GDP growth (annual %) (UNESCO Institute) in Armenia
Armenia: GDP growth (annual %) (UNESCO Institute) was 5.9% in 2024. ◆ Volatile
GDP growth in Armenia, 1991–2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
Armenia recorded 5.9% for gdp growth in 2024.
That represents a change of down 28.9% on the previous year and up 63.9% over ten years.
Over the whole period, gdp growth in Armenia peaked at 14.0% in 2003 and was at its lowest, -41.8%, in 1992.
Armenia ranks 26th of 212 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth (annual %) (UNESCO Institute) in Armenia, year by year
| Year | annual % | Change |
|---|---|---|
| 1991 | -11.7% | — |
| 1992 | -41.8% | +257.3% |
| 1993 | -8.8% | -78.9% |
| 1994 | 5.4% | -161.4% |
| 1995 | 6.9% | +27.8% |
| 1996 | 5.9% | -15.0% |
| 1997 | 3.3% | -43.4% |
| 1998 | 7.3% | +119.8% |
| 1999 | 3.3% | -54.8% |
| 2000 | 5.9% | +78.8% |
| 2001 | 9.6% | +62.7% |
| 2002 | 13.2% | +37.5% |
| 2003 | 14.0% | +6.1% |
| 2004 | 10.5% | -25.0% |
| 2005 | 13.9% | +32.4% |
| 2006 | 13.2% | -5.0% |
| 2007 | 13.7% | +3.8% |
| 2008 | 6.9% | -49.6% |
| 2009 | -14.1% | -304.3% |
| 2010 | 2.2% | -115.6% |
| 2011 | 4.7% | +113.6% |
| 2012 | 7.2% | +53.2% |
| 2013 | 3.3% | -54.2% |
| 2014 | 3.6% | +9.1% |
| 2015 | 3.2% | -11.1% |
| 2016 | 0.2% | -93.8% |
| 2017 | 7.5% | +3650.0% |
| 2018 | 5.2% | -30.7% |
| 2019 | 7.6% | +46.2% |
| 2020 | -7.2% | -194.7% |
| 2021 | 5.8% | -180.6% |
| 2022 | 12.6% | +117.2% |
| 2023 | 8.3% | -34.1% |
| 2024 | 5.9% | -28.9% |
Armenia compared with similar countries
- Armenia's 5.9% is above the median for upper middle income countries, which is 3.3%, 1.8× the median. (58 countries reporting)
- Armenia's 5.9% is above the median for Europe & Central Asia, which is 2.3%, 2.6× the median. (55 countries reporting)
Biggest year-on-year movements
Years where GDP growth (annual %) (UNESCO Institute) 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 | +3650.0% | 0.2% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -3.4% | -41.8% | 7.3% | 9 |
| 2000s | 8.7% | -14.1% | 14.0% | 10 |
| 2010s | 4.5% | 0.2% | 7.6% | 10 |
| 2020s | 5.1% | -7.2% | 12.6% | 5 |
Countries ranked near Armenia
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 growth in Armenia?
- Gdp growth in Armenia was 5.9% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Armenia?
- The highest recorded value was 14.0% in 2003.
- What is the lowest gdp growth recorded in Armenia?
- The lowest recorded value was -41.8% in 1992.
- How does Armenia rank for gdp growth?
- Armenia ranks 26th out of 212 countries with data for 2024.
- Is gdp growth 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 UNESCO Institute for Statistics, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release