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
Annual growth rate of real GDP per capita in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 228 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 | % | 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% |
Armenia compared with similar countries
- Armenia's 4.8% is above the median for upper middle income countries, which is 2.9%, 1.7× the median. (55 countries reporting)
- Armenia's 4.8% is above the median for Europe & Central Asia, which is 2.2%, 2.1× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita (%) 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 | +2466.7% | 0.3% | 7.7% |
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 Russia 4.8% compare
More economy & growth data for Armenia
- Real gdp growth, annual growth rate 22.28 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate -34.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -37.57 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2994 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -31.41 % 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 228 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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