Gross domestic product (GDP) in Armenia
Armenia: Gross domestic product (GDP) was 39.72 billion international-$ in 2011 prices in 2022. ▲ Rising
Latest (2022)
39.72 billion international-$ in 2011 prices
Change on year
up 12.6%
World rank
117th
of 166 countries
All-time high
39.72 billion international-$ in 2011 prices
in 2022
All-time low
13.15 billion international-$ in 2011 prices
in 1993
Years of data
44
1973–2022
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 117th out of 166 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.
Gross domestic product (GDP) in Armenia, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1973 | 26.60 billion international-$ in 2011 prices | — |
| 1980 | 28.94 billion international-$ in 2011 prices | +8.8% |
| 1981 | 30.23 billion international-$ in 2011 prices | +4.4% |
| 1982 | 31.57 billion international-$ in 2011 prices | +4.4% |
| 1983 | 32.26 billion international-$ in 2011 prices | +2.2% |
| 1984 | 33.83 billion international-$ in 2011 prices | +4.9% |
| 1985 | 35.37 billion international-$ in 2011 prices | +4.6% |
| 1986 | 35.57 billion international-$ in 2011 prices | +0.6% |
| 1987 | 33.96 billion international-$ in 2011 prices | -4.5% |
| 1988 | 32.70 billion international-$ in 2011 prices | -3.7% |
| 1989 | 35.01 billion international-$ in 2011 prices | +7.1% |
| 1990 | 32.65 billion international-$ in 2011 prices | -6.7% |
| 1991 | 27.96 billion international-$ in 2011 prices | -14.4% |
| 1992 | 15.78 billion international-$ in 2011 prices | -43.6% |
| 1993 | 13.15 billion international-$ in 2011 prices | -16.6% |
| 1994 | 13.44 billion international-$ in 2011 prices | +2.2% |
| 1995 | 14.09 billion international-$ in 2011 prices | +4.8% |
| 1996 | 14.36 billion international-$ in 2011 prices | +2.0% |
| 1997 | 14.40 billion international-$ in 2011 prices | +0.3% |
| 1998 | 14.84 billion international-$ in 2011 prices | +3.1% |
| 1999 | 14.85 billion international-$ in 2011 prices | +0.1% |
| 2000 | 15.24 billion international-$ in 2011 prices | +2.7% |
| 2001 | 16.18 billion international-$ in 2011 prices | +6.2% |
| 2002 | 18.02 billion international-$ in 2011 prices | +11.3% |
| 2003 | 19.93 billion international-$ in 2011 prices | +10.6% |
| 2004 | 21.35 billion international-$ in 2011 prices | +7.1% |
| 2005 | 23.63 billion international-$ in 2011 prices | +10.7% |
| 2006 | 25.94 billion international-$ in 2011 prices | +9.8% |
| 2007 | 28.61 billion international-$ in 2011 prices | +10.3% |
| 2008 | 29.67 billion international-$ in 2011 prices | +3.7% |
| 2009 | 24.70 billion international-$ in 2011 prices | -16.7% |
| 2010 | 24.49 billion international-$ in 2011 prices | -0.9% |
| 2011 | 24.86 billion international-$ in 2011 prices | +1.5% |
| 2012 | 26.63 billion international-$ in 2011 prices | +7.1% |
| 2013 | 27.54 billion international-$ in 2011 prices | +3.4% |
| 2014 | 28.54 billion international-$ in 2011 prices | +3.6% |
| 2015 | 29.46 billion international-$ in 2011 prices | +3.3% |
| 2016 | 29.52 billion international-$ in 2011 prices | +0.2% |
| 2017 | 31.74 billion international-$ in 2011 prices | +7.5% |
| 2018 | 33.40 billion international-$ in 2011 prices | +5.2% |
| 2019 | 35.95 billion international-$ in 2011 prices | +7.6% |
| 2020 | 33.38 billion international-$ in 2011 prices | -7.2% |
| 2021 | 35.28 billion international-$ in 2011 prices | +5.7% |
| 2022 | 39.72 billion international-$ in 2011 prices | +12.6% |
Armenia compared with similar countries
- Armenia's 39.72 billion international-$ in 2011 prices is below the median for upper middle income countries, which is 146.22 billion international-$ in 2011 prices, 27% of the median. (47 countries reporting)
- Armenia's 39.72 billion international-$ in 2011 prices is below the median for Europe & Central Asia, which is 245.02 billion international-$ in 2011 prices, 16% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP) 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 | -43.6% | 27.96 billion international-$ in 2011 prices | 15.78 billion international-$ in 2011 prices |
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
- 114 Mongolia 44.81 billion international-$ in 2011 prices compare
- 115 North Korea 40.49 billion international-$ in 2011 prices compare
- 116 Estonia 40.00 billion international-$ in 2011 prices compare
- 118 Botswana 39.29 billion international-$ in 2011 prices compare
- 119 Madagascar 38.60 billion international-$ in 2011 prices compare
- 120 Trinidad and Tobago 37.51 billion international-$ in 2011 prices 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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Armenia?
- Gross domestic product (gdp) in Armenia was 39.72 billion international-$ 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 117th out of 166 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.