Gross domestic product (GDP) in Armenia
Armenia: Gross domestic product (GDP) was 39.72 billion international-$ in 2011 prices in 2022. ▲ Rising
Gross domestic product (GDP) in Armenia, 1973–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in Armenia stood at 39.72 billion international-$ in 2011 prices. That is the highest value across all 44 years on record.
Compared with earlier readings it is up 12.6% on the previous year and up 49.1% over ten years.
Over the whole period, gross domestic product (gdp) in Armenia peaked at 39.72 billion international-$ in 2011 prices in 2022 and was at its lowest, 13.15 billion international-$ in 2011 prices, in 1993.
That places Armenia 116th out of 165 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.60 billion international-$ in 2011 prices | 26.60 billion international-$ in 2011 prices | 26.60 billion international-$ in 2011 prices | 1 |
| 1980s | 32.94 billion international-$ in 2011 prices | 28.94 billion international-$ in 2011 prices | 35.57 billion international-$ in 2011 prices | 10 |
| 1990s | 17.55 billion international-$ in 2011 prices | 13.15 billion international-$ in 2011 prices | 32.65 billion international-$ in 2011 prices | 10 |
| 2000s | 22.33 billion international-$ in 2011 prices | 15.24 billion international-$ in 2011 prices | 29.67 billion international-$ in 2011 prices | 10 |
| 2010s | 29.21 billion international-$ in 2011 prices | 24.49 billion international-$ in 2011 prices | 35.95 billion international-$ in 2011 prices | 10 |
| 2020s | 36.13 billion international-$ in 2011 prices | 33.38 billion international-$ in 2011 prices | 39.72 billion international-$ in 2011 prices | 3 |
Countries ranked near Armenia
- 113 Mongolia 44.81 billion international-$ in 2011 prices compare
- 114 North Korea 40.49 billion international-$ in 2011 prices compare
- 115 Estonia 40.00 billion international-$ in 2011 prices compare
- 117 Botswana 39.29 billion international-$ in 2011 prices compare
- 118 Madagascar 38.60 billion international-$ in 2011 prices compare
- 119 Trinidad and Tobago 37.51 billion international-$ in 2011 prices compare
More economy & growth data for Armenia
- External balance on goods and services as a percent of GDP -5.5% (2025)
- Inflation of consumer prices 3.3% (2025)
- GDP per capita 5,666 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 11.0% (2025)
- Gross domestic product (GDP) 17.49 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 5,666 constant 2015 US$ (2025)
- DEC alternative conversion factor 387.01 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 134.65 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 347.93 million current US$ (2025)
- Taxes less subsidies on products 1.20 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Armenia?
- Gross domestic product (gdp) in Armenia was 39.72 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Armenia?
- The highest recorded value was 39.72 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Armenia?
- The lowest recorded value was 13.15 billion international-$ in 2011 prices in 1993.
- How does Armenia rank for gross domestic product (gdp)?
- Armenia ranks 116th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Armenia?
- Over the last ten years it is up 49.1%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.