The Gross Domestic Product (GDP) in Armenia expanded 14.80 percent in the third quarter of 2022 over the same quarter of the previous year. source: National Statistical Service of the Republic of Armenia

GDP Annual Growth Rate in Armenia averaged 6.76 percent from 1998 until 2022, 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. This page provides - Armenia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

GDP Annual Growth Rate in Armenia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Armenia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-22 11:00 AM Q2 13% 8.7% 4.5%
2022-11-21 11:00 AM Q3 14.8% 13% 12%
2023-02-20 11:00 AM Q4 14.8% 3.5%


Related Last Previous Unit Reference
GDP Annual Growth Rate 14.80 13.00 percent Sep 2022
GDP Constant Prices 2379316.90 1898759.50 AMD Million Sep 2022
Gross Fixed Capital Formation 371047.60 262775.60 AMD Million Sep 2022
GDP from Utilities 8188.20 7092.70 AMD Million Sep 2022
GDP from Transport 83274.10 60471.60 AMD Million Sep 2022
GDP from Services 44643.80 36321.30 AMD Million Sep 2022
GDP from Public Administration 85288.20 90634.10 AMD Million Sep 2022
GDP from Mining 94131.20 99646.10 AMD Million Sep 2022
GDP from Manufacturing 242418.20 190435.10 AMD Million Sep 2022
GDP from Construction 152128.30 88567.80 AMD Million Sep 2022
GDP from Agriculture 322677.10 139594.40 AMD Million Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
14.80 13.00 19.10 -19.70 1998 - 2022 percent Quarterly