GDP at market prices (constant 2010 US$) in Armenia
Armenia: GDP at market prices (constant 2010 US$) was 16.32 billion constant 2010 US$ in 2024. ▲ Rising
Latest (2024)
16.32 billion constant 2010 US$
Change on year
up 5.9%
World rank
126th
of 208 countries
All-time high
16.32 billion constant 2010 US$
in 2024
All-time low
2.74 billion constant 2010 US$
in 1993
Years of data
35
1990–2024
GDP at market prices in Armenia, 1990–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
Armenia recorded 16.32 billion constant 2010 US$ for gdp at market prices in 2024. That is the highest value across all 35 years on record.
That represents a change of up 5.9% on the previous year and up 59.5% over ten years.
Over the whole period, gdp at market prices in Armenia peaked at 16.32 billion constant 2010 US$ in 2024 and was at its lowest, 2.74 billion constant 2010 US$, in 1993.
Armenia ranks 126th of 208 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
GDP at market prices (constant 2010 US$) in Armenia, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1990 | 5.84 billion constant 2010 US$ | — |
| 1991 | 5.16 billion constant 2010 US$ | -11.7% |
| 1992 | 3.00 billion constant 2010 US$ | -41.8% |
| 1993 | 2.74 billion constant 2010 US$ | -8.8% |
| 1994 | 2.88 billion constant 2010 US$ | +5.4% |
| 1995 | 3.08 billion constant 2010 US$ | +6.9% |
| 1996 | 3.26 billion constant 2010 US$ | +5.9% |
| 1997 | 3.37 billion constant 2010 US$ | +3.3% |
| 1998 | 3.62 billion constant 2010 US$ | +7.3% |
| 1999 | 3.74 billion constant 2010 US$ | +3.3% |
| 2000 | 3.96 billion constant 2010 US$ | +5.9% |
| 2001 | 4.34 billion constant 2010 US$ | +9.6% |
| 2002 | 4.91 billion constant 2010 US$ | +13.2% |
| 2003 | 5.60 billion constant 2010 US$ | +14.0% |
| 2004 | 6.19 billion constant 2010 US$ | +10.5% |
| 2005 | 7.05 billion constant 2010 US$ | +13.9% |
| 2006 | 7.98 billion constant 2010 US$ | +13.2% |
| 2007 | 9.07 billion constant 2010 US$ | +13.7% |
| 2008 | 9.70 billion constant 2010 US$ | +6.9% |
| 2009 | 8.33 billion constant 2010 US$ | -14.1% |
| 2010 | 8.51 billion constant 2010 US$ | +2.2% |
| 2011 | 8.91 billion constant 2010 US$ | +4.7% |
| 2012 | 9.56 billion constant 2010 US$ | +7.2% |
| 2013 | 9.87 billion constant 2010 US$ | +3.3% |
| 2014 | 10.23 billion constant 2010 US$ | +3.6% |
| 2015 | 10.55 billion constant 2010 US$ | +3.2% |
| 2016 | 10.57 billion constant 2010 US$ | +0.2% |
| 2017 | 11.37 billion constant 2010 US$ | +7.5% |
| 2018 | 11.96 billion constant 2010 US$ | +5.2% |
| 2019 | 12.87 billion constant 2010 US$ | +7.6% |
| 2020 | 11.94 billion constant 2010 US$ | -7.2% |
| 2021 | 12.63 billion constant 2010 US$ | +5.8% |
| 2022 | 14.23 billion constant 2010 US$ | +12.6% |
| 2023 | 15.41 billion constant 2010 US$ | +8.3% |
| 2024 | 16.32 billion constant 2010 US$ | +5.9% |
Armenia compared with similar countries
- Armenia's 16.32 billion constant 2010 US$ is below the median for upper middle income countries, which is 46.21 billion constant 2010 US$, 35% of the median. (58 countries reporting)
- Armenia's 16.32 billion constant 2010 US$ is below the median for Europe & Central Asia, which is 69.56 billion constant 2010 US$, 23% of the median. (54 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$) 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 |
|---|---|---|---|
| 1992 | -41.8% | 5.16 billion constant 2010 US$ | 3.00 billion constant 2010 US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.67 billion constant 2010 US$ | 2.74 billion constant 2010 US$ | 5.84 billion constant 2010 US$ | 10 |
| 2000s | 6.71 billion constant 2010 US$ | 3.96 billion constant 2010 US$ | 9.70 billion constant 2010 US$ | 10 |
| 2010s | 10.44 billion constant 2010 US$ | 8.51 billion constant 2010 US$ | 12.87 billion constant 2010 US$ | 10 |
| 2020s | 14.10 billion constant 2010 US$ | 11.94 billion constant 2010 US$ | 16.32 billion constant 2010 US$ | 5 |
Countries ranked near Armenia
- 123 Burkina Faso 17.99 billion constant 2010 US$ compare
- 124 Botswana 17.49 billion constant 2010 US$ compare
- 125 Gabon 16.80 billion constant 2010 US$ compare
- 127 Mongolia 16.27 billion constant 2010 US$ compare
- 128 Tajikistan 15.85 billion constant 2010 US$ compare
- 129 Nicaragua 15.84 billion constant 2010 US$ 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)
- Population growth rate -0.714 (2100)
- Population density 59.44 (2100)
- Projected population under age 5 69,060 (2100)
Frequently asked questions
- What is gdp at market prices in Armenia?
- Gdp at market prices in Armenia was 16.32 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Armenia?
- The highest recorded value was 16.32 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Armenia?
- The lowest recorded value was 2.74 billion constant 2010 US$ in 1993.
- How does Armenia rank for gdp at market prices?
- Armenia ranks 126th out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Armenia?
- Over the last ten years it is up 59.5%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release