Gross domestic product (GDP), annual growth rate in Armenia
Armenia: Gross domestic product (GDP), annual growth rate was 10.73 % change on previous year in 2023. ◆ Volatile
Gross domestic product (GDP), annual growth rate in Armenia, 1993–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Armenia recorded 10.73 % change on previous year for gross domestic product (gdp), annual growth rate in 2023.
Compared with earlier readings it is up 336.4% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Armenia peaked at 17.08 % change on previous year in 2019 and was at its lowest, -22.76 % change on previous year, in 1994.
Armenia ranks 10th of 184 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1993 | -3.95 % change on previous year | — |
| 1994 | -22.76 % change on previous year | +476.4% |
| 1995 | 4.26 % change on previous year | -118.7% |
| 1996 | 10.2 % change on previous year | +139.3% |
| 1997 | 4.5 % change on previous year | -55.8% |
| 1998 | -8.6 % change on previous year | -291.0% |
| 1999 | 10.38 % change on previous year | -220.7% |
| 2000 | 2.59 % change on previous year | -75.1% |
| 2001 | 5.88 % change on previous year | +127.2% |
| 2002 | 8.46 % change on previous year | +43.8% |
| 2003 | 14 % change on previous year | +65.5% |
| 2004 | 6.69 % change on previous year | -52.2% |
| 2005 | 11.22 % change on previous year | +67.8% |
| 2006 | 13.54 % change on previous year | +20.7% |
| 2007 | 13.08 % change on previous year | -3.3% |
| 2008 | 8.52 % change on previous year | -34.9% |
| 2009 | -7.81 % change on previous year | -191.8% |
| 2010 | 9.84 % change on previous year | -226.0% |
| 2011 | 9.96 % change on previous year | +1.2% |
| 2012 | 13.87 % change on previous year | +39.2% |
| 2013 | -4.54 % change on previous year | -132.7% |
| 2014 | 2.63 % change on previous year | -158.1% |
| 2015 | -0.3463 % change on previous year | -113.1% |
| 2016 | 7.66 % change on previous year | -2310.5% |
| 2017 | 14.25 % change on previous year | +86.1% |
| 2018 | 3.14 % change on previous year | -78.0% |
| 2019 | 17.08 % change on previous year | +443.6% |
| 2020 | -5.38 % change on previous year | -131.5% |
| 2021 | 1.71 % change on previous year | -131.7% |
| 2022 | 10.74 % change on previous year | +528.5% |
| 2023 | 10.73 % change on previous year | -0.0% |
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate 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 |
|---|---|---|---|
| 2016 | +2310.5% | -0.3463 % change on previous year | 7.66 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.8524 % change on previous year | -22.76 % change on previous year | 10.38 % change on previous year | 7 |
| 2000s | 7.62 % change on previous year | -7.81 % change on previous year | 14 % change on previous year | 10 |
| 2010s | 7.35 % change on previous year | -4.54 % change on previous year | 17.08 % change on previous year | 10 |
| 2020s | 4.45 % change on previous year | -5.38 % change on previous year | 10.74 % change on previous year | 4 |
Countries ranked near Armenia
- 7 Mali 11.3 % change on previous year compare
- 8 Mongolia 11.24 % change on previous year compare
- 9 Comoros 10.98 % change on previous year compare
- 11 Thailand 10.46 % change on previous year compare
- 12 Barbados 9.76 % change on previous year compare
- 13 Montserrat 8.13 % change on previous year 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 domestic product (gdp), annual growth rate in Armenia?
- Gross domestic product (gdp), annual growth rate in Armenia was 10.73 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Armenia?
- The highest recorded value was 17.08 % change on previous year in 2019.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Armenia?
- The lowest recorded value was -22.76 % change on previous year in 1994.
- How does Armenia rank for gross domestic product (gdp), annual growth rate?
- Armenia ranks 10th out of 184 countries with data for 2023.
- Is gross domestic product (gdp), annual growth rate rising or falling in Armenia?
- Over the last ten years it is up 336.4%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.