Services, value added (constant 2015 US$), annual growth rate in Armenia
Armenia: Services, value added (constant 2015 US$), annual growth rate was 6.9 % change on previous year in 2025. ◆ Volatile
Services, value added (constant 2015 US$), annual growth rate in Armenia, 1991–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Armenia recorded 6.9 % change on previous year for services, value added (constant 2015 us$), annual growth rate in 2025.
Compared with earlier readings it is down 16.9% on the previous year and up 590.0% over ten years.
Over the whole period, services, value added (constant 2015 us$), annual growth rate in Armenia peaked at 57.73 % change on previous year in 1992 and was at its lowest, -22.69 % change on previous year, in 1993.
Armenia ranks 23rd of 195 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (constant 2015 US$), annual growth rate in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 0.7696 % change on previous year | — |
| 1992 | 57.73 % change on previous year | +7401.5% |
| 1993 | -22.69 % change on previous year | -139.3% |
| 1994 | 7.14 % change on previous year | -131.5% |
| 1995 | 15.67 % change on previous year | +119.4% |
| 1996 | 5.48 % change on previous year | -65.0% |
| 1997 | 4.85 % change on previous year | -11.5% |
| 1998 | 4.51 % change on previous year | -7.1% |
| 1999 | 4.34 % change on previous year | -3.6% |
| 2000 | -6.13 % change on previous year | -241.3% |
| 2001 | 9.95 % change on previous year | -262.1% |
| 2002 | 16.39 % change on previous year | +64.8% |
| 2003 | 12.58 % change on previous year | -23.3% |
| 2004 | 12.89 % change on previous year | +2.5% |
| 2005 | 16.5 % change on previous year | +28.0% |
| 2006 | 22.16 % change on previous year | +34.4% |
| 2007 | 10.75 % change on previous year | -51.5% |
| 2008 | 5.34 % change on previous year | -50.4% |
| 2009 | -6.84 % change on previous year | -228.1% |
| 2010 | 8.52 % change on previous year | -224.7% |
| 2011 | -1.74 % change on previous year | -120.4% |
| 2012 | 5.36 % change on previous year | -408.0% |
| 2013 | 2.8 % change on previous year | -47.7% |
| 2014 | 6.7 % change on previous year | +139.3% |
| 2015 | 1 % change on previous year | -85.1% |
| 2016 | 3.4 % change on previous year | +240.0% |
| 2017 | 10.4 % change on previous year | +205.9% |
| 2018 | 9.2 % change on previous year | -11.5% |
| 2019 | 9.8 % change on previous year | +6.5% |
| 2020 | -8.7 % change on previous year | -188.8% |
| 2021 | 7.6 % change on previous year | -187.4% |
| 2022 | 17.8 % change on previous year | +134.2% |
| 2023 | 13.1 % change on previous year | -26.4% |
| 2024 | 8.3 % change on previous year | -36.6% |
| 2025 | 6.9 % change on previous year | -16.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.65 % change on previous year | -22.69 % change on previous year | 57.73 % change on previous year | 9 |
| 2000s | 9.36 % change on previous year | -6.84 % change on previous year | 22.16 % change on previous year | 10 |
| 2010s | 5.54 % change on previous year | -1.74 % change on previous year | 10.4 % change on previous year | 10 |
| 2020s | 7.5 % change on previous year | -8.7 % change on previous year | 17.8 % change on previous year | 6 |
Countries ranked near Armenia
- 20 Côte d'Ivoire 7.29 % change on previous year compare
- 21 Libya 7.16 % change on previous year compare
- 22 Mali 7.14 % change on previous year compare
- 24 Congo, Democratic Republic of the 6.78 % change on previous year compare
- 25 Gambia 6.64 % change on previous year compare
- 26 Burundi 6.52 % change on previous year 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 (current US$), annual growth rate 11.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6134 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,811 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.86 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 237.38 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 2.25 million current LCU per person (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3609 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 3,419 constant 2015 US$ per person (2025)
Frequently asked questions
- What is services, value added (constant 2015 us$), annual growth rate in Armenia?
- Services, value added (constant 2015 us$), annual growth rate in Armenia was 6.9 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), annual growth rate recorded in Armenia?
- The highest recorded value was 57.73 % change on previous year in 1992.
- What is the lowest services, value added (constant 2015 us$), annual growth rate recorded in Armenia?
- The lowest recorded value was -22.69 % change on previous year in 1993.
- How does Armenia rank for services, value added (constant 2015 us$), annual growth rate?
- Armenia ranks 23rd out of 195 countries with data for 2025.
- Is services, value added (constant 2015 us$), annual growth rate rising or falling in Armenia?
- Over the last ten years it is up 590.0%. 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 Services, value added (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
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 Services, value added (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.