Taxes on income vs. taxes on goods and services in Armenia
Armenia: Taxes on income vs. taxes on goods and services was 12.3% in 2023. ▲ Rising
Taxes on income vs. taxes on goods and services in Armenia, 1995–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in % of GDP.
Analysis
The most recent figure for taxes on income vs. taxes on goods and services in Armenia is 12.3%, measured in 2023.
Compared with earlier readings it is down 5.4% on the previous year and up 22.9% over ten years.
Over the whole period, taxes on income vs. taxes on goods and services in Armenia peaked at 12.9% in 2022 and was at its lowest, 3.7%, in 1995.
That places Armenia 36th out of 187 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 29 years of available data.
Taxes on income vs. taxes on goods and services in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1995 | 3.7% | — |
| 1996 | 5.0% | +33.5% |
| 1997 | 7.2% | +45.4% |
| 1998 | 8.3% | +15.0% |
| 1999 | 9.1% | +9.9% |
| 2000 | 9.0% | -1.2% |
| 2001 | 9.4% | +4.3% |
| 2002 | 9.6% | +1.8% |
| 2003 | 9.0% | -5.5% |
| 2004 | 5.9% | -34.5% |
| 2005 | 6.4% | +8.8% |
| 2006 | 6.1% | -4.7% |
| 2007 | 9.1% | +48.2% |
| 2008 | 10.1% | +11.2% |
| 2009 | 9.4% | -7.1% |
| 2010 | 10.1% | +7.4% |
| 2011 | 9.7% | -3.6% |
| 2012 | 10.0% | +2.7% |
| 2013 | 10.0% | -0.3% |
| 2014 | 11.1% | +11.7% |
| 2015 | 9.4% | -15.8% |
| 2016 | 8.9% | -5.1% |
| 2017 | 8.8% | -1.2% |
| 2018 | 9.1% | +3.5% |
| 2019 | 11.6% | +27.9% |
| 2020 | 11.7% | +0.7% |
| 2021 | 12.5% | +6.5% |
| 2022 | 12.9% | +3.7% |
| 2023 | 12.3% | -5.4% |
Armenia compared with similar countries
- Armenia's 12.3% is above the median for upper middle income countries, which is 9.9%, 1.2× the median. (53 countries reporting)
- Armenia's 12.3% is above the median for Europe & Central Asia, which is 11.7%, 1.0× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.7% | 3.7% | 9.1% | 5 |
| 2000s | 8.4% | 5.9% | 10.1% | 10 |
| 2010s | 9.9% | 8.8% | 11.6% | 10 |
| 2020s | 12.3% | 11.7% | 12.9% | 4 |
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)
- 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 taxes on income vs. taxes on goods and services in Armenia?
- Taxes on income vs. taxes on goods and services in Armenia was 12.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on income vs. taxes on goods and services recorded in Armenia?
- The highest recorded value was 12.9% in 2022.
- What is the lowest taxes on income vs. taxes on goods and services recorded in Armenia?
- The lowest recorded value was 3.7% in 1995.
- How does Armenia rank for taxes on income vs. taxes on goods and services?
- Armenia ranks 36th out of 187 countries with data for 2023.
- Is taxes on income vs. taxes on goods and services rising or falling in Armenia?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on income vs. taxes on goods and services. Statizoid updates them automatically from the source API.
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About this data
Total taxes on income (individual and corporate) vs. total taxes on goods and services (including VAT and sales taxes), as a share of GDP.