Economy · Europe & Central Asia · Upper-middle income
Armenia: the economy in numbers
GDP is $29.2bn (2025), 116th of 211 in the world and 43rd of 57 in Europe & Central Asia. GDP per capita is $9,474 (2025), 108th of 211 in the world and 49th of 57 in Europe & Central Asia. GDP per capita, PPP is $24,754 (2025), 92nd of 199 in the world and 46th of 53 in Europe & Central Asia.
GDP
Armenia
GDP per capita
ArmeniaEurope & Central AsiaUpper-middle incomeWorld
13 indicators
Economy: Armenia in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $29.2bn2025 | 116/211 | 43/57 | $1.9bn | $9.3bn | $12.6bn | +177%since 2015 | $32.3tn | $33.5tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $9,4742025 | 108/211 | 49/57 | $593 | $3,041 | $4,269 | +170%since 2015 | $34,603 | $10,890 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $24,7542025 | 92/199 | 46/53 | $2,531 | $7,095 | $14,706 | +154%since 2015 | $54,129 | $25,523 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $9,0202025 | 98/201 | 44/53 | $630 | $3,280 | $4,230 | +131%since 2015 | $32,822 | $10,938 | $14,244 | |
| GDP growthGDP growth, annual % | 7.2%2025 | 18/210 | 7/56 | 5.9% | 2.2% | -7.2% | +4.0 ppsince 2015 | 1.7% | 4.2% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | 5.4%2025 | 26/210 | 6/56 | 4.1% | 2.9% | -7.2% | +1.8 ppsince 2015 | 1.3% | 3.9% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 7.9%2025 | 85/198 | 8/56 | · | 17.9%2012 | 11.3% | −9.3 ppsince 2015 | 2.0% | 6.9% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 23.1%2025 | 104/201 | 25/57 | · | 27.8%2012 | 26.8% | −2.6 ppsince 2015 | 22.7% | 32.7% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 11.0%2025 | 89/194 | 31/54 | · | 9.4%2012 | 12.3% | +1.8 ppsince 2015 | 13.5% | 21.0% | 14.9% | |
| Services shareServices, % of GDP | 61.3%2025 | 77/201 | 30/57 | · | 45.7%2012 | 53.2% | +13.1 ppsince 2015 | 65.5% | 56.9% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 24.2%2025 | 76/175 | 23/51 | 21.9% | 38.8% | 19.7% | +3.5 ppsince 2015 | 22.9% | 33.7% | 26.3% | |
| SavingsGross savings, % of GDP | 17.5%2025 | 109/163 | 38/49 | -0.9% | 13.2% | 15.6% | −1.0 ppsince 2015 | 24.6% | 33.4% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 7.1%2021 | 59/209 | 10/56 | 0.3% | 2.7% | 2.4% | +4.1 ppsince 2011 | 2.2% | 3.8% | 3.1% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- GDP+177%$29.2bn in 2025
- GDP per capita+170%$9,474 in 2025
- GDP per capita, PPP+154%$24,754 in 2025
- GNI per capita+131%$9,020 in 2025
Worse than ten years ago
No rated indicator got worse over the decade.
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Armenia and its neighbours
Countries sharing a land border with Armenia. Latest values since 2005; the highest in each row is marked.
| Indicator | Armenia | Iran | Türkiye | Azerbaijan | Georgia |
|---|---|---|---|---|---|
| GDP | $29.2bn2025 | $363bn2025 | $1.6tn2025 | $75.9bn2025 | $38.1bn2025 |
| GDP per capita | $9,4742025 | $3,9242025 | $18,5992025 | $7,4112025 | $9,6922025 |
| GDP per capita, PPP | $24,7542025 | $19,6992025 | $45,2882025 | $26,1132025 | $29,4142025 |
| GNI per capita | $9,0202025 | $4,6502025 | $16,3002025 | $7,3602025 | $8,9902025 |
| GDP growth | 7.2%2025 | -2.8%2025 | 3.6%2025 | 1.4%2025 | 7.5%2025 |
| GDP per capita growth | 5.4%2025 | -3.7%2025 | 3.2%2025 | 1.0%2025 | 4.1%2025 |
| Agriculture share | 7.9%2025 | 10.6%2025 | 5.2%2025 | 5.9%2025 | 5.2%2025 |
| Industry share | 23.1%2025 | 39.6%2025 | 24.0%2025 | 39.5%2025 | 18.6%2025 |
| Manufacturing share | 11.0%2025 | 20.6%2024 | 16.8%2024 | 6.0%2025 | 8.0%2025 |