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

The Armenian economy advanced 1.5 percent year-on-year in the second quarter of 2016, following an upwardly revised 4.5 percent expansion in the previous period. The main drivers of the slowdown were: agriculture (-1.3 percent from +3.8 percent in Q1); retail and wholesale trade (-5.9 percent from -1.9 percent); construction (-5.8 percent from -2.4 percent) and real estate activities (-5.7 percent from +0.6 percent). Meantime, manufacturing rebounded 5.6 percent (-1.8 percent in Q1) and arts, entertainment and recreation rose at a faster 48.2 percent (+30.1 percent in Q1). 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
1.50 4.50 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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
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 1.5% 4.5% 4.1%
2016-11-30 09:00 AM Q3 1.5% 1.3%

Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.50 4.50 19.10 -19.70 percent [+]
GDP 10.56 11.64 11.66 1.20 USD Billion [+]
GDP Constant Prices 1128072.60 898895.80 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 109870.10 453361.70 453361.70 95230.00 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 114331.90 52549.10 468383.90 50799.80 AMD Million [+]
GDP From Construction 106474.40 44899.10 196213.50 41960.80 AMD Million [+]
GDP From Manufacturing 117942.50 96673.00 137634.10 81803.40 AMD Million [+]
GDP From Mining 26592.20 25590.40 53716.10 20043.40 AMD Million [+]
GDP From Public Administration 63294.30 54183.50 63294.30 31259.30 AMD Million [+]
GDP From Services 15919.80 9372.80 19488.30 5295.50 AMD Million [+]
GDP From Transport 28411.00 32231.60 42965.70 24520.60 AMD Million [+]
GDP From Utilities 5022.50 4259.80 6480.80 2947.80 AMD Million [+]




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