Services, value added (constant LCU) in Armenia
Armenia: Services, value added (constant LCU) was 4.48 trillion constant LCU in 2025. ◆ Volatile
Services, value added in Armenia, 1990–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
In 2025, services, value added in Armenia stood at 4.48 trillion constant LCU. 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 4.48 trillion constant LCU in 2025 and was at its lowest, 400.18 billion constant LCU, in 1990.
Armenia ranks 45th of 199 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 LCU) in Armenia, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1990 | 400.18 billion constant LCU | — |
| 1991 | 403.26 billion constant LCU | +0.8% |
| 1992 | 636.07 billion constant LCU | +57.7% |
| 1993 | 491.76 billion constant LCU | -22.7% |
| 1994 | 526.89 billion constant LCU | +7.1% |
| 1995 | 609.48 billion constant LCU | +15.7% |
| 1996 | 642.88 billion constant LCU | +5.5% |
| 1997 | 674.06 billion constant LCU | +4.8% |
| 1998 | 704.42 billion constant LCU | +4.5% |
| 1999 | 735.01 billion constant LCU | +4.3% |
| 2000 | 689.92 billion constant LCU | -6.1% |
| 2001 | 758.54 billion constant LCU | +9.9% |
| 2002 | 882.86 billion constant LCU | +16.4% |
| 2003 | 993.88 billion constant LCU | +12.6% |
| 2004 | 1.12 trillion constant LCU | +12.9% |
| 2005 | 1.31 trillion constant LCU | +16.5% |
| 2006 | 1.60 trillion constant LCU | +22.2% |
| 2007 | 1.77 trillion constant LCU | +10.7% |
| 2008 | 1.86 trillion constant LCU | +5.3% |
| 2009 | 1.74 trillion constant LCU | -6.8% |
| 2010 | 1.88 trillion constant LCU | +8.5% |
| 2011 | 1.85 trillion constant LCU | -1.7% |
| 2012 | 1.95 trillion constant LCU | +5.4% |
| 2013 | 2.00 trillion constant LCU | +2.8% |
| 2014 | 2.14 trillion constant LCU | +6.7% |
| 2015 | 2.16 trillion constant LCU | +1.0% |
| 2016 | 2.23 trillion constant LCU | +3.4% |
| 2017 | 2.47 trillion constant LCU | +10.4% |
| 2018 | 2.69 trillion constant LCU | +9.2% |
| 2019 | 2.96 trillion constant LCU | +9.8% |
| 2020 | 2.70 trillion constant LCU | -8.7% |
| 2021 | 2.90 trillion constant LCU | +7.6% |
| 2022 | 3.42 trillion constant LCU | +17.8% |
| 2023 | 3.87 trillion constant LCU | +13.1% |
| 2024 | 4.19 trillion constant LCU | +8.3% |
| 2025 | 4.48 trillion constant LCU | +6.9% |
Armenia compared with similar countries
- Armenia's 4.48 trillion constant LCU is above the median for upper middle income countries, which is 353.44 billion constant LCU, 12.7× the median. (58 countries reporting)
- Armenia's 4.48 trillion constant LCU is above the median for Europe & Central Asia, which is 280.65 billion constant LCU, 16.0× the median. (54 countries reporting)
Biggest year-on-year movements
Years where Services, value added (constant LCU) 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% | 403.26 billion constant LCU | 636.07 billion constant LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 582.40 billion constant LCU | 400.18 billion constant LCU | 735.01 billion constant LCU | 10 |
| 2000s | 1.27 trillion constant LCU | 689.92 billion constant LCU | 1.86 trillion constant LCU | 10 |
| 2010s | 2.23 trillion constant LCU | 1.85 trillion constant LCU | 2.96 trillion constant LCU | 10 |
| 2020s | 3.59 trillion constant LCU | 2.70 trillion constant LCU | 4.48 trillion constant LCU | 6 |
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)
- SDRs holdings, US dollar, annual growth rate -34.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -37.57 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2994 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -31.41 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0088 units per US$ of GDP (2025)
Frequently asked questions
- What is services, value added in Armenia?
- Services, value added in Armenia was 4.48 trillion constant LCU 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 4.48 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in Armenia?
- The lowest recorded value was 400.18 billion constant LCU in 1990.
- How does Armenia rank for services, value added?
- Armenia ranks 45th out of 199 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 LCU). 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 defence, 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 varies by country. This series is expressed in local currency units.