Gross capital formation in Armenia
Armenia: Gross capital formation was 24.2% in 2025. ▼ Falling
Gross capital formation in Armenia, 1990–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Armenia recorded 24.2% for gross capital formation in 2025.
Compared with earlier readings it is up 1.6% on the previous year and up 16.8% over ten years.
Over the whole period, gross capital formation in Armenia peaked at 47.9% in 2008 and was at its lowest, 1.6%, in 1992.
Armenia ranks 83rd of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Gross capital formation in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 47.1% | — |
| 1991 | 39.8% | -15.6% |
| 1992 | 1.6% | -95.9% |
| 1993 | 9.9% | +505.2% |
| 1994 | 27.9% | +183.0% |
| 1995 | 20.8% | -25.5% |
| 1996 | 21.1% | +1.4% |
| 1997 | 23.3% | +10.3% |
| 1998 | 22.7% | -2.5% |
| 1999 | 20.8% | -8.5% |
| 2000 | 21.9% | +5.6% |
| 2001 | 22.9% | +4.5% |
| 2002 | 25.4% | +11.0% |
| 2003 | 28.3% | +11.5% |
| 2004 | 29.1% | +2.7% |
| 2005 | 35.8% | +22.8% |
| 2006 | 42.2% | +18.1% |
| 2007 | 44.4% | +5.0% |
| 2008 | 47.9% | +8.1% |
| 2009 | 41.1% | -14.2% |
| 2010 | 38.8% | -5.7% |
| 2011 | 31.9% | -17.8% |
| 2012 | 24.7% | -22.7% |
| 2013 | 22.2% | -10.2% |
| 2014 | 21.3% | -3.9% |
| 2015 | 20.7% | -2.6% |
| 2016 | 18.0% | -13.1% |
| 2017 | 18.4% | +2.3% |
| 2018 | 22.4% | +21.6% |
| 2019 | 17.4% | -22.3% |
| 2020 | 19.7% | +13.0% |
| 2021 | 23.0% | +16.8% |
| 2022 | 22.3% | -3.1% |
| 2023 | 22.9% | +3.1% |
| 2024 | 23.8% | +3.9% |
| 2025 | 24.2% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.5% | 1.6% | 47.1% | 10 |
| 2000s | 33.9% | 21.9% | 47.9% | 10 |
| 2010s | 23.6% | 17.4% | 38.8% | 10 |
| 2020s | 22.6% | 19.7% | 24.2% | 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)
- Gross capital formation (current US$), annual growth rate 14.45 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2421 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 2,294 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 12.79 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 93.7 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 887,692 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 15.6 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1709 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross capital formation in Armenia?
- Gross capital formation in Armenia was 24.2% 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 47.9% in 2008.
- What is the lowest gross capital formation recorded in Armenia?
- The lowest recorded value was 1.6% in 1992.
- How does Armenia rank for gross capital formation?
- Armenia ranks 83rd 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 16.8%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.