Armenia in figures

Armenia's output grew by more than 10% a year from 2002 to 2007, then fell 14.1% in 2009. A second surge followed in 2022, at 12.6%, and GDP stood at $29.2 billion in 2025, against $1.9 billion in 2000. After two decades of decline to 2,961,500 in 2020, the population grew again, to 3,086,700 in 2025 by the World Bank's count.

GDP

$29.2 bn

2025

from $1.9 bn in 2000

GDP per person

$9 474

2025

from $593 in 2000

Real growth

7.2%

2025

from 5.9% in 2000

Inflation

3.3%

2025

from −0.8% in 2000

Unemployment

12.9%

2025

from 11.1% in 2000

Government debt

49.0%of GDP

2025

from 39.6% in 2000

Economy

How large Armenia's economy is, how fast it grows and what it is made of

The economy grew 14.0% in 2003 and 13.7% in 2007. Then came the fall of 14.1% in 2009, and output shrank again by 7.2% in 2020. From 2022 to 2025 it grew 12.6%, 8.3%, 5.9% and 7.2%, and GDP per person at purchasing power parity, $2,531 in 2000, reached $24,754 in 2025. Beyond 2025 the IMF projected 5.3% for 2026 and 5.0% a year from 2028. The value-added series begin in 2012. Services grew from 45.7% of GDP in 2012 to 61.3% in 2025, while agriculture, forestry and fishing fell from 17.9% to 7.9%. Industry with construction slipped from 27.8% in 2012 to 23.1% in 2025, even as manufacturing, which is counted within it, edged up from 9.4% to 11.0% over the same years.

GDP, current US dollars

$29.2 bn2025

World Bank
Data
YearGDP, current US dollars
2025$29.2 bn
2024$26.0 bn
2023$24.2 bn
2022$19.5 bn
2021$13.9 bn
2020$12.6 bn
2019$13.6 bn
2018$12.5 bn
2017$11.5 bn
2016$10.5 bn
2015$10.6 bn
2014$11.6 bn
2013$11.1 bn
2012$10.6 bn
2011$10.1 bn
2010$9.3 bn
2009$8.6 bn
2008$11.7 bn
2007$9.2 bn
2006$6.4 bn
2005$4.9 bn
2004$3.6 bn
2003$2.8 bn
2002$2.4 bn
2001$2.1 bn
2000$1.9 bn

Series World Bank NY.GDP.MKTP.CD

Real GDP growth

7.2%2025

World Bank · IMF World Economic Outlook
Data
YearGrowth
2031 (projection)5.0%
2030 (projection)5.0%
2029 (projection)5.0%
2028 (projection)5.0%
2027 (projection)5.5%
2026 (projection)5.3%
20257.2%
20245.9%
20238.3%
202212.6%
20215.8%
2020−7.2%
20197.6%
20185.2%
20177.5%
20160.2%
20153.2%
20143.6%
20133.3%
20127.2%
20114.7%
20102.2%
2009−14.1%
20086.9%
200713.7%
200613.2%
200513.9%
200410.5%
200314.0%
200213.2%
20019.6%
20005.9%

Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH

GDP per person

$9 4742025

At market exchange ratesAt purchasing power parity

World Bank
Data
YearGDP per personAt purchasing power
2025$9 474$24 754
2024$8 556$22 856
2023$8 159$21 552
2022$6 572$19 158
2021$4 685$15 922
2020$4 269$14 706
2019$4 597$14 976
2018$4 196$12 877
2017$3 869$12 066
2016$3 524$10 570
2015$3 512$9 757
2014$3 852$9 736
2013$3 680$9 455
2012$3 512$8 943
2011$3 350$7 624
2010$3 041$7 095
2009$2 821$6 812
2008$3 778$7 827
2007$2 963$7 137
2006$2 042$6 073
2005$1 557$5 172
2004$1 130$4 377
2003$882$3 836
2002$743$3 282
2001$660$2 844
2000$593$2 531

Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD

Value added, share of GDP

Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.

201246%9%18%18%9%
202561%11%12%
  • Services
  • Manufacturing
  • Other industry and construction
  • Agriculture, forestry, fishing
  • Taxes less subsidies
World Bank

Prices and work

What prices and jobs did

The fastest price rise was 8.9%, in 2008. It was high again in 2010, at 8.2%, and in 2022, at 8.6%, while prices fell 0.8% in 2000 and 1.4% in 2016 and rose only 0.3% in 2024 before the 3.3% of 2025. Unemployment jumped from 10.4% in 2007 to 19.5% in 2010, stayed above 17% until 2020 and was 12.9% in 2025. Youth unemployment peaked at 39.5% in 2009.

Inflation, consumer prices

3.3%2025

World Bank · IMF World Economic Outlook
Data
YearInflation
2031 (projection)3.0%
2030 (projection)3.0%
2029 (projection)3.0%
2028 (projection)3.3%
2027 (projection)3.4%
2026 (projection)3.6%
20253.3%
20240.3%
20232.0%
20228.6%
20217.2%
20201.2%
20191.4%
20182.5%
20171.0%
2016−1.4%
20153.7%
20143.0%
20135.8%
20122.6%
20117.7%
20108.2%
20093.4%
20088.9%
20074.4%
20062.9%
20050.6%
20047.0%
20034.7%
20021.1%
20013.1%
2000−0.8%

Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH

Unemployment

12.9%2025

All agesAges 15 to 24

World Bank
Data
YearUnemploymentAges 15 to 24
202512.9%26.2%
202412.4%26.7%
202312.4%26.7%
202213.4%26.7%
202115.5%30.1%
202018.2%32.1%
201918.3%32.6%
201819.0%33.6%
201717.7%37.7%
201617.6%35.7%
201518.3%31.9%
201417.5%36.4%
201316.6%35.0%
201217.5%34.3%
201118.9%38.1%
201019.5%37.5%
200919.3%39.5%
200817.1%35.6%
200710.4%11.9%
200610.5%11.9%
200510.6%12.0%
200410.7%12.0%
200310.8%12.0%
200210.9%12.1%
200111.0%12.2%
200011.1%12.2%

Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS

Trade

How open the economy is

Exports shrank from 30.5% of GDP in 2003 to 14.3% in 2008, climbed to 73.6% in 2024 and dropped to 48.1% in 2025. Imports moved in step. They reached 76.4% of GDP in 2024. On the current account the deficit was 16.5% of GDP in 2009; 2022 brought a surplus of 0.7%, and 2025 a deficit of 7.2%. Foreign direct investment was 8.8% of GDP in 2009 and 2.1% in 2025.

Exports and imports, share of GDP

48.1%2025

ExportsImports

World Bank
Data
YearExports of goods and servicesImports
202548.1%53.6%
202473.6%76.4%
202361.0%62.4%
202251.6%52.3%
202135.7%43.6%
202030.1%40.0%
201942.3%55.6%
201839.4%53.1%
201738.2%49.0%
201633.7%42.3%
201529.7%42.0%
201428.6%47.2%
201328.4%49.2%
201227.6%48.4%
201122.5%46.9%
201019.8%44.9%
200914.7%42.6%
200814.3%40.3%
200718.2%38.8%
200622.1%38.9%
200527.3%42.8%
200428.2%44.9%
200330.5%49.6%
200227.8%46.1%
200124.1%45.7%
200022.2%50.1%

Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS

Current account balance, share of GDP

−7.2%2025

World Bank
Data
YearCurrent account balance
2025−7.2%
2024−4.6%
2023−2.8%
20220.7%
2021−3.4%
2020−4.0%
2019−7.1%
2018−7.2%
2017−1.3%
2016−1.0%
2015−2.7%
2014−7.8%
2013−7.3%
2012−10.0%
2011−10.4%
2010−13.6%
2009−16.5%
2008−14.2%
2007−7.4%
2006−2.4%
2005−2.5%
2004−2.2%
2003−6.2%
2002−6.2%
2001−10.4%
2000−15.8%

Series World Bank BN.CAB.XOKA.GD.ZS

Foreign direct investment, net inflows, share of GDP

2.1%2025

World Bank
Data
YearForeign direct investment, net inflows
20252.1%
20240.5%
20232.4%
20225.0%
20212.6%
20200.5%
20190.7%
20182.1%
20172.2%
20163.2%
20151.7%
20143.5%
20133.1%
20124.7%
20116.4%
20105.7%
20098.8%
20088.1%
20077.3%
20067.3%
20056.0%
20046.9%
20034.4%
20024.7%
20013.3%
20005.5%

Series World Bank BX.KLT.DINV.WD.GD.ZS

Public finances

What the state owes and borrows

IMF data show debt falling from 39.6% of GDP in 2000 to 16.1% in 2007, then jumping to 40.6% in 2009. It rose to 67.4% in 2020 and stood at 49.0% in 2025. The IMF projected a peak of 51.4% in 2028 and 46.7% by 2031. Tax revenue rose from 14.0% of GDP in 2004 to 22.4% in 2024, and the deficit was 3.7% of GDP in 2025.

General government gross debt, share of GDP

49.0%2025

IMF World Economic Outlook
Data
YearGeneral government gross debt
2031 (projection)46.7%
2030 (projection)48.8%
2029 (projection)50.4%
2028 (projection)51.4%
2027 (projection)51.2%
2026 (projection)50.6%
202549.0%
202450.0%
202350.5%
202249.2%
202163.4%
202067.4%
201953.7%
201855.7%
201758.9%
201656.7%
201548.7%
201443.7%
201340.9%
201241.4%
201142.2%
201040.0%
200940.6%
200816.4%
200716.1%
200618.7%
200524.4%
200426.4%
200333.0%
200238.2%
200138.1%
200039.6%

Series IMF World Economic Outlook GGXWDG_NGDP

Government net lending or borrowing, share of GDP

−3.7%2025

Below zero the government borrowed.

IMF World Economic Outlook
Data
YearGeneral government net lending or borrowing
2031 (projection)−1.3%
2030 (projection)−1.8%
2029 (projection)−2.3%
2028 (projection)−2.9%
2027 (projection)−3.5%
2026 (projection)−4.5%
2025−3.7%
2024−3.7%
2023−2.0%
2022−2.1%
2021−4.6%
2020−5.4%
2019−1.0%
2018−1.8%
2017−4.7%
2016−5.6%
2015−4.8%
2014−1.9%
2013−1.6%
2012−1.5%
2011−2.9%
2010−5.0%
2009−7.7%
2008−1.8%
2007−2.3%
2006−2.0%
2005−2.0%

Series IMF World Economic Outlook GGXCNL_NGDP

Tax revenue, share of GDP

22.4%2024

World Bank
Data
YearTax revenue
202422.4%
202322.4%
202221.8%
202122.0%
202021.9%
201922.3%
201820.9%
201720.8%
201621.3%
201520.9%
201421.6%
201321.6%
201217.5%
201117.2%
201017.1%
200916.5%
200817.3%
200716.0%
200614.4%
200514.3%
200414.0%

Series World Bank GC.TAX.TOTL.GD.ZS

People

Who lives in Armenia

The World Bank counted 3,221,100 people in 2000 and 2,961,500 in 2020. Net migration was negative every year until 2022, when it added 38,001 people, and 2023, when it added 75,000; it took away 29,013 in 2025. Fertility rose. It climbed from 1.30 children per woman in 2000 to 1.90 in 2023, then eased to 1.70 in 2024. In 2025, 14.4% of residents were 65 or older; life expectancy reached 78.3 years in 2024.

Population

3.09 m2025

The axis does not start at zero, so the change looks larger than it is.

World Bank
Data
YearPopulation
20253.09 m
20243.03 m
20232.96 m
20222.97 m
20212.96 m
20202.96 m
20192.96 m
20182.97 m
20172.98 m
20162.99 m
20153.00 m
20143.01 m
20133.02 m
20123.02 m
20113.03 m
20103.04 m
20093.07 m
20083.09 m
20073.11 m
20063.13 m
20053.15 m
20043.16 m
20033.18 m
20023.20 m
20013.21 m
20003.22 m

Series World Bank SP.POP.TOTL

Age structure, share of the population
65 and over14.4%15 to 6466.6%Under 1519.0%
World Bank
Data
YearAged 0 to 1415 to 6465 and over
202519.0%66.6%14.4%
202419.2%67.1%13.7%
202319.6%67.2%13.2%
202219.9%67.2%12.9%
202120.1%67.3%12.6%
202020.2%67.5%12.3%
201920.3%67.7%12.1%
201820.4%67.8%11.7%
201720.5%68.1%11.4%
201620.3%68.5%11.1%
201520.1%69.0%10.9%
201419.9%69.3%10.8%
201319.6%69.6%10.7%
201219.5%69.9%10.7%
201119.4%70.0%10.6%
201019.3%70.0%10.7%
200919.3%69.8%10.9%
200819.4%69.4%11.2%
200719.8%68.9%11.3%
200620.4%68.3%11.3%
200521.2%67.7%11.1%
200422.1%67.1%10.8%
200322.9%66.7%10.4%
200223.8%66.2%10.0%
200124.9%65.6%9.6%
200026.3%64.6%9.2%

Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS

Births per woman

1.702024

World Bank
Data
YearBirths per woman
20241.70
20231.90
20221.70
20211.70
20201.70
20191.60
20181.60
20171.60
20161.60
20151.60
20141.70
20131.60
20121.60
20111.50
20101.50
20091.50
20081.40
20071.40
20061.30
20051.30
20041.40
20031.30
20021.20
20011.20
20001.30

Series World Bank SP.DYN.TFRT.IN

Life expectancy at birth

78.3 years2024

World Bank
Data
YearLife expectancy at birth
202478.3 years
202377.5 years
202274.8 years
202172.3 years
202073.4 years
201976.2 years
201875.6 years
201775.2 years
201674.9 years
201574.9 years
201474.9 years
201374.6 years
201274.1 years
201173.8 years
201073.2 years
200973.1 years
200873.1 years
200772.9 years
200672.8 years
200573.1 years
200473.0 years
200372.8 years
200272.8 years
200173.0 years
200072.9 years

Series World Bank SP.DYN.LE00.IN

Net migration

−29 0132025

People arriving less people leaving, each year. The largest net inflow in the series was 75 000 people, in 2023.

World Bank
Data
YearNet migration
2025−29 013
2024−29 966
202375 000
202238 001
2021−19 457
2020−13 046
2019−14 330
2018−13 129
2017−14 180
2016−14 697
2015−15 225
2014−15 745
2013−16 265
2012−16 782
2011−17 296
2010−30 009
2009−30 357
2008−29 732
2007−29 980
2006−29 921
2005−29 921
2004−30 103
2003−29 616
2002−27 792
2001−51 303
2000−52 780

Series World Bank SM.POP.NETM

Living standards

Health, schooling, the internet and inequality

Health spending climbed from 4.2% of GDP in 2000 to a peak of 12.3% in 2021 and stood at 9.3% in 2023. Education got 2.4% of GDP in 2023. In 2024, 81.3% of people used the internet, up from 1.3% in 2000, and the Gini coefficient of income inequality, 37.5 in 2004, fell to 27.4 by 2024.

Health spending, share of GDP

9.3%2023

World Bank
Data
YearHealth spending
20239.3%
202210.0%
202112.3%
202012.2%
201911.4%
201810.0%
201710.4%
20169.9%
201510.1%
201410.2%
201310.3%
20129.1%
20119.4%
20109.2%
20098.4%
20086.6%
20075.5%
20065.8%
20055.9%
20046.1%
20037.2%
20027.6%
20014.7%
20004.2%

Series World Bank SH.XPD.CHEX.GD.ZS

Public spending on education, share of GDP

2.4%2023

World Bank
Data
YearPublic spending on education
20232.4%
20222.5%
20212.8%
20202.7%
20192.2%
20182.1%
20172.7%
20162.8%
20152.8%
20142.3%
20132.6%
20122.8%
20113.1%
20103.3%
20093.8%
20083.2%
20073.0%
20062.7%
20052.7%
20042.5%
20032.1%
20022.1%
20012.5%
20002.8%

Series World Bank SE.XPD.TOTL.GD.ZS

Using the internet

81.3%2024

World Bank
Data
YearUsing the internet
202481.3%
202380.0%
202277.0%
202178.6%
202076.5%
201966.5%
201868.3%
201764.7%
201664.3%
201559.1%
201454.6%
201341.9%
201237.5%
201132.0%
201025.0%
200915.3%
20086.2%
20076.0%
20065.6%
20055.3%
20044.9%
20034.6%
20022.0%
20011.6%
20001.3%

Series World Bank IT.NET.USER.ZS

Gini coefficient

27.42024

World Bank
Data
YearGini coefficient
202427.4
202327.2
202227.9
202127.9
202025.1
201930.0
201834.4
201733.6
201632.5
201532.4
201431.5
201330.6
201229.6
201129.4
201030.0
200928.0
200829.2
200731.2
200629.7
200536.0
200437.5
200333.0
200234.8
200135.4

Series World Bank SI.POV.GINI

Living in towns and cities

65.9%2025

World Bank
Data
YearLiving in towns and cities
202565.9%
202465.8%
202365.7%
202265.6%
202165.4%
202065.2%
201965.0%
201864.8%
201764.7%
201664.6%
201564.5%
201464.4%
201364.4%
201264.3%
201164.3%
201064.3%
200964.3%
200864.4%
200764.4%
200664.5%
200564.5%
200464.6%
200364.7%
200264.7%
200164.8%
200065.0%

Series World Bank SP.URB.TOTL.IN.ZS

Energy and environment

Energy, emissions and forest

Renewables generated 30.0% of electricity in 2021, after 39.5% in 2010 and 16.8% in 2001, and supplied 9.1% of final energy use in that same year. Emissions of carbon dioxide per person went from 1.1 tonnes in 2000 to 2.5 in 2024. Forest cover barely moved: 11.6% of the land in 2023.

Electricity from renewable sources

30.0%2021

World Bank
Data
YearElectricity from renewable sources
202130.0%
202023.4%
201931.2%
201830.0%
201729.3%
201632.2%
201528.3%
201425.8%
201328.2%
201228.8%
201133.6%
201039.5%
200935.7%
200831.2%
200731.5%
200630.7%
200528.1%
200433.4%
200336.0%
200230.0%
200116.8%
200021.2%

Series World Bank EG.ELC.RNEW.ZS

Renewable share of final energy use

9.1%2021

World Bank
Data
YearRenewable share of final energy use
20219.1%
20208.4%
201910.3%
201811.1%
201712.6%
201613.2%
201510.7%
20147.1%
20136.8%
20126.6%
20118.0%
20109.4%
20097.8%
20086.4%
20077.0%
20067.7%
20056.5%
20048.7%
20039.8%
20028.9%
20015.4%
20007.2%

Series World Bank EG.FEC.RNEW.ZS

CO2 emissions per person

2.5 t2024

World Bank
Data
YearCO2 emissions per person
20242.5 t
20232.5 t
20222.6 t
20212.5 t
20202.3 t
20192.2 t
20182.0 t
20171.9 t
20161.8 t
20151.9 t
20141.9 t
20131.8 t
20121.9 t
20111.6 t
20101.4 t
20091.5 t
20081.8 t
20071.7 t
20061.4 t
20051.4 t
20041.2 t
20031.1 t
20021.0 t
20011.1 t
20001.1 t

Series World Bank EN.GHG.CO2.PC.CE.AR5

Forest cover

11.6%2023

World Bank
Data
YearForest cover
202311.6%
202211.6%
202111.6%
202011.7%
201911.5%
201811.6%
201711.6%
201611.6%
201511.6%
201411.6%
201311.6%
201211.6%
201111.6%
201011.6%
200911.6%
200811.6%
200711.6%
200611.6%
200511.7%
200411.7%
200311.7%
200211.7%
200111.7%
200011.7%

Series World Bank AG.LND.FRST.ZS

Codes

Armenia's codes and memberships

The state

Status
Sovereign state
State since
1991
Government
parliamentary system, republic, unitary state
Official language
Armenian
United Nations
Member

Identifiers

AMISO alpha-2
ARMISO alpha-3
051ISO numeric
Calling code
+374
Internet domain
.am · .հայ
Time zone
UTC+04:00

Questions

Questions about Armenia in figures

What is Armenia's GDP?

Armenia's economy produced $29.2 billion of output in 2025 at current prices, by World Bank figures, or $9,474 per person; at purchasing power parity the per-person figure was $24,754 in 2025.

Did Armenia's economy grow in 2025?

Growth was 7.2% in 2025 and 5.9% in 2024, per the World Bank, after 12.6% in 2022. The worst years since 2000 were 2009, when output fell 14.1%, and 2020, when it fell 7.2%. For 2026 the IMF projected 5.3%, with 5.5% for 2027 and 5.0% a year from 2028 to 2031.

How high was inflation in Armenia in 2025?

Armenia's consumer prices were 3.3% higher in 2025 than in 2024, the World Bank reports, and the IMF projected 3.6% for 2026.

What does Armenia's government owe?

The IMF estimated Armenia's gross government debt at 49.0% of GDP in 2025, below 67.4% in 2020 and far above 16.1% in 2007. Its projections: 50.6% for 2026 and 46.7% for 2031.

Is Armenia's population growing again?

Armenia's population was 3,086,700 in 2025 on World Bank estimates. It had fallen in almost every year from 3,221,100 in 2000 to 2,961,500 in 2020, then grew again as net migration turned positive, adding 38,001 people in 2022 and 75,000 in 2023. Growth reached 2.3% in 2024.

What is unemployment in Armenia?

Armenia's unemployment rate stood at 12.9% in 2025, against 19.5% in 2010, by World Bank figures. Young people aged 15 to 24 faced a rate of 26.2% in 2025, and the IMF projected 12.8% overall for 2026.

Record generated 2026-08-31, series 2026-09-27 · Q399 · World Bank data · Europe