Armenia AM: Military Expenditure: % of GDP

1992 - 2022 | Yearly | % | World Bank

Armenia AM: Military Expenditure: % of GDP data was reported at 4.317 % in 2022. This records a decrease from the previous number of 4.471 % for 2021. Armenia AM: Military Expenditure: % of GDP data is updated yearly, averaging 3.774 % from Dec 1992 (Median) to 2022, with 30 observations. The data reached an all-time high of 4.983 % in 2020 and a record low of 2.203 % in 1992. Armenia AM: Military Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Armenia – Table AM.World Bank.WDI: Defense and Official Development Assistance. Military expenditures data from SIPRI are derived from the NATO definition, which includes all current and capital expenditures on the armed forces, including peacekeeping forces; defense ministries and other government agencies engaged in defense projects; paramilitary forces, if these are judged to be trained and equipped for military operations; and military space activities. Such expenditures include military and civil personnel, including retirement pensions of military personnel and social services for personnel; operation and maintenance; procurement; military research and development; and military aid (in the military expenditures of the donor country). Excluded are civil defense and current expenditures for previous military activities, such as for veterans' benefits, demobilization, conversion, and destruction of weapons. This definition cannot be applied for all countries, however, since that would require much more detailed information than is available about what is included in military budgets and off-budget military expenditure items. (For example, military budgets might or might not cover civil defense, reserves and auxiliary forces, police and paramilitary forces, dual-purpose forces such as military and civilian police, military grants in kind, pensions for military personnel, and social security contributions paid by one part of government to another.);Stockholm International Peace Research Institute (SIPRI), Yearbook: Armaments, Disarmament and International Security.;Weighted average;Data for some countries are based on partial or uncertain data or rough estimates.

View Armenia's Armenia AM: Military Expenditure: % of GDP from 1992 to 2022 in the chart:

Armenia Armenia AM: Military Expenditure: % of GDP

What was Armenia's Armenia AM: Military Expenditure: % of GDP in 2022?

Last Previous Min Max Unit Frequency Range
4.317 2022 4.471 2021 2.203 1992 4.983 2020 % yearly 1992 - 2022

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Armenia Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 26,849.701 2028 yearly 1992 - 2028
Forecast: Nominal GDP Per Capita (USD) 8,879.050 2027 yearly 1992 - 2027
Forecast: Real GDP Growth (%) 4.500 2028 yearly 1993 - 2028
GDP Deflator Growth (%) 9.1 Dec 2022 quarterly Mar 2001 - Dec 2022
GDP per Capita (USD) 6,572.248 2022 yearly 1994 - 2022
Gross Fixed Capital Formation (USD mn) 1,128.055 Jun 2024 quarterly Dec 1994 - Jun 2024
Gross National Product (GNP) (USD mn) 23,567.103 2023 yearly 1990 - 2023
Gross Savings Rate (%) 15.6 Jun 2024 quarterly Dec 1994 - Jun 2024
Investment: % of GDP (%) 22.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Nominal GDP (USD mn) 4,555.0 Mar 2023 quarterly Dec 1994 - Mar 2023
Nominal GDP Growth (%) 7.035 Jun 2024 quarterly Dec 1995 - Jun 2024
Private Consumption Expenditure (USD mn) 4,336.449 Jun 2024 quarterly Dec 1994 - Jun 2024
Private Consumption: % of GDP (%) 73.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Public Consumption Expenditure (USD mn) 632.669 Jun 2024 quarterly Dec 1994 - Jun 2024
Public Consumption: % of GDP (%) 10.7 Jun 2024 quarterly Dec 1994 - Jun 2024
Real GDP Growth (%) 12.1 Mar 2023 quarterly Mar 2001 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 175.931 Jun 2024 quarterly Dec 1994 - Jun 2024
Production Last Frequency Range
Gold Production (kg) 4,000.000 2022 yearly 1992 - 2022
Industrial Production Index Growth (%) 2.2 Jul 2024 monthly Jan 2008 - Jul 2024
Minerals Production (Metric Ton) 282,677.000 2022 yearly 2009 - 2022
Silver Production (Metric Ton) 22.200 2021 yearly 1995 - 2021
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 Jun 2024 quarterly Dec 2002 - Jun 2024
Forecast: Government Expenditure (AMD bn) 4,073.820 2028 yearly 2005 - 2028
Forecast: Government Net Debt (AMD bn) 8,360.453 2029 yearly 1996 - 2029
Forecast: Government Revenue (AMD bn) 4,113.925 2029 yearly 1993 - 2029
Government Debt: % of GDP (%) 48.5 Jun 2024 quarterly Dec 2013 - Jun 2024
National Government Debt (USD mn) 12,157.2 Jun 2024 quarterly Mar 2002 - Jun 2024
Consolidated Fiscal Balance (USD mn) -177.833 Jul 2024 monthly Jan 2008 - Jul 2024
Tax Revenue: % of GDP (%) 25.1 Mar 2023 quarterly Mar 2008 - Mar 2023
Tax Revenue (USD mn) 456.874 Jul 2024 monthly Jan 2008 - Jul 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 1,206,000.000 Jul 2024 monthly Jan 2009 - Jul 2024
Forecast: Population (Person mn) 2.964 2028 yearly 1992 - 2028
Forecast: Unemployment Rate (%) 14.000 2029 yearly 2001 - 2029
Labour Force Participation Rate (%) 57.7 Mar 2024 quarterly Mar 2008 - Mar 2024
Labour Productivity Growth (%) 7.87 Mar 2024 quarterly Mar 2009 - Mar 2024
Monthly Earnings (USD) 692 Jun 2023 monthly Jan 2002 - Jun 2023
Population (Person mn) 3.0 2023 yearly 1989 - 2023
Unemployment Rate (%) 15.50 Mar 2024 quarterly Mar 2008 - Mar 2024
Domestic Trade and Household Survey Last Frequency Range
Consumer Confidence Growth (% Point) 3.0 Jun 2016 quarterly Sep 2006 - Jun 2016
Consumer Confidence: Net Balance (% Point) -14.8 Jun 2016 quarterly Sep 2005 - Jun 2016
Household Expenditure per Capita (USD) 1,190.878 2021 yearly 1996 - 2021
Household Income per Capita (USD) 1,811.552 2021 yearly 1996 - 2021
Motor Vehicle Sales: Commercial Cars (Unit) 240.000 2019 yearly 2005 - 2019
Motor Vehicle Sales: Passenger Cars (Unit) 970.000 2019 yearly 2005 - 2019
Motor Vehicles Sales (Unit) 1,210 2019 yearly 2005 - 2019
Motor Vehicles Sales Growth (%) -32.8 2019 yearly 2006 - 2019
Retail Sales Growth (%) 8.6 Jul 2024 monthly Jan 2001 - Jul 2024

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