Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia
Armenia: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 7.83 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Armenia is 7.83 million million SLC, measured in 2024. That is the highest value across all 34 years on record.
That represents a change of up 5.9% on the previous year and up 60.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Armenia peaked at 7.83 million million SLC in 2024 and was at its lowest, 1.29 million million SLC, in 1993.
That places Armenia 42nd out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Armenia, year by year
| Year | million SLC | Change |
|---|---|---|
| 1991 | 2.43 million million SLC | — |
| 1992 | 1.41 million million SLC | -41.8% |
| 1993 | 1.29 million million SLC | -8.8% |
| 1994 | 1.36 million million SLC | +5.3% |
| 1995 | 1.45 million million SLC | +6.9% |
| 1996 | 1.54 million million SLC | +5.9% |
| 1997 | 1.59 million million SLC | +3.3% |
| 1998 | 1.70 million million SLC | +7.3% |
| 1999 | 1.76 million million SLC | +3.3% |
| 2000 | 1.86 million million SLC | +5.9% |
| 2001 | 2.04 million million SLC | +9.6% |
| 2002 | 2.35 million million SLC | +15.1% |
| 2003 | 2.68 million million SLC | +14.0% |
| 2004 | 2.96 million million SLC | +10.5% |
| 2005 | 3.37 million million SLC | +13.9% |
| 2006 | 3.81 million million SLC | +13.2% |
| 2007 | 4.34 million million SLC | +13.7% |
| 2008 | 4.64 million million SLC | +6.9% |
| 2009 | 3.98 million million SLC | -14.2% |
| 2010 | 4.07 million million SLC | +2.2% |
| 2011 | 4.26 million million SLC | +4.7% |
| 2012 | 4.57 million million SLC | +7.2% |
| 2013 | 4.71 million million SLC | +3.3% |
| 2014 | 4.89 million million SLC | +3.6% |
| 2015 | 5.04 million million SLC | +3.2% |
| 2016 | 5.05 million million SLC | +0.2% |
| 2017 | 5.43 million million SLC | +7.5% |
| 2018 | 5.72 million million SLC | +5.2% |
| 2019 | 6.15 million million SLC | +7.6% |
| 2020 | 5.71 million million SLC | -7.2% |
| 2021 | 6.04 million million SLC | +5.8% |
| 2022 | 6.80 million million SLC | +12.6% |
| 2023 | 7.40 million million SLC | +8.7% |
| 2024 | 7.83 million million SLC | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.61 million million SLC | 1.29 million million SLC | 2.43 million million SLC | 9 |
| 2000s | 3.20 million million SLC | 1.86 million million SLC | 4.64 million million SLC | 10 |
| 2010s | 4.99 million million SLC | 4.07 million million SLC | 6.15 million million SLC | 10 |
| 2020s | 6.76 million million SLC | 5.71 million million SLC | 7.83 million million SLC | 5 |
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)
- Final consumption expenditure (constant 2015 US$), per capita 4,560 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate 15.62 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 1.06 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 9,996 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 13.94 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 408.33 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 3.87 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 11.34 % 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 7.83 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Armenia?
- The highest recorded value was 7.83 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Armenia?
- The lowest recorded value was 1.29 million million SLC in 1993.
- How does Armenia rank for gross domestic product — value standard local currency, 2015 prices?
- Armenia ranks 42nd 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 60.3%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).