The Armenia economy advanced 7.2 percent year-on-year in the second quarter of 2018, following a 9.6 percent growth in the previous quarter. GDP Annual Growth Rate in Armenia averaged 7.33 percent from 1998 until 2018, 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.

Armenia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-28 09:45 AM GDP Growth Rate YoY 11.2% 4.6% 6.30%
2018-05-31 08:00 AM GDP Growth Rate YoY 9.6% 11% 3.4%
2018-08-31 11:30 AM GDP Growth Rate YoY 7.2% 9.6% 5.4%
2018-11-30 08:25 AM GDP Growth Rate YoY 7.2% 3.7%


Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.20 9.60 19.10 -19.70 percent [+]
GDP 11.54 10.55 11.66 1.20 USD Billion [+]
GDP Constant Prices 1358429.10 1112169.30 1793840.30 8413.00 AMD Million [+]
Gross Fixed Capital Formation 189465.60 128409.30 453361.70 95230.00 AMD Million [+]
GDP per capita 4219.40 3932.60 4219.40 886.00 USD [+]
GDP per capita PPP 8787.60 8190.20 8787.60 1845.30 USD [+]
GDP From Agriculture 125689.50 53672.40 468357.70 50030.50 AMD Million [+]
GDP From Construction 94491.50 43284.00 196213.50 38976.90 AMD Million [+]
GDP From Manufacturing 144813.90 128874.30 155632.30 81803.40 AMD Million [+]
GDP From Mining 37310.80 40150.50 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 56805.80 46817.70 91747.00 31259.30 AMD Million [+]
GDP From Services 24492.50 15524.80 27174.60 5295.50 AMD Million [+]
GDP From Transport 45142.30 39324.00 45142.30 24520.60 AMD Million [+]
GDP From Utilities 6214.80 5748.80 6592.60 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
7.20 9.60 19.10 -19.70 1998 - 2018 percent Quarterly




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