Armenia GDP Growth
Annual percentage growth rate of GDP NY.GDP.MKTP.KD.ZG
Armenia's gdp growth was 4.80% in 2025, ranked 34th globally. This represents a 18.6% decrease from 2024. Data from World Bank, covering 1991–2025.
Overview
Armenia's gdp growth stood at 4.80% in 2025, a decline of +1.10pp from 2024. The IMF projects 4.80% by 2025. Armenia ranked 34th globally.
Armenia’s real GDP growth has risen to 4.80 % in 2025, placing the country 34th in the world and virtually matching China’s 4.80 % and Kenya’s 4.82 % among its closest peers. The post‑Soviet collapse saw the deepest contraction in 1992, when output fell by 41.80 %, reflecting hyperinflation, loss of markets and the devastation of the Nagorno‑Karabakh conflict. A dramatic turnaround followed, culminating in a record 14.00 % expansion in 2003 as structural reforms, remittance inflows and a commodities boom spurred investment. Over the 35‑year span from 1991 to 2025, growth has oscillated but remained positive since the early 2000s, supported by diversified services, a growing diaspora‑driven private sector and modest fiscal discipline. Continued improvement will hinge on sustaining reforms, expanding export markets and stabilising the regional security environment, which together could keep the upward trajectory intact.
Data & projection
| Year | GDP Growth | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 4.50% | - | - |
| 2029* IMF | 4.50% | - | - |
| 2028* IMF | 4.80% | - | - |
| 2027* IMF | 5.50% | - | - |
| 2026* IMF | 4.90% | - | - |
| 2025* IMF | 4.80% | - | - |
| 2025 | 4.80% | −1.10pp | #34 |
| 2024 | 5.90% | −2.45pp | #27 |
| 2023 | 8.30% | −4.27pp | #11 |
| 2022 | 12.60% | +6.83pp | #11 |
| 2021 | 5.80% | +12.91pp | #90 |
| 2020 | -7.20% | −14.83pp | #149 |
| 2019 | 7.60% | +2.37pp | #9 |
| 2018 | 5.20% | −2.32pp | #46 |
| 2017 | 7.50% | +7.31pp | #14 |
| 2016 | 0.20% | −3.05pp | #183 |
| 2015 | 3.20% | −0.41pp | #94 |
| 2014 | 3.60% | +0.19pp | #96 |
| 2013 | 3.30% | −3.83pp | #103 |
| 2012 | 7.20% | +2.50pp | #33 |
| 2011 | 4.70% | +2.50pp | #83 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw gdp growth improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's gdp growth was 4.80% in 2025. Ranked 34th globally. This represents a 18.6% decrease from the previous year.
Armenia's gdp growth peaked at 14.00% in 2003.
The lowest gdp growth in Armenia was -41.80% in 1992.
Armenia ranks 34th globally in gdp growth as of 2025.
The World Bank indicator code is NY.GDP.MKTP.KD.ZG. Data sourced from World Bank.
Armenia's gdp growth is projected to reach 4.80% by 2025 based on IMF projection.
The gdp growth of Armenia in 2025 was 4.80%. This ranks 34th in the world.
Cite this page
@misc{historysaid_armenia_gdp-growth,
title = {Armenia GDP Growth},
url = {https://historysaid.com/armenia/gdp-growth/},
publisher = {HistorySaid},
year = {2026}
}