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.

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%
2018-11-21 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 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 December of 2018.

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




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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