Gross capital formation in Armenia
Armenia: Gross capital formation was 15.6% in 2025. ◆ Volatile
Gross capital formation in Armenia, 1995–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
The most recent figure for gross capital formation in Armenia is 15.6%, measured in 2025.
The figure is up 38.1% on the previous year and up 587.5% over ten years.
Over the whole period, gross capital formation in Armenia peaked at 49.3% in 2003 and was at its lowest, -38.7%, in 2009.
Armenia ranks 22nd of 168 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Armenia, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1995 | -11.0% | — |
| 1996 | 2.9% | -126.5% |
| 1997 | 15.1% | +418.2% |
| 1998 | -2.0% | -113.4% |
| 1999 | -2.9% | +43.0% |
| 2000 | -10.7% | +270.5% |
| 2001 | -1.0% | -90.5% |
| 2002 | 37.0% | -3751.2% |
| 2003 | 49.3% | +33.0% |
| 2004 | 5.4% | -89.1% |
| 2005 | 25.3% | +373.5% |
| 2006 | 32.5% | +28.4% |
| 2007 | 29.0% | -10.9% |
| 2008 | 23.1% | -20.2% |
| 2009 | -38.7% | -267.1% |
| 2010 | -3.0% | -92.2% |
| 2011 | -8.0% | +164.0% |
| 2012 | -11.5% | +43.9% |
| 2013 | -7.2% | -37.5% |
| 2014 | -0.7% | -90.3% |
| 2015 | -3.2% | +357.1% |
| 2016 | -8.7% | +171.9% |
| 2017 | 10.3% | -218.4% |
| 2018 | 34.5% | +235.0% |
| 2019 | -14.3% | -141.4% |
| 2020 | -0.5% | -96.5% |
| 2021 | 20.5% | -4200.0% |
| 2022 | 11.2% | -45.4% |
| 2023 | 14.7% | +31.2% |
| 2024 | 11.3% | -23.1% |
| 2025 | 15.6% | +38.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4% | -11.0% | 15.1% | 5 |
| 2000s | 15.1% | -38.7% | 49.3% | 10 |
| 2010s | -1.2% | -14.3% | 34.5% | 10 |
| 2020s | 12.1% | -0.5% | 20.5% | 6 |
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)
- 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 gross capital formation in Armenia?
- Gross capital formation in Armenia was 15.6% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Armenia?
- The highest recorded value was 49.3% in 2003.
- What is the lowest gross capital formation recorded in Armenia?
- The lowest recorded value was -38.7% in 2009.
- How does Armenia rank for gross capital formation?
- Armenia ranks 22nd out of 168 countries with data for 2025.
- Is gross capital formation rising or falling in Armenia?
- Over the last ten years it is up 587.5%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.