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

The Gross Domestic Product (GDP) in Armenia contracted 1 percent in the fourth quarter of 2017 over the same quarter of the previous year. 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% -2.6% -0.5%
2017-05-31 06:00 AM Q1 -1% 1.9%
2017-08-31 09:00 AM Q2 2.4%
2017-11-30 08:25 AM Q3 3.2%




Armenia GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate -1.00 -2.60 19.10 -19.70 percent [+]
GDP 10.53 11.61 11.66 1.20 USD Billion [+]
GDP Constant Prices 1518338.50 1127723.30 1539593.90 8413.00 AMD Million [+]
Gross Fixed Capital Formation 250157.70 175330.50 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 387568.20 114331.90 468383.90 50799.80 AMD Million [+]
GDP From Construction 118835.00 106474.40 196213.50 41960.80 AMD Million [+]
GDP From Manufacturing 135621.40 117942.50 137634.10 81803.40 AMD Million [+]
GDP From Mining 29061.20 26592.20 53716.10 20043.40 AMD Million [+]
GDP From Public Administration 61270.00 63294.30 63294.30 31259.30 AMD Million [+]
GDP From Services 24094.50 15919.80 24094.50 5295.50 AMD Million [+]
GDP From Transport 39114.40 28411.00 42965.70 24520.60 AMD Million [+]
GDP From Utilities 6131.30 5022.50 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1.00 -2.60 19.10 -19.70 1998 - 2017 percent Quarterly



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