Trade in services (% of GDP) in Armenia
Armenia: Trade in services (% of GDP) was 35.4% in 2025. ▲ Rising
Trade in services in Armenia, 1993–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, trade in services in Armenia stood at 35.4%.
Compared with earlier readings it is down 7.7% on the previous year and up 19.7% over ten years.
Over the whole period, trade in services in Armenia peaked at 38.4% in 2024 and was at its lowest, 4.8%, in 1994.
Armenia ranks 54th of 200 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Trade in services (% of GDP) in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 5.5% | — |
| 1994 | 4.8% | -12.6% |
| 1995 | 7.1% | +46.9% |
| 1996 | 14.0% | +97.6% |
| 1997 | 17.3% | +23.7% |
| 1998 | 16.9% | -2.0% |
| 1999 | 18.1% | +7.0% |
| 2000 | 18.1% | -0.1% |
| 2001 | 23.0% | +27.4% |
| 2002 | 20.9% | -9.4% |
| 2003 | 21.7% | +4.1% |
| 2004 | 23.7% | +9.2% |
| 2005 | 20.6% | -13.3% |
| 2006 | 20.0% | -2.9% |
| 2007 | 18.7% | -6.6% |
| 2008 | 17.0% | -8.8% |
| 2009 | 21.4% | +25.5% |
| 2010 | 24.7% | +15.6% |
| 2011 | 26.5% | +7.3% |
| 2012 | 27.4% | +3.3% |
| 2013 | 28.5% | +4.0% |
| 2014 | 28.9% | +1.5% |
| 2015 | 29.6% | +2.4% |
| 2016 | 31.0% | +4.9% |
| 2017 | 33.7% | +8.5% |
| 2018 | 35.3% | +4.7% |
| 2019 | 36.8% | +4.4% |
| 2020 | 17.0% | -53.8% |
| 2021 | 22.6% | +32.8% |
| 2022 | 35.2% | +55.9% |
| 2023 | 38.0% | +8.0% |
| 2024 | 38.4% | +0.8% |
| 2025 | 35.4% | -7.7% |
Armenia compared with similar countries
- Armenia's 35.4% is above the median for upper middle income countries, which is 26.5%, 1.3× the median. (57 countries reporting)
- Armenia's 35.4% is above the median for Europe & Central Asia, which is 31.1%, 1.1× the median. (51 countries reporting)
Biggest year-on-year movements
Years where Trade in services (% of GDP) 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 |
|---|---|---|---|
| 1996 | +97.6% | 7.1% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9% | 4.8% | 18.1% | 7 |
| 2000s | 20.5% | 17.0% | 23.7% | 10 |
| 2010s | 30.2% | 24.7% | 36.8% | 10 |
| 2020s | 31.1% | 17.0% | 38.4% | 6 |
Countries ranked near Armenia
- 51 Iceland 36.8% compare
- 52 South Sudan 36.7% compare
- 53 Micronesia (country) 36.4% compare
- 55 Sao Tome and Principe 35.3% compare
- 56 Austria 35.2% compare
- 57 Croatia 34.6% 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 trade in services in Armenia?
- Trade in services in Armenia was 35.4% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Armenia?
- The highest recorded value was 38.4% in 2024.
- What is the lowest trade in services recorded in Armenia?
- The lowest recorded value was 4.8% in 1994.
- How does Armenia rank for trade in services?
- Armenia ranks 54th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Armenia?
- Over the last ten years it is up 19.7%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.