Armenia Armenia GDP - Gross Domestic Product

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GDP Armenia 2023

Armenia: GDP increases 8.7%

Gross Domestic Product of Armenia grew 8.7% in 2023 compared to last year. This rate is 39 -tenths of one percent less than the figure of 12.6% published in 2022.

The GDP figure in 2023 was €22,379$24,212 million, Armenia is number 113 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Armenia rose €3,863$4,698 million with respect to 2022.

The GDP per capita of Armenia in 2023 was €7,482$8,094, €1,262$1,539 higher than in 2022, it was €6,220$6,555. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Armenia was €2,810$3,732.

If we order the countries according to their GDP per capita, Armenia is in 89th position of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Armenia. You can see GDP in other countries in GDP and see all the economic information about Armenia in Armenia's economy.

Evolution: Annual GDP Armenia
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€22,379M$24,212M8.7%
2022€18,516M$19,514M12.6%
2021€11,768M$13,928M5.7%
2020€11,076M$12,641M-7.4%
2019€12,164M$13,619M7.6%
2018€10,544M$12,458M5.2%
2017€10,207M$11,527M7.5%
2016€9,530M$10,546M0.2%
2015€9,510M$10,553M3.3%
2014€8,737M$11,610M3.6%
2013€8,373M$11,121M3.4%
2012€8,260M$10,619M7.1%
2011€7,287M$10,142M4.7%
2010€6,979M$9,260M2.2%
2009€6,207M$8,648M-14.2%
2008€7,930M$11,662M6.9%
2007€6,717M$9,206M13.7%
2006€5,084M$6,384M13.2%
2005€3,936M$4,900M14.1%
2004€2,877M$3,577M10.5%
2003€2,482M$2,807M14.1%
2002€2,515M$2,376M14.8%
2001€2,365M$2,118M9.5%
2000€2,069M$1,912M5.9%
1999€1,729M$1,845M3.2%
1998$1,892M6.3%
1997$1,639M3.4%
1996$1,597M5.2%
1995$1,287M8.0%
1994$648M5.4%
1993$835M-14.1%
1992$108M-41.8%
1991$2,070M-11.7%
1990$2,257M
Evolution: GDP per capita Armenia
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€7,482$8,09420.3%23.5%
2022€6,220$6,55547.5%31.4%
2021€4,217$4,99012.8%16.9%
2020€3,739$4,267-8.9%-7.2%
2019€4,106$4,59715.6%9.6%
2018€3,551$4,1963.7%8.5%
2017€3,426$3,8697.6%9.8%
2016€3,185$3,5240.1%-0.1%
2015€3,180$3,5298.7%-9.3%
2014€2,927$3,8894.2%4.2%
2013€2,810$3,7321.0%4.4%
2012€2,781$3,57613.3%4.6%
2011€2,455$3,4174.4%9.5%
2010€2,353$3,12212.6%7.2%
2009€2,090$2,912-21.5%-25.6%
2008€2,661$3,91318.5%27.1%
2007€2,246$3,07932.5%44.7%
2006€1,695$2,12829.6%30.7%
2005€1,308$1,62837.8%37.9%
2004€949$1,18016.3%27.8%
2003€817$923-1.0%18.5%
2002€825$7796.7%12.5%
2001€773$69215.1%11.5%
2000€672$62120.0%3.9%
1999€560$597-1.8%
1998$60816.6%
1997$5223.6%
1996$50426.1%
1995$400102.9%
1994$197-20.5%
1993$248691.4%
1992$31-94.5%
1991$572-9.8%
1990$635
Evolution: GDP growth rate at constant prices Armenia
Evolution: GDP per capita Armenia
GDP Armenia