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

The Armenian economy expanded 4.4 percent year-on-year in the first quarter of 2016, following 1.1 percent growth in the three months to December of 2015. Mining (+36 percent from +77.7 percent in the previous quarter) and agriculture (+3.8 percent from +18.7 percent) grew at slower pace, while transportation and warehousing rebounded (+24.5 percent from -8.5 percent) and public administration expanded at a faster 15.7 percent (+4.7 percent). In addition, both construction (-2.4 percent from -9.8 percent) and manufacturing (-1.8 percent from -12.5 percent) shrank less than in the previous period. GDP Annual Growth Rate in Armenia averaged 7.58 percent from 1998 until 2016, 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
4.40 1.90 19.10 -19.70 1998 - 2016 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-30 11:30 AM Q3 3.3% 4.6% 3.1%
2016-02-29 04:30 PM Q4 1.9% 3.2% 2.0%
2016-05-31 09:00 AM Q1 4.4% 1.1% 2.3%
2016-08-31 09:00 AM Q2 4.1%
2016-11-30 09:00 AM Q3 3.9%

Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.40 1.90 19.10 -19.70 percent [+]
GDP 10.56 11.64 11.66 1.20 USD Billion [+]
GDP Constant Prices 898232.60 1531233.80 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 109870.10 434061.20 434061.20 104627.90 AMD Million [+]
GDP per capita 3792.85 3696.54 3792.85 884.30 USD [+]
GDP per capita PPP 7899.30 7698.70 7899.30 1841.70 USD [+]
GDP From Agriculture 52549.10 332844.10 472361.40 50859.60 AMD Million [+]
GDP From Construction 44899.10 166653.30 184364.80 39932.30 AMD Million [+]
GDP From Manufacturing 96673.00 118869.60 136311.60 81803.40 AMD Million [+]
GDP From Mining 25590.40 53381.40 53381.40 20466.50 AMD Million [+]
GDP From Public Administration 54183.50 58242.50 59650.70 31259.30 AMD Million [+]
GDP From Services 9372.80 13663.90 18103.30 5295.50 AMD Million [+]
GDP From Transport 32231.60 34650.80 41269.50 25035.40 AMD Million [+]
GDP From Utilities 4190.00 5190.00 6480.80 3240.20 AMD Million [+]




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