Gross Fixed Capital Formation — Value Standard Local Currency in Armenia
Armenia: Gross Fixed Capital Formation — Value Standard Local Currency was 2.20 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Armenia, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Armenia recorded 2.20 million million SLC for gross fixed capital formation — value standard local currency in 2024. That is the highest value across all 34 years on record.
That represents a change of up 11.3% on the previous year and up 127.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Armenia peaked at 2.20 million million SLC in 2024 and was at its lowest, 22.68 million SLC, in 1991.
Armenia ranks 47th of 202 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81,695 million SLC | 22.68 million SLC | 173,161 million SLC | 9 |
| 2000s | 731,834 million SLC | 203,061 million SLC | 1.52 million million SLC | 10 |
| 2010s | 1.02 million million SLC | 879,567 million SLC | 1.24 million million SLC | 10 |
| 2020s | 1.71 million million SLC | 1.10 million million SLC | 2.20 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)
- 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)
- Taxes less subsidies on products (current LCU), annual growth rate 18.88 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 41.2 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 390,326 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0019 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 522.27 (2025)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency in Armenia?
- Gross fixed capital formation — value standard local currency in Armenia was 2.20 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency recorded in Armenia?
- The highest recorded value was 2.20 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Armenia?
- The lowest recorded value was 22.68 million SLC in 1991.
- How does Armenia rank for gross fixed capital formation — value standard local currency?
- Armenia ranks 47th out of 202 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Armenia?
- Over the last ten years it is up 127.5%. 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 Fixed Capital Formation — Value Standard Local Currency. 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).