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Economy of Armenia

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

8.4% 17.0% 7.6% 17.6% 9.6% 39.7%
  • Agriculture, forestry & fishing: 8.4%
  • Mining, manufacturing & utilities: 17.0%
  • Construction: 7.6%
  • Trade, restaurants & hotels: 17.6%
  • Transport & communication: 9.6%
  • Finance, real estate & other services: 39.7%
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Agriculture, forestry & fishing
8.4%
Mining, manufacturing & utilities
17.0%
Construction
7.6%
Trade, restaurants & hotels
17.6%
Transport & communication
9.6%
Finance, real estate & other services
39.7%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 31.9B #117 / 190 2026
GDP (Local currency - AMD) 12.3T - 2026
Real GDP (Local currency - AMD) 5.87T - 2026
PPP GDP (Int$) 82.7B #113 / 191 2026
GNI (USD) 25.3B #118 / 210 2024

GDP per Capita

GDP per Capita (USD) 10,410 #92 / 190 2026
GDP per Capita (Local currency - AMD) 4.02M - 2026
Real GDP per Capita (Local currency - AMD) 1.92M - 2026
PPP GDP per Capita (Int$) 27,024 #81 / 191 2026
GNI per Capita (USD) 8,494 #103 / 210 2024

Economic Growth

GDP Growth 5.3% #21 / 191 2026

Prices and Inflation

Inflation Rate 3.6% #90 / 191 2026

Labor Market

Unemployment Rate 12.8% #5 / 103 2026

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