Gross Domestic Product — Value Standard Local Currency, annual growth in Armenia
Armenia: Gross Domestic Product — Value Standard Local Currency, annual growth was 7.13 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Armenia, 1992–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross domestic product — value standard local currency, annual growth in Armenia is 7.13 % change on previous year, measured in 2024.
Compared with earlier readings it is down 39.6% on the previous year and up 19.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Armenia peaked at 291.51 % change on previous year in 1992 and was at its lowest, -11.95 % change on previous year, in 2009.
That places Armenia 102nd out of 218 countries with data for 2024, 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 — Value Standard Local Currency, annual growth in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 291.51 % change on previous year | — |
| 1995 | 179.19 % change on previous year | -38.5% |
| 1996 | 26.61 % change on previous year | -85.2% |
| 1997 | 21.65 % change on previous year | -18.6% |
| 1998 | 18.78 % change on previous year | -13.2% |
| 1999 | 3.36 % change on previous year | -82.1% |
| 2000 | 4.45 % change on previous year | +32.5% |
| 2001 | 14.01 % change on previous year | +215.3% |
| 2002 | 15.87 % change on previous year | +13.2% |
| 2003 | 19.24 % change on previous year | +21.3% |
| 2004 | 17.44 % change on previous year | -9.4% |
| 2005 | 17.55 % change on previous year | +0.7% |
| 2006 | 18.43 % change on previous year | +5.0% |
| 2007 | 18.56 % change on previous year | +0.7% |
| 2008 | 13.3 % change on previous year | -28.3% |
| 2009 | -11.95 % change on previous year | -189.9% |
| 2010 | 10.14 % change on previous year | -184.8% |
| 2011 | 9.18 % change on previous year | -9.4% |
| 2012 | 5.9 % change on previous year | -35.8% |
| 2013 | 6.78 % change on previous year | +14.9% |
| 2014 | 5.99 % change on previous year | -11.6% |
| 2015 | 4.45 % change on previous year | -25.7% |
| 2016 | 0.4691 % change on previous year | -89.5% |
| 2017 | 9.81 % change on previous year | +1991.6% |
| 2018 | 8.13 % change on previous year | -17.1% |
| 2019 | 8.75 % change on previous year | +7.5% |
| 2020 | -5.52 % change on previous year | -163.2% |
| 2021 | 13.1 % change on previous year | -337.2% |
| 2022 | 21.59 % change on previous year | +64.8% |
| 2023 | 11.81 % change on previous year | -45.3% |
| 2024 | 7.13 % change on previous year | -39.6% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2017 | +1991.6% | 0.4691 % change on previous year | 9.81 % change on previous year |
| 2021 | +337.2% | -5.52 % change on previous year | 13.1 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 90.18 % change on previous year | 3.36 % change on previous year | 291.51 % change on previous year | 6 |
| 2000s | 12.69 % change on previous year | -11.95 % change on previous year | 19.24 % change on previous year | 10 |
| 2010s | 6.96 % change on previous year | 0.4691 % change on previous year | 10.14 % change on previous year | 10 |
| 2020s | 9.62 % change on previous year | -5.52 % change on previous year | 21.59 % change on previous year | 5 |
Countries ranked near Armenia
- 99 Guatemala 7.44 % change on previous year compare
- 100 Kiribati 7.39 % change on previous year compare
- 101 Brazil 7.32 % change on previous year compare
- 103 Montenegro 7.12 % change on previous year compare
- 104 Cyprus 7.11 % change on previous year compare
- 105 Namibia 7.08 % change on previous year 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, annual growth in Armenia?
- Gross domestic product — value standard local currency, annual growth in Armenia was 7.13 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Armenia?
- The highest recorded value was 291.51 % change on previous year in 1992.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Armenia?
- The lowest recorded value was -11.95 % change on previous year in 2009.
- How does Armenia rank for gross domestic product — value standard local currency, annual growth?
- Armenia ranks 102nd out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Armenia?
- Over the last ten years it is up 19.0%. 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, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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
The year-on-year percentage change in Gross Domestic Product — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.