Annual growth of the gross capital formation in Armenia
Armenia: Annual growth of the gross capital formation was 11.3% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Armenia, 2000–2024
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of the gross capital formation in Armenia is 11.3%, measured in 2024.
The figure is down 19.3% on the previous year and up 1,714.3% over ten years.
Over the whole period, annual growth of the gross capital formation in Armenia peaked at 49.2% in 2003 and was at its lowest, -38.7%, in 2009.
That places Armenia 27th out of 167 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 the gross capital formation in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -10.7% | — |
| 2001 | -1.0% | -90.6% |
| 2002 | 37.0% | -3766.3% |
| 2003 | 49.2% | +33.0% |
| 2004 | 5.3% | -89.1% |
| 2005 | 25.3% | +373.6% |
| 2006 | 32.5% | +28.4% |
| 2007 | 29.0% | -10.9% |
| 2008 | 23.1% | -20.2% |
| 2009 | -38.7% | -267.2% |
| 2010 | -3.0% | -92.1% |
| 2011 | -8.0% | +163.5% |
| 2012 | -11.5% | +43.9% |
| 2013 | -7.2% | -37.6% |
| 2014 | -0.7% | -90.3% |
| 2015 | -3.2% | +357.1% |
| 2016 | -8.7% | +171.9% |
| 2017 | 10.3% | -218.4% |
| 2018 | 34.5% | +235.0% |
| 2019 | -14.3% | -141.4% |
| 2020 | -0.5% | -96.5% |
| 2021 | 21.5% | -4400.0% |
| 2022 | 11.8% | -45.1% |
| 2023 | 14.0% | +18.6% |
| 2024 | 11.3% | -19.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.1% | -38.7% | 49.2% | 10 |
| 2010s | -1.2% | -14.3% | 34.5% | 10 |
| 2020s | 11.6% | -0.5% | 21.5% | 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)
- Gross capital formation (current US$), annual growth rate 14.45 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2421 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 2,294 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.79 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 93.7 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 887,692 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 15.6 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1709 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual growth of the gross capital formation in Armenia?
- Annual growth of the gross capital formation in Armenia was 11.3% in 2024, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of the gross capital formation recorded in Armenia?
- The highest recorded value was 49.2% in 2003.
- What is the lowest annual growth of the gross capital formation recorded in Armenia?
- The lowest recorded value was -38.7% in 2009.
- How does Armenia rank for annual growth of the gross capital formation?
- Armenia ranks 27th out of 167 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Armenia?
- Over the last ten years it is up 1,714.3%. 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 the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).