Armenia GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

The Armenian economy advanced 5.5 percent year-on-year in the second quarter of 2017, easing from a 6.5 percent rise in the previous period. Output continued to rise for trade and services (10.8 percent vs 5.3 percent in Q1). Conversely, growth slowed sharply for manufacturing (3.1 percent vs 12.4 percent) while construction sector (-13 percent vs -9.6 percent) and agriculture (-4.1 percent vs -3.8 percent) contracted. GDP Annual Growth Rate in Armenia averaged 7.27 percent from 1998 until 2017, 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
2017-02-28 09:10 AM GDP Growth Rate YoY -1% -0.1% -0.5%
2017-05-31 08:00 AM GDP Growth Rate YoY 6.5% -1% 5.4%
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 5.5% 3.4%


Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 5.50 6.50 19.10 -19.70 percent [+]
GDP 10.55 10.53 11.66 1.20 USD Billion [+]
GDP Constant Prices 1205103.40 971904.00 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 175801.00 105181.70 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 108520.60 50030.50 468357.70 50030.50 AMD Million [+]
GDP From Construction 88965.50 38976.90 196213.50 38976.90 AMD Million [+]
GDP From Manufacturing 122295.90 107060.80 137634.10 81803.40 AMD Million [+]
GDP From Mining 32370.20 29690.00 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 62060.90 55188.20 74164.50 31259.30 AMD Million [+]
GDP From Services 19107.00 12288.90 21966.30 5295.50 AMD Million [+]
GDP From Transport 36282.50 32110.30 42965.70 24520.60 AMD Million [+]
GDP From Utilities 6105.40 4461.30 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.50 6.50 19.10 -19.70 1998 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
China 6.80 Sep/17
India 5.70 Jun/17
Turkey 5.10 Jun/17
Indonesia 5.06 Sep/17
Canada 3.70 Jun/17
South Korea 3.60 Sep/17
Spain 3.10 Sep/17
Netherlands 3.00 Sep/17
Germany 2.80 Sep/17
Euro Area 2.50 Sep/17
United States 2.30 Sep/17
France 2.20 Sep/17
Australia 1.80 Jun/17
Italy 1.80 Sep/17
Russia 1.80 Sep/17
Japan 1.70 Sep/17
Mexico 1.60 Sep/17
United Kingdom 1.50 Sep/17
Brazil 0.30 Jun/17
Switzerland 0.30 Jun/17