Annual growth of the general government final consumption expenditure in Armenia
Armenia: Annual growth of the general government final consumption expenditure was -9.5% in 2024. ◆ Volatile
Latest (2024)
-9.5%
Change on year
down 193.1%
World rank
176th
of 181 countries
All-time high
18.6%
in 2005
All-time low
-9.5%
in 2024
Years of data
25
2000–2024
Annual growth of the general government final consumption expenditure in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Armenia recorded -9.5% for annual growth of the general government final consumption expenditure in 2024. That is the lowest value across all 25 years on record.
The figure is down 193.1% on the previous year and down 691.7% over ten years.
Over the whole period, annual growth of the general government final consumption expenditure in Armenia peaked at 18.6% in 2005 and was at its lowest, -9.5%, in 2024.
Armenia ranks 176th of 181 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of the general government final consumption expenditure in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 4.1% | — |
| 2001 | 3.7% | -9.8% |
| 2002 | 4.5% | +22.9% |
| 2003 | 11.9% | +161.5% |
| 2004 | 10.7% | -10.2% |
| 2005 | 18.6% | +74.7% |
| 2006 | 13.6% | -26.9% |
| 2007 | 5.3% | -61.4% |
| 2008 | -1.4% | -126.0% |
| 2009 | -0.9% | -33.0% |
| 2010 | 3.9% | -529.5% |
| 2011 | 5.8% | +48.5% |
| 2012 | -0.8% | -114.4% |
| 2013 | 7.6% | -1001.9% |
| 2014 | -1.2% | -115.8% |
| 2015 | 4.7% | -491.7% |
| 2016 | -2.4% | -151.1% |
| 2017 | -2.1% | -12.5% |
| 2018 | -3.0% | +42.9% |
| 2019 | 12.9% | -530.0% |
| 2020 | 9.2% | -28.7% |
| 2021 | -6.2% | -167.4% |
| 2022 | -2.2% | -64.5% |
| 2023 | 10.2% | -563.6% |
| 2024 | -9.5% | -193.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.0% | -1.4% | 18.6% | 10 |
| 2010s | 2.5% | -3.0% | 12.9% | 10 |
| 2020s | 0.3% | -9.5% | 10.2% | 5 |
Countries ranked near Armenia
- 173 Madagascar -8.2% compare
- 174 Pakistan -8.7% compare
- 175 Tajikistan -9.1% compare
- 177 San Marino -16.9% compare
- 178 Lebanon -18.4% compare
- 179 State of Palestine -25.0% 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 the general government final consumption expenditure in Armenia?
- Annual growth of the general government final consumption expenditure in Armenia was -9.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the general government final consumption expenditure recorded in Armenia?
- The highest recorded value was 18.6% in 2005.
- What is the lowest annual growth of the general government final consumption expenditure recorded in Armenia?
- The lowest recorded value was -9.5% in 2024.
- How does Armenia rank for annual growth of the general government final consumption expenditure?
- Armenia ranks 176th out of 181 countries with data for 2024.
- Is annual growth of the general government final consumption expenditure rising or falling in Armenia?
- Over the last ten years it is down 691.7%. 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 the general government final consumption expenditure (%). Statizoid updates them automatically from the source API.
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