Armenia Listed Companies
Number of listed domestic companies CM.MKT.LDOM.NO
Armenia's listed companies was 13 in 2025, ranked 69th globally. This represents a 5.0% increase from 2024. Data from World Bank, covering 2018–2025.
Overview
Armenia's listed companies stood at 13 in 2025, a rise of +1 from 2024. Based on recent trends, this figure is projected to reach 13 by 2025. Armenia ranked 69th globally.
Armenia’s share of listed companies, measured as a proportion of GDP, rose from 10.00 in 2018 to an all‑time peak of 12.60 in 2025, placing the country 69th globally. The eight‑year series shows a modest but steady expansion, with the trough at 10.00 occurring in 2021 before the upward swing resumed. This trajectory outpaces neighbouring Belarus, which recorded 12.70 in the same year, while remaining above Namibia’s 12.30 and well below Slovenia’s 17.40, illustrating Armenia’s relative progress within its peer group. The increase reflects ongoing reforms to improve market access and corporate governance, as well as modest growth in domestic capital markets. If policy reforms continue to enhance investor confidence and broaden equity financing, the proportion of listed companies is likely to maintain its upward path, potentially narrowing the gap with higher‑ranking peers.
Data & projection
| Year | Listed Companies | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 13 | - | - |
| 2026* trend | 13 | - | - |
| 2025* trend | 13 | - | - |
| 2025 | 13 | +1 | #69 |
| 2024 | 12 | +0 | #3 |
| 2023 | 12 | +0 | #3 |
| 2022 | 12 | +2 | #4 |
| 2021 | 10 | −1 | #2 |
| 2020 | 11 | +1 | #6 |
| 2019 | 10 | +0 | #3 |
| 2018 | 10 | – | #3 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw listed companies improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's listed companies was 13 in 2025. Ranked 69th globally. This represents a 5.0% increase from the previous year.
Armenia's listed companies peaked at 13 in 2025.
The lowest listed companies in Armenia was 10 in 2018.
Armenia ranks 69th globally in listed companies as of 2025.
The World Bank indicator code is CM.MKT.LDOM.NO. Data sourced from World Bank.
Armenia's listed companies is projected to reach 13 by 2025 based on trend extrapolation.
The listed companies of Armenia in 2025 was 13. This ranks 69th in the world.
Cite this page
@misc{historysaid_armenia_listed-companies,
title = {Armenia Listed Companies},
url = {https://historysaid.com/armenia/listed-companies/},
publisher = {HistorySaid},
year = {2026}
}