Merchandise trade as a proportion of GDP in Armenia
Armenia: Merchandise trade as a proportion of GDP was 116.2% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Armenia recorded 116.2% for merchandise trade as a proportion of gdp in 2024. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 31.9% on the previous year and up 127.9% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Armenia peaked at 116.2% in 2024 and was at its lowest, 44.8%, in 2015.
That places Armenia 20th out of 218 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 61.5% | — |
| 2001 | 57.4% | -6.6% |
| 2002 | 62.8% | +9.3% |
| 2003 | 70.0% | +11.6% |
| 2004 | 58.0% | -17.2% |
| 2005 | 56.6% | -2.3% |
| 2006 | 49.8% | -12.2% |
| 2007 | 48.0% | -3.5% |
| 2008 | 47.0% | -2.1% |
| 2009 | 46.6% | -0.9% |
| 2010 | 51.8% | +11.1% |
| 2011 | 54.0% | +4.4% |
| 2012 | 53.1% | -1.7% |
| 2013 | 53.6% | +0.8% |
| 2014 | 51.0% | -4.8% |
| 2015 | 44.8% | -12.2% |
| 2016 | 48.0% | +7.3% |
| 2017 | 55.8% | +16.2% |
| 2018 | 59.2% | +6.1% |
| 2019 | 59.9% | +1.1% |
| 2020 | 56.2% | -6.2% |
| 2021 | 60.4% | +7.5% |
| 2022 | 72.4% | +19.9% |
| 2023 | 88.1% | +21.7% |
| 2024 | 116.2% | +31.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 55.8% | 46.6% | 70.0% | 10 |
| 2010s | 53.1% | 44.8% | 59.9% | 10 |
| 2020s | 78.7% | 56.2% | 116.2% | 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)
- Exports of goods and services (current LCU), annual growth rate -27.47 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 186.15 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 1.76 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate -30.5 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2929 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 2,775 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 12.99 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2142 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Armenia?
- Merchandise trade as a proportion of gdp in Armenia was 116.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Armenia?
- The highest recorded value was 116.2% in 2024.
- What is the lowest merchandise trade as a proportion of gdp recorded in Armenia?
- The lowest recorded value was 44.8% in 2015.
- How does Armenia rank for merchandise trade as a proportion of gdp?
- Armenia ranks 20th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Armenia?
- Over the last ten years it is up 127.9%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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