Gross domestic product (GDP), per unit of GDP (Bolt) in Armenia
Armenia: Gross domestic product (GDP), per unit of GDP (Bolt) was 2.04 international-$ in 2011 prices per US$ of GDP in 2022. ◆ Volatile
Gross domestic product (GDP), per unit of GDP in Armenia, 1990–2022
Source: Statizoid (derived). Measured in international-$ in 2011 prices per US$ of GDP.
Analysis
In 2022, gross domestic product (gdp), per unit of gdp in Armenia stood at 2.04 international-$ in 2011 prices per US$ of GDP. That is the lowest value across all 33 years on record.
That represents a change of down 19.9% on the previous year and down 18.8% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Armenia peaked at 14.47 international-$ in 2011 prices per US$ of GDP in 1990 and was at its lowest, 2.04 international-$ in 2011 prices per US$ of GDP, in 2022.
Armenia ranks 45th of 163 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 domestic product (GDP), per unit of GDP (Bolt) in Armenia, year by year
| Year | international-$ in 2011 prices per US$ of GDP | Change |
|---|---|---|
| 1990 | 14.47 international-$ in 2011 prices per US$ of GDP | — |
| 1991 | 13.51 international-$ in 2011 prices per US$ of GDP | -6.6% |
| 1992 | 12.4 international-$ in 2011 prices per US$ of GDP | -8.2% |
| 1993 | 10.95 international-$ in 2011 prices per US$ of GDP | -11.7% |
| 1994 | 10.22 international-$ in 2011 prices per US$ of GDP | -6.7% |
| 1995 | 9.59 international-$ in 2011 prices per US$ of GDP | -6.1% |
| 1996 | 8.99 international-$ in 2011 prices per US$ of GDP | -6.2% |
| 1997 | 8.78 international-$ in 2011 prices per US$ of GDP | -2.3% |
| 1998 | 7.84 international-$ in 2011 prices per US$ of GDP | -10.8% |
| 1999 | 8.05 international-$ in 2011 prices per US$ of GDP | +2.7% |
| 2000 | 7.98 international-$ in 2011 prices per US$ of GDP | -0.9% |
| 2001 | 7.64 international-$ in 2011 prices per US$ of GDP | -4.2% |
| 2002 | 7.58 international-$ in 2011 prices per US$ of GDP | -0.7% |
| 2003 | 7.1 international-$ in 2011 prices per US$ of GDP | -6.4% |
| 2004 | 5.97 international-$ in 2011 prices per US$ of GDP | -15.9% |
| 2005 | 4.82 international-$ in 2011 prices per US$ of GDP | -19.2% |
| 2006 | 4.06 international-$ in 2011 prices per US$ of GDP | -15.7% |
| 2007 | 3.11 international-$ in 2011 prices per US$ of GDP | -23.5% |
| 2008 | 2.54 international-$ in 2011 prices per US$ of GDP | -18.1% |
| 2009 | 2.86 international-$ in 2011 prices per US$ of GDP | +12.3% |
| 2010 | 2.64 international-$ in 2011 prices per US$ of GDP | -7.4% |
| 2011 | 2.45 international-$ in 2011 prices per US$ of GDP | -7.3% |
| 2012 | 2.51 international-$ in 2011 prices per US$ of GDP | +2.3% |
| 2013 | 2.48 international-$ in 2011 prices per US$ of GDP | -1.3% |
| 2014 | 2.46 international-$ in 2011 prices per US$ of GDP | -0.7% |
| 2015 | 2.79 international-$ in 2011 prices per US$ of GDP | +13.6% |
| 2016 | 2.8 international-$ in 2011 prices per US$ of GDP | +0.3% |
| 2017 | 2.75 international-$ in 2011 prices per US$ of GDP | -1.6% |
| 2018 | 2.68 international-$ in 2011 prices per US$ of GDP | -2.6% |
| 2019 | 2.64 international-$ in 2011 prices per US$ of GDP | -1.5% |
| 2020 | 2.64 international-$ in 2011 prices per US$ of GDP | +0.0% |
| 2021 | 2.54 international-$ in 2011 prices per US$ of GDP | -3.7% |
| 2022 | 2.04 international-$ in 2011 prices per US$ of GDP | -19.9% |
Armenia compared with similar countries
- Armenia's 2.04 international-$ in 2011 prices per US$ of GDP is above the median for upper middle income countries, which is 1.91 international-$ in 2011 prices per US$ of GDP, 1.1× the median. (47 countries reporting)
- Armenia's 2.04 international-$ in 2011 prices per US$ of GDP is above the median for Europe & Central Asia, which is 1.32 international-$ in 2011 prices per US$ of GDP, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.48 international-$ in 2011 prices per US$ of GDP | 7.84 international-$ in 2011 prices per US$ of GDP | 14.47 international-$ in 2011 prices per US$ of GDP | 10 |
| 2000s | 5.37 international-$ in 2011 prices per US$ of GDP | 2.54 international-$ in 2011 prices per US$ of GDP | 7.98 international-$ in 2011 prices per US$ of GDP | 10 |
| 2010s | 2.62 international-$ in 2011 prices per US$ of GDP | 2.45 international-$ in 2011 prices per US$ of GDP | 2.8 international-$ in 2011 prices per US$ of GDP | 10 |
| 2020s | 2.41 international-$ in 2011 prices per US$ of GDP | 2.04 international-$ in 2011 prices per US$ of GDP | 2.64 international-$ in 2011 prices per US$ of GDP | 3 |
Countries ranked near Armenia
- 42 Rwanda 2.07 international-$ in 2011 prices per US$ of GDP compare
- 43 North Macedonia 2.06 international-$ in 2011 prices per US$ of GDP compare
- 44 Montenegro 2.04 international-$ in 2011 prices per US$ of GDP compare
- 46 Lesotho 2.02 international-$ in 2011 prices per US$ of GDP compare
- 47 Eswatini 2.02 international-$ in 2011 prices per US$ of GDP compare
- 48 Vietnam 2.02 international-$ in 2011 prices per US$ of GDP 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)
- 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 domestic product (gdp), per unit of gdp in Armenia?
- Gross domestic product (gdp), per unit of gdp in Armenia was 2.04 international-$ in 2011 prices per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Armenia?
- The highest recorded value was 14.47 international-$ in 2011 prices per US$ of GDP in 1990.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Armenia?
- The lowest recorded value was 2.04 international-$ in 2011 prices per US$ of GDP in 2022.
- How does Armenia rank for gross domestic product (gdp), per unit of gdp?
- Armenia ranks 45th out of 163 countries with data for 2022.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Armenia?
- Over the last ten years it is down 18.8%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.