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Armenia Trade (% GDP)

Armenia's trade (% GDP) rose to 152.14% in 2024, up from 119.71% in 2023, according to World Bank. This represents an increase of 32.43% from the previous year. Armenia has trade (% GDP) higher than the global median (152.14% vs median 84.49%). Compared with the median in Asia, Armenia is higher (152.14% vs regional median 82.69%) and ranks 6th out of 45 countries in Asia.

Yearly Historical Data (1990-2024)

(in %)
Year Trade (% GDP)
2024 152.14%
2023 119.71%
2022 101.41%
2021 79.67%
2020 69.49%
2019 96.11%
2018 92.47%
2017 87.2%
2016 76.08%
2015 71.68%
2014 75.78%
2013 77.56%
2012 75.96%
2011 69.44%
2010 64.64%
2009 57.27%
2008 54.54%
2007 56.98%
2006 61.03%
2005 70.14%
2004 73.07%
2003 80.05%
2002 73.98%
2001 69.86%
2000 72.23%
1999 70.56%
1998 71.84%
1997 78.55%
1996 79.23%
1995 86.11%
1994 112.43%
1993 107.97%
1992 101.08%
1991 100.87%
1990 81.34%
Armenia Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Armenia divided by its total economic output, shown as a percentage.
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
Imports (% GDP) 75.79% 60.26% 2024
Net Trade (Goods & Services, BoP) -$468.7M -$193.72M 2024
Tariff Rate 5.7% 4.81% 2021