Services, value added in Armenia
Armenia: Services, value added was 10.55 billion constant 2015 US$ in 2025. ◆ Volatile
Services, value added in Armenia, 1990–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
The most recent figure for services, value added in Armenia is 10.55 billion constant 2015 US$, measured in 2025. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 6.9% on the previous year and up 107.4% over ten years.
Over the whole period, services, value added in Armenia peaked at 10.55 billion constant 2015 US$ in 2025 and was at its lowest, 942.65 million constant 2015 US$, in 1990.
Armenia ranks 116th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added in Armenia, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1990 | 942.65 million constant 2015 US$ | — |
| 1991 | 949.91 million constant 2015 US$ | +0.8% |
| 1992 | 1.50 billion constant 2015 US$ | +57.7% |
| 1993 | 1.16 billion constant 2015 US$ | -22.7% |
| 1994 | 1.24 billion constant 2015 US$ | +7.1% |
| 1995 | 1.44 billion constant 2015 US$ | +15.7% |
| 1996 | 1.51 billion constant 2015 US$ | +5.5% |
| 1997 | 1.59 billion constant 2015 US$ | +4.8% |
| 1998 | 1.66 billion constant 2015 US$ | +4.5% |
| 1999 | 1.73 billion constant 2015 US$ | +4.3% |
| 2000 | 1.63 billion constant 2015 US$ | -6.1% |
| 2001 | 1.79 billion constant 2015 US$ | +9.9% |
| 2002 | 2.08 billion constant 2015 US$ | +16.4% |
| 2003 | 2.34 billion constant 2015 US$ | +12.6% |
| 2004 | 2.64 billion constant 2015 US$ | +12.9% |
| 2005 | 3.08 billion constant 2015 US$ | +16.5% |
| 2006 | 3.76 billion constant 2015 US$ | +22.2% |
| 2007 | 4.17 billion constant 2015 US$ | +10.8% |
| 2008 | 4.39 billion constant 2015 US$ | +5.3% |
| 2009 | 4.09 billion constant 2015 US$ | -6.8% |
| 2010 | 4.44 billion constant 2015 US$ | +8.5% |
| 2011 | 4.36 billion constant 2015 US$ | -1.7% |
| 2012 | 4.59 billion constant 2015 US$ | +5.4% |
| 2013 | 4.72 billion constant 2015 US$ | +2.8% |
| 2014 | 5.04 billion constant 2015 US$ | +6.7% |
| 2015 | 5.09 billion constant 2015 US$ | +1.0% |
| 2016 | 5.26 billion constant 2015 US$ | +3.4% |
| 2017 | 5.81 billion constant 2015 US$ | +10.4% |
| 2018 | 6.34 billion constant 2015 US$ | +9.2% |
| 2019 | 6.96 billion constant 2015 US$ | +9.8% |
| 2020 | 6.36 billion constant 2015 US$ | -8.7% |
| 2021 | 6.84 billion constant 2015 US$ | +7.6% |
| 2022 | 8.06 billion constant 2015 US$ | +17.8% |
| 2023 | 9.12 billion constant 2015 US$ | +13.1% |
| 2024 | 9.87 billion constant 2015 US$ | +8.3% |
| 2025 | 10.55 billion constant 2015 US$ | +6.9% |
Armenia compared with similar countries
- Armenia's 10.55 billion constant 2015 US$ is below the median for upper middle income countries, which is 26.58 billion constant 2015 US$, 40% of the median. (58 countries reporting)
- Armenia's 10.55 billion constant 2015 US$ is below the median for Europe & Central Asia, which is 47.31 billion constant 2015 US$, 22% of the median. (53 countries reporting)
Biggest year-on-year movements
Years where Services, value added in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1992 | +57.7% | 949.91 million constant 2015 US$ | 1.50 billion constant 2015 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.37 billion constant 2015 US$ | 942.65 million constant 2015 US$ | 1.73 billion constant 2015 US$ | 10 |
| 2000s | 3.00 billion constant 2015 US$ | 1.63 billion constant 2015 US$ | 4.39 billion constant 2015 US$ | 10 |
| 2010s | 5.26 billion constant 2015 US$ | 4.36 billion constant 2015 US$ | 6.96 billion constant 2015 US$ | 10 |
| 2020s | 8.47 billion constant 2015 US$ | 6.36 billion constant 2015 US$ | 10.55 billion constant 2015 US$ | 6 |
Countries ranked near Armenia
- 113 Bosnia and Herzegovina 12.58 billion constant 2015 US$ compare
- 114 Botswana 11.95 billion constant 2015 US$ compare
- 115 Jamaica 10.66 billion constant 2015 US$ compare
- 117 Bahamas 10.48 billion constant 2015 US$ compare
- 118 Sudan 10.34 billion constant 2015 US$ compare
- 119 Mauritius 10.31 billion constant 2015 US$ 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)
- 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$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is services, value added in Armenia?
- Services, value added in Armenia was 10.55 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Armenia?
- The highest recorded value was 10.55 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Armenia?
- The lowest recorded value was 942.65 million constant 2015 US$ in 1990.
- How does Armenia rank for services, value added?
- Armenia ranks 116th out of 196 countries with data for 2025.
- Is services, value added rising or falling in Armenia?
- Over the last ten years it is up 107.4%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defense, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.