Armenia Economic Statistics and Indicators

21, May 2018, EDT. Welcome to the Armenia economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Armenia › Change country
National or Regional Currency: Dram, AMD
Year of data: 2015 › Change year
Number of Indicators Listed: 36
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 3,060,631 (July 2014 est.)
Area: total: 29,743 sq km ; land: 28,203 sq km ; water: 1,540 sq km
Natural Resources: small deposits of gold, copper, molybdenum, zinc, bauxite
Capital: name: Yerevan ; geographic coordinates: 40 10 N, 44 30 E ; time difference: UTC+4 (9 hours ahead of Washington, DC, during Standard Time)

After several years of double-digit economic growth, Armenia faced a severe economic recession with GDP declining more than 14% in 2009, despite large loans from multilateral institutions. Sharp declines in the construction sector and workers' remittances, particularly from Russia, led the downturn. The economy began to recover in 2010 with 2.1% growth, and has grown even faster in the three years since then. Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the large agroindustrial complexes of the Soviet era. Armenia's geographic isolation, a narrow export base, and pervasive monopolies in important business sectors have made it particularly vulnerable to the sharp deterioration in the global economy and the economic downturn in Russia. Since August 2011, Armenia has experienced a sharp currency depreciation. Armenia has only two open trade borders - Iran and Georgia - because its borders with Azerbaijan and Turkey have been closed since 1991 and 1993, respectively, as a result of Armenia's ongoing conflict with Azerbaijan over the separatist Nagorno-Karabakh region. Armenia is particularly dependent on Russian commercial and governmental support and most key Armenian infrastructure is Russian-owned and/or managed, especially in the energy sector. The electricity distribution system was privatized in 2002 and bought by Russia's RAO-UES in 2005. Natural gas is primarily imported from Russia but construction of a pipeline to deliver natural gas from Iran to Armenia was completed in December 2008, and gas deliveries expanded after the April 2010 completion of the Yerevan Thermal Power Plant. Armenia's severe trade imbalance has been offset somewhat by international aid, remittances from Armenians working abroad, and foreign direct investment. Armenia joined the WTO in January 2003. The government made some improvements in tax and customs administration in recent years, but anti-corruption measures have been ineffective and the economic downturn has led to a sharp drop in tax revenue and forced the government to accept large loan packages from Russia, the IMF, and other international financial institutions. Amendments to tax legislation, including the introduction of the first ever "luxury tax" in 2011, aim to increase the ratio of budget revenues to GDP, which still remains at low levels. Armenia will need to pursue additional economic reforms and to strengthen the rule of law in order to regain economic growth and improve economic competitiveness and employment opportunities, especially given its economic isolation from two of its nearest neighbors, Turkey and Azerbaijan.
More on the Armenia Economy
More on the Armenia Export, Import and Trade

Economic Indicator Listing
  For Armenia in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 3.005 %
GDP (Current Prices, National Currency)AMD 5,047.43 Billion.
GDP (Current Prices, US Dollars)US$ 10.571 Billion
GDP Deflator 150.732 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)AMD 1,119,772.16 .
GDP Per Capita (Current Prices, National Currency)AMD 1,687,854.24 .
GDP Per Capita (Current Prices, US Dollars)US$ 3,534.86
GDP (PPP), US DollarsUS$ 25.323 Billion
GDP Per Capita (PPP), US DollarsUS$ 8,467.95
GDP Share of World Total (PPP) 0.022 %
Implied PPP Conversion Rate 199.323
Investment (% of GDP) 19.541 %
Gross National Savings (% of GDP) 16.371 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 280.885 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3.731 %
Inflation, End of Year (Indexed to Year 2000) 280.536 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) -0.129 %
Import Volume of All Items Including Goods and Services (Percent Change) -7.876 %
Import Volumes of Goods Only (Percent Change) -15.116 %
Export Volume of All Items Including Goods and Services (Percent Change) 16.529 %
Export Volumes of Goods Only (Percent Change) 8.353 %
Unemployment Rate (% of Labour Force) 17.695 %
Population 2.99 Million
General government revenue (National Currency)AMD 1,082.74 Billions.
General government revenue (% of GDP) 21.451 %
General government total expenditure (National Currency)AMD 1,331.73 Billions.
General government total expenditure (% of GDP) 26.384 %
Total Government Net Lending/ Borrowing (National Currency)AMD -248.985 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -4.933 %
Fiscal Year Gross Domestic Product, Current PricesAMD 5,047.43 Billions.
Current Account Balance (US Dollars)US$ -0.335 Billion
Current Account Balance (% GDP) -3.17 %
Economic Indicators for Armenia 2015

GDP (Constant Prices, National Currency) for Armenia in year 2015 is AMD 3,348.61 Billion.

GDP Growth (Constant Prices, National Currency) for Armenia in year 2015 is 3.005 %.

GDP (Current Prices, National Currency) for Armenia in year 2015 is AMD 5,047.43 Billion.

GDP (Current Prices, US Dollars) for Armenia in year 2015 is US$ 10.571 Billion.

GDP Deflator for Armenia in year 2015 is 150.732 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Armenia in year 2015 is AMD 1,119,772.16 .

GDP Per Capita (Current Prices, National Currency) for Armenia in year 2015 is AMD 1,687,854.24 .

GDP Per Capita (Current Prices, US Dollars) for Armenia in year 2015 is US$ 3,534.86 .

GDP (PPP), US Dollars for Armenia in year 2015 is US$ 25.323 Billion.

GDP Per Capita (PPP), US Dollars for Armenia in year 2015 is US$ 8,467.95 .

GDP Share of World Total (PPP) for Armenia in year 2015 is 0.022 %.

Implied PPP Conversion Rate for Armenia in year 2015 is 199.323 .

Investment (% of GDP) for Armenia in year 2015 is 19.541 %.

Gross National Savings (% of GDP) for Armenia in year 2015 is 16.371 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Armenia in year 2015 is 280.885 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Armenia in year 2015 is 3.731 %.

Inflation, End of Year (Indexed to Year 2000) for Armenia in year 2015 is 280.536 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Armenia in year 2015 is -0.129 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Armenia in year 2015 is -7.876 %.

Import Volumes of Goods Only (Percent Change) for Armenia in year 2015 is -15.116 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Armenia in year 2015 is 16.529 %.

Export Volumes of Goods Only (Percent Change) for Armenia in year 2015 is 8.353 %.

Unemployment Rate (% of Labour Force) for Armenia in year 2015 is 17.695 %.

Population for Armenia in year 2015 is 2.99 Million .

General government revenue (National Currency) for Armenia in year 2015 is AMD 1,082.74 Billions.

General government revenue (% of GDP) for Armenia in year 2015 is 21.451 %.

General government total expenditure (National Currency) for Armenia in year 2015 is AMD 1,331.73 Billions.

General government total expenditure (% of GDP) for Armenia in year 2015 is 26.384 %.

Total Government Net Lending/ Borrowing (National Currency) for Armenia in year 2015 is AMD -248.985 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Armenia in year 2015 is -4.933 %.

Fiscal Year Gross Domestic Product, Current Prices for Armenia in year 2015 is AMD 5,047.43 Billions.

Current Account Balance (US Dollars) for Armenia in year 2015 is US$ -0.335 Billion.

Current Account Balance (% GDP) for Armenia in year 2015 is -3.17 %.

* Source: IMF
Aggregate Indicators for Armenia
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Armenia
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Armenia
  Natural Resources, Agricultural Products, Land Use and Water Use for Armenia
  Nationality, Ethnic Groups, Languages and Religions for Armenia
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Armenia
  Age Structure, Median Age, Gender and Urbanization for Armenia
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Armenia
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Armenia
  HIV, AIDS and Other Major Infectious Disease Rates for Armenia
  Literacy Rate, Educational Expenditure and School Life Expectancy for Armenia
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Armenia
  Industries and Industrial Growth Production Rate for Armenia
  Labor Force by Occupation for Armenia
  Poverty Line, Gini Index, Household Income and Consumption for Armenia
  National Budget and Public Debt for Armenia
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Armenia
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Armenia
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Armenia
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Armenia
  Foreign Exchange Reserves and Gold Reserves for Armenia
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Armenia
  Exchange Rate Statistics for Armenia
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Armenia
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Armenia
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Armenia
  Television and Radio Statistics (TV Stats, Radio Stats) for Armenia
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Armenia
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Armenia
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Armenia
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Armenia
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Armenia
* Source: CIA
Internet Indicators for Armenia
Indicators
  Number of Internet Users for Armenia
  Internet Penetration Rate for Armenia
  Number of Facebook Accounts for Armenia
  Facebook Penetration Rate for Armenia
* Source: IWS
Economic Freedom Indicators for Armenia
Indicators
  Economic Freedom World Rank for Armenia
  Government Spending for Armenia
  Monetary Freedom for Armenia
  Investment Freedom for Armenia
  Financial Freedom for Armenia
  Property Rights for Armenia
  Economic Freedom Regional Ranking for Armenia
  Freedom from Corruption for Armenia
  Labor Freedom for Armenia
  Tariff Rate for Armenia
  Income Tax Rate for Armenia
  Corporate Tax Rate for Armenia
  Tax Burden % of GDP for Armenia
  Government Expenditure % of GDP for Armenia
  Business Freedom for Armenia
  Trade Freedom for Armenia
  Fiscal Freedom for Armenia
  2016 Score for Armenia
* Source: HFO
Armenia Economic Indicators in other Years
  Armenia Economic Indicators for Year 2021 (Forecast)
  Armenia Economic Indicators for Year 2020 (Forecast)
  Armenia Economic Indicators for Year 2019 (Forecast)
  Armenia Economic Indicators for Year 2018 (Forecast)
  Armenia Economic Indicators for Year 2017 (Forecast)
  Armenia Economic Indicators for Year 2016 (Forecast)
Armenia Economic Indicators for Year 2015 (Current)
  Armenia Economic Indicators for Year 2014
  Armenia Economic Indicators for Year 2013
  Armenia Economic Indicators for Year 2012
  Armenia Economic Indicators for Year 2011
  Armenia Economic Indicators for Year 2010
  Armenia Economic Indicators for Year 2009
  Armenia Economic Indicators for Year 2008
  Armenia Economic Indicators for Year 2007
  Armenia Economic Indicators for Year 2006
  Armenia Economic Indicators for Year 2005
  Armenia Economic Indicators for Year 2004
  Armenia Economic Indicators for Year 2003
  Armenia Economic Indicators for Year 2002
  Armenia Economic Indicators for Year 2001
  Armenia Economic Indicators for Year 2000
  Armenia Economic Indicators for Year 1999
  Armenia Economic Indicators for Year 1998
  Armenia Economic Indicators for Year 1997
  Armenia Economic Indicators for Year 1996
  Armenia Economic Indicators for Year 1995
  Armenia Economic Indicators for Year 1994
  Armenia Economic Indicators for Year 1993
  Armenia Economic Indicators for Year 1992
  Armenia Economic Indicators for Year 1991
  Armenia Economic Indicators for Year 1990
  Armenia Economic Indicators for Year 1989
  Armenia Economic Indicators for Year 1988
  Armenia Economic Indicators for Year 1987
  Armenia Economic Indicators for Year 1986
  Armenia Economic Indicators for Year 1985
  Armenia Economic Indicators for Year 1984
  Armenia Economic Indicators for Year 1983
  Armenia Economic Indicators for Year 1982
  Armenia Economic Indicators for Year 1981
  Armenia Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International