Armenia GDP Growth Rate 1991-2021

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • Armenia gdp growth rate for 2020 was -7.60%, a 15.2% decline from 2019.
  • Armenia gdp growth rate for 2019 was 7.60%, a 2.4% increase from 2018.
  • Armenia gdp growth rate for 2018 was 5.20%, a 2.3% decline from 2017.
  • Armenia gdp growth rate for 2017 was 7.50%, a 7.3% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Guyana 43.48%
Tuvalu 4.40%
China 2.30%
Turkey 1.76%
Iran 1.66%
Belarus -0.90%
Serbia -0.98%
Paraguay -1.00%
Gabon -1.32%
Guatemala -1.52%
Jordan -1.55%
Kazakhstan -2.60%
St. Vincent and the Grenadines -2.73%
Samoa -2.74%
Russia -2.95%
Albania -3.31%
Romania -3.86%
Brazil -4.06%
Bulgaria -4.15%
Azerbaijan -4.31%
Bosnia -4.33%
North Macedonia -4.53%
Costa Rica -4.54%
Equatorial Guinea -4.89%
Algeria -5.48%
Malaysia -5.59%
Thailand -6.09%
Dominican Republic -6.72%
Colombia -6.85%
South Africa -6.96%
Armenia -7.60%
Ecuador -7.75%
Botswana -7.89%
Namibia -7.98%
Mexico -8.24%
Jamaica -10.20%
Iraq -10.37%
Peru -11.15%
Grenada -11.23%
Belize -14.04%
Suriname -14.50%
Mauritius -14.87%
Montenegro -15.16%
Dominica -16.71%
Fiji -19.05%
St. Lucia -20.21%
Lebanon -20.30%
Libya -31.30%
Maldives -31.98%
Armenia GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2020 -7.60% -15.20%
2019 7.60% 2.40%
2018 5.20% -2.30%
2017 7.50% 7.30%
2016 0.20% -3.00%
2015 3.20% -0.40%
2014 3.60% 0.30%
2013 3.30% -3.90%
2012 7.20% 2.50%
2011 4.70% 2.50%
2010 2.20% 16.30%
2009 -14.10% -21.00%
2008 6.90% -6.80%
2007 13.70% 0.50%
2006 13.20% -0.70%
2005 13.90% 3.40%
2004 10.50% -3.50%
2003 14.00% 0.80%
2002 13.20% 3.60%
2001 9.60% 3.70%
2000 5.90% 2.60%
1999 3.30% -4.00%
1998 7.30% 3.98%
1997 3.32% -2.54%
1996 5.87% -1.03%
1995 6.90% 1.50%
1994 5.40% 14.20%
1993 -8.80% 33.00%
1992 -41.80% -30.10%
1991 -11.70% -30.10%