Is gross domestic product — value standard local currency, per unit of rising or falling in Armenia?

Over the last ten years it is down 5.7%. The long-run trend across the full record is rising.

Gross Domestic Product — Value Standard Local Currency, per unit of in Armenia

Name: Gross Domestic Product — Value Standard Local Currency, per unit of in Armenia
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Armenia: Gross Domestic Product — Value Standard Local Currency, per unit of was 0.0004 million SLC per US$ of GDP in 2024. ▲ Rising

Latest (2024)

0.0004 million SLC per US$ of GDP

Change on year

down 0.2%

World rank

42nd

of 191 countries

All-time high

0.0006 million SLC per US$ of GDP

in 2003

All-time low

0 million SLC per US$ of GDP

in 1991

Years of data

1991–2024

Gross Domestic Product — Value Standard Local Currency, per unit of in Armenia, 1991–2024

Source: Statizoid (derived). Measured in million SLC per US$ of GDP.

Analysis

Armenia recorded 0.0004 million SLC per US$ of GDP for gross domestic product — value standard local currency, per unit of in 2024.

That represents a change of down 0.2% on the previous year and down 5.7% over ten years.

Over the whole period, gross domestic product — value standard local currency, per unit of in Armenia peaked at 0.0006 million SLC per US$ of GDP in 2003 and was at its lowest, 0 million SLC per US$ of GDP, in 1991.

Armenia ranks 42nd of 191 countries on this measure, 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, per unit of in Armenia, year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, per unit of GDP in Armenia, 1991 to 2024.
Year	million SLC per US$ of GDP	Change
1991	0 million SLC per US$ of GDP	—
1992	0 million SLC per US$ of GDP	+536.7%
1993	0 million SLC per US$ of GDP	+1345.1%
1994	0.0002 million SLC per US$ of GDP	+4172.2%
1995	0.0004 million SLC per US$ of GDP	+150.1%
1996	0.0004 million SLC per US$ of GDP	+16.4%
1997	0.0005 million SLC per US$ of GDP	+18.5%
1998	0.0005 million SLC per US$ of GDP	+2.8%
1999	0.0006 million SLC per US$ of GDP	+6.1%
2000	0.0006 million SLC per US$ of GDP	+0.8%
2001	0.0006 million SLC per US$ of GDP	+2.9%
2002	0.0006 million SLC per US$ of GDP	+3.3%
2003	0.0006 million SLC per US$ of GDP	+0.9%
2004	0.0006 million SLC per US$ of GDP	-7.8%
2005	0.0005 million SLC per US$ of GDP	-14.2%
2006	0.0004 million SLC per US$ of GDP	-9.1%
2007	0.0004 million SLC per US$ of GDP	-17.8%
2008	0.0003 million SLC per US$ of GDP	-10.6%
2009	0.0004 million SLC per US$ of GDP	+18.7%
2010	0.0004 million SLC per US$ of GDP	+2.9%
2011	0.0004 million SLC per US$ of GDP	-0.3%
2012	0.0004 million SLC per US$ of GDP	+1.1%
2013	0.0004 million SLC per US$ of GDP	+2.0%
2014	0.0004 million SLC per US$ of GDP	+1.5%
2015	0.0005 million SLC per US$ of GDP	+14.9%
2016	0.0005 million SLC per US$ of GDP	+0.5%
2017	0.0005 million SLC per US$ of GDP	+0.5%
2018	0.0005 million SLC per US$ of GDP	+0.1%
2019	0.0005 million SLC per US$ of GDP	-0.5%
2020	0.0005 million SLC per US$ of GDP	+1.8%
2021	0.0005 million SLC per US$ of GDP	+3.0%
2022	0.0004 million SLC per US$ of GDP	-13.5%
2023	0.0004 million SLC per US$ of GDP	-9.8%
2024	0.0004 million SLC per US$ of GDP	-0.2%

Armenia compared with similar countries

Armenia's 0.0004 million SLC per US$ of GDP is above the median for upper middle income countries, which is 0 million SLC per US$ of GDP, 23.9× the median. (54 countries reporting)
Armenia's 0.0004 million SLC per US$ of GDP is above the median for Europe & Central Asia, which is 0 million SLC per US$ of GDP, 229.8× the median. (52 countries reporting)

Biggest year-on-year movements

Years where Gross Domestic Product — Value Standard Local Currency, per unit of 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
1994	+4172.2%	0 million SLC per US$ of GDP	0.0002 million SLC per US$ of GDP
1993	+1345.1%	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP
1992	+536.7%	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP
1995	+150.1%	0.0002 million SLC per US$ of GDP	0.0004 million SLC per US$ of GDP

Averages by decade

Decade	Average	Lowest	Highest	Years
1990s	0.0003 million SLC per US$ of GDP	0 million SLC per US$ of GDP	0.0006 million SLC per US$ of GDP	9
2000s	0.0005 million SLC per US$ of GDP	0.0003 million SLC per US$ of GDP	0.0006 million SLC per US$ of GDP	10
2010s	0.0004 million SLC per US$ of GDP	0.0004 million SLC per US$ of GDP	0.0005 million SLC per US$ of GDP	10
2020s	0.0004 million SLC per US$ of GDP	0.0004 million SLC per US$ of GDP	0.0005 million SLC per US$ of GDP	5

Countries ranked near Armenia

39 Mali 0.0005 million SLC per US$ of GDP compare
40 Kazakhstan 0.0005 million SLC per US$ of GDP compare
41 Comoros 0.0004 million SLC per US$ of GDP compare
43 Hungary 0.0004 million SLC per US$ of GDP compare
44 Sri Lanka 0.0003 million SLC per US$ of GDP compare
45 Pakistan 0.0003 million SLC per US$ of GDP compare

See the full ranking of 191 places →

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)

All data for Armenia →

Frequently asked questions

What is gross domestic product — value standard local currency, per unit of in Armenia?: Gross domestic product — value standard local currency, per unit of in Armenia was 0.0004 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, per unit of recorded in Armenia?: The highest recorded value was 0.0006 million SLC per US$ of GDP in 2003.
What is the lowest gross domestic product — value standard local currency, per unit of recorded in Armenia?: The lowest recorded value was 0 million SLC per US$ of GDP in 1991.
How does Armenia rank for gross domestic product — value standard local currency, per unit of?: Armenia ranks 42nd out of 191 countries with data for 2024.
Is gross domestic product — value standard local currency, per unit of rising or falling in Armenia?: Over the last ten years it is down 5.7%. The long-run trend across the full record is rising.
Where does this Armenia data come from?: The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, per unit of GDP. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, per unit of in Armenia. Statizoid, drawing on Statizoid (derived). Retrieved 23 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-per-unit-of-gdp/armenia/

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How this figure is calculated

Gross Domestic Product — Value Standard Local Currency 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 — Value Standard Local Currency ÷ GDP (current US$)

Computed from

Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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

Indicator: Gross Domestic Product — Value Standard Local Currency, per unit of GDP
Unit: million SLC per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 191 places, 9,350 data points, 1970–2024
Last refreshed: 19 September 2026

Gross Domestic Product — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.