Armenia GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

The Armenian economy advanced 6.5 percent year-on-year in the first quarter of 2017, following 1 percent contraction in the previous period. It was the strongest expansion since the first quarter of 2013, mainly boosted by manufacturing (15.4 percent vs 9.9 percent in Q4 of 2016); electricity, gas, steam and air conditioning supply (11.7 percent vs -9.9 percent); retail and wholesale trade (5.3 percent vs 3.1 percent); transportation (6.5 percent vs -3.5 percent); information and communication (5.3 percent vs -1.8 percent); financial and insurance activities (18.3 percent vs 1.4 percent) and accommodation and food service activities (36.6 percent vs 16.2 percent). Meantime, output fell less for agriculture (-3.8 percent vs -9.2 percent in Q3) and construction (-9.6 percent vs -18.2 percent). GDP Annual Growth Rate in Armenia averaged 7.29 percent from 1998 until 2017, 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 Forecast (i)
2016-11-30 08:25 AM Q3 -2.6% 1.6% 0.7%
2017-02-28 09:10 AM Q4 -1% -0.1% -0.5%
2017-05-31 08:00 AM Q1 6.5% -1% 5.4%
2017-08-31 09:00 AM Q2 6.5% 3.8%
2017-11-30 08:25 AM Q3 3.4%




Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.50 -1.00 19.10 -19.70 percent [+]
GDP 10.53 11.61 11.66 1.20 USD Billion [+]
GDP Constant Prices 971904.00 1518072.10 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 367242.00 250157.70 453361.70 95230.00 AMD Million [+]
GDP per capita 3796.50 3700.10 3796.50 884.30 USD [+]
GDP per capita PPP 7907.00 7706.10 7907.00 1841.70 USD [+]
GDP From Agriculture 50030.50 263752.90 468357.70 50030.50 AMD Million [+]
GDP From Construction 38976.90 152683.90 196213.50 38976.90 AMD Million [+]
GDP From Manufacturing 107060.80 136262.90 137634.10 81803.40 AMD Million [+]
GDP From Mining 29690.00 39250.20 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 55188.20 74164.50 74164.50 31259.30 AMD Million [+]
GDP From Services 12288.90 17861.00 21966.30 5295.50 AMD Million [+]
GDP From Transport 32110.30 35878.70 42965.70 24520.60 AMD Million [+]
GDP From Utilities 4461.30 6097.90 6592.60 2947.80 AMD Million [+]


Armenia GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6.50 -1.00 19.10 -19.70 1998 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17