Gross National Income — Value Standard Local Currency, annual growth in Armenia
Armenia: Gross National Income — Value Standard Local Currency, annual growth was 11.81 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Armenia, 1992–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Armenia recorded 11.81 % change on previous year for gross national income — value standard local currency, annual growth in 2023.
Compared with earlier readings it is down 45.3% on the previous year and up 31.3% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Armenia peaked at 290.62 % change on previous year in 1992 and was at its lowest, -13.75 % change on previous year, in 2009.
Armenia ranks 70th of 231 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 National Income — Value Standard Local Currency, annual growth in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 290.62 % change on previous year | — |
| 1995 | 178.93 % change on previous year | -38.4% |
| 1996 | 26.97 % change on previous year | -84.9% |
| 1997 | 21.62 % change on previous year | -19.8% |
| 1998 | 17.74 % change on previous year | -18.0% |
| 1999 | 3.21 % change on previous year | -81.9% |
| 2000 | 4.07 % change on previous year | +26.7% |
| 2001 | 15.28 % change on previous year | +275.3% |
| 2002 | 15.46 % change on previous year | +1.1% |
| 2003 | 18.51 % change on previous year | +19.7% |
| 2004 | 22.3 % change on previous year | +20.5% |
| 2005 | 17.21 % change on previous year | -22.8% |
| 2006 | 19.2 % change on previous year | +11.5% |
| 2007 | 18.17 % change on previous year | -5.4% |
| 2008 | 14.42 % change on previous year | -20.6% |
| 2009 | -13.75 % change on previous year | -195.3% |
| 2010 | 12.02 % change on previous year | -187.4% |
| 2011 | 11.13 % change on previous year | -7.4% |
| 2012 | 4.73 % change on previous year | -57.5% |
| 2013 | 8.99 % change on previous year | +90.1% |
| 2014 | 4.36 % change on previous year | -51.5% |
| 2015 | 4.01 % change on previous year | -7.8% |
| 2016 | -1.21 % change on previous year | -130.0% |
| 2017 | 11.11 % change on previous year | -1021.3% |
| 2018 | 6.27 % change on previous year | -43.5% |
| 2019 | 8.28 % change on previous year | +31.9% |
| 2020 | -8.2 % change on previous year | -199.0% |
| 2021 | 11.52 % change on previous year | -240.5% |
| 2022 | 21.59 % change on previous year | +87.4% |
| 2023 | 11.81 % change on previous year | -45.3% |
Armenia compared with similar countries
- Armenia's 11.81 % change on previous year is above the median for upper middle income countries, which is 8.21 % change on previous year, 1.4× the median. (54 countries reporting)
- Armenia's 11.81 % change on previous year is above the median for Europe & Central Asia, which is 9.24 % change on previous year, 1.3× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross National Income — 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 | +1021.3% | -1.21 % change on previous year | 11.11 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 89.85 % change on previous year | 3.21 % change on previous year | 290.62 % change on previous year | 6 |
| 2000s | 13.09 % change on previous year | -13.75 % change on previous year | 22.3 % change on previous year | 10 |
| 2010s | 6.97 % change on previous year | -1.21 % change on previous year | 12.02 % change on previous year | 10 |
| 2020s | 9.18 % change on previous year | -8.2 % change on previous year | 21.59 % change on previous year | 4 |
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)
- 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 national income — value standard local currency, annual growth in Armenia?
- Gross national income — value standard local currency, annual growth in Armenia was 11.81 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Armenia?
- The highest recorded value was 290.62 % change on previous year in 1992.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Armenia?
- The lowest recorded value was -13.75 % change on previous year in 2009.
- How does Armenia rank for gross national income — value standard local currency, annual growth?
- Armenia ranks 70th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Armenia?
- Over the last ten years it is up 31.3%. 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 National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — 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 National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.