Annual growth of households and NPISHs final consumption expenditure in Armenia
Armenia: Annual growth of households and NPISHs final consumption expenditure was 7.9% in 2024. ◆ Volatile
Annual growth of households and NPISHs final consumption expenditure in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual growth of households and npishs final consumption expenditure in Armenia is 7.9%, measured in 2024.
That represents a change of up 27.4% on the previous year and up 393.8% over ten years.
Over the whole period, annual growth of households and npishs final consumption expenditure in Armenia peaked at 14.0% in 2017 and was at its lowest, -14.0%, in 2020.
That places Armenia 24th out of 185 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of households and NPISHs final consumption expenditure in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 8.2% | — |
| 2001 | 7.2% | -12.3% |
| 2002 | 8.3% | +15.0% |
| 2003 | 7.3% | -12.3% |
| 2004 | 8.9% | +22.6% |
| 2005 | 9.1% | +2.1% |
| 2006 | 8.3% | -8.8% |
| 2007 | 13.2% | +59.5% |
| 2008 | 5.4% | -59.4% |
| 2009 | -4.5% | -183.3% |
| 2010 | 3.8% | -185.1% |
| 2011 | 2.4% | -36.8% |
| 2012 | 9.1% | +278.4% |
| 2013 | 1.7% | -81.3% |
| 2014 | 1.6% | -5.9% |
| 2015 | -7.5% | -568.7% |
| 2016 | -2.1% | -72.0% |
| 2017 | 14.0% | -766.7% |
| 2018 | 4.8% | -65.7% |
| 2019 | 11.5% | +139.6% |
| 2020 | -14.0% | -221.7% |
| 2021 | 2.7% | -119.3% |
| 2022 | 5.6% | +107.4% |
| 2023 | 6.2% | +10.7% |
| 2024 | 7.9% | +27.4% |
Armenia compared with similar countries
- Armenia's 7.9% is above the median for upper middle income countries, which is 4.5%, 1.8× the median. (46 countries reporting)
- Armenia's 7.9% is above the median for Europe & Central Asia, which is 2.2%, 3.6× the median. (49 countries reporting)
Biggest year-on-year movements
Years where Annual growth of households and NPISHs final consumption expenditure 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 |
|---|---|---|---|
| 2017 | +766.7% | -2.1% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.1% | -4.5% | 13.2% | 10 |
| 2010s | 3.9% | -7.5% | 14.0% | 10 |
| 2020s | 1.7% | -14.0% | 7.9% | 5 |
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)
- 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 households and npishs final consumption expenditure in Armenia?
- Annual growth of households and npishs final consumption expenditure in Armenia was 7.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of households and npishs final consumption expenditure recorded in Armenia?
- The highest recorded value was 14.0% in 2017.
- What is the lowest annual growth of households and npishs final consumption expenditure recorded in Armenia?
- The lowest recorded value was -14.0% in 2020.
- How does Armenia rank for annual growth of households and npishs final consumption expenditure?
- Armenia ranks 24th out of 185 countries with data for 2024.
- Is annual growth of households and npishs final consumption expenditure rising or falling in Armenia?
- Over the last ten years it is up 393.8%. 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 households and NPISHs final consumption expenditure (%). Statizoid updates them automatically from the source API.
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