GDP per capita growth in Armenia
Armenia: GDP per capita growth was 3.48 in 2024. ◆ Volatile
Latest (2024)
3.48
Change on year
down 58.9%
World rank
18th
of 74 countries
All-time high
14.62
in 2003
All-time low
-41.11
in 1992
Years of data
34
1991–2024
GDP per capita growth in Armenia, 1991–2024
Source: UNICEF.
Analysis
In 2024, gdp per capita growth in Armenia stood at 3.48.
That represents a change of down 58.9% on the previous year and down 10.2% over ten years.
Over the whole period, gdp per capita growth in Armenia peaked at 14.62 in 2003 and was at its lowest, -41.11, in 1992.
That places Armenia 18th out of 74 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.
GDP per capita growth in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | -13.21 | — |
| 1992 | -41.11 | +211.2% |
| 1993 | -5.67 | -86.2% |
| 1994 | 8.18 | -244.3% |
| 1995 | 8.74 | +6.9% |
| 1996 | 6.8 | -22.3% |
| 1997 | 4.35 | -35.9% |
| 1998 | 8.57 | +96.8% |
| 1999 | 4.64 | -45.8% |
| 2000 | 4.13 | -11.0% |
| 2001 | 9.92 | +140.1% |
| 2002 | 13.62 | +37.4% |
| 2003 | 14.62 | +7.3% |
| 2004 | 11.11 | -24.0% |
| 2005 | 14.57 | +31.1% |
| 2006 | 13.9 | -4.6% |
| 2007 | 14.42 | +3.8% |
| 2008 | 7.6 | -47.3% |
| 2009 | -13.51 | -277.7% |
| 2010 | 2.91 | -121.6% |
| 2011 | 5.28 | +81.5% |
| 2012 | 7.33 | +38.8% |
| 2013 | 3.37 | -54.0% |
| 2014 | 3.88 | +15.1% |
| 2015 | 3.52 | -9.4% |
| 2016 | 0.6119 | -82.6% |
| 2017 | 7.97 | +1201.8% |
| 2018 | 5.57 | -30.1% |
| 2019 | 7.84 | +40.7% |
| 2020 | -7.17 | -191.5% |
| 2021 | 5.77 | -180.5% |
| 2022 | 12.34 | +113.8% |
| 2023 | 8.48 | -31.3% |
| 2024 | 3.48 | -58.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -2.08 | -41.11 | 8.74 | 9 |
| 2000s | 9.04 | -13.51 | 14.62 | 10 |
| 2010s | 4.83 | 0.6119 | 7.97 | 10 |
| 2020s | 4.58 | -7.17 | 12.34 | 5 |
Countries ranked near Armenia
- 15 Croatia 3.65 compare
- 16 Bosnia and Herzegovina 3.65 compare
- 17 Azerbaijan 3.57 compare
- 19 Bulgaria 3.47 compare
- 20 Poland 3.39 compare
- 21 North Macedonia 3.19 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)
- Services, value added (current US$), annual growth rate 11.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6134 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,811 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.86 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 237.38 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 2.25 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 6.9 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3609 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp per capita growth in Armenia?
- Gdp per capita growth in Armenia was 3.48 in 2024, according to UNICEF.
- What is the highest gdp per capita growth recorded in Armenia?
- The highest recorded value was 14.62 in 2003.
- What is the lowest gdp per capita growth recorded in Armenia?
- The lowest recorded value was -41.11 in 1992.
- How does Armenia rank for gdp per capita growth?
- Armenia ranks 18th out of 74 countries with data for 2024.
- Is gdp per capita growth rising or falling in Armenia?
- Over the last ten years it is down 10.2%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from UNICEF, published as part of GDP per capita growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under UNICEF Terms of Use (attribution required).