Armenia GDP Annual Growth Rate  1998-2018 | Data | Chart | Calendar

The Armenia economy advanced 9.6% year-on-year in the first quarter of 2018, easing from a downwardly revised 11% growth in the last quarter of 2017. Production slowed for manufacturing (10.1% from 13% in Q4 2017); agriculture (3.3% from 6.7%); financial & insurance activities (6.6% from 16.7%); arts, entertainment & recreation (19.6% from 35.3%); information & communication (4.9% from 6.5%); transportation (12.5% from 21.7%) and accommodation & food services activities (28.4% from 29.7%). On the other hand, output advanced faster for wholesale & retail trade; repair of motor vehicles, motorcycles (15.5% from 11.3%); human health & social work activities (32.3% from 14.6%); mining & quarrying (21.2% from 11.2%); construction (13.4% from 12.4%) and professional, scientific & technical activities (20.1% from 10.5%). Meanwhile, output rebounded for real estate activities (9.9% from -0.9%) while production fell for electricity, gas, steam & air conditioning supply (-4.7% from 4%). 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
2017-11-30 08:25 AM GDP Growth Rate YoY 4.6% 6.6% 3.4%
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 9.6% 3.4%
2018-11-30 08:25 AM GDP Growth Rate YoY 3.7%


Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 9.60 11.00 19.10 -19.70 percent [+]
GDP 11.54 10.55 11.66 1.20 USD Billion [+]
GDP Constant Prices 1112169.30 1793840.30 1793840.30 8413.00 AMD Million [+]
Gross Fixed Capital Formation 128409.30 436488.00 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 53672.40 282516.30 468357.70 50030.50 AMD Million [+]
GDP From Construction 43284.00 165867.90 196213.50 38976.90 AMD Million [+]
GDP From Manufacturing 128874.30 155632.30 155632.30 81803.40 AMD Million [+]
GDP From Mining 40150.50 46887.40 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 46817.70 91747.00 91747.00 31259.30 AMD Million [+]
GDP From Services 15524.80 23939.30 27174.60 5295.50 AMD Million [+]
GDP From Transport 39324.00 42699.50 42965.70 24520.60 AMD Million [+]
GDP From Utilities 5748.80 5880.90 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9.60 11.00 19.10 -19.70 1998 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 7.70 Mar/18
Turkey 7.40 Mar/18
China 6.70 Jun/18
Indonesia 5.06 Mar/18
Australia 3.10 Mar/18
Spain 3.00 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
United States 2.80 Mar/18
Euro Area 2.50 Mar/18
Canada 2.30 Mar/18
Germany 2.30 Mar/18
France 2.20 Mar/18
Switzerland 2.20 Mar/18
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
Brazil 1.20 Mar/18
United Kingdom 1.20 Mar/18
Japan 1.10 Mar/18


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