GDP in Armenia

Armenia: GDP was 7.28 trillion constant LCU in 2024. β–² Rising

Latest (2024)
7.28 trillion constant LCU
Change on year
up 5.9%
World rank
49th
of 209 countries
All-time high
7.28 trillion constant LCU
in 2024
All-time low
1.22 trillion constant LCU
in 1993
Years of data
35
1990–2024

GDP in Armenia, 1990–2024

2.0T4.0T6.0T8.0T1990200720241990: 2.6T constant LCU1991: 2.3T constant LCU1992: 1.3T constant LCU1993: 1.2T constant LCU1994: 1.3T constant LCU1995: 1.4T constant LCU1996: 1.5T constant LCU1997: 1.5T constant LCU1998: 1.6T constant LCU1999: 1.7T constant LCU2000: 1.8T constant LCU2001: 1.9T constant LCU2002: 2.2T constant LCU2003: 2.5T constant LCU2004: 2.8T constant LCU2005: 3.1T constant LCU2006: 3.6T constant LCU2007: 4.1T constant LCU2008: 4.3T constant LCU2009: 3.7T constant LCU2010: 3.8T constant LCU2011: 4.0T constant LCU2012: 4.3T constant LCU2013: 4.4T constant LCU2014: 4.6T constant LCU2015: 4.7T constant LCU2016: 4.7T constant LCU2017: 5.1T constant LCU2018: 5.3T constant LCU2019: 5.7T constant LCU2020: 5.3T constant LCU2021: 5.6T constant LCU2022: 6.4T constant LCU2023: 6.9T constant LCU2024: 7.3T constant LCU

Source: UNESCO Institute for Statistics. Measured in constant LCU.

Analysis

The most recent figure for gdp in Armenia is 7.28 trillion constant LCU, measured 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 in Armenia peaked at 7.28 trillion constant LCU in 2024 and was at its lowest, 1.22 trillion constant LCU, in 1993.

That places Armenia 49th out of 209 countries with data for 2024, putting it in the top quarter.

The long-run direction has been consistently rising across the 35 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 1.64 trillion constant LCU 1.22 trillion constant LCU 2.61 trillion constant LCU 10
2000s 3.00 trillion constant LCU 1.77 trillion constant LCU 4.33 trillion constant LCU 10
2010s 4.66 trillion constant LCU 3.80 trillion constant LCU 5.75 trillion constant LCU 10
2020s 6.30 trillion constant LCU 5.33 trillion constant LCU 7.28 trillion constant LCU 5

Countries ranked near Armenia

  1. 46 Algeria 9.01 trillion constant LCU compare
  2. 47 Egypt 8.33 trillion constant LCU compare
  3. 48 Malawi 7.95 trillion constant LCU compare
  4. 50 Serbia 7.28 trillion constant LCU compare
  5. 51 Czechia 6.30 trillion constant LCU compare
  6. 52 Gabon 6.25 trillion constant LCU compare

See the full ranking of 212 places β†’

More population data for Armenia

All data for Armenia β†’

Frequently asked questions

What is gdp in Armenia?
Gdp in Armenia was 7.28 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
What is the highest gdp recorded in Armenia?
The highest recorded value was 7.28 trillion constant LCU in 2024.
What is the lowest gdp recorded in Armenia?
The lowest recorded value was 1.22 trillion constant LCU in 1993.
How does Armenia rank for gdp?
Armenia ranks 49th out of 209 countries with data for 2024.
Is gdp 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 (constant LCU). Statizoid updates them automatically from the source API.

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GDP in Armenia. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 16 August 2026, from https://population.statizoid.com/stat/gdp-constant-lcu-2/armenia/

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About this data

Indicator
GDP (constant LCU)
Unit
constant LCU
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
212 places, 10,234 data points, 1970–2024
Last refreshed

February 2026 Data Release