The Armenian economy advanced 7.1 percent year-on-year in the first quarter of 2019, following a downwardly revised 3.1 percent growth in the previous quarter. Output advanced further in the wholesale & retail trade sector (11.8 percent vs 5.8 percent in Q4); financial & insurance activities (26.5 percent vs 19.5 percent) and information & communication (8.2 percent vs 7.9 percent) while production rebounded for construction (9.2 percent vs -3.6 percent) and agriculture, hunting, forestry & fishing (0.8 percent vs -13.7 percent). On the other hand, output slowed for manufacturing (5.1 percent vs 9.3 percent); real estate activities (0.2 percent vs 6.7 percent) and education (1.0 percent vs 2.0 percent) while fell for electricity, gas, steam and air conditioning supply (-3.6 percent vs 14.8 percent) and transport ( -0.1 percent vs 7.4 percent). GDP Annual Growth Rate in Armenia averaged 7.23 percent from 1998 until 2019, reaching an all time high of 19.10 percent in the second quarter of 2006 and a record low of -19.70 percent in the third quarter of 2009.

GDP Annual Growth Rate in Armenia is expected to be 4.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Armenia to stand at 4.40 in 12 months time. In the long-term, the Armenia GDP Annual Growth Rate is projected to trend around 4.30 percent in 2020, according to our econometric models.

Armenia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-31 11:30 AM GDP Growth Rate YoY Q2 7.2% 9.6% 5.4%
2018-11-21 01:00 PM GDP Growth Rate YoY Q3 2.7% 7.5% 3.7%
2019-02-20 09:45 AM GDP Growth Rate YoY Q4 3.4% 2.5% 4.5%
2019-05-21 08:00 AM GDP Growth Rate YoY Q1 7.1% 3.1% 3.7%
2019-08-20 11:30 AM GDP Growth Rate YoY Q2 7.1% 3.2%
2019-11-20 01:00 PM GDP Growth Rate YoY Q3 4.2%


Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.10 3.10 19.10 -19.70 percent [+]
GDP 12.43 11.53 12.43 1.20 USD Billion [+]
GDP Constant Prices 1241543.50 1844539.80 1844539.80 8413.00 AMD Million [+]
Gross Fixed Capital Formation 141591.70 406178.00 451713.50 95230.00 AMD Million [+]
GDP per capita 4406.70 4198.80 4406.70 886.00 USD [+]
GDP per capita PPP 9177.70 8744.70 9177.70 1845.30 USD [+]
GDP From Agriculture 58353.70 261024.10 468357.70 50589.60 AMD Million [+]
GDP From Construction 45705.40 157906.00 196213.50 37520.60 AMD Million [+]
GDP From Manufacturing 147141.90 184100.30 184100.30 81803.40 AMD Million [+]
GDP From Mining 42938.50 39584.90 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 47443.70 86596.90 88251.50 31259.30 AMD Million [+]
GDP From Services 19282.60 33346.50 35889.80 5295.50 AMD Million [+]
GDP From Transport 40575.50 50785.90 51643.10 24520.60 AMD Million [+]
GDP From Utilities 6266.00 5663.50 8163.50 2947.80 AMD Million [+]


Armenia GDP Annual Growth Rate

Armenia is a landlocked country without energy resources. Construction, which receives large funding from foreign direct investment and remittances, is the most important sector of the economy. As a modernization attempt, Armenia has focused on development of small scale agriculture and small and medium enterprises to replace the old soviet agro-industrial model. Nonetheless, industry and agriculture remain outperformed by services. Recent tax reforms have failed to tackle Armenia’s shadow economy and corruption problems. This page provides - Armenia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7.10 3.10 19.10 -19.70 1998 - 2019 percent Quarterly




Country Last Previous
China 6.20 Jun/19
India 5.80 Mar/19
Indonesia 5.05 Jun/19
Spain 2.30 Jun/19
United States 2.30 Jun/19
South Korea 2.10 Jun/19
Netherlands 2.00 Jun/19
Australia 1.80 Mar/19
Saudi Arabia 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
France 1.30 Jun/19
Japan 1.20 Jun/19
United Kingdom 1.20 Jun/19
Euro Area 1.10 Jun/19
Russia 0.90 Jun/19
Brazil 0.50 Mar/19
Germany 0.40 Jun/19
Singapore 0.10 Jun/19
Italy 0.00 Jun/19
South Africa 0.00 Mar/19
Mexico -0.70 Jun/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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