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Economic indicators of Armenia : Growth

Main Indicators

Main Indicators 201920202021 (e)2022 (e)2023 (e)
GDP (billions USD) 13.62e12.64e13.6115.0616.16
GDP (Constant Prices, Annual % Change) 7.6e-7.4e6.54.54.4
GDP per Capita (USD) 4,597e4,267e4,5955,0835,453
General Government Gross Debt (in % of GDP) 50.08663.476e62.15060.05257.964
Inflation Rate (%) 1.41.2e7.27.66.0
Current Account (billions USD) -1.00-0.48e-0.39-0.60-0.80
Current Account (in % of GDP) -7.4-3.8e-2.9-4.0-4.9

Source: IMF – World Economic Outlook Database - Latest available data.

Note: (e) Estimated Data

 
Socio-Demographic Indicators 20212022 (e)2023 (e)
Unemployment Rate (%) 18.518.317.8

Source: IMF – World Economic Outlook Database - Latest available data.

 
 
Monetary Indicators 20162017201820192020
Armenian Dram (AMD) - Average Annual Exchange Rate For 1 EUR 511.16545.28569.87539.78558.54

Source: World Bank - Latest available data.

 
 

Main Sectors of Industry

Breakdown of Economic Activity By Sector Agriculture Industry Services
Employment By Sector (in % of Total Employment) 24.0 24.8 51.2
Value Added (in % of GDP) 11.7 26.4 53.3
Value Added (Annual % Change) -4.0 -2.2 -9.1

Source: World Bank - Latest available data.

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Latest Update: July 2022