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.

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Calendar	GMT		Actual	Previous	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%	4.10%
2018-08-31	11:30 AM	GDP Growth Rate YoY			8.80%
2018-11-30	08:25 AM	GDP Growth Rate YoY			5.70%

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	1793840.30	1591815.30	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	282516.30	336115.30	468357.70	50030.50	AMD Million	[+]
GDP From Construction	165867.90	123606.00	196213.50	38976.90	AMD Million	[+]
GDP From Manufacturing	155632.30	136414.50	155632.30	81803.40	AMD Million	[+]
GDP From Mining	46887.40	42298.30	53325.80	20043.40	AMD Million	[+]
GDP From Public Administration	91747.00	60752.90	91747.00	31259.30	AMD Million	[+]
GDP From Services	23939.30	27174.60	27174.60	5295.50	AMD Million	[+]
GDP From Transport	42699.50	41001.20	42965.70	24520.60	AMD Million	[+]
GDP From Utilities	5880.90	5883.90	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 April of 2018.

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

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GDP annual growth rate by Country

Country	Last		Previous	Highest	Lowest
Turkey	7.30	Dec/17	11.3	11.7	-14.4	%	Quarterly
India	7.20	Dec/17	6.5	11.4	-5.2	%	Quarterly
China	6.80	Mar/18	6.8	15.4	3.8	%	Quarterly
Indonesia	5.19	Dec/17	5.06	7.16	1.56	%	Quarterly
Spain	3.10	Dec/17	3.1	5.6	-4.3	%	Quarterly
Canada	2.90	Dec/17	3	8.8	-4.1	%	Quarterly
Germany	2.90	Dec/17	2.7	7.2	-6.8	%	Quarterly
Netherlands	2.90	Dec/17	3	6.1	-4.9	%	Quarterly
South Korea	2.80	Dec/17	3.8	20.8	-7.3	%	Quarterly
Euro Area	2.70	Dec/17	2.7	5	-5.5	%	Quarterly
United States	2.60	Dec/17	2.3	13.4	-4.1	%	Quarterly
France	2.50	Dec/17	2.3	12.5	-3.8	%	Quarterly
Australia	2.40	Dec/17	2.9	9	-3.5	%	Quarterly
Brazil	2.10	Dec/17	1.4	10.1	-5.6	%	Quarterly
Japan	2.00	Dec/17	1.9	9.4	-8.8	%	Quarterly
Switzerland	1.90	Dec/17	1.2	5.8	-3.4	%	Quarterly
Italy	1.60	Dec/17	1.7	10.3	-7.2	%	Quarterly
Mexico	1.50	Dec/17	1.6	9	-9.1	%	Quarterly
United Kingdom	1.40	Dec/17	1.8	9.7	-5.9	%	Quarterly
Russia	0.90	Dec/17	2.2	12.1	-11.2	%	Quarterly