GDP at market prices (constant 2010 US$), annual growth rate in Armenia
Armenia: GDP at market prices (constant 2010 US$), annual growth rate was 5.9 % change on previous year in 2024. ◆ Volatile
GDP at market prices (constant 2010 US$), annual growth rate in Armenia, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Armenia recorded 5.9 % change on previous year for gdp at market prices (constant 2010 us$), annual growth rate in 2024.
Compared with earlier readings it is down 28.9% on the previous year and up 63.9% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), annual growth rate in Armenia peaked at 14 % change on previous year in 2003 and was at its lowest, -41.8 % change on previous year, in 1992.
That places Armenia 26th out of 208 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$), annual growth rate in Armenia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | -11.7 % change on previous year | — |
| 1992 | -41.8 % change on previous year | +257.3% |
| 1993 | -8.8 % change on previous year | -78.9% |
| 1994 | 5.4 % change on previous year | -161.4% |
| 1995 | 6.9 % change on previous year | +27.8% |
| 1996 | 5.87 % change on previous year | -15.0% |
| 1997 | 3.32 % change on previous year | -43.4% |
| 1998 | 7.3 % change on previous year | +119.8% |
| 1999 | 3.3 % change on previous year | -54.8% |
| 2000 | 5.9 % change on previous year | +78.8% |
| 2001 | 9.6 % change on previous year | +62.7% |
| 2002 | 13.2 % change on previous year | +37.5% |
| 2003 | 14 % change on previous year | +6.1% |
| 2004 | 10.5 % change on previous year | -25.0% |
| 2005 | 13.9 % change on previous year | +32.4% |
| 2006 | 13.2 % change on previous year | -5.0% |
| 2007 | 13.7 % change on previous year | +3.8% |
| 2008 | 6.9 % change on previous year | -49.6% |
| 2009 | -14.1 % change on previous year | -304.3% |
| 2010 | 2.2 % change on previous year | -115.6% |
| 2011 | 4.7 % change on previous year | +113.6% |
| 2012 | 7.2 % change on previous year | +53.2% |
| 2013 | 3.3 % change on previous year | -54.2% |
| 2014 | 3.6 % change on previous year | +9.1% |
| 2015 | 3.2 % change on previous year | -11.1% |
| 2016 | 0.1999 % change on previous year | -93.8% |
| 2017 | 7.5 % change on previous year | +3651.3% |
| 2018 | 5.2 % change on previous year | -30.7% |
| 2019 | 7.6 % change on previous year | +46.2% |
| 2020 | -7.2 % change on previous year | -194.7% |
| 2021 | 5.8 % change on previous year | -180.6% |
| 2022 | 12.6 % change on previous year | +117.2% |
| 2023 | 8.3 % change on previous year | -34.1% |
| 2024 | 5.9 % change on previous year | -28.9% |
Armenia compared with similar countries
- Armenia's 5.9 % change on previous year is above the median for upper middle income countries, which is 3.34 % change on previous year, 1.8× the median. (58 countries reporting)
- Armenia's 5.9 % change on previous year is above the median for Europe & Central Asia, which is 2.38 % change on previous year, 2.5× the median. (54 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$), annual growth rate in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +3651.3% | 0.1999 % change on previous year | 7.5 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.36 % change on previous year | -41.8 % change on previous year | 7.3 % change on previous year | 9 |
| 2000s | 8.68 % change on previous year | -14.1 % change on previous year | 14 % change on previous year | 10 |
| 2010s | 4.47 % change on previous year | 0.1999 % change on previous year | 7.6 % change on previous year | 10 |
| 2020s | 5.08 % change on previous year | -7.2 % change on previous year | 12.6 % change on previous year | 5 |
Countries ranked near Armenia
- 23 Malta 5.97 % change on previous year compare
- 24 Djibouti 5.95 % change on previous year compare
- 25 Cote d'Ivoire 5.95 % change on previous year compare
- 27 Gambia 5.75 % change on previous year compare
- 28 Philippines 5.69 % change on previous year compare
- 29 Ghana 5.68 % change on previous year compare
More population data for Armenia
- Population regions with projections, annual growth rate -0.7088 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -1.04 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.7088 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -1.25 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 2,573 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population -0.1788 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.7673 % change on previous year (2100)
- World population growth -0.7% (2100)
- Population density 59.44 people per km² (2100)
- Number of children under 5, by world region 69,060 people (2100)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), annual growth rate in Armenia?
- Gdp at market prices (constant 2010 us$), annual growth rate in Armenia was 5.9 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), annual growth rate recorded in Armenia?
- The highest recorded value was 14 % change on previous year in 2003.
- What is the lowest gdp at market prices (constant 2010 us$), annual growth rate recorded in Armenia?
- The lowest recorded value was -41.8 % change on previous year in 1992.
- How does Armenia rank for gdp at market prices (constant 2010 us$), annual growth rate?
- Armenia ranks 26th out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), annual growth rate rising or falling in Armenia?
- Over the last ten years it is up 63.9%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP at market prices UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.