Gross capital formation (current US$) in Armenia
Armenia: Gross capital formation (current US$) was 7.08 billion current US$ in 2025. ◆ Volatile
Gross capital formation in Armenia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gross capital formation in Armenia stood at 7.08 billion current US$. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 14.5% on the previous year and up 223.6% over ten years.
Over the whole period, gross capital formation in Armenia peaked at 7.08 billion current US$ in 2025 and was at its lowest, 20.76 million current US$, in 1992.
Armenia ranks 107th of 187 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$) in Armenia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1990 | 1.06 billion current US$ | — |
| 1991 | 823.38 million current US$ | -22.6% |
| 1992 | 20.76 million current US$ | -97.5% |
| 1993 | 118.60 million current US$ | +471.2% |
| 1994 | 367.48 million current US$ | +209.9% |
| 1995 | 305.54 million current US$ | -16.9% |
| 1996 | 336.89 million current US$ | +10.3% |
| 1997 | 381.44 million current US$ | +13.2% |
| 1998 | 429.62 million current US$ | +12.6% |
| 1999 | 383.29 million current US$ | -10.8% |
| 2000 | 419.06 million current US$ | +9.3% |
| 2001 | 485.22 million current US$ | +15.8% |
| 2002 | 604.02 million current US$ | +24.5% |
| 2003 | 795.74 million current US$ | +31.7% |
| 2004 | 1.04 billion current US$ | +30.9% |
| 2005 | 1.75 billion current US$ | +68.3% |
| 2006 | 2.70 billion current US$ | +53.8% |
| 2007 | 4.08 billion current US$ | +51.5% |
| 2008 | 5.59 billion current US$ | +36.9% |
| 2009 | 3.56 billion current US$ | -36.4% |
| 2010 | 3.59 billion current US$ | +1.0% |
| 2011 | 3.24 billion current US$ | -9.9% |
| 2012 | 2.62 billion current US$ | -19.0% |
| 2013 | 2.46 billion current US$ | -6.0% |
| 2014 | 2.47 billion current US$ | +0.3% |
| 2015 | 2.19 billion current US$ | -11.5% |
| 2016 | 1.90 billion current US$ | -13.2% |
| 2017 | 2.12 billion current US$ | +11.8% |
| 2018 | 2.79 billion current US$ | +31.4% |
| 2019 | 2.37 billion current US$ | -15.0% |
| 2020 | 2.49 billion current US$ | +4.8% |
| 2021 | 3.19 billion current US$ | +28.2% |
| 2022 | 4.34 billion current US$ | +36.3% |
| 2023 | 5.55 billion current US$ | +27.8% |
| 2024 | 6.19 billion current US$ | +11.5% |
| 2025 | 7.08 billion current US$ | +14.5% |
Armenia compared with similar countries
- Armenia's 7.08 billion current US$ is below the median for upper middle income countries, which is 11.53 billion current US$, 61% of the median. (52 countries reporting)
- Armenia's 7.08 billion current US$ is below the median for Europe & Central Asia, which is 29.72 billion current US$, 24% of the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current US$) 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 |
|---|---|---|---|
| 1993 | +471.2% | 20.76 million current US$ | 118.60 million current US$ |
| 1994 | +209.9% | 118.60 million current US$ | 367.48 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 423.10 million current US$ | 20.76 million current US$ | 1.06 billion current US$ | 10 |
| 2000s | 2.10 billion current US$ | 419.06 million current US$ | 5.59 billion current US$ | 10 |
| 2010s | 2.58 billion current US$ | 1.90 billion current US$ | 3.59 billion current US$ | 10 |
| 2020s | 4.81 billion current US$ | 2.49 billion current US$ | 7.08 billion current US$ | 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)
- SDRs holdings, US dollar, annual growth rate -34.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -37.57 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2994 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -31.41 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0088 units per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Armenia?
- Gross capital formation in Armenia was 7.08 billion current 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 7.08 billion current US$ in 2025.
- What is the lowest gross capital formation recorded in Armenia?
- The lowest recorded value was 20.76 million current US$ in 1992.
- How does Armenia rank for gross capital formation?
- Armenia ranks 107th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Armenia?
- Over the last ten years it is up 223.6%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.