Armenia GDP Growth Rate 1991-2020

NOTE: All 2020 and later data are UN projections and DO NOT include any impacts of the COVID-19 virus.
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 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.
  • Armenia gdp growth rate for 2016 was 0.20%, a 3% decline from 2015.
  • Armenia gdp growth rate for 2015 was 3.20%, a 0.4% decline from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Libya 7.84%
Dominican Republic 6.95%
China 6.60%
Turkmenistan 6.20%
Maldives 6.05%
Armenia 5.20%
Fiji 5.00%
Montenegro 4.85%
Grenada 4.83%
Malaysia 4.72%
Botswana 4.45%
Serbia 4.30%
Thailand 4.13%
Kazakhstan 4.10%
Romania 4.10%
Albania 4.00%
Peru 3.98%
Mauritius 3.77%
Paraguay 3.64%
Guyana 3.44%
Guatemala 3.15%
Bulgaria 3.08%
Bosnia 3.07%
Belarus 3.05%
Belize 3.05%
North Macedonia 2.66%
Costa Rica 2.66%
Colombia 2.66%
Turkey 2.57%
St. Vincent and the Grenadines 2.56%
Tuvalu 2.50%
Marshall Islands 2.50%
Russia 2.25%
Algeria 2.10%
Suriname 2.00%
Mexico 1.99%
Jordan 1.94%
Jamaica 1.86%
Azerbaijan 1.41%
Ecuador 1.38%
Gabon 1.22%
Brazil 1.12%
Samoa 0.72%
Iraq 0.63%
South Africa 0.62%
St. Lucia 0.60%
Dominica 0.53%
Tonga 0.30%
Lebanon 0.20%
Namibia -0.07%
Equatorial Guinea -2.95%
Nauru -3.48%
Armenia GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
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% 16.35%
2009 -14.15% -21.05%
2008 6.90% -6.85%
2007 13.75% 0.55%
2006 13.20% -0.67%
2005 13.87% 3.40%
2004 10.47% -3.57%
2003 14.04% 0.85%
2002 13.19% 3.63%
2001 9.56% 3.66%
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%