Divergence of GDP per capita among latecomers to the capitalist revolution in Armenia
Armenia: Divergence of GDP per capita among latecomers to the capitalist revolution was 11,454 2011$ in 2018. ▬ Flat
Divergence of GDP per capita among latecomers to the capitalist revolution in Armenia, 1973–2018
Source: Maddison Project Database (2018) – processed by Our World in Data. Measured in 2011$.
Analysis
The most recent figure for divergence of gdp per capita among latecomers to the capitalist revolution in Armenia is 11,454 2011$, measured in 2018. That is the highest value across all 40 years on record.
That represents a change of up 5.5% on the previous year and up 13.6% over ten years.
Over the whole period, divergence of gdp per capita among latecomers to the capitalist revolution in Armenia peaked at 11,454 2011$ in 2018 and was at its lowest, 4,130 2011$, in 1993.
That places Armenia 83rd out of 145 countries with data for 2018, putting it in the middle of the range.
Divergence of GDP per capita among latecomers to the capitalist revolution in Armenia, year by year
| Year | 2011$ | Change |
|---|---|---|
| 1973 | 9,806 2011$ | — |
| 1980 | 9,291 2011$ | -5.3% |
| 1981 | 9,548 2011$ | +2.8% |
| 1982 | 9,809 2011$ | +2.7% |
| 1983 | 9,865 2011$ | +0.6% |
| 1984 | 10,181 2011$ | +3.2% |
| 1985 | 10,485 2011$ | +3.0% |
| 1986 | 10,394 2011$ | -0.9% |
| 1987 | 9,789 2011$ | -5.8% |
| 1988 | 9,301 2011$ | -5.0% |
| 1989 | 10,525 2011$ | +13.2% |
| 1990 | 9,669 2011$ | -8.1% |
| 1991 | 8,142 2011$ | -15.8% |
| 1992 | 4,700 2011$ | -42.3% |
| 1993 | 4,130 2011$ | -12.1% |
| 1994 | 4,393 2011$ | +6.4% |
| 1995 | 4,703 2011$ | +7.1% |
| 1996 | 4,811 2011$ | +2.3% |
| 1997 | 4,836 2011$ | +0.5% |
| 1998 | 4,994 2011$ | +3.3% |
| 1999 | 5,000 2011$ | +0.1% |
| 2000 | 5,140 2011$ | +2.8% |
| 2001 | 5,458 2011$ | +6.2% |
| 2002 | 6,082 2011$ | +11.4% |
| 2003 | 6,743 2011$ | +10.9% |
| 2004 | 7,230 2011$ | +7.2% |
| 2005 | 8,007 2011$ | +10.8% |
| 2006 | 8,799 2011$ | +9.9% |
| 2007 | 9,713 2011$ | +10.4% |
| 2008 | 10,081 2011$ | +3.8% |
| 2009 | 8,399 2011$ | -16.7% |
| 2010 | 8,331 2011$ | -0.8% |
| 2011 | 8,465 2011$ | +1.6% |
| 2012 | 9,077 2011$ | +7.2% |
| 2013 | 9,385 2011$ | +3.4% |
| 2014 | 9,735 2011$ | +3.7% |
| 2015 | 10,042 2011$ | +3.2% |
| 2016 | 10,080 2011$ | +0.4% |
| 2017 | 10,859 2011$ | +7.7% |
| 2018 | 11,454 2011$ | +5.5% |
Armenia compared with similar countries
- Armenia's 11,454 2011$ is below the median for upper middle income countries, which is 13,242 2011$, 86% of the median. (42 countries reporting)
- Armenia's 11,454 2011$ is below the median for Europe & Central Asia, which is 27,056 2011$, 42% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Divergence of GDP per capita among latecomers to the capitalist revolution in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | -42.3% | 8,142 2011$ | 4,700 2011$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,806 2011$ | 9,806 2011$ | 9,806 2011$ | 1 |
| 1980s | 9,919 2011$ | 9,291 2011$ | 10,525 2011$ | 10 |
| 1990s | 5,538 2011$ | 4,130 2011$ | 9,669 2011$ | 10 |
| 2000s | 7,565 2011$ | 5,140 2011$ | 10,081 2011$ | 10 |
| 2010s | 9,714 2011$ | 8,331 2011$ | 11,454 2011$ | 9 |
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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is divergence of gdp per capita among latecomers to the capitalist revolution in Armenia?
- Divergence of gdp per capita among latecomers to the capitalist revolution in Armenia was 11,454 2011$ in 2018, according to Maddison Project Database (2018) – processed by Our World in Data.
- What is the highest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Armenia?
- The highest recorded value was 11,454 2011$ in 2018.
- What is the lowest divergence of gdp per capita among latecomers to the capitalist revolution recorded in Armenia?
- The lowest recorded value was 4,130 2011$ in 1993.
- How does Armenia rank for divergence of gdp per capita among latecomers to the capitalist revolution?
- Armenia ranks 83rd out of 145 countries with data for 2018.
- Is divergence of gdp per capita among latecomers to the capitalist revolution rising or falling in Armenia?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is flat.
- Where does this Armenia data come from?
- The figures come from Maddison Project Database (2018) – processed by Our World in Data, published as part of Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid updates them automatically from the source API.
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About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]