Armenia GDP Annual Growth Rate  1998-2016 | Data | Chart | Calendar

The Armenian economy expanded 3.30 percent year-on-year in three months to September 2015, following a downwardly revised 4.6 percent growth in the previous period. The manufacturing sector rebounded (up 0.1 percent, following a 3.3 percent contraction in Q2) while agricultural output slowed (up 5.6 percent following a 20.4 percent rise in Q2) and wholesale and retail trade shrank 8.2 percent (-6.4 percent in Q2). GDP Annual Growth Rate in Armenia averaged 7.72 percent from 1998 until 2015, reaching an all time high of 19.10 percent in the second quarter of 2006 and a record low of -19.70 percent in the third quarter of 2009. GDP Annual Growth Rate in Armenia is reported by the National Statistical Service of the Republic of Armenia.

Armenia GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
3.30 5.10 19.10 -19.70 1998 - 2015 percent Quarterly
Armenia is a landlocked country without energy resources. Construction, which receives large funding from foreign direct investment and remittances, is the most important sector of the economy. As a modernization attempt, Armenia has focused on development of small scale agriculture and small and medium enterprises to replace the old soviet agro-industrial model. Nonetheless, industry and agriculture remain outperformed by services. Recent tax reforms have failed to tackle Armenia’s shadow economy and corruption problems. This page provides - Armenia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-01 12:20 PM Q1 2.2% 2.6% 2.1%
2015-08-31 05:20 PM Q2 5.1% 2.5% 1.7%
2015-11-30 11:30 AM Q3 3.3% 4.6% 3.1%
2016-02-29 09:00 AM Q4 3.3% 2.0%
2016-05-31 09:00 AM Q1 1.8%
2016-08-31 09:00 AM Q2 1.0%

Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.30 5.10 19.10 -19.70 percent [+]
GDP 11.64 11.12 11.66 1.20 USD Billion [+]
GDP Constant Prices 1516554.60 1108547.10 1543135.00 8413.00 AMD Million [+]
Gross Fixed Capital Formation 274994.00 195715.70 427297.50 104627.90 AMD Million [+]
GDP per capita 2382.31 2309.71 2382.31 565.20 USD [+]
GDP per capita PPP 7763.39 7526.84 7763.39 1841.72 USD [+]
GDP From Agriculture 472361.40 129914.30 472361.40 50859.60 AMD Million [+]
GDP From Construction 117606.50 100088.90 184364.80 39932.30 AMD Million [+]
GDP From Manufacturing 122377.90 101648.70 136311.60 81803.40 AMD Million [+]
GDP From Mining 38872.80 38004.30 38872.80 20466.50 AMD Million [+]
GDP From Public Administration 59650.70 52572.80 59650.70 31259.30 AMD Million [+]
GDP From Services 18010.90 14316.70 18010.90 5295.50 AMD Million [+]
GDP From Transport 32503.20 24823.30 41269.50 24823.30 AMD Million [+]
GDP From Utilities 5043.10 4419.70 6480.80 3240.20 AMD Million [+]




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