Armenia GDP Growth Rate 1991-2024
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
- Armenia gdp growth rate for 2023 was 8.70%, a 3.9% decline from 2022.
- Armenia gdp growth rate for 2022 was 12.60%, a 6.8% increase from 2021.
- Armenia gdp growth rate for 2021 was 5.80%, a 13% increase from 2020.
- Armenia gdp growth rate for 2020 was -7.20%, a 14.8% decline from 2019.
| Armenia GDP Growth Rate - Historical Data |
| Year |
GDP Growth (%) |
Annual Change |
| 2023 |
8.70% |
-3.90% |
| 2022 |
12.60% |
6.80% |
| 2021 |
5.80% |
13.00% |
| 2020 |
-7.20% |
-14.80% |
| 2019 |
7.60% |
2.40% |
| 2018 |
5.20% |
-2.30% |
| 2017 |
7.50% |
7.30% |
| 2016 |
0.20% |
-3.00% |
| 2015 |
3.20% |
-0.40% |
| 2014 |
3.60% |
0.30% |
| 2013 |
3.30% |
-3.90% |
| 2012 |
7.20% |
2.50% |
| 2011 |
4.70% |
2.50% |
| 2010 |
2.20% |
16.30% |
| 2009 |
-14.10% |
-21.00% |
| 2008 |
6.90% |
-6.80% |
| 2007 |
13.70% |
0.50% |
| 2006 |
13.20% |
-0.70% |
| 2005 |
13.90% |
3.40% |
| 2004 |
10.50% |
-3.50% |
| 2003 |
14.00% |
0.80% |
| 2002 |
13.20% |
3.60% |
| 2001 |
9.60% |
3.70% |
| 2000 |
5.90% |
2.60% |
| 1999 |
3.30% |
-4.00% |
| 1998 |
7.30% |
3.98% |
| 1997 |
3.32% |
-2.54% |
| 1996 |
5.87% |
-1.03% |
| 1995 |
6.90% |
1.50% |
| 1994 |
5.40% |
14.20% |
| 1993 |
-8.80% |
33.00% |
| 1992 |
-41.80% |
-30.10% |
| 1991 |
-11.70% |
-30.10% |
