Services, value added (current US$), annual growth rate in Armenia
Armenia: Services, value added (current US$), annual growth rate was 11.49 % change on previous year in 2025. ◆ Volatile
Services, value added (current US$), annual growth rate in Armenia, 2013–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, services, value added (current us$), annual growth rate in Armenia stood at 11.49 % change on previous year.
Compared with earlier readings it is up 12.2% on the previous year and up 251.8% over ten years.
Over the whole period, services, value added (current us$), annual growth rate in Armenia peaked at 47.32 % change on previous year in 2022 and was at its lowest, -8.44 % change on previous year, in 2020.
Armenia ranks 59th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services, value added (current US$), annual growth rate in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2013 | 4.84 % change on previous year | — |
| 2014 | 8.18 % change on previous year | +68.9% |
| 2015 | -7.56 % change on previous year | -192.4% |
| 2016 | 3.45 % change on previous year | -145.6% |
| 2017 | 11.18 % change on previous year | +223.9% |
| 2018 | 12.01 % change on previous year | +7.5% |
| 2019 | 12.14 % change on previous year | +1.1% |
| 2020 | -8.44 % change on previous year | -169.5% |
| 2021 | 9.45 % change on previous year | -212.0% |
| 2022 | 47.32 % change on previous year | +400.7% |
| 2023 | 34.48 % change on previous year | -27.1% |
| 2024 | 10.24 % change on previous year | -70.3% |
| 2025 | 11.49 % change on previous year | +12.2% |
Armenia compared with similar countries
- Armenia's 11.49 % change on previous year is above the median for upper middle income countries, which is 8.4 % change on previous year, 1.4× the median. (58 countries reporting)
- Armenia's 11.49 % change on previous year is above the median for Europe & Central Asia, which is 10.97 % change on previous year, 1.0× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.32 % change on previous year | -7.56 % change on previous year | 12.14 % change on previous year | 7 |
| 2020s | 17.42 % change on previous year | -8.44 % change on previous year | 47.32 % change on previous year | 6 |
Countries ranked near Armenia
- 56 Andorra 11.6 % change on previous year compare
- 57 Sweden 11.52 % change on previous year compare
- 58 Comoros 11.51 % change on previous year compare
- 60 Guinea 11.43 % change on previous year compare
- 61 Moldova 11.29 % change on previous year compare
- 62 Cape Verde 11.14 % 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)
- 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 (current us$), annual growth rate in Armenia?
- Services, value added (current us$), annual growth rate in Armenia was 11.49 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest services, value added (current us$), annual growth rate recorded in Armenia?
- The highest recorded value was 47.32 % change on previous year in 2022.
- What is the lowest services, value added (current us$), annual growth rate recorded in Armenia?
- The lowest recorded value was -8.44 % change on previous year in 2020.
- How does Armenia rank for services, value added (current us$), annual growth rate?
- Armenia ranks 59th out of 204 countries with data for 2025.
- Is services, value added (current us$), annual growth rate rising or falling in Armenia?
- Over the last ten years it is up 251.8%. 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 (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 13 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Services, value added (current US$). 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 (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.