Revenue, excluding grants in Armenia
Armenia: Revenue, excluding grants was 24.1% in 2024. ▲ Rising
Revenue, excluding grants in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for revenue, excluding grants in Armenia is 24.1%, measured in 2024.
Compared with earlier readings it is up 1.1% on the previous year and down 1.5% over ten years.
Over the whole period, revenue, excluding grants in Armenia peaked at 24.5% in 2014 and was at its lowest, 18.2%, in 2004.
Armenia ranks 89th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Revenue, excluding grants in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 18.2% | — |
| 2005 | 19.3% | +6.1% |
| 2006 | 19.8% | +2.4% |
| 2007 | 21.4% | +8.2% |
| 2008 | 22.9% | +6.9% |
| 2009 | 22.3% | -2.7% |
| 2010 | 22.6% | +1.8% |
| 2011 | 22.7% | +0.3% |
| 2012 | 22.6% | -0.6% |
| 2013 | 24.1% | +6.7% |
| 2014 | 24.5% | +1.6% |
| 2015 | 23.1% | -5.8% |
| 2016 | 22.8% | -1.1% |
| 2017 | 22.5% | -1.4% |
| 2018 | 22.5% | -0.3% |
| 2019 | 23.9% | +6.6% |
| 2020 | 24.1% | +0.8% |
| 2021 | 23.4% | -3.1% |
| 2022 | 23.5% | +0.3% |
| 2023 | 23.9% | +1.8% |
| 2024 | 24.1% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.6% | 18.2% | 22.9% | 6 |
| 2010s | 23.1% | 22.5% | 24.5% | 10 |
| 2020s | 23.8% | 23.4% | 24.1% | 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)
- Households and NPISHs Final consumption expenditure (current LCU) 15.55 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 275.18 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 2.61 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 10.7 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4322 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4,095 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 15.97 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.813 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is revenue, excluding grants in Armenia?
- Revenue, excluding grants in Armenia was 24.1% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Armenia?
- The highest recorded value was 24.5% in 2014.
- What is the lowest revenue, excluding grants recorded in Armenia?
- The lowest recorded value was 18.2% in 2004.
- How does Armenia rank for revenue, excluding grants?
- Armenia ranks 89th out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in Armenia?
- Over the last ten years it is down 1.5%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.