Gross Domestic Product, GDP in millions constant 2021 international $ in Armenia
Armenia: Gross Domestic Product, GDP in millions constant 2021 international $ was 70,674 in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Armenia, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in Armenia is 70,674, measured in 2027. That is the highest value across all 37 years on record.
That represents a change of up 5.5% on the previous year and up 66.5% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Armenia peaked at 70,674 in 2027 and was at its lowest, 10,218, in 1993.
That places Armenia 116th out of 188 countries with data for 2027, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 international $ in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 19,251 | — |
| 1992 | 11,204 | -41.8% |
| 1993 | 10,218 | -8.8% |
| 1994 | 10,770 | +5.4% |
| 1995 | 11,513 | +6.9% |
| 1996 | 12,188 | +5.9% |
| 1997 | 12,593 | +3.3% |
| 1998 | 13,512 | +7.3% |
| 1999 | 13,958 | +3.3% |
| 2000 | 14,782 | +5.9% |
| 2001 | 16,201 | +9.6% |
| 2002 | 18,339 | +13.2% |
| 2003 | 20,907 | +14.0% |
| 2004 | 23,102 | +10.5% |
| 2005 | 26,313 | +13.9% |
| 2006 | 29,786 | +13.2% |
| 2007 | 33,867 | +13.7% |
| 2008 | 36,204 | +6.9% |
| 2009 | 31,099 | -14.1% |
| 2010 | 31,783 | +2.2% |
| 2011 | 33,277 | +4.7% |
| 2012 | 35,673 | +7.2% |
| 2013 | 36,850 | +3.3% |
| 2014 | 38,177 | +3.6% |
| 2015 | 39,399 | +3.2% |
| 2016 | 39,477 | +0.2% |
| 2017 | 42,438 | +7.5% |
| 2018 | 44,645 | +5.2% |
| 2019 | 48,038 | +7.6% |
| 2020 | 44,625 | -7.1% |
| 2021 | 47,200 | +5.8% |
| 2022 | 53,132 | +12.6% |
| 2023 | 57,567 | +8.3% |
| 2024 | 60,936 | +5.9% |
| 2025 | 63,860 | +4.8% |
| 2026 | 66,990 | +4.9% |
| 2027 | 70,674 | +5.5% |
Armenia compared with similar countries
- Armenia's 70,674 is below the median for upper middle income countries, which is 133,081, 53% of the median. (53 countries reporting)
- Armenia's 70,674 is below the median for Europe & Central Asia, which is 367,047, 19% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 |
|---|---|---|---|
| 1992 | -41.8% | 19,251 | 11,204 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12,801 | 10,218 | 19,251 | 9 |
| 2000s | 25,060 | 14,782 | 36,204 | 10 |
| 2010s | 38,976 | 31,783 | 48,038 | 10 |
| 2020s | 58,123 | 44,625 | 70,674 | 8 |
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)
- 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 in millions constant 2021 international $ in Armenia?
- Gross domestic product, gdp in millions constant 2021 international $ in Armenia was 70,674 in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Armenia?
- The highest recorded value was 70,674 in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Armenia?
- The lowest recorded value was 10,218 in 1993.
- How does Armenia rank for gross domestic product, gdp in millions constant 2021 international $?
- Armenia ranks 116th out of 188 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Armenia?
- Over the last ten years it is up 66.5%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.