Gross Domestic Product of Armenia fell -7.4% in 2020 compared to last year. This rate is 150 -tenths of one percent less than the previous year, when changed 7.6%.
The GDP figure in 2020 was €11,076$12,641 million, Armenia is number 134 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Armenia dropped €1,088$978 million with respect to 2019.
The GDP per capita of Armenia in 2020 was €3,739$4,267, €367$330 less than in 2019, when it was €4,106$4,597. 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 2010 when the GDP per capita in Armenia was €2,353$3,122.
If we order the countries according to their GDP per capita, Armenia is in 112th position, its population has a low level of affluence compare tothe 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.