Annual growth of imports of goods and services in Armenia
Armenia: Annual growth of imports of goods and services was 28.3% in 2024. ◆ Volatile
Latest (2024)
28.3%
Change on year
down 20.1%
World rank
6th
of 176 countries
All-time high
35.4%
in 2023
All-time low
-31.5%
in 2020
Years of data
25
2000–2024
Annual growth of imports of goods and services in Armenia, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Armenia recorded 28.3% for annual growth of imports of goods and services in 2024.
The figure is down 20.1% on the previous year and up 1,148.2% over ten years.
Over the whole period, annual growth of imports of goods and services in Armenia peaked at 35.4% in 2023 and was at its lowest, -31.5%, in 2020.
Armenia ranks 6th of 176 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 imports of goods and services in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 7.0% | — |
| 2001 | 6.9% | -2.1% |
| 2002 | 18.2% | +165.6% |
| 2003 | 27.4% | +50.2% |
| 2004 | -3.3% | -111.9% |
| 2005 | 14.2% | -533.0% |
| 2006 | 3.8% | -73.4% |
| 2007 | 13.0% | +245.5% |
| 2008 | 7.3% | -44.0% |
| 2009 | -19.1% | -363.0% |
| 2010 | 12.8% | -166.8% |
| 2011 | -2.3% | -118.0% |
| 2012 | -2.7% | +18.7% |
| 2013 | 0.0% | -100.0% |
| 2014 | -2.7% | — |
| 2015 | -15.3% | +466.7% |
| 2016 | 6.3% | -141.2% |
| 2017 | 24.6% | +290.5% |
| 2018 | 13.3% | -45.9% |
| 2019 | 11.6% | -12.8% |
| 2020 | -31.5% | -371.6% |
| 2021 | 12.9% | -141.0% |
| 2022 | 35.0% | +171.3% |
| 2023 | 35.4% | +1.1% |
| 2024 | 28.3% | -20.1% |
Armenia compared with similar countries
- Armenia's 28.3% is above the median for upper middle income countries, which is 5.5%, 5.2× the median. (48 countries reporting)
- Armenia's 28.3% is above the median for Europe & Central Asia, which is 2.5%, 11.3× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.5% | -19.1% | 27.4% | 10 |
| 2010s | 4.6% | -15.3% | 24.6% | 10 |
| 2020s | 16.0% | -31.5% | 35.4% | 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 imports of goods and services in Armenia?
- Annual growth of imports of goods and services in Armenia was 28.3% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Armenia?
- The highest recorded value was 35.4% in 2023.
- What is the lowest annual growth of imports of goods and services recorded in Armenia?
- The lowest recorded value was -31.5% in 2020.
- How does Armenia rank for annual growth of imports of goods and services?
- Armenia ranks 6th out of 176 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Armenia?
- Over the last ten years it is up 1,148.2%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).