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Armenia Poverty Rate

Armenia's poverty rate was 1.9% in 2023, unchanged from 2022, according to World Bank. Armenia has poverty rate higher than the global median (1.90% vs median 1.90%). Compared with the median in Asia, Armenia is lower (1.90% vs regional median 2.00%) and ranks 16th out of 30 countries in Asia.

Armenia's annual unemployment rate rose to 13.33% in 2024, up from 13.24% in 2023.

Yearly Historical Data (1996-2023)

(in %)
Year Poverty Rate (%)
2023 1.9%
2022 1.9%
2021 2.1%
2020 1.5%
2019 2.4%
2018 2.9%
2017 2.4%
2016 2.5%
2015 2.9%
2014 3.4%
2013 2.9%
2012 2.5%
2011 3.1%
2010 2.9%
2009 3.1%
2008 2%
2007 3.7%
2006 4.5%
2005 6.1%
2004 10.3%
2003 14.8%
2002 19.8%
2001 24.1%
1999 21.2%
1996 21.6%
Armenia Poverty Rate : Definition
Poverty Rate measures the percentage of people in Armenia living on less than $3.00 per day, adjusted for purchasing power parity (PPP, 2021 prices).
Indicator Last Value Prior Value Period
Adult Literacy Rate 100% 100% 2020
Gini Index 27.2 points 27.9 points 2023
Happiness Index 5.49 points 5.46 points 2024
Homicide Rate 2.19 1.85 2021
Population 3.03M 2.96M 2024
Primary Enrollment Rate 93.81% 92.9% 2023