Gross Domestic Product — Value US$, 2015 prices in Armenia
Armenia: Gross Domestic Product — Value US$, 2015 prices was 16,388 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Armenia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Armenia recorded 16,388 million USD for gross domestic product — value us$, 2015 prices in 2024. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 5.9% on the previous year and up 60.3% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Armenia peaked at 16,388 million USD in 2024 and was at its lowest, 2,696 million USD, in 1993.
Armenia ranks 123rd of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 34 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Armenia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 5,076 million USD | — |
| 1992 | 2,957 million USD | -41.8% |
| 1993 | 2,696 million USD | -8.8% |
| 1994 | 2,840 million USD | +5.3% |
| 1995 | 3,036 million USD | +6.9% |
| 1996 | 3,215 million USD | +5.9% |
| 1997 | 3,321 million USD | +3.3% |
| 1998 | 3,565 million USD | +7.3% |
| 1999 | 3,681 million USD | +3.3% |
| 2000 | 3,898 million USD | +5.9% |
| 2001 | 4,271 million USD | +9.6% |
| 2002 | 4,914 million USD | +15.1% |
| 2003 | 5,604 million USD | +14.0% |
| 2004 | 6,190 million USD | +10.5% |
| 2005 | 7,048 million USD | +13.9% |
| 2006 | 7,979 million USD | +13.2% |
| 2007 | 9,076 million USD | +13.7% |
| 2008 | 9,706 million USD | +6.9% |
| 2009 | 8,333 million USD | -14.1% |
| 2010 | 8,517 million USD | +2.2% |
| 2011 | 8,913 million USD | +4.7% |
| 2012 | 9,552 million USD | +7.2% |
| 2013 | 9,863 million USD | +3.3% |
| 2014 | 10,223 million USD | +3.6% |
| 2015 | 10,553 million USD | +3.2% |
| 2016 | 10,572 million USD | +0.2% |
| 2017 | 11,367 million USD | +7.5% |
| 2018 | 11,959 million USD | +5.2% |
| 2019 | 12,871 million USD | +7.6% |
| 2020 | 11,950 million USD | -7.2% |
| 2021 | 12,642 million USD | +5.8% |
| 2022 | 14,233 million USD | +12.6% |
| 2023 | 15,475 million USD | +8.7% |
| 2024 | 16,388 million USD | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3,376 million USD | 2,696 million USD | 5,076 million USD | 9 |
| 2000s | 6,702 million USD | 3,898 million USD | 9,706 million USD | 10 |
| 2010s | 10,439 million USD | 8,517 million USD | 12,871 million USD | 10 |
| 2020s | 14,138 million USD | 11,950 million USD | 16,388 million USD | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 11.79 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8935 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 8,465 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 10.16 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 345.81 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 3.28 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 6.8 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5394 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Armenia?
- Gross domestic product — value us$, 2015 prices in Armenia was 16,388 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Armenia?
- The highest recorded value was 16,388 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Armenia?
- The lowest recorded value was 2,696 million USD in 1993.
- How does Armenia rank for gross domestic product — value us$, 2015 prices?
- Armenia ranks 123rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
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).