Gross domestic product (GDP), per unit of GDP in Armenia
Armenia: Gross domestic product (GDP), per unit of GDP was 2.54 international-$ in 2021 prices per US$ of GDP in 2023. ▼ Falling
Gross domestic product (GDP), per unit of GDP in Armenia, 1992–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
Armenia recorded 2.54 international-$ in 2021 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2023.
Compared with earlier readings it is down 10.7% on the previous year and down 17.6% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Armenia peaked at 11.35 international-$ in 2021 prices per US$ of GDP in 1993 and was at its lowest, 2.43 international-$ in 2021 prices per US$ of GDP, in 2008.
That places Armenia 55th out of 180 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Gross domestic product (GDP), per unit of GDP in Armenia, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1992 | 11.16 international-$ in 2021 prices per US$ of GDP | — |
| 1993 | 11.35 international-$ in 2021 prices per US$ of GDP | +1.8% |
| 1994 | 8.01 international-$ in 2021 prices per US$ of GDP | -29.4% |
| 1995 | 7.48 international-$ in 2021 prices per US$ of GDP | -6.6% |
| 1996 | 7.58 international-$ in 2021 prices per US$ of GDP | +1.3% |
| 1997 | 7.71 international-$ in 2021 prices per US$ of GDP | +1.8% |
| 1998 | 6.1 international-$ in 2021 prices per US$ of GDP | -20.9% |
| 1999 | 6.91 international-$ in 2021 prices per US$ of GDP | +13.3% |
| 2000 | 6.85 international-$ in 2021 prices per US$ of GDP | -1.0% |
| 2001 | 6.54 international-$ in 2021 prices per US$ of GDP | -4.5% |
| 2002 | 6.33 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 2003 | 6.11 international-$ in 2021 prices per US$ of GDP | -3.5% |
| 2004 | 5.11 international-$ in 2021 prices per US$ of GDP | -16.3% |
| 2005 | 4.15 international-$ in 2021 prices per US$ of GDP | -18.8% |
| 2006 | 3.62 international-$ in 2021 prices per US$ of GDP | -12.9% |
| 2007 | 2.84 international-$ in 2021 prices per US$ of GDP | -21.6% |
| 2008 | 2.43 international-$ in 2021 prices per US$ of GDP | -14.3% |
| 2009 | 3.02 international-$ in 2021 prices per US$ of GDP | +24.3% |
| 2010 | 3.1 international-$ in 2021 prices per US$ of GDP | +2.6% |
| 2011 | 3.11 international-$ in 2021 prices per US$ of GDP | +0.4% |
| 2012 | 3.38 international-$ in 2021 prices per US$ of GDP | +8.8% |
| 2013 | 3.08 international-$ in 2021 prices per US$ of GDP | -8.8% |
| 2014 | 3.03 international-$ in 2021 prices per US$ of GDP | -1.7% |
| 2015 | 3.32 international-$ in 2021 prices per US$ of GDP | +9.6% |
| 2016 | 3.58 international-$ in 2021 prices per US$ of GDP | +7.7% |
| 2017 | 3.74 international-$ in 2021 prices per US$ of GDP | +4.5% |
| 2018 | 3.57 international-$ in 2021 prices per US$ of GDP | -4.6% |
| 2019 | 3.82 international-$ in 2021 prices per US$ of GDP | +7.1% |
| 2020 | 3.9 international-$ in 2021 prices per US$ of GDP | +1.9% |
| 2021 | 3.61 international-$ in 2021 prices per US$ of GDP | -7.4% |
| 2022 | 2.84 international-$ in 2021 prices per US$ of GDP | -21.2% |
| 2023 | 2.54 international-$ in 2021 prices per US$ of GDP | -10.7% |
Armenia compared with similar countries
- Armenia's 2.54 international-$ in 2021 prices per US$ of GDP is above the median for upper middle income countries, which is 2.35 international-$ in 2021 prices per US$ of GDP, 1.1× the median. (51 countries reporting)
- Armenia's 2.54 international-$ in 2021 prices per US$ of GDP is above the median for Europe & Central Asia, which is 1.5 international-$ in 2021 prices per US$ of GDP, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.29 international-$ in 2021 prices per US$ of GDP | 6.1 international-$ in 2021 prices per US$ of GDP | 11.35 international-$ in 2021 prices per US$ of GDP | 8 |
| 2000s | 4.7 international-$ in 2021 prices per US$ of GDP | 2.43 international-$ in 2021 prices per US$ of GDP | 6.85 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 3.37 international-$ in 2021 prices per US$ of GDP | 3.03 international-$ in 2021 prices per US$ of GDP | 3.82 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 3.22 international-$ in 2021 prices per US$ of GDP | 2.54 international-$ in 2021 prices per US$ of GDP | 3.9 international-$ in 2021 prices per US$ of GDP | 4 |
Countries ranked near Armenia
- 52 North Macedonia 2.57 international-$ in 2021 prices per US$ of GDP compare
- 53 Mongolia 2.56 international-$ in 2021 prices per US$ of GDP compare
- 54 Brunei 2.56 international-$ in 2021 prices per US$ of GDP compare
- 56 Guinea-Bissau 2.53 international-$ in 2021 prices per US$ of GDP compare
- 57 Gabon 2.53 international-$ in 2021 prices per US$ of GDP compare
- 58 Mauritius 2.51 international-$ in 2021 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)
- 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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Armenia?
- Gross domestic product (gdp), per unit of gdp in Armenia was 2.54 international-$ in 2021 prices per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Armenia?
- The highest recorded value was 11.35 international-$ in 2021 prices per US$ of GDP in 1993.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Armenia?
- The lowest recorded value was 2.43 international-$ in 2021 prices per US$ of GDP in 2008.
- How does Armenia rank for gross domestic product (gdp), per unit of gdp?
- Armenia ranks 55th out of 180 countries with data for 2023.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Armenia?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is falling.
- 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) Feenstra et al. – Penn World Table (2025) – 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.