Annual growth of general government final consumption expenditure in Armenia
Armenia: Annual growth of general government final consumption expenditure was 28.3 in 2023. ◆ Volatile
Annual growth of general government final consumption expenditure in Armenia, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for annual growth of general government final consumption expenditure in Armenia is 28.3, measured in 2023. That is the highest value across all 24 years on record.
That represents a change of up 1,386.4% on the previous year and up 272.4% over ten years.
Over the whole period, annual growth of general government final consumption expenditure in Armenia peaked at 28.3 in 2023 and was at its lowest, -6.2, in 2021.
Armenia ranks 4th of 167 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 general government final consumption expenditure in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.1 | — |
| 2001 | 3.69 | -10.0% |
| 2002 | 4.54 | +23.0% |
| 2003 | 11.87 | +161.5% |
| 2004 | 10.66 | -10.2% |
| 2005 | 18.63 | +74.8% |
| 2006 | 13.63 | -26.8% |
| 2007 | 5.26 | -61.4% |
| 2008 | -1.37 | -126.0% |
| 2009 | -0.91 | -33.6% |
| 2010 | 3.93 | -531.9% |
| 2011 | 5.83 | +48.3% |
| 2012 | -0.84 | -114.4% |
| 2013 | 7.6 | -1004.8% |
| 2014 | -1.2 | -115.8% |
| 2015 | 4.7 | -491.7% |
| 2016 | -2.4 | -151.1% |
| 2017 | -2.1 | -12.5% |
| 2018 | -3 | +42.9% |
| 2019 | 12.9 | -530.0% |
| 2020 | 9.2 | -28.7% |
| 2021 | -6.2 | -167.4% |
| 2022 | -2.2 | -64.5% |
| 2023 | 28.3 | -1386.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.01 | -1.37 | 18.63 | 10 |
| 2010s | 2.54 | -3 | 12.9 | 10 |
| 2020s | 7.28 | -6.2 | 28.3 | 4 |
Countries ranked near Armenia
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)
- Imports of goods and services (constant 2015 US$), annual growth rate -23.7 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3514 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 3,329 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -120.54 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -117.32 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 12.86 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 30.71 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 290,928 current LCU per person (2025)
Frequently asked questions
- What is annual growth of general government final consumption expenditure in Armenia?
- Annual growth of general government final consumption expenditure in Armenia was 28.3 in 2023, according to Our World in Data.
- What is the highest annual growth of general government final consumption expenditure recorded in Armenia?
- The highest recorded value was 28.3 in 2023.
- What is the lowest annual growth of general government final consumption expenditure recorded in Armenia?
- The lowest recorded value was -6.2 in 2021.
- How does Armenia rank for annual growth of general government final consumption expenditure?
- Armenia ranks 4th out of 167 countries with data for 2023.
- Is annual growth of general government final consumption expenditure rising or falling in Armenia?
- Over the last ten years it is up 272.4%. 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 growth of general government final consumption expenditure. Statizoid updates them automatically from the source API.
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