Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia
Armenia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 2.58 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia, 1991–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Armenia stood at 2.58 million SLC per person. That is the highest value across all 34 years on record.
The figure is up 3.5% on the previous year and up 59.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Armenia peaked at 2.58 million SLC per person in 2024 and was at its lowest, 0.3731 million SLC per person, in 1993.
That places Armenia 24th out of 194 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1991 | 0.6713 million SLC per person | — |
| 1992 | 0.3956 million SLC per person | -41.1% |
| 1993 | 0.3731 million SLC per person | -5.7% |
| 1994 | 0.4034 million SLC per person | +8.1% |
| 1995 | 0.4386 million SLC per person | +8.7% |
| 1996 | 0.4686 million SLC per person | +6.8% |
| 1997 | 0.489 million SLC per person | +4.4% |
| 1998 | 0.5311 million SLC per person | +8.6% |
| 1999 | 0.5555 million SLC per person | +4.6% |
| 2000 | 0.5784 million SLC per person | +4.1% |
| 2001 | 0.6355 million SLC per person | +9.9% |
| 2002 | 0.7339 million SLC per person | +15.5% |
| 2003 | 0.8415 million SLC per person | +14.7% |
| 2004 | 0.9347 million SLC per person | +11.1% |
| 2005 | 1.07 million SLC per person | +14.5% |
| 2006 | 1.22 million SLC per person | +13.9% |
| 2007 | 1.4 million SLC per person | +14.5% |
| 2008 | 1.5 million SLC per person | +7.7% |
| 2009 | 1.3 million SLC per person | -13.6% |
| 2010 | 1.34 million SLC per person | +2.9% |
| 2011 | 1.41 million SLC per person | +5.2% |
| 2012 | 1.51 million SLC per person | +7.3% |
| 2013 | 1.56 million SLC per person | +3.3% |
| 2014 | 1.62 million SLC per person | +3.9% |
| 2015 | 1.68 million SLC per person | +3.6% |
| 2016 | 1.69 million SLC per person | +0.6% |
| 2017 | 1.82 million SLC per person | +8.0% |
| 2018 | 1.93 million SLC per person | +5.6% |
| 2019 | 2.08 million SLC per person | +7.9% |
| 2020 | 1.93 million SLC per person | -7.1% |
| 2021 | 2.04 million SLC per person | +5.8% |
| 2022 | 2.29 million SLC per person | +12.3% |
| 2023 | 2.5 million SLC per person | +8.9% |
| 2024 | 2.58 million SLC per person | +3.5% |
Armenia compared with similar countries
- Armenia's 2.58 million SLC per person is above the median for upper middle income countries, which is 0.0458 million SLC per person, 56.4× the median. (54 countries reporting)
- Armenia's 2.58 million SLC per person is above the median for Europe & Central Asia, which is 0.0411 million SLC per person, 62.8× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 | -41.1% | 0.6713 million SLC per person | 0.3956 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.4807 million SLC per person | 0.3731 million SLC per person | 0.6713 million SLC per person | 9 |
| 2000s | 1.02 million SLC per person | 0.5784 million SLC per person | 1.5 million SLC per person | 10 |
| 2010s | 1.66 million SLC per person | 1.34 million SLC per person | 2.08 million SLC per person | 10 |
| 2020s | 2.27 million SLC per person | 1.93 million SLC per person | 2.58 million SLC per person | 5 |
Countries ranked near Armenia
- 21 Equatorial Guinea 2.98 million SLC per person compare
- 22 Uganda 2.95 million SLC per person compare
- 23 Kazakhstan 2.68 million SLC per person compare
- 25 French Polynesia 2.32 million SLC per person compare
- 26 Myanmar 1.67 million SLC per person compare
- 27 Cote d'Ivoire 1.41 million SLC per person 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 — value standard local currency, 2015 prices in Armenia?
- Gross domestic product — value standard local currency, 2015 prices in Armenia was 2.58 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Armenia?
- The highest recorded value was 2.58 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Armenia?
- The lowest recorded value was 0.3731 million SLC per person in 1993.
- How does Armenia rank for gross domestic product — value standard local currency, 2015 prices?
- Armenia ranks 24th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Armenia?
- Over the last ten years it is up 59.3%. 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 — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.