Annual growth rate of real GDP per capita in Armenia
Armenia: Annual growth rate of real GDP per capita was 4.8% in 2024. ◆ Volatile
Latest (2024)
4.8%
Change on year
down 20.0%
World rank
28th
of 226 countries
All-time high
16.1%
in 2002
All-time low
-13.7%
in 2009
Years of data
25
2000–2024
Annual growth rate of real GDP per capita in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, annual growth rate of real gdp per capita in Armenia stood at 4.8%.
That represents a change of down 20.0% on the previous year and up 33.3% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Armenia peaked at 16.1% in 2002 and was at its lowest, -13.7%, in 2009.
That places Armenia 28th out of 226 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 rate of real GDP per capita in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 7.3% | — |
| 2001 | 11.0% | +50.7% |
| 2002 | 16.1% | +46.4% |
| 2003 | 14.7% | -8.7% |
| 2004 | 11.1% | -24.5% |
| 2005 | 14.5% | +30.6% |
| 2006 | 13.8% | -4.8% |
| 2007 | 14.3% | +3.6% |
| 2008 | 7.5% | -47.6% |
| 2009 | -13.7% | -282.7% |
| 2010 | 2.7% | -119.7% |
| 2011 | 4.9% | +81.5% |
| 2012 | 7.2% | +46.9% |
| 2013 | 3.3% | -54.2% |
| 2014 | 3.6% | +9.1% |
| 2015 | 3.3% | -8.3% |
| 2016 | 0.3% | -90.9% |
| 2017 | 7.7% | +2466.7% |
| 2018 | 5.4% | -29.9% |
| 2019 | 7.9% | +46.3% |
| 2020 | -6.7% | -184.8% |
| 2021 | 6.6% | -198.5% |
| 2022 | 12.2% | +84.8% |
| 2023 | 6.0% | -50.8% |
| 2024 | 4.8% | -20.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.7% | -13.7% | 16.1% | 10 |
| 2010s | 4.6% | 0.3% | 7.9% | 10 |
| 2020s | 4.6% | -6.7% | 12.2% | 5 |
Countries ranked near Armenia
- 28 Albania 4.8% compare
- 28 Benin 4.8% compare
- 28 Philippines 4.8% compare
- 28 Russian Federation 4.8% compare
- 28 Saint Vincent and the Grenadines 4.8% compare
- 28 Russian Federation 4.8% 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 rate of real gdp per capita in Armenia?
- Annual growth rate of real gdp per capita in Armenia was 4.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Armenia?
- The highest recorded value was 16.1% in 2002.
- What is the lowest annual growth rate of real gdp per capita recorded in Armenia?
- The lowest recorded value was -13.7% in 2009.
- How does Armenia rank for annual growth rate of real gdp per capita?
- Armenia ranks 28th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Armenia?
- Over the last ten years it is up 33.3%. 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 rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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