The Armenian economy advanced 3.4 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 2.5 percent growth in the previous quarter. Output advanced further in the trade & services sector (10.7 percent from 7.9 percent in Q3). On the other hand, production slowed for industry (1.1 percent from 2.9 percent in Q3) and fell faster for construction (-2.7 percent from -0.4 percent) and for agriculture, hunting, forestry & fishing (-13.7 percent from -10.8 in Q3). On a quarterly basis, the GDP grew 7.4 percent after expanding 29.5 percent in the third quarter of the year. Considering the whole 2018, the economy grew by 5.2 percent, below a 7.5 percent expansion in the previous year. GDP Annual Growth Rate in Armenia averaged 7.23 percent from 1998 until 2019, 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 3.80 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 4.60 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
2018-05-31 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%
2019-02-20 09:45 AM GDP Growth Rate YoY 3.4% 2.5% 4.5%
2019-05-21 08:00 AM GDP Growth Rate YoY 3.4% 3.7%
2019-08-20 11:30 AM GDP Growth Rate YoY 3.2%
2019-11-20 01:00 PM GDP Growth Rate YoY 5%


Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.40 2.50 19.10 -19.70 percent [+]
GDP 11.54 10.55 11.66 1.20 USD Billion [+]
GDP Constant Prices 1844539.80 1683189.80 1844539.80 8413.00 AMD Million [+]
Gross Fixed Capital Formation 406178.00 265443.30 451713.50 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 261024.10 321044.00 468357.70 50589.60 AMD Million [+]
GDP From Construction 157906.00 120514.90 196213.50 37520.60 AMD Million [+]
GDP From Manufacturing 184100.30 169434.70 184100.30 81803.40 AMD Million [+]
GDP From Mining 39584.90 34924.30 53325.80 20043.40 AMD Million [+]
GDP From Public Administration 86596.90 52448.90 88251.50 31259.30 AMD Million [+]
GDP From Services 33346.50 35889.80 35889.80 5295.50 AMD Million [+]
GDP From Transport 50785.90 51643.10 51643.10 24520.60 AMD Million [+]
GDP From Utilities 5663.50 6938.00 8163.50 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 March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 2.50 19.10 -19.70 1998 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Dec/18
Indonesia 5.18 Dec/18
South Korea 3.10 Dec/18
United States 3.10 Dec/18
Saudi Arabia 2.50 Sep/18
Spain 2.40 Dec/18
Australia 2.30 Dec/18
Netherlands 2.00 Dec/18
Singapore 1.90 Dec/18
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Russia 1.50 Sep/18
Switzerland 1.40 Dec/18
United Kingdom 1.30 Dec/18
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 0.90 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -3.50 Sep/18


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