Gross domestic product (GDP) in Armenia
Armenia: Gross domestic product (GDP) was 7.08 billion current GBP in 2014. ◆ Volatile
Latest (2014)
7.08 billion current GBP
Change on year
down 0.5%
World rank
136th
of 200 countries
All-time high
7.11 billion current GBP
in 2013
All-time low
725.08 million current GBP
in 1992
Years of data
25
1990–2014
Gross domestic product (GDP) in Armenia, 1990–2014
Source: Fouquin and Hugot (2016) – processed by Our World in Data. Measured in current GBP.
Analysis
In 2014, gross domestic product (gdp) in Armenia stood at 7.08 billion current GBP.
The figure is down 0.5% on the previous year and up 262.3% over ten years.
Over the whole period, gross domestic product (gdp) in Armenia peaked at 7.11 billion current GBP in 2013 and was at its lowest, 725.08 million current GBP, in 1992.
That places Armenia 136th out of 200 countries with data for 2014, putting it 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 (GDP) in Armenia, year by year
| Year | current GBP | Change |
|---|---|---|
| 1990 | 1.27 billion current GBP | — |
| 1991 | 1.17 billion current GBP | -7.7% |
| 1992 | 725.08 million current GBP | -38.2% |
| 1993 | 800.98 million current GBP | +10.5% |
| 1994 | 859.36 million current GBP | +7.3% |
| 1995 | 930.43 million current GBP | +8.3% |
| 1996 | 1.02 billion current GBP | +10.0% |
| 1997 | 1.00 billion current GBP | -2.2% |
| 1998 | 1.14 billion current GBP | +14.2% |
| 1999 | 1.14 billion current GBP | -0.3% |
| 2000 | 1.26 billion current GBP | +10.8% |
| 2001 | 1.47 billion current GBP | +16.5% |
| 2002 | 1.59 billion current GBP | +7.7% |
| 2003 | 1.72 billion current GBP | +8.4% |
| 2004 | 1.95 billion current GBP | +13.6% |
| 2005 | 2.70 billion current GBP | +38.0% |
| 2006 | 3.47 billion current GBP | +28.7% |
| 2007 | 4.60 billion current GBP | +32.6% |
| 2008 | 6.34 billion current GBP | +37.9% |
| 2009 | 5.55 billion current GBP | -12.5% |
| 2010 | 5.99 billion current GBP | +8.0% |
| 2011 | 6.33 billion current GBP | +5.6% |
| 2012 | 6.72 billion current GBP | +6.2% |
| 2013 | 7.11 billion current GBP | +5.8% |
| 2014 | 7.08 billion current GBP | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.01 billion current GBP | 725.08 million current GBP | 1.27 billion current GBP | 10 |
| 2000s | 3.07 billion current GBP | 1.26 billion current GBP | 6.34 billion current GBP | 10 |
| 2010s | 6.65 billion current GBP | 5.99 billion current GBP | 7.11 billion current GBP | 5 |
Countries ranked near Armenia
- 133 Mongolia 7.43 billion current GBP compare
- 134 Nicaragua 7.17 billion current GBP compare
- 135 Lao People's Democratic Republic 7.12 billion current GBP compare
- 137 North Macedonia 6.88 billion current GBP compare
- 138 Madagascar 6.69 billion current GBP compare
- 139 Malta 6.17 billion current GBP compare
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)
- Services, value added (constant LCU), per capita 1.45 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.57 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gross domestic product (gdp) in Armenia?
- Gross domestic product (gdp) in Armenia was 7.08 billion current GBP in 2014, according to Fouquin and Hugot (2016) – processed by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Armenia?
- The highest recorded value was 7.11 billion current GBP in 2013.
- What is the lowest gross domestic product (gdp) recorded in Armenia?
- The lowest recorded value was 725.08 million current GBP in 1992.
- How does Armenia rank for gross domestic product (gdp)?
- Armenia ranks 136th out of 200 countries with data for 2014.
- Is gross domestic product (gdp) rising or falling in Armenia?
- Over the last ten years it is up 262.3%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Fouquin and Hugot (2016) – processed by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.