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Armenia GDP

Armenia's GDP rose to $25.79 billion in 2024, up from $24.09 billion in 2023, according to World Bank. This represents an increase of 7.1% ($1.7 billion) from the previous year and accounts for 0.02% of the world's total GDP. Armenia has GDP lower than the global median ($25.79 billion vs median $35.85 billion). Compared with the median in Asia, Armenia is lower ($25.79 billion vs regional median $98.96 billion) and ranks 34th out of 47 countries in Asia.

Armenia's GDP per capita rose to $5,378.32 in 2024, up from $5,197.24 in 2023.

Yearly Historical Data (1990-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 25.79
2023 24.09
2022 19.51
2021 13.88
2020 12.64
2019 13.62
2018 12.46
2017 11.53
2016 10.55
2015 10.55
2014 11.61
2013 11.12
2012 10.62
2011 10.14
2010 9.26
2009 8.65
2008 11.66
2007 9.21
2006 6.38
2005 4.9
2004 3.58
2003 2.81
2002 2.38
2001 2.12
2000 1.91
1999 1.85
1998 1.89
1997 1.64
1996 1.6
1995 1.47
1994 1.32
1993 1.2
1992 1.27
1991 2.07
1990 2.26
Armenia GDP : Definition
GDP measures the total value of all goods and services produced in Armenia, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 5.9% 8.3% 2024
GDP per Capita $5,378.32 $5,197.24 2024
GDP per Capita PPP $20,078.78 $19,402.75 2024
R&D Expenditure (% GDP) 0.18% 0.21% 2023
Real GDP $16.32B $15.41B 2024