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Armenia Real GDP

Armenia's real GDP rose to $16.32 billion in 2024, up from $15.41 billion in 2023, according to World Bank. This represents an increase of 5.9% ($908.96 million) from the previous year and accounts for 0.02% of the world's total real GDP. Armenia has real GDP lower than the global median ($16.32 billion vs median $29.34 billion). Compared with the median in Asia, Armenia is lower ($16.32 billion vs regional median $91.45 billion) and ranks 37th 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 Real GDP (Billion USD)
2024 16.32
2023 15.41
2022 14.23
2021 12.63
2020 11.94
2019 12.87
2018 11.96
2017 11.37
2016 10.57
2015 10.55
2014 10.23
2013 9.87
2012 9.56
2011 8.91
2010 8.51
2009 8.33
2008 9.7
2007 9.07
2006 7.98
2005 7.05
2004 6.19
2003 5.6
2002 4.91
2001 4.34
2000 3.96
1999 3.74
1998 3.62
1997 3.37
1996 3.26
1995 3.08
1994 2.88
1993 2.74
1992 3
1991 5.16
1990 5.84
Armenia Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Armenia, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $25.79B $24.09B 2024
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