Armenia GDP Annual Growth Rate

The Armenian economy advanced 2.7 percent year-on-year in the third quarter of 2018, following an upwardly revised 7.5 percent growth in the previous quarter. GDP Annual Growth Rate in Armenia averaged 7.27 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.

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. Looking forward, we estimate GDP Annual Growth Rate in Armenia to stand at 5.10 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.

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Calendar	GMT		Actual	Previous	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%
2018-11-21	01:00 PM	GDP Growth Rate YoY	2.7%	7.5%	3.7%
2019-02-28	09:45 AM	GDP Growth Rate YoY			4%
2019-05-31	08:00 AM	GDP Growth Rate YoY			3.80%
2019-08-31	11:30 AM	GDP Growth Rate YoY			3.30%

Armenia GDP	Last	Previous	Highest	Lowest	Unit
GDP Annual Growth Rate	2.70	7.50	19.10	-19.70	percent	[+]
GDP	11.54	10.55	11.66	1.20	USD Billion	[+]
GDP Constant Prices	1676535.30	1358429.10	1793840.30	8413.00	AMD Million	[+]
Gross Fixed Capital Formation	265443.30	189465.60	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	321044.00	125689.50	468357.70	50030.50	AMD Million	[+]
GDP From Construction	120514.90	94491.50	196213.50	38976.90	AMD Million	[+]
GDP From Manufacturing	169434.70	144813.90	169434.70	81803.40	AMD Million	[+]
GDP From Mining	34919.10	37310.80	53325.80	20043.40	AMD Million	[+]
GDP From Public Administration	52139.10	56805.80	91747.00	31259.30	AMD Million	[+]
GDP From Services	35889.80	24492.50	35889.80	5295.50	AMD Million	[+]
GDP From Transport	51643.10	45142.30	51643.10	24520.60	AMD Million	[+]
GDP From Utilities	6938.00	6214.80	6938.00	2947.80	AMD Million	[+]

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 December of 2018.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2.70	7.50	19.10	-19.70	1998 - 2018	percent	Quarterly

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Country	Last		Previous	Range
India	7.10	Sep/18	8.2	11.4 : -5.2	%
China	6.50	Sep/18	6.7	15.4 : 3.8	%
Indonesia	5.17	Sep/18	5.27	7.16 : 1.56	%
United States	3.00	Sep/18	2.9	13.4 : -3.9	%
Australia	2.80	Sep/18	3.1	9 : -3.4	%
Mexico	2.50	Sep/18	2.6	9 : -9.1	%
Spain	2.50	Sep/18	2.5	5.6 : -4.3	%
Netherlands	2.40	Sep/18	3.1	6.1 : -4.6	%
Switzerland	2.40	Sep/18	3.5	5.8 : -3.7	%
Singapore	2.20	Sep/18	4.1	19 : -8.8	%
South Korea	2.00	Sep/18	2.8	20.8 : -7.3	%
Canada	1.90	Jun/18	2.3	9.3 : -4.1	%
Saudi Arabia	1.61	Jun/18	1.15	24.2 : -20.7	%
Euro Area	1.60	Sep/18	2.2	5 : -5.5	%
Turkey	1.60	Sep/18	5.3	11.7 : -14.4	%
United Kingdom	1.50	Sep/18	1.2	9.7 : -6.1	%
France	1.40	Sep/18	1.6	12.6 : -3.8	%
Brazil	1.30	Sep/18	0.9	10.1 : -5.5	%
Russia	1.30	Sep/18	1.9	12.1 : -11.2	%
Germany	1.10	Sep/18	2	7.2 : -6.8	%
South Africa	1.10	Sep/18	0.4	7.1 : -2.6	%
Italy	0.70	Sep/18	1.2	10.3 : -7.2	%
Japan	0.00	Sep/18	1.4	9.4 : -8.8	%
Argentina	-4.20	Jun/18	3.9	16.2 : -16.3	%