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Armenia Imports (% GDP)

Armenia's imports (% GDP) rose to 75.79% in 2024, up from 60.26% in 2023, according to World Bank. This represents an increase of 15.53% from the previous year. Armenia has imports (% GDP) higher than the global median (75.79% vs median 45.74%). Compared with the median in Asia, Armenia is higher (75.79% vs regional median 45.37%) and ranks 6th out of 45 countries in Asia.

Armenia's exports (% GDP) rose to 76.35% in 2024, up from 59.45% in 2023.

Yearly Historical Data (1990-2024)

(in %)
Year Imports (% GDP)
2024 75.79%
2023 60.26%
2022 51.19%
2021 43.76%
2020 39.72%
2019 54.76%
2018 53.08%
2017 48.99%
2016 42.33%
2015 41.96%
2014 47.22%
2013 49.2%
2012 48.4%
2011 46.91%
2010 44.89%
2009 42.6%
2008 40.28%
2007 38.79%
2006 38.88%
2005 42.83%
2004 44.88%
2003 49.57%
2002 46.15%
2001 45.72%
2000 50.07%
1999 49.8%
1998 52.84%
1997 58.27%
1996 55.99%
1995 62.19%
1994 73.1%
1993 60.75%
1992 61.26%
1991 60.12%
1990 46.33%
Armenia Imports (% GDP) : Definition
Imports (% GDP) measures the value of goods and services bought from other countries by Armenia compared to its total economic output.
Indicator Last Value Prior Value Period
Annual Exports $13.07B $8.37B 2024
Annual Imports $16.8B $12.02B 2024
Exports (% GDP) 76.35% 59.45% 2024
FDI Inflows (% GDP) 0.54% 2.41% 2024
Net Trade (Goods & Services, BoP) -$468.7M -$193.72M 2024
Tariff Rate 5.7% 4.81% 2021
Trade (% GDP) 152.14% 119.71% 2024