Armenia
Capital: YerevanRegion: Europe & Central AsiaIncome: Upper middle income
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. Explore Armenia's full economic profile with 440+ indicators, interactive charts, and historical data below.
Source: IMF World Economic Outlook
Economy
Fiscal & Monetary
| Indicator | Value | Year |
|---|---|---|
| Inflation, Consumer Prices (%) | 2.8% | 2026 |
| Govt Gross Debt (% of GDP) | 54.1% | 2026 |
| Fiscal Balance (% of GDP) | -4.5% | 2026 |
| Current Account Balance (% of GDP) | -4.7% | 2026 |
| Unemployment Rate (%) | 13.3% | 2026 |
| Inflation, CPI (%, World Bank) | 0.3% | 2024 |
| Real Interest Rate (%) | 11.6% | 2024 |
| Lending Interest Rate (%) | 13.1% | 2024 |
| Deposit Interest Rate (%) | 8.1% | 2024 |
| Government Debt (% of GDP) | 47.9% | 2024 |
| Government Revenue (% of GDP) | 24.1% | 2024 |
| Government Expenditure (% of GDP) | 20.9% | 2023 |
| Tax Revenue (% of GDP) | 22.4% | 2024 |
| Taxes on Goods & Services (% of revenue) | 48.2% | 2024 |
| Taxes on International Trade (% of revenue) | 3.1% | 2024 |
| Taxes on Income, Profits & Capital Gains (% of rev) | 39.6% | 2024 |
| Net Investment in Nonfinancial Assets (% of GDP) | 5.3% | 2024 |
| Total Reserves incl. Gold (USD) | $3.69B | 2024 |
| Total Reserves (months of imports) | 2.1 | 2024 |
| Official Exchange Rate (per USD) | 392.73 | 2024 |
| PPP Conversion Factor | 147.23 | 2024 |
| Broad Money (% of GDP) | 57.8% | 2024 |
Trade
| Indicator | Value | Year |
|---|---|---|
| Trade (% of GDP) | 150.1% | 2024 |
| Exports of Goods & Services (% of GDP) | 73.6% | 2024 |
| Imports of Goods & Services (% of GDP) | 76.4% | 2024 |
| Exports of Goods & Services (USD) | $19.11B | 2024 |
| Imports of Goods & Services (USD) | $19.84B | 2024 |
| Merchandise Exports (USD) | $13.09B | 2024 |
| Merchandise Imports (USD) | $17.07B | 2024 |
| FDI Inflows (% of GDP) | 0.5% | 2024 |
| FDI Outflows (% of GDP) | 0.2% | 2024 |
| FDI Net Inflows (USD) | $131.6M | 2024 |
| Personal Remittances Received (USD) | $1.28B | 2024 |
| Personal Remittances Received (% of GDP) | 4.9% | 2024 |
| High-Tech Exports (% of manufactured) | 23.6% | 2024 |
| Current Account Balance (% of GDP) | -4.6% | 2024 |
| Current Account Balance (USD) | $-1.19B | 2024 |
External Debt
| Indicator | Value | Year |
|---|---|---|
| External Debt (% of GNI) | 66.0% | 2024 |
| External Debt Stocks (USD) | $16.40B | 2024 |
| Total Debt Service (% of GNI) | 7.3% | 2024 |
| Present Value of External Debt (USD) | $5.40B | 2024 |
| Use of IMF Credit (USD) | $483.2M | 2024 |
| Net ODA Received (% of GNI) | 0.9% | 2023 |
| Net ODA Received (USD) | $205.1M | 2023 |
Finance
| Indicator | Value | Year |
|---|---|---|
| Domestic Credit by Financial Sector (% of GDP) | 78.8% | 2024 |
| Domestic Credit to Private Sector (% of GDP) | 64.4% | 2024 |
| Stock Market Capitalization (% of GDP) | 18.7% | 2024 |
| Stock Market Capitalization (USD) | $4.85B | 2024 |
| Stock Market Turnover (% of GDP) | 0.0% | 2024 |
| Listed Domestic Companies | 12 | 2024 |
| Bank Capital to Assets Ratio (%) | 13.7% | 2022 |
| Bank Nonperforming Loans (%) | 2.4% | 2022 |
| Account Ownership at Financial Institution (%) | 71.4% | 2024 |
| Account Ownership, Female (%) | 68.0% | 2024 |
| Account Ownership, Male (%) | 75.6% | 2024 |
| Firms Using Banks to Finance Investment (%) | 45.2% | 2024 |
Business Environment
| Indicator | Value | Year |
|---|---|---|
| Time to Get Electricity (days) | 96 | 2024 |
Private Sector
| Indicator | Value | Year |
|---|---|---|
| Firms Expected to Pay Bribes (%) | 1.7% | 2024 |
| Firms with Female Top Manager (%) | 27.9% | 2024 |
| Firms with Female Participation in Ownership (%) | 28.2% | 2024 |
| Firms Offering Training (%) | 16.0% | 2024 |
| Average Firm Age (years) | 19 years | 2024 |
| Firms Using Computers (%) | 34.4% | 2024 |
People
| Indicator | Value | Year |
|---|---|---|
| Population | 3.0M | 2024 |
| Population Growth (%) | 2.3% | 2024 |
| Population Density (per km²) | 105 | 2023 |
| Surface Area (sq km) | 29,740 | 2023 |
| Land Area (sq km) | 28,199 | 2023 |
| Urban Population (%) | 65.8% | 2024 |
| Urban Population (total) | 2.0M | 2024 |
| Rural Population (%) | 34.2% | 2024 |
| Life Expectancy at Birth | 77.5 years | 2023 |
| Life Expectancy, Male | 74.1 years | 2023 |
| Life Expectancy, Female | 81.0 years | 2023 |
| Fertility Rate (births per woman) | 1.9 | 2023 |
| Birth Rate (per 1,000) | 12.3 | 2023 |
| Death Rate (per 1,000) | 8.2 | 2023 |
| Net Migration | -29,013 | 2025 |
| Population Ages 0–14 (%) | 19.2% | 2024 |
| Population Ages 15–64 (%) | 67.1% | 2024 |
| Population Ages 65+ (%) | 13.7% | 2024 |
| Age Dependency Ratio (%) | 49.1% | 2024 |
| Old-Age Dependency Ratio (%) | 20.4% | 2024 |
| Youth Dependency Ratio (%) | 28.7% | 2024 |
| Mortality Rate, Adult Male (per 1,000) | 182.8 | 2023 |
| Mortality Rate, Adult Female (per 1,000) | 56.4 | 2023 |
Labor
| Indicator | Value | Year |
|---|---|---|
| Total Labor Force | 1.4M | 2025 |
| Labor Force Participation (%) | 59.4% | 2025 |
| Female Labor Force Participation (%) | 51.1% | 2025 |
| Male Labor Force Participation (%) | 69.5% | 2025 |
| Unemployment (%) | 12.9% | 2025 |
| Female Unemployment (%) | 13.8% | 2025 |
| Male Unemployment (%) | 12.1% | 2025 |
| Youth Unemployment (%) | 26.2% | 2025 |
| Employment in Agriculture (%) | 27.0% | 2025 |
| Employment in Industry (%) | 21.3% | 2025 |
| Employment in Services (%) | 51.7% | 2025 |
| Self-Employed (%) | 65.3% | 2023 |
| Vulnerable Employment (%) | 32.8% | 2025 |
| Wage & Salaried Workers (% of total) | 66.3% | 2025 |
| Employers (% of total employment) | 0.8% | 2025 |
| Labor Force, Female (% of total) | 47.2% | 2025 |
| Employment to Population Ratio (%) | 51.7% | 2025 |
| Self-Employed (% of total) | 33.7% | 2025 |
| NEET Youth (% not in education/employment) | 20.2% | 2023 |
Education
| Indicator | Value | Year |
|---|---|---|
| Education Spending (% of GDP) | 2.4% | 2023 |
| Education Spending (% of govt expenditure) | 8.7% | 2025 |
| Adult Literacy Rate (%) | 99.8% | 2023 |
| Female Literacy Rate (%) | 99.9% | 2023 |
| Male Literacy Rate (%) | 99.8% | 2023 |
| Youth Literacy Rate (%) | 99.9% | 2023 |
| Primary School Enrollment (%) | 102.0% | 2024 |
| Secondary School Enrollment (%) | 90.9% | 2024 |
| Tertiary School Enrollment (%) | 52.8% | 2024 |
| Primary Completion Rate (%) | 98.2% | 2024 |
| Lower Secondary Completion Rate (%) | 97.9% | 2024 |
| Out-of-School Children, Primary | 1,710 | 2024 |
| Out-of-School Girls, Primary | 3,891 | 2023 |
| Primary School Teachers | 7,540 | 2024 |
| Secondary School Teachers | 22,576 | 2024 |
| Pupil-Teacher Ratio, Primary | 15 | 2018 |
| Pupil-Teacher Ratio, Secondary | 8 | 2018 |
| Expenditure per Student, Primary (% of GDP/cap) | 19.4% | 2017 |
| Pupil-Teacher Ratio (Primary) | 98.5 | 2022 |
| Education Spending, Secondary (% of govt) | 46.9% | 2017 |
| Education Spending, Tertiary (% of govt) | 13.0% | 2017 |
Health
Energy & Environment
| Indicator | Value | Year |
|---|---|---|
| CO₂ Emissions (tonnes per capita) | 2.5 | 2024 |
| CO₂ Emissions (total kilotonnes) | 7 | 2024 |
| Energy Use (kg oil eq. per capita) | 1,348 | 2022 |
| Electric Power Consumption (kWh per capita) | 2,404 | 2022 |
| Renewable Electricity Output (%) | 30.0% | 2021 |
| Renewable Energy Consumption (%) | 9.1% | 2021 |
| Access to Electricity (%) | 100.0% | 2023 |
| Access to Clean Fuels for Cooking (%) | 98.8% | 2023 |
| PM2.5 Air Pollution (µg/m³) | 30.6 | 2020 |
| Forest Area (%) | 11.6% | 2023 |
| Forest Area (sq km) | 3,276 | 2023 |
| Arable Land (%) | 15.7% | 2023 |
| Terrestrial Protected Areas (%) | 38.9% | 2024 |
| Access to Basic Drinking Water (%) | 99.9% | 2024 |
| Access to Basic Sanitation (%) | 93.7% | 2024 |
Agriculture
| Indicator | Value | Year |
|---|---|---|
| Agricultural Land (%) | 58.6% | 2023 |
| Cereal Yield (kg per hectare) | 2,369 | 2023 |
| Food Production Index (2014–2016=100) | 83.9 | 2022 |
| Crop Production Index (2014–2016=100) | 73.7 | 2022 |
| Livestock Production Index (2014–2016=100) | 100 | 2022 |
| Land Under Cereal Production (hectares) | 121,528 | 2023 |
| Total Fisheries Production (metric tonnes) | 1,100 | 2023 |
| Fertilizer Consumption (kg per hectare) | 40.2 | 2023 |
| Prevalence of Undernourishment (%) | 2.5% | 2023 |
| Agricultural Irrigated Land (%) | 9.5% | 2023 |
| Annual Freshwater Withdrawals (% of internal) | 44.8% | 2022 |
| Cereal Production (metric tons) | 287,929 | 2023 |
Technology
| Indicator | Value | Year |
|---|---|---|
| Internet Users (%) | 80.0% | 2023 |
| Mobile Subscriptions (per 100 people) | 135 | 2023 |
| Fixed Broadband Subscriptions (per 100) | 18.5 | 2023 |
| Secure Internet Servers (per million) | 1,735.3 | 2024 |
| R&D Spending (% of GDP) | 0.18% | 2023 |
| Patent Applications, Residents | 40 | 2021 |
| Patent Applications, Non-Residents | 8 | 2021 |
| Scientific Journal Articles | 655 | 2022 |
| High-Technology Exports (USD) | $892.6M | 2024 |
| ICT Service Exports (% of service exports) | 20.2% | 2024 |
| ICT Service Exports (USD) | $1.18B | 2024 |
| Industrial Design Applications, Resident | 78 | 2021 |
| Researchers in R&D (per million) | 1,040 | 2023 |
Infrastructure
| Indicator | Value | Year |
|---|---|---|
| Air Transport, Passengers Carried | 1.3M | 2023 |
| Air Transport, Freight (million ton-km) | 15.7 | 2023 |
| Rail Lines (total km) | 698 | 2021 |
| Railways, Passengers (million km) | 55 | 2017 |
| Railways, Goods (million ton-km) | 840 | 2020 |
| Logistics Performance Index (1–5) | 2.50 | 2022 |
| Electricity from Oil (%) | 0.0% | 2021 |
| Electricity from Nuclear (%) | 31.0% | 2022 |
Gender
| Indicator | Value | Year |
|---|---|---|
| Women in Parliament (%) | 36.4% | 2024 |
| Female Labor Force Participation, 15+ (%) | 56.8% | 2023 |
| Female Wage & Salaried Workers (%) | 65.6% | 2025 |
| Girls Out-of-School Rate (%) | 92.5% | 2018 |
| Adolescent Fertility Rate (per 1,000) | 13.4 | 2023 |
| Gender Parity Index, Primary | 91.89 | 2018 |
| Gender Parity Index, Secondary | 1.03 | 2021 |
| Gender Parity in Primary Education | 1.01 | 2021 |
Governance
| Indicator | Value | Year |
|---|---|---|
| Control of Corruption | 0.06 | 2023 |
| Government Effectiveness | -0.18 | 2023 |
| Political Stability | -0.83 | 2023 |
| Regulatory Quality | 0.05 | 2023 |
| Rule of Law | -0.12 | 2023 |
| Voice & Accountability | 0.08 | 2023 |
| Control of Corruption (percentile rank) | 57.1% | 2023 |
| Government Effectiveness (percentile rank) | 43.9% | 2023 |
| Rule of Law (percentile rank) | 49.1% | 2023 |
| Political Stability (percentile rank) | 17.1% | 2023 |
Military
| Indicator | Value | Year |
|---|---|---|
| Military Spending (% of GDP) | 5.5% | 2024 |
| Military Expenditure (USD) | $1.42B | 2024 |
| Armed Forces Personnel | 47,000 | 2020 |
| Armed Forces (% of labor force) | 3.2% | 2020 |
| Military Spending (% of govt expenditure) | 18.3% | 2024 |
| Intentional Homicides (per 100,000) | 2.2 | 2023 |
Poverty & Inequality
| Indicator | Value | Year |
|---|---|---|
| Poverty at $2.15/day (%) | 1.9% | 2023 |
| Poverty at $3.65/day (%) | 8.4% | 2023 |
| Poverty at $6.85/day (%) | 56.9% | 2023 |
| Poverty Headcount, National (%) | 23.7% | 2023 |
| Gini Index | 27.2 | 2023 |
| Income Share, Top 10% | 22.9% | 2023 |
| Income Share, Bottom 10% | 4.0% | 2023 |
| Income Share, Top 20% | 36.9% | 2023 |
| Income Share, Bottom 20% | 9.5% | 2023 |
| Shared Prosperity Premium (%) | -0.7% | 2023 |
| Survey Mean Consumption (2017 PPP $ per day) | 8.85 | 2023 |
| Poverty Gap at $2.15/day (%) | 0.3% | 2023 |
Social Protection
| Indicator | Value | Year |
|---|---|---|
| Social Insurance Coverage (%) | 60.2% | 2022 |
| Social Assistance Coverage (%) | 42.0% | 2022 |
| Social Protection Coverage (%) | 75.3% | 2022 |
| Human Capital Index (0–1) | 0.58 | 2020 |
| Human Capital Index, Female | 0.60 | 2020 |
| Human Capital Index, Male | 0.56 | 2020 |
| Learning-Adjusted Years of School | 8.0 years | 2020 |
Tourism
| Indicator | Value | Year |
|---|---|---|
| International Tourism, Arrivals | 375,000 | 2020 |
| International Tourism, Departures | 346,000 | 2020 |
| Tourism Receipts (USD) | $303.0M | 2020 |
| Tourism Expenditures (USD) | $330.0M | 2020 |
| Tourism Receipts (% of total exports) | 8.0% | 2020 |
| International Tourism, Transport Services (USD) | $10.0M | 2020 |
Urban Development
| Indicator | Value | Year |
|---|---|---|
| Urban Population Growth (%) | 2.5% | 2024 |
| Population in Largest City | 1.1M | 2025 |
| Population in Largest City (% of urban) | 55.4% | 2025 |
| Population in Agglomerations >1M (% of total) | 36.5% | 2025 |
| Population in Slums (% of urban) | 8.4% | 2022 |
| Rural Population Growth (%) | 2.0% | 2024 |
| Access to Safely Managed Drinking Water (%) | 82.1% | 2024 |
| Access to Safely Managed Sanitation (%) | 10.7% | 2024 |
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