Gross Domestic Product — Value US$ in Armenia
Armenia: Gross Domestic Product — Value US$ was 25,929 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Armenia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Armenia recorded 25,929 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 34 years on record.
The figure is up 7.1% on the previous year and up 123.3% over ten years.
Over the whole period, gross domestic product — value us$ in Armenia peaked at 25,929 million USD in 2024 and was at its lowest, 1,136 million USD, in 1993.
Armenia ranks 114th of 203 countries on this measure, 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 US$ in Armenia, year by year
| Year | million USD | Change |
|---|---|---|
| 1991 | 1,989 million USD | — |
| 1992 | 1,199 million USD | -39.7% |
| 1993 | 1,136 million USD | -5.2% |
| 1994 | 1,242 million USD | +9.3% |
| 1995 | 1,372 million USD | +10.5% |
| 1996 | 1,703 million USD | +24.1% |
| 1997 | 1,748 million USD | +2.6% |
| 1998 | 2,018 million USD | +15.5% |
| 1999 | 1,968 million USD | -2.5% |
| 2000 | 2,039 million USD | +3.6% |
| 2001 | 2,259 million USD | +10.8% |
| 2002 | 2,534 million USD | +12.2% |
| 2003 | 2,994 million USD | +18.1% |
| 2004 | 3,814 million USD | +27.4% |
| 2005 | 5,226 million USD | +37.0% |
| 2006 | 6,809 million USD | +30.3% |
| 2007 | 9,818 million USD | +44.2% |
| 2008 | 12,437 million USD | +26.7% |
| 2009 | 9,222 million USD | -25.8% |
| 2010 | 9,875 million USD | +7.1% |
| 2011 | 10,816 million USD | +9.5% |
| 2012 | 10,619 million USD | -1.8% |
| 2013 | 11,122 million USD | +4.7% |
| 2014 | 11,610 million USD | +4.4% |
| 2015 | 10,553 million USD | -9.1% |
| 2016 | 10,546 million USD | -0.1% |
| 2017 | 11,528 million USD | +9.3% |
| 2018 | 12,458 million USD | +8.1% |
| 2019 | 13,619 million USD | +9.3% |
| 2020 | 12,642 million USD | -7.2% |
| 2021 | 13,879 million USD | +9.8% |
| 2022 | 19,514 million USD | +40.6% |
| 2023 | 24,219 million USD | +24.1% |
| 2024 | 25,929 million USD | +7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,597 million USD | 1,136 million USD | 2,018 million USD | 9 |
| 2000s | 5,715 million USD | 2,039 million USD | 12,437 million USD | 10 |
| 2010s | 11,275 million USD | 9,875 million USD | 13,619 million USD | 10 |
| 2020s | 19,236 million USD | 12,642 million USD | 25,929 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)
- GNI (current LCU), annual growth rate 11.64 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 375.49 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 3.56 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 4.49 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.88 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 20.64 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1065 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 1,009 current US$ per person (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Armenia?
- Gross domestic product — value us$ in Armenia was 25,929 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Armenia?
- The highest recorded value was 25,929 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Armenia?
- The lowest recorded value was 1,136 million USD in 1993.
- How does Armenia rank for gross domestic product — value us$?
- Armenia ranks 114th out of 203 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Armenia?
- Over the last ten years it is up 123.3%. The long-run trend across the full record is volatile.
- 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$. 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).