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

The Armenian economy advanced 11.2 percent year-on-year in the fourth quarter of 2017, following an upwardly revised 4.6 percent in the previous quarter. It is the highest growth rate since the September quarter of 2008. Output expanded faster for pharmaceutical products (20.3 percent compared to 10 percent in Q3); manufacturing (19.3 percent compared to 4.8 percent); construction (13.1 percent vs 8.3 percent); transportation (24.1 percent vs 7.5 percent); and rebounded for agriculture (8.2 percent vs -12.4 percent). On the other hand, output grew at a slower pace for mining (8.5 percent vs 32.6 percent in Q3), electric, gas & steam supply (9.9 percent vs 15 percent) and wholesale & retail trade (8.1 percent vs 22.2 percent). GDP Annual Growth Rate in Armenia averaged 7.30 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
2017-08-31 11:30 AM GDP Growth Rate YoY 5.5% 6.5% 5%
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 11.2% 3.4%
2018-08-31 11:30 AM GDP Growth Rate YoY 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 11.20 4.60 19.10 -19.70 percent [+]
GDP 10.55 10.53 11.66 1.20 USD Billion [+]
GDP Constant Prices 1112169.30 1793840.30 1793840.30 8413.00 AMD Million [+]
Gross Fixed Capital Formation 436488.00 269965.60 453361.70 95230.00 AMD Million [+]
GDP per capita 3924.90 3927.70 3927.70 886.00 USD [+]
GDP per capita PPP 8174.40 8180.10 8180.10 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 May of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
11.20 4.60 19.10 -19.70 1998 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.06 Mar/18
Canada 2.90 Dec/17
Spain 2.90 Mar/18
United States 2.90 Mar/18
Netherlands 2.80 Mar/18
South Korea 2.80 Mar/18
Euro Area 2.50 Mar/18
Australia 2.40 Dec/17
Germany 2.30 Mar/18
Brazil 2.10 Dec/17
France 2.10 Mar/18
Switzerland 1.90 Dec/17
Italy 1.40 Mar/18
Mexico 1.30 Mar/18
Russia 1.30 Mar/18
United Kingdom 1.20 Mar/18
Japan 0.90 Mar/18


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