Total FDI inflows — Value US$ in Armenia

Armenia: Total FDI inflows — Value US$ was 442.64 million USD in 2023. ◆ Volatile

Latest (2023)
442.64 million USD
Change on year
down 56.4%
World rank
117th
of 191 countries
All-time high
1,114 million USD
in 2008
All-time low
0.8 million USD
in 1993
Years of data
34
1990–2023

Total FDI inflows — Value US$ in Armenia, 1990–2023

02505007501.0k1990200620231990: 3.9 million USD1991: 19.6 million USD1992: 2.4 million USD1993: 0.8 million USD1994: 8 million USD1995: 25.3 million USD1996: 17.6 million USD1997: 51.9 million USD1998: 232.4 million USD1999: 122 million USD2000: 104.2 million USD2001: 69.9 million USD2002: 110.8 million USD2003: 217.7 million USD2004: 235.2 million USD2005: 303.7 million USD2006: 436.7 million USD2007: 675.3 million USD2008: 1.1k million USD2009: 828.7 million USD2010: 535.7 million USD2011: 703.2 million USD2012: 598.5 million USD2013: 304.4 million USD2014: 289.5 million USD2015: 178.3 million USD2016: 333.7 million USD2017: 253.1 million USD2018: 266.8 million USD2019: 100.9 million USD2020: 58.1 million USD2021: 362.2 million USD2022: 1.0k million USD2023: 442.6 million USD

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

In 2023, total fdi inflows — value us$ in Armenia stood at 442.64 million USD.

Compared with earlier readings it is down 56.4% on the previous year and up 45.4% over ten years.

Over the whole period, total fdi inflows — value us$ in Armenia peaked at 1,114 million USD in 2008 and was at its lowest, 0.8 million USD, in 1993.

That places Armenia 117th out of 191 countries with data for 2023, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Total FDI inflows — Value US$ in Armenia, year by year

Annual values for Total FDI inflows — Value US$ in Armenia, 1990 to 2023.
Year million USD Change
1990 3.9 million USD —
1991 19.62 million USD +403.1%
1992 2.4 million USD -87.8%
1993 0.8 million USD -66.7%
1994 8 million USD +900.0%
1995 25.32 million USD +216.5%
1996 17.57 million USD -30.6%
1997 51.94 million USD +195.6%
1998 232.38 million USD +347.4%
1999 122.03 million USD -47.5%
2000 104.2 million USD -14.6%
2001 69.9 million USD -32.9%
2002 110.8 million USD +58.5%
2003 217.72 million USD +96.5%
2004 235.16 million USD +8.0%
2005 303.71 million USD +29.1%
2006 436.71 million USD +43.8%
2007 675.35 million USD +54.6%
2008 1,114 million USD +64.9%
2009 828.74 million USD -25.6%
2010 535.74 million USD -35.4%
2011 703.23 million USD +31.3%
2012 598.45 million USD -14.9%
2013 304.43 million USD -49.1%
2014 289.51 million USD -4.9%
2015 178.32 million USD -38.4%
2016 333.73 million USD +87.2%
2017 253.06 million USD -24.2%
2018 266.8 million USD +5.4%
2019 100.92 million USD -62.2%
2020 58.12 million USD -42.4%
2021 362.15 million USD +523.1%
2022 1,016 million USD +180.6%
2023 442.64 million USD -56.4%

Armenia compared with similar countries

  • Armenia's 442.64 million USD is below the median for upper middle income countries, which is 760.67 million USD, 58% of the median. (50 countries reporting)
  • Armenia's 442.64 million USD is below the median for Europe & Central Asia, which is 3,447 million USD, 13% of the median. (43 countries reporting)

Biggest year-on-year movements

Years where Total FDI inflows — Value US$ 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.

YearChange FromTo
1994 +900.0% 0.8 million USD 8 million USD
2021 +523.1% 58.12 million USD 362.15 million USD

Averages by decade

DecadeAverage LowestHighest Years
1990s 48.4 million USD 0.8 million USD 232.38 million USD 10
2000s 409.62 million USD 69.9 million USD 1,114 million USD 10
2010s 356.42 million USD 100.92 million USD 703.23 million USD 10
2020s 469.77 million USD 58.12 million USD 1,016 million USD 4

Countries ranked near Armenia

  1. 114 Montenegro 526.25 million USD compare
  2. 115 Rwanda 523.27 million USD compare
  3. 116 Kyrgyzstan 490.4 million USD compare
  4. 118 Benin 433.85 million USD compare
  5. 119 Jamaica 430.87 million USD compare
  6. 120 Madagascar 414.54 million USD compare

See the full ranking of 239 places →

More economy & growth data for Armenia

All data for Armenia →

Frequently asked questions

What is total fdi inflows — value us$ in Armenia?
Total fdi inflows — value us$ in Armenia was 442.64 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
What is the highest total fdi inflows — value us$ recorded in Armenia?
The highest recorded value was 1,114 million USD in 2008.
What is the lowest total fdi inflows — value us$ recorded in Armenia?
The lowest recorded value was 0.8 million USD in 1993.
How does Armenia rank for total fdi inflows — value us$?
Armenia ranks 117th out of 191 countries with data for 2023.
Is total fdi inflows — value us$ rising or falling in Armenia?
Over the last ten years it is up 45.4%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Food and Agriculture Organization of the United Nations, published as part of Total FDI inflows — Value US$. Statizoid updates them automatically from the source API.

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Total FDI inflows — Value US$ in Armenia. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 26 September 2026, from https://economy.statizoid.com/stat/total-fdi-inflows-value-us/armenia/

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About this data

Indicator
Total FDI inflows — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
239 places, 7,713 data points, 1990–2023
Last refreshed

FDI is an investment which aims to acquire a lasting management influence (10 percent or more of the voting stock) in an enterprise operating in a foreign economy. FDI may be undertaken by individuals, as well as business entities. The foreign direct investor most often is aiming to gain access to natural resources, to markets, to labour supply, to technology, to ensure security of supplies or to control the quality of a certain product. FDI can be decomposed into two types of investments: mergers and acquisitions (MA) and greenfield investments. The latter type results in the creation of new entities and the setting up of offices, buildings, plants or factories from scratch in a foreign economy. FDI is the sum of equity capital, reinvested earnings and other FDI capital. Equity capital comprises equity in branches, all shares in subsidiaries and associates (except non-participating, preferred shares that are treated as debt securities and are included under other FDI capital) and other contributions such as the provision of machinery. Reinvested earnings consist of the direct investor's share (in proportion to equity participation) of earnings not distributed by the direct investment enterprise. Other FDI capital (loans) includes the borrowing and lending of funds, including debt securities and trade credits between direct investors and direct investment enterprises. FDI inflows and outflows are important for tracking the direct investment conditions each year. Outward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions from the reporting economy during a year. It represents transactions affecting the investment in enterprises resident abroad. Whereas, Inward Foreign Direct Investment (FDI) flows record the value of cross-border direct investment transactions received by the reporting economy during a year. It represents transactions affecting the investment in enterprises of a specific industry resident in the reporting economy.