. 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 growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
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