GDP (constant LCU) (UNICEF) in Armenia
Armenia: GDP (constant LCU) (UNICEF) was 7.28 trillion in 2024. ▲ Rising
GDP in Armenia, 1990–2024
Source: UNICEF.
Analysis
In 2024, gdp in Armenia stood at 7.28 trillion. That is the highest value across all 35 years on record.
That represents a change of up 5.9% on the previous year and up 59.5% over ten years.
Over the whole period, gdp in Armenia peaked at 7.28 trillion in 2024 and was at its lowest, 1.22 trillion, in 1993.
That places Armenia 10th out of 74 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
GDP (constant LCU) (UNICEF) in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 2.61 trillion | — |
| 1991 | 2.30 trillion | -11.7% |
| 1992 | 1.34 trillion | -41.8% |
| 1993 | 1.22 trillion | -8.8% |
| 1994 | 1.29 trillion | +5.4% |
| 1995 | 1.38 trillion | +6.9% |
| 1996 | 1.46 trillion | +5.9% |
| 1997 | 1.51 trillion | +3.3% |
| 1998 | 1.62 trillion | +7.3% |
| 1999 | 1.67 trillion | +3.3% |
| 2000 | 1.77 trillion | +5.9% |
| 2001 | 1.94 trillion | +9.6% |
| 2002 | 2.19 trillion | +13.2% |
| 2003 | 2.50 trillion | +14.0% |
| 2004 | 2.76 trillion | +10.5% |
| 2005 | 3.15 trillion | +13.9% |
| 2006 | 3.56 trillion | +13.2% |
| 2007 | 4.05 trillion | +13.7% |
| 2008 | 4.33 trillion | +6.9% |
| 2009 | 3.72 trillion | -14.1% |
| 2010 | 3.80 trillion | +2.2% |
| 2011 | 3.98 trillion | +4.7% |
| 2012 | 4.27 trillion | +7.2% |
| 2013 | 4.41 trillion | +3.3% |
| 2014 | 4.57 trillion | +3.6% |
| 2015 | 4.71 trillion | +3.2% |
| 2016 | 4.72 trillion | +0.2% |
| 2017 | 5.08 trillion | +7.5% |
| 2018 | 5.34 trillion | +5.2% |
| 2019 | 5.75 trillion | +7.6% |
| 2020 | 5.33 trillion | -7.2% |
| 2021 | 5.64 trillion | +5.8% |
| 2022 | 6.35 trillion | +12.6% |
| 2023 | 6.88 trillion | +8.3% |
| 2024 | 7.28 trillion | +5.9% |
Armenia compared with similar countries
- Armenia's 7.28 trillion is above the median for upper middle income countries, which is 508.57 billion, 14.3× the median. (19 countries reporting)
- Armenia's 7.28 trillion is above the median for Europe & Central Asia, which is 490.93 billion, 14.8× the median. (52 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU) (UNICEF) 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 | -41.8% | 2.30 trillion | 1.34 trillion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.64 trillion | 1.22 trillion | 2.61 trillion | 10 |
| 2000s | 3.00 trillion | 1.77 trillion | 4.33 trillion | 10 |
| 2010s | 4.66 trillion | 3.80 trillion | 5.75 trillion | 10 |
| 2020s | 6.30 trillion | 5.33 trillion | 7.28 trillion | 5 |
Countries ranked near Armenia
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 gdp in Armenia?
- Gdp in Armenia was 7.28 trillion in 2024, according to UNICEF.
- What is the highest gdp recorded in Armenia?
- The highest recorded value was 7.28 trillion in 2024.
- What is the lowest gdp recorded in Armenia?
- The lowest recorded value was 1.22 trillion in 1993.
- How does Armenia rank for gdp?
- Armenia ranks 10th out of 74 countries with data for 2024.
- Is gdp rising or falling in Armenia?
- Over the last ten years it is up 59.5%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from UNICEF, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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