Armenia GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

The Armenian economy shrank 1 percent year-on-year in the fourth quarter of 2016, following downwardly revised 0.1 percent contraction in the previous period. It was the second contraction since the third quarter of 2010, mainly boosted by drop in agriculture (-6 percent vs -6 percent in Q3); construction (-16.6 percent vs -3.9 percent); public administration (-20.2 percent vs -1.0 percent); electricity, gas, steam and air conditioning supply (-0.29 percent vs -2.1 percent); and education (-3.0 percent vs -5.1 percent). In contrast, retail and wholesale trade increased 0.2 percent (-3.6 percent in Q3), real estate activities went up 19.2 percent (10.2 percent in Q3) , and manufacturing rose by 3.2 percent (from -1.1 percent in Q3). GDP Annual Growth Rate in Armenia averaged 7.27 percent from 1998 until 2017, 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 GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-31 09:00 AM Q2 1.5% 4.5% 4.1%
2016-11-30 08:25 AM Q3 -2.6% 1.6% 0.7%
2017-02-28 09:10 AM Q4 -1% -0.1% -0.5%
2017-05-31 08:00 AM Q1 -1% 5.7%
2017-08-31 09:00 AM Q2 3.4%
2017-11-30 08:25 AM Q3 3.2%




Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.00 -0.10 19.10 -19.70 percent [+]
GDP 10.53 11.61 11.66 1.20 USD Billion [+]
GDP Constant Prices 1514706.80 1518338.50 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 367242.00 250157.70 453361.70 95230.00 AMD Million [+]
GDP per capita 3796.50 3700.10 3796.50 884.30 USD [+]
GDP per capita PPP 7907.00 7706.10 7907.00 1841.70 USD [+]
GDP From Agriculture 263839.10 387568.20 468383.90 50799.80 AMD Million [+]
GDP From Construction 152661.90 118835.00 196213.50 41960.80 AMD Million [+]
GDP From Manufacturing 135858.20 135621.40 137634.10 81803.40 AMD Million [+]
GDP From Mining 39377.50 29061.20 53716.10 20043.40 AMD Million [+]
GDP From Public Administration 74164.50 61270.00 74164.50 31259.30 AMD Million [+]
GDP From Services 19591.40 24094.50 24094.50 5295.50 AMD Million [+]
GDP From Transport 36693.40 39114.40 42965.70 24520.60 AMD Million [+]
GDP From Utilities 5671.60 6131.30 6480.80 2947.80 AMD Million [+]


Armenia GDP Annual Growth Rate Notes

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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -0.10 19.10 -19.70 1998 - 2017 percent Quarterly



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