Taxes on incomes of individuals and corporations as share of GDP in Armenia
Armenia: Taxes on incomes of individuals and corporations as share of GDP was 9.3% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Armenia, 1995–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, taxes on incomes of individuals and corporations as share of gdp in Armenia stood at 9.3%.
The figure is up 12.9% on the previous year and up 6.9% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Armenia peaked at 9.4% in 2016 and was at its lowest, 2.1%, in 2003.
That places Armenia 42nd out of 184 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 incomes of individuals and corporations as share of GDP in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 5.9% | — |
| 1996 | 3.9% | -33.1% |
| 1997 | 3.9% | -1.1% |
| 1998 | 3.3% | -15.8% |
| 1999 | 4.6% | +39.6% |
| 2000 | 3.8% | -17.4% |
| 2001 | 2.7% | -28.4% |
| 2002 | 2.5% | -6.4% |
| 2003 | 2.1% | -16.6% |
| 2004 | 2.7% | +29.7% |
| 2005 | 3.3% | +18.7% |
| 2006 | 3.8% | +16.3% |
| 2007 | 3.9% | +2.4% |
| 2008 | 3.9% | +1.0% |
| 2009 | 4.5% | +15.3% |
| 2010 | 4.4% | -3.0% |
| 2011 | 4.7% | +8.1% |
| 2012 | 4.9% | +4.0% |
| 2013 | 8.7% | +75.8% |
| 2014 | 8.5% | -2.4% |
| 2015 | 8.5% | +0.1% |
| 2016 | 9.4% | +10.7% |
| 2017 | 8.4% | -10.0% |
| 2018 | 9.1% | +7.9% |
| 2019 | 9.0% | -0.8% |
| 2020 | 9.1% | +0.3% |
| 2021 | 8.3% | -8.1% |
| 2022 | 8.2% | -1.5% |
| 2023 | 9.3% | +12.9% |
Armenia compared with similar countries
- Armenia's 9.3% is above the median for upper middle income countries, which is 5.7%, 1.6× the median. (54 countries reporting)
- Armenia's 9.3% is above the median for Europe & Central Asia, which is 8.9%, 1.0× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.3% | 3.3% | 5.9% | 5 |
| 2000s | 3.3% | 2.1% | 4.5% | 10 |
| 2010s | 7.6% | 4.4% | 9.4% | 10 |
| 2020s | 8.7% | 8.2% | 9.3% | 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 incomes of individuals and corporations as share of gdp in Armenia?
- Taxes on incomes of individuals and corporations as share of gdp in Armenia was 9.3% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Armenia?
- The highest recorded value was 9.4% in 2016.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Armenia?
- The lowest recorded value was 2.1% in 2003.
- How does Armenia rank for taxes on incomes of individuals and corporations as share of gdp?
- Armenia ranks 42nd out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Armenia?
- Over the last ten years it is up 6.9%. 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 incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.