Gross capital formation in Armenia
Armenia: Gross capital formation was 5.00 billion constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
5.00 billion constant 2015 US$
Change on year
up 15.6%
World rank
109th
of 163 countries
All-time high
5.07 billion constant 2015 US$
in 2008
All-time low
891.44 million constant 2015 US$
in 2001
Years of data
32
1994–2025
Gross capital formation in Armenia, 1994–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
The most recent figure for gross capital formation in Armenia is 5.00 billion constant 2015 US$, measured in 2025.
That represents a change of up 15.6% on the previous year and up 128.4% over ten years.
Over the whole period, gross capital formation in Armenia peaked at 5.07 billion constant 2015 US$ in 2008 and was at its lowest, 891.44 million constant 2015 US$, in 2001.
That places Armenia 109th out of 163 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross capital formation in Armenia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1994 | 1.01 billion constant 2015 US$ | — |
| 1995 | 895.01 million constant 2015 US$ | -11.0% |
| 1996 | 921.02 million constant 2015 US$ | +2.9% |
| 1997 | 1.06 billion constant 2015 US$ | +15.1% |
| 1998 | 1.04 billion constant 2015 US$ | -2.0% |
| 1999 | 1.01 billion constant 2015 US$ | -2.9% |
| 2000 | 900.57 million constant 2015 US$ | -10.7% |
| 2001 | 891.44 million constant 2015 US$ | -1.0% |
| 2002 | 1.22 billion constant 2015 US$ | +37.0% |
| 2003 | 1.82 billion constant 2015 US$ | +49.3% |
| 2004 | 1.92 billion constant 2015 US$ | +5.4% |
| 2005 | 2.41 billion constant 2015 US$ | +25.3% |
| 2006 | 3.19 billion constant 2015 US$ | +32.5% |
| 2007 | 4.12 billion constant 2015 US$ | +29.0% |
| 2008 | 5.07 billion constant 2015 US$ | +23.1% |
| 2009 | 3.11 billion constant 2015 US$ | -38.7% |
| 2010 | 3.01 billion constant 2015 US$ | -3.0% |
| 2011 | 2.77 billion constant 2015 US$ | -8.0% |
| 2012 | 2.45 billion constant 2015 US$ | -11.5% |
| 2013 | 2.28 billion constant 2015 US$ | -7.2% |
| 2014 | 2.26 billion constant 2015 US$ | -0.7% |
| 2015 | 2.19 billion constant 2015 US$ | -3.2% |
| 2016 | 2.00 billion constant 2015 US$ | -8.7% |
| 2017 | 2.20 billion constant 2015 US$ | +10.3% |
| 2018 | 2.96 billion constant 2015 US$ | +34.5% |
| 2019 | 2.54 billion constant 2015 US$ | -14.3% |
| 2020 | 2.53 billion constant 2015 US$ | -0.5% |
| 2021 | 3.04 billion constant 2015 US$ | +20.5% |
| 2022 | 3.39 billion constant 2015 US$ | +11.2% |
| 2023 | 3.88 billion constant 2015 US$ | +14.7% |
| 2024 | 4.32 billion constant 2015 US$ | +11.3% |
| 2025 | 5.00 billion constant 2015 US$ | +15.6% |
Armenia compared with similar countries
- Armenia's 5.00 billion constant 2015 US$ is below the median for upper middle income countries, which is 14.20 billion constant 2015 US$, 35% of the median. (45 countries reporting)
- Armenia's 5.00 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 21.86 billion constant 2015 US$, 23% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 987.94 million constant 2015 US$ | 895.01 million constant 2015 US$ | 1.06 billion constant 2015 US$ | 6 |
| 2000s | 2.46 billion constant 2015 US$ | 891.44 million constant 2015 US$ | 5.07 billion constant 2015 US$ | 10 |
| 2010s | 2.47 billion constant 2015 US$ | 2.00 billion constant 2015 US$ | 3.01 billion constant 2015 US$ | 10 |
| 2020s | 3.69 billion constant 2015 US$ | 2.53 billion constant 2015 US$ | 5.00 billion constant 2015 US$ | 6 |
Countries ranked near Armenia
- 106 Nicaragua 5.40 billion constant 2015 US$ compare
- 107 Mauritania 5.28 billion constant 2015 US$ compare
- 108 Burkina Faso 5.24 billion constant 2015 US$ compare
- 110 Laos 4.87 billion constant 2015 US$ compare
- 111 Mozambique 4.84 billion constant 2015 US$ compare
- 112 Rwanda 4.70 billion constant 2015 US$ 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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Armenia?
- Gross capital formation in Armenia was 5.00 billion constant 2015 US$ 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 5.07 billion constant 2015 US$ in 2008.
- What is the lowest gross capital formation recorded in Armenia?
- The lowest recorded value was 891.44 million constant 2015 US$ in 2001.
- How does Armenia rank for gross capital formation?
- Armenia ranks 109th out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in Armenia?
- Over the last ten years it is up 128.4%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.