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Armenia Economic Indicators

Latest economic indicators and statistics for Armenia.

Indicator Current Value Previous Value Frequency Period
GDP $25.79B $24.09B Yearly 2024
GDP Annual Growth Rate 5.9% 8.3% Yearly 2024
GDP per Capita $5,378.32 $5,197.24 Yearly 2024
GDP per Capita PPP $20,078.78 $19,402.75 Yearly 2024
R&D Expenditure (% GDP) 0.18% 0.21% Yearly 2023
Real GDP $16.32B $15.41B Yearly 2024
Annual Inflation Rate 0.27% 1.98% Yearly 2024
Annual Unemployment Rate 13.33% 13.24% Yearly 2024
Female Labor Force Rate 56.42% 56.79% Yearly 2024
Unemployment Rate 13.4% 13.9% Quarterly Q2 2025
Annual Exports $13.07B $8.37B Yearly 2024
Annual Imports $16.8B $12.02B Yearly 2024
Exports (% GDP) 76.35% 59.45% Yearly 2024
FDI Inflows (% GDP) 0.54% 2.41% Yearly 2024
Imports (% GDP) 75.79% 60.26% Yearly 2024
Net Trade (Goods & Services, BoP) -$468.7M -$193.72M Yearly 2024
Tariff Rate 5.7% 4.81% Yearly 2021
Trade (% GDP) 152.14% 119.71% Yearly 2024
Refinancing Rate 6.75% 6.75% Monthly Sep'25
Private Credit (% GDP) 64.8% 55.64% Yearly 2024
Adult Literacy Rate 100% 100% Yearly 2020
Gini Index 27.2 points 27.9 points Yearly 2023
Happiness Index 5.49 points 5.46 points Yearly 2024
Homicide Rate 2.19 1.85 Yearly 2021
Population 3.03M 2.96M Yearly 2024
Poverty Rate 1.9% 1.9% Yearly 2023
Primary Enrollment Rate 93.81% 92.9% Yearly 2023
Agricultural Land (%) 58.05% 58.83% Yearly 2022
Annual CO2 Emissions 7.61M tonnes 7.16M tonnes Yearly 2023
Forest Area (%) 11.52% 11.53% Yearly 2022
Corruption Control 0.06 points 0.03 points Yearly 2023
Political stability index -0.83 points -0.74 points Yearly 2023
Infant Mortality Rate 8.9 9.3 Yearly 2023
Life Expectancy 77.47 74.77 Yearly 2023
Physicians per 1,000 people 3.12 2.97 Yearly 2019
Electricity Access 100% 100% Yearly 2023
Internet Users 80% 77% Yearly 2023
Travel Earnings $303M $1.55B Yearly 2020
Visitor Arrivals 375,000 1.89M Yearly 2020