Armenia
ARMEurope & Central AsiaUpper middle incomeCapital: YerevanEconomy
Fiscal
People
Health
Education
Trade
Energy / Env
Tech
Governance
Equality
Infra
Labor
77/80 indicators · percentile vs world (IMF / WB / WHO)underover
GDP
$31
2027▲ 8.2%
Population
3.0M
2024▲ 2.3%
GDP per Capita
$10,193
2027▲ 8.5%
Life Expectancy
77.5 years
2023▲ 3.6%
Armenia in world space2000–2023
192 countries · log scale on X world Armenia· trajectory line: 1980 → today
▶About Armenia
Armenia's GDP is $29.08B (2026), with a population of 3.0M, and GDP per capita of $9,393. Key indicators include real GDP growth of 4.9%, inflation at 2.8%, unemployment at 13.3%, government debt at 54.1% of GDP, life expectancy of 77.5 years. Data sourced from the IMF World Economic Outlook and World Bank World Development Indicators.
Located in Europe and Central Asia, this upper middle-income country has a GDP of $29.08 billion in 2026, ranking 118th globally. The economy exhibits a real GDP growth rate of 4.9% in 2026, with a GDP per capita of $9,000. The country's economic landscape is characterized by a high trade openness, with trade accounting for 150.1% of GDP in 2024, indicating a significant reliance on external commerce. Foreign direct investment inflows are relatively modest, at 0.5% of GDP in 2024. The inflation rate is stable at 2.8% in 2026, while the unemployment rate is projected to be 13.3% in the same year, showing a slight increase from 12.9% in 2025. The population stands at 3.0 million in 2024, with a life expectancy at birth of 77.5 years in 2023. The adult literacy rate is exceptionally high at 99.8% in 2023, reflecting a strong emphasis on education. Health spending constitutes 9.3% of GDP in 2023, underscoring investments in public health. The fertility rate is 1.9 births per woman in 2023, and
▶Economy30 indicators · 2021–2027 · IMF / WB
▶Fiscal & Monetary22 indicators · 2023–2027 · IMF / WB
▶Trade15 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Trade (% of GDP) | 150.1% | 2024 | ▲ 21.6% | WB |
| Exports of Goods & Services (% of GDP) | 73.6% | 2024 | ▲ 20.7% | WB |
| Imports of Goods & Services (% of GDP) | 76.4% | 2024 | ▲ 22.5% | WB |
| Exports of Goods & Services (USD) | $19.11B | 2024 | ▲ 29.5% | WB |
| Imports of Goods & Services (USD) | $19.84B | 2024 | ▲ 31.4% | WB |
| Merchandise Exports (USD) | $13.09B | 2024 | ▲ 53.1% | WB |
| Merchandise Imports (USD) | $17.07B | 2024 | ▲ 33.8% | WB |
| FDI Inflows (% of GDP) | 0.5% | 2024 | ▼ 78.9% | WB |
| FDI Outflows (% of GDP) | 0.2% | 2024 | ▼ 1.8% | WB |
| FDI Net Inflows (USD) | $131.6M | 2024 | ▼ 77.3% | WB |
| Personal Remittances Received (USD) | $1.28B | 2024 | ▼ 17.4% | WB |
| Personal Remittances Received (% of GDP) | 4.9% | 2024 | ▼ 23.0% | WB |
| High-Tech Exports (% of manufactured) | 23.6% | 2024 | ▲ 13.1% | WB |
| Current Account Balance (% of GDP) | -4.6% | 2024 | ▼ 66.1% | WB |
| Current Account Balance (USD) | $-1.19B | 2024 | ▼ 78.3% | WB |
▶External Debt7 indicators · 2023–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| External Debt (% of GNI) | 66.0% | 2024 | ▼ 2.4% | WB |
| External Debt Stocks (USD) | $16.40B | 2024 | ▲ 3.5% | WB |
| Total Debt Service (% of GNI) | 7.3% | 2024 | ▼ 38.3% | WB |
| Present Value of External Debt (USD) | $5.40B | 2024 | — | WB |
| Use of IMF Credit (USD) | $483.2M | 2024 | ▼ 27.8% | WB |
| Net ODA Received (% of GNI) | 0.9% | 2023 | ▼ 45.0% | WB |
| Net ODA Received (USD) | $205.1M | 2023 | ▼ 31.9% | WB |
▶Finance12 indicators · 2022–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 78.8% | 2024 | ▲ 15.0% | WB |
| Domestic Credit to Private Sector (% of GDP) | 64.4% | 2024 | ▲ 16.2% | WB |
| Stock Market Capitalization (% of GDP) | 18.7% | 2024 | ▲ 1513.5% | WB |
| Stock Market Capitalization (USD) | $4.85B | 2024 | ▲ 1631.5% | WB |
| Stock Market Turnover (% of GDP) | 0.0% | 2024 | ▼ 71.5% | WB |
| Listed Domestic Companies | 12 | 2024 | ▲ 0.0% | WB |
| Bank Capital to Assets Ratio (%) | 13.7% | 2022 | ▲ 21.9% | WB |
| Bank Nonperforming Loans (%) | 2.4% | 2022 | ▲ 30.8% | WB |
| Account Ownership at Financial Institution (%) | 71.4% | 2024 | ▲ 29.0% | WB |
| Account Ownership, Female (%) | 68.0% | 2024 | ▲ 30.3% | WB |
| Account Ownership, Male (%) | 75.6% | 2024 | ▲ 27.3% | WB |
| Firms Using Banks to Finance Investment (%) | 45.2% | 2024 | — | WB |
▶Business Environment1 indicator · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Time to Get Electricity (days) | 96 | 2024 | ▲ 1375.9% | WB |
▶Private Sector6 indicators · 2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Firms Expected to Pay Bribes (%) | 1.7% | 2024 | — | WB |
| Firms with Female Top Manager (%) | 27.9% | 2024 | ▲ 1.8% | WB |
| Firms with Female Participation in Ownership (%) | 28.2% | 2024 | ▲ 47.7% | WB |
| Firms Offering Training (%) | 16.0% | 2024 | ▼ 41.9% | WB |
| Average Firm Age (years) | 19 years | 2024 | — | WB |
| Firms Using Computers (%) | 34.4% | 2024 | ▲ 19.2% | WB |
▶People23 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Population | 3.0M | 2024 | ▲ 2.3% | WB |
| Population Growth (%) | 2.3% | 2024 | ▲ 1497.2% | WB |
| Population Density (per km²) | 105 | 2023 | ▼ 0.2% | WB |
| Surface Area (sq km) | 29,740 | 2023 | ▲ 0.0% | WB |
| Land Area (sq km) | 28,199 | 2023 | ▲ 0.0% | WB |
| Urban Population (%) | 65.8% | 2024 | ▲ 0.2% | WB |
| Urban Population (total) | 2.0M | 2024 | ▲ 2.5% | WB |
| Rural Population (%) | 34.2% | 2024 | ▼ 0.3% | WB |
| Life Expectancy at Birth | 77.5 years | 2023 | ▲ 3.6% | WB |
| Life Expectancy, Male | 74.1 years | 2023 | ▲ 3.8% | WB |
| Life Expectancy, Female | 81.0 years | 2023 | ▲ 3.4% | WB |
| Fertility Rate (births per woman) | 1.9 | 2023 | ▲ 11.8% | WB |
| Birth Rate (per 1,000) | 12.3 | 2023 | ▲ 0.0% | WB |
| Death Rate (per 1,000) | 8.2 | 2023 | ▼ 8.9% | WB |
| Net Migration | -29,013 | 2025 | ▲ 3.2% | WB |
| Population Ages 0–14 (%) | 19.2% | 2024 | ▼ 1.6% | WB |
| Population Ages 15–64 (%) | 67.1% | 2024 | ▼ 0.3% | WB |
| Population Ages 65+ (%) | 13.7% | 2024 | ▲ 3.7% | WB |
| Age Dependency Ratio (%) | 49.1% | 2024 | ▲ 0.8% | WB |
| Old-Age Dependency Ratio (%) | 20.4% | 2024 | ▲ 4.0% | WB |
| Youth Dependency Ratio (%) | 28.7% | 2024 | ▼ 1.3% | WB |
| Mortality Rate, Adult Male (per 1,000) | 182.8 | 2023 | ▼ 9.5% | WB |
| Mortality Rate, Adult Female (per 1,000) | 56.4 | 2023 | ▼ 10.3% | WB |
▶Labor19 indicators · 2023–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Total Labor Force | 1.4M | 2025 | ▼ 1.2% | WB |
| Labor Force Participation (%) | 59.4% | 2025 | ▼ 0.9% | WB |
| Female Labor Force Participation (%) | 51.1% | 2025 | ▼ 1.0% | WB |
| Male Labor Force Participation (%) | 69.5% | 2025 | ▼ 0.8% | WB |
| Unemployment (%) | 12.9% | 2025 | ▲ 3.8% | WB |
| Female Unemployment (%) | 13.8% | 2025 | ▲ 4.6% | WB |
| Male Unemployment (%) | 12.1% | 2025 | ▲ 2.9% | WB |
| Youth Unemployment (%) | 26.2% | 2025 | ▼ 1.6% | WB |
| Employment in Agriculture (%) | 27.0% | 2025 | ▼ 1.9% | WB |
| Employment in Industry (%) | 21.3% | 2025 | ▲ 1.9% | WB |
| Employment in Services (%) | 51.7% | 2025 | ▲ 0.2% | WB |
| Self-Employed (%) | 65.3% | 2023 | ▲ 3.2% | WB |
| Vulnerable Employment (%) | 32.8% | 2025 | ▼ 1.9% | WB |
| Wage & Salaried Workers (% of total) | 66.3% | 2025 | ▲ 1.0% | WB |
| Employers (% of total employment) | 0.8% | 2025 | ▼ 2.0% | WB |
| Labor Force, Female (% of total) | 47.2% | 2025 | ▼ 0.1% | WB |
| Employment to Population Ratio (%) | 51.7% | 2025 | ▼ 1.4% | WB |
| Self-Employed (% of total) | 33.7% | 2025 | ▼ 1.9% | WB |
| NEET Youth (% not in education/employment) | 20.2% | 2023 | ▼ 17.8% | WB |
▶Education21 indicators · 2017–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Education Spending (% of GDP) | 2.4% | 2023 | ▼ 2.1% | WB |
| Education Spending (% of govt expenditure) | 8.7% | 2025 | ▼ 7.8% | WB |
| Adult Literacy Rate (%) | 99.8% | 2023 | ▲ 0.0% | WB |
| Female Literacy Rate (%) | 99.9% | 2023 | ▲ 0.0% | WB |
| Male Literacy Rate (%) | 99.8% | 2023 | ▲ 0.0% | WB |
| Youth Literacy Rate (%) | 99.9% | 2023 | ▲ 0.1% | WB |
| Primary School Enrollment (%) | 102.0% | 2024 | ▲ 4.0% | WB |
| Secondary School Enrollment (%) | 90.9% | 2024 | ▲ 1.7% | WB |
| Tertiary School Enrollment (%) | 52.8% | 2024 | ▼ 6.2% | WB |
| Primary Completion Rate (%) | 98.2% | 2024 | ▲ 4.1% | WB |
| Lower Secondary Completion Rate (%) | 97.9% | 2024 | ▲ 6.8% | WB |
| Out-of-School Children, Primary | 1,710 | 2024 | ▼ 69.4% | WB |
| Out-of-School Girls, Primary | 3,891 | 2023 | ▼ 28.9% | WB |
| Primary School Teachers | 7,540 | 2024 | ▼ 4.0% | WB |
| Secondary School Teachers | 22,576 | 2024 | ▼ 4.7% | WB |
| Pupil-Teacher Ratio, Primary | 15 | 2018 | — | WB |
| Pupil-Teacher Ratio, Secondary | 8 | 2018 | — | WB |
| Expenditure per Student, Primary (% of GDP/cap) | 19.4% | 2017 | — | WB |
| Pupil-Teacher Ratio (Primary) | 98.5 | 2022 | ▲ 1.0% | WB |
| Education Spending, Secondary (% of govt) | 46.9% | 2017 | — | WB |
| Education Spending, Tertiary (% of govt) | 13.0% | 2017 | — | WB |
▶Health40 indicators · 2016–2024 · WHO
▶Energy & Environment15 indicators · 2020–2024 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| CO₂ Emissions (tonnes per capita) | 2.5 | 2024 | ▼ 2.3% | WB |
| CO₂ Emissions (total kilotonnes) | 7 | 2024 | ▼ 0.1% | WB |
| Energy Use (kg oil eq. per capita) | 1,348 | 2022 | ▲ 6.0% | WB |
| Electric Power Consumption (kWh per capita) | 2,404 | 2022 | ▲ 6.3% | WB |
| Renewable Electricity Output (%) | 30.0% | 2021 | — | WB |
| Renewable Energy Consumption (%) | 9.1% | 2021 | ▲ 8.3% | WB |
| Access to Electricity (%) | 100.0% | 2023 | ▲ 0.0% | WB |
| Access to Clean Fuels for Cooking (%) | 98.8% | 2023 | ▲ 0.1% | WB |
| PM2.5 Air Pollution (µg/m³) | 30.6 | 2020 | — | WB |
| Forest Area (%) | 11.6% | 2023 | ▼ 0.1% | WB |
| Forest Area (sq km) | 3,276 | 2023 | ▼ 0.1% | WB |
| Arable Land (%) | 15.7% | 2023 | ▼ 0.3% | WB |
| Terrestrial Protected Areas (%) | 38.9% | 2024 | ▲ 57.5% | WB |
| Access to Basic Drinking Water (%) | 99.9% | 2024 | ▲ 0.0% | WHO |
| Access to Basic Sanitation (%) | 93.7% | 2024 | ▲ 0.1% | WHO |
▶Agriculture12 indicators · 2022–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Agricultural Land (%) | 58.6% | 2023 | ▼ 0.0% | WB |
| Cereal Yield (kg per hectare) | 2,369 | 2023 | ▲ 8.4% | WB |
| Food Production Index (2014–2016=100) | 83.9 | 2022 | ▼ 1.1% | WB |
| Crop Production Index (2014–2016=100) | 73.7 | 2022 | ▲ 2.4% | WB |
| Livestock Production Index (2014–2016=100) | 100 | 2022 | ▼ 5.0% | WB |
| Land Under Cereal Production (hectares) | 121,528 | 2023 | ▲ 10.9% | WB |
| Total Fisheries Production (metric tonnes) | 1,100 | 2023 | ▲ 10.0% | WB |
| Fertilizer Consumption (kg per hectare) | 40.2 | 2023 | ▼ 5.3% | WB |
| Prevalence of Undernourishment (%) | 2.5% | 2023 | ▲ 0.0% | WB |
| Agricultural Irrigated Land (%) | 9.5% | 2023 | ▲ 0.2% | WB |
| Annual Freshwater Withdrawals (% of internal) | 44.8% | 2022 | ▲ 3.5% | WB |
| Cereal Production (metric tons) | 287,929 | 2023 | ▲ 20.2% | WB |
▶Technology13 indicators · 2021–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Internet Users (%) | 80.0% | 2023 | ▲ 3.9% | WB |
| Mobile Subscriptions (per 100 people) | 135 | 2023 | ▲ 3.0% | WB |
| Fixed Broadband Subscriptions (per 100) | 18.5 | 2023 | ▲ 4.6% | WB |
| Secure Internet Servers (per million) | 1,735.3 | 2024 | ▲ 47.4% | WB |
| R&D Spending (% of GDP) | 0.18% | 2023 | ▼ 13.6% | WB |
| Patent Applications, Residents | 40 | 2021 | ▼ 36.5% | WB |
| Patent Applications, Non-Residents | 8 | 2021 | ▲ 14.3% | WB |
| Scientific Journal Articles | 655 | 2022 | ▲ 13.7% | WB |
| High-Technology Exports (USD) | $892.6M | 2024 | ▲ 6.2% | WB |
| ICT Service Exports (% of service exports) | 20.2% | 2024 | ▲ 9.9% | WB |
| ICT Service Exports (USD) | $1.18B | 2024 | ▲ 9.9% | WB |
| Industrial Design Applications, Resident | 78 | 2021 | ▲ 160.0% | WB |
| Researchers in R&D (per million) | 1,040 | 2023 | ▼ 12.4% | WB |
▶Infrastructure8 indicators · 2017–2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Air Transport, Passengers Carried | 1.3M | 2023 | ▲ 388.4% | WB |
| Air Transport, Freight (million ton-km) | 15.7 | 2023 | ▲ 558.5% | WB |
| Rail Lines (total km) | 698 | 2021 | — | WB |
| Railways, Passengers (million km) | 55 | 2017 | — | WB |
| Railways, Goods (million ton-km) | 840 | 2020 | — | WB |
| Logistics Performance Index (1–5) | 2.50 | 2022 | — | WB |
| Electricity from Oil (%) | 0.0% | 2021 | — | WB |
| Electricity from Nuclear (%) | 31.0% | 2022 | ▲ 22.1% | WB |
▶Gender8 indicators · 2018–2025 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Women in Parliament (%) | 36.4% | 2024 | ▲ 2.6% | WB |
| Female Labor Force Participation, 15+ (%) | 56.8% | 2023 | ▲ 3.6% | WB |
| Female Wage & Salaried Workers (%) | 65.6% | 2025 | ▲ 1.1% | WB |
| Girls Out-of-School Rate (%) | 92.5% | 2018 | — | WB |
| Adolescent Fertility Rate (per 1,000) | 13.4 | 2023 | ▼ 0.3% | WB |
| Gender Parity Index, Primary | 91.89 | 2018 | — | WB |
| Gender Parity Index, Secondary | 1.03 | 2021 | — | WB |
| Gender Parity in Primary Education | 1.01 | 2021 | — | WB |
▶Governance10 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Control of Corruption | 0.06 | 2023 | ▲ 109.3% | WB |
| Government Effectiveness | -0.18 | 2023 | ▲ 41.5% | WB |
| Political Stability | -0.83 | 2023 | ▼ 12.0% | WB |
| Regulatory Quality | 0.05 | 2023 | ▲ 349.7% | WB |
| Rule of Law | -0.12 | 2023 | ▲ 28.0% | WB |
| Voice & Accountability | 0.08 | 2023 | ▼ 15.1% | WB |
| Control of Corruption (percentile rank) | 57.1% | 2023 | ▲ 1.7% | WB |
| Government Effectiveness (percentile rank) | 43.9% | 2023 | ▲ 10.7% | WB |
| Rule of Law (percentile rank) | 49.1% | 2023 | ▲ 6.1% | WB |
| Political Stability (percentile rank) | 17.1% | 2023 | ▼ 11.8% | WB |
▶Military6 indicators · 2020–2024 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Military Spending (% of GDP) | 5.5% | 2024 | ▼ 0.4% | WB |
| Military Expenditure (USD) | $1.42B | 2024 | ▲ 6.9% | WB |
| Armed Forces Personnel | 47,000 | 2020 | — | WB |
| Armed Forces (% of labor force) | 3.2% | 2020 | — | WB |
| Military Spending (% of govt expenditure) | 18.3% | 2024 | ▼ 10.2% | WB |
| Intentional Homicides (per 100,000) | 2.2 | 2023 | ▼ 19.5% | WB |
▶Poverty & Inequality12 indicators · 2023 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Poverty at $2.15/day (%) | 1.9% | 2023 | ▲ 0.0% | WB |
| Poverty at $3.65/day (%) | 8.4% | 2023 | ▼ 16.0% | WB |
| Poverty at $6.85/day (%) | 56.9% | 2023 | ▲ 2.2% | WB |
| Poverty Headcount, National (%) | 23.7% | 2023 | ▼ 4.4% | WB |
| Gini Index | 27.2 | 2023 | ▼ 2.5% | WB |
| Income Share, Top 10% | 22.9% | 2023 | ▼ 0.4% | WB |
| Income Share, Bottom 10% | 4.0% | 2023 | ▲ 2.6% | WB |
| Income Share, Top 20% | 36.9% | 2023 | ▼ 1.1% | WB |
| Income Share, Bottom 20% | 9.5% | 2023 | ▲ 3.3% | WB |
| Shared Prosperity Premium (%) | -0.7% | 2023 | — | WB |
| Survey Mean Consumption (2017 PPP $ per day) | 8.85 | 2023 | — | WB |
| Poverty Gap at $2.15/day (%) | 0.3% | 2023 | ▲ 0.0% | WB |
▶Social Protection7 indicators · 2020–2022 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Social Insurance Coverage (%) | 60.2% | 2022 | ▲ 17.2% | — |
| Social Assistance Coverage (%) | 42.0% | 2022 | ▲ 6.4% | — |
| Social Protection Coverage (%) | 75.3% | 2022 | ▲ 10.5% | — |
| Human Capital Index (0–1) | 0.58 | 2020 | — | WB |
| Human Capital Index, Female | 0.60 | 2020 | — | WB |
| Human Capital Index, Male | 0.56 | 2020 | — | WB |
| Learning-Adjusted Years of School | 8.0 years | 2020 | — | WB |
▶Tourism6 indicators · 2020 · WB
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| International Tourism, Arrivals | 375,000 | 2020 | — | WB |
| International Tourism, Departures | 346,000 | 2020 | — | WB |
| Tourism Receipts (USD) | $303.0M | 2020 | — | WB |
| Tourism Expenditures (USD) | $330.0M | 2020 | — | WB |
| Tourism Receipts (% of total exports) | 8.0% | 2020 | — | WB |
| International Tourism, Transport Services (USD) | $10.0M | 2020 | — | WB |
▶Urban Development8 indicators · 2022–2025 · WB / WHO
| Indicator | Value | Year | Δ YoY | Src |
|---|---|---|---|---|
| Urban Population Growth (%) | 2.5% | 2024 | ▲ 6461.2% | WB |
| Population in Largest City | 1.1M | 2025 | ▲ 0.2% | WB |
| Population in Largest City (% of urban) | 55.4% | 2025 | ▲ 0.7% | WB |
| Population in Agglomerations >1M (% of total) | 36.5% | 2025 | ▲ 0.9% | WB |
| Population in Slums (% of urban) | 8.4% | 2022 | — | WB |
| Rural Population Growth (%) | 2.0% | 2024 | ▲ 456.3% | WB |
| Access to Safely Managed Drinking Water (%) | 82.1% | 2024 | ▼ 0.2% | WHO |
| Access to Safely Managed Sanitation (%) | 10.7% | 2024 | ▼ 0.2% | WHO |
