Armenia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Armenia expanded 5.20 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Armenia is reported by the National Statistical Service of the Republic of Armenia. GDP Annual Growth Rate in Armenia averaged 8.18 Percent from 1998 until 2013, 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. 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. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.20 1.60 19.10 -19.70 -1.12 | 2014/03 1998 - 2013 Percent Quarterly

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Armenia GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-03-29 10:00 AM Armenia
GDP Growth Rate YoY
Q4 2012 6.4% 9.30%
2013-08-30 10:00 AM Armenia
GDP Growth Rate YoY
Q2 2013 0.6% 7.50% 6.82%
2013-11-29 09:50 AM Armenia
GDP Growth Rate YoY
Q3 2013 1.4% 0.6% 1.88%
2014-02-28 03:00 PM Armenia
GDP Growth Rate YoY
Q4 2014 5.2% 1.6% (R) 0.64%
2014-05-30 03:00 PM Armenia
GDP Growth Rate YoY
Q1 2014 -1.12%
2014-08-29 03:00 PM Armenia
GDP Growth Rate YoY
Q2 2014 -1.82%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 9.91 2012-12-31 10.14 11.66 1.20 10.13 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 5.20 2013-12-31 1.60 19.10 -19.70 -1.12 2014-03-31 Percent [+]
GDP Constant Prices 1357702.60 2013-11-15 1285899.00 1357702.60 8413.00 1213768.85 2014-06-30 AMD Million [+]
GDP per capita 2234.70 2012-12-31 2089.10 2265.40 565.20 2453.78 2014-06-30 USD [+]
GDP per capita PPP 5727.28 2012-12-31 5354.34 5806.13 1448.46 6288.54 2014-06-30 USD [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Armenia Capital Flows at 1025.30 USD Million  
Capital Flows in Armenia increased to 1025.30 USD Million in 2013 from 857.30 USD Million in 2012. Capital Flows in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Confidence at 40.90  
Consumer Confidence in Armenia decreased to 40.90 in the fourth quarter of 2013 from 41.90 in the third quarter of 2013. Consumer Confidence in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Price Index (CPI) at 101.20 Index Points  
Consumer Price Index (CPI) in Armenia decreased to 101.20 Index Points in March of 2014 from 101.60 Index Points in February of 2014. Consumer Price Index (CPI) in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Core Consumer Prices at 100.02 Index Points  
Core Consumer Prices in Armenia increased to 100.02 Index Points in March of 2014 from 99.55 Index Points in February of 2014. Core Consumer Prices in Armenia is reported by the Central Bank of Armenia.
Armenia Current Account at -335.94 USD Million  
Armenia recorded a Current Account deficit of 335.94 USD Million in the fourth quarter of 2013. Current Account in Armenia is reported by the Central Bank of Armenia.
Armenia GDP Current Prices at 1357702.60 AMD Million  
GDP Constant Prices in Armenia increased to 1357702.60 AMD Million in the fourth quarter of 2013 from 1285899 AMD Million in the third quarter of 2013. GDP Constant Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Government Budget Value at 13.72 AMD Billion  
Armenia recorded a government budget surplus of 13.72 AMD Billion in 2013. Government Budget Value in Armenia is reported by the Economic Development and Research Center (Armenia).
Armenia Producer Prices at 99.60 Index Points  
Producer Prices in Armenia decreased to 99.60 Index Points in March of 2014 from 100.10 Index Points in February of 2014. Producer Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Unemployed Persons at 57.50 Thousand  
The number of unemployed persons in Armenia increased to 57.50 Thousand in February of 2014 from 55.90 Thousand in January of 2014. Unemployed Persons in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Social Security Rate For Employees at 8.00 Percent  
The Social Security Rate For Employees in Armenia stands at 8 percent. Social Security Rate For Employees in Armenia is reported by the Ministry of Labor and Social Affairs.
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