Armenia Forecast: Real GDP Growth
1993 - 2028 | Yearly | % | International Monetary Fund
Key information about Armenia Forecast: Real GDP Growth
- Armenia Real GDP Growth is forecasted to be 5.500 % in Dec 2023 as reported by International Monetary Fund.
- It records no change from the last reported number of 12.604 % in Dec 2022.
- Looking ahead, Armenia Real GDP Growth is projected to stand at 4.500 % in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Armenia's Forecast: Real GDP Growth from 1993 to 2028 in the chart:
What is Armenia's Forecast: Real GDP Growth in 2028?
Armenia Real GDP Growth is forecasted to be 5.500 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.500 2028 | 4.500 2027 | -14.150 2009 | 14.807 2002 | % | yearly | 1993 - 2028 |
Forecast: Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 2.711 2023 | yearly | 2003 - 2023 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2028 | yearly | 2001 - 2028 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.100 2028 | yearly | 1987 - 2028 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 5.114 2029 | yearly | 1980 - 2029 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.643 2029 | yearly | 1980 - 2029 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.983 2029 | yearly | 1980 - 2029 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.519 2029 | yearly | 1980 - 2029 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.432 2029 | yearly | 1980 - 2029 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.800 2029 | yearly | 2001 - 2029 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 2.084 2030 | yearly | 1981 - 2030 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doArmenia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.1 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -68.388 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| Tax Revenue (USD mn) | 432.976 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| Tax Revenue: % of GDP (%) | 25.1 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| National Government Debt (USD mn) | 12,502.4 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Government Debt: % of GDP (%) | 48.9 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Forecast: Government Expenditure (AMD bn) | 4,374.501 2029 | yearly | 2005 - 2029 |
| Forecast: Government Net Debt (AMD bn) | 8,523.699 2029 | yearly | 1996 - 2029 |
| Forecast: Government Revenue (AMD bn) | 3,906.567 2029 | yearly | 1993 - 2029 |
| Consolidated Government Budget: Revenue and Grants (AMD mn) | 745,515.800 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Consolidated Government Budget: Balance (AMD mn) | 21,095.200 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| State Budget: Revenue: ytd: TP: TD: Tax: Excise Tax (AMD mn) | 82,510.700 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Expenditure: ytd: Current Expenses (CE) (AMD mn) | 1,462,872.800 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Expenditure: ytd (AMD mn) | 1,708,576.500 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Balance: ytd (AMD mn) | -84,573.500 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Revenue: ytd: TP: TD: Tax: VAT (AMD mn) | 457,770.100 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Revenue and Official Transfers: ytd (AMD mn) | 1,624,003.000 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: Deficit Financing: ytd (AMD mn) | 84,573.500 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: ytd: RT: Revenue: Tax, Government Duties & Compulsory Social Insur... (AMD mn) | 1,970,140.500 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: ytd: Expenditure: Transaction with Non Financial Assets: Non Finan... (AMD mn) | 255,980.000 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| State Budget: ytd: RT: Revenue (AMD mn) | 1,616,995.800 Aug 2024 | monthly | Jan 2008 - Aug 2024 |
| Central Government Debt: Short Term (AMD bn) | 127.076 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Central Government Debt: Mid Term (AMD bn) | 787.021 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Central Government Debt: Long Term (AMD bn) | 3,607.654 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Central Government Debt: Domestic (AMD bn) | 2,403.559 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: External (AMD bn) | 2,438.511 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt (AMD bn) | 4,842.070 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: % Nominal GDP (%) | 46.700 2022 | yearly | 1999 - 2022 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 5.009 2028 | yearly | 1996 - 2028 |
| Trade Balance (USD mn) | -373.8 Oct 2024 | monthly | Nov 1995 - Oct 2024 |
| Total Exports (USD mn) | 931.6 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Exports Growth (%) | 24.6 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Aluminum: Exports (USD th) | 104,497.100 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 18,917.932 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 16,026.864 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 1,305.4 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Imports Growth (%) | 9.2 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Imports: Medicament (USD th) | 168,753.777 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 60,930.346 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 4.688 Sep 2024 | monthly | Jun 1996 - Sep 2024 |
| Total Imports from USA (USD mn) | 20.073 Sep 2024 | monthly | Jan 1993 - Sep 2024 |
| Total Exports to China (USD mn) | 67.778 Sep 2024 | monthly | Dec 1998 - Sep 2024 |
| Total Imports from China (USD mn) | 140.255 Sep 2024 | monthly | Jun 1998 - Sep 2024 |
| Trade Balance: ytd (USD mn) | -3,130.800 Oct 2024 | monthly | Dec 1999 - Oct 2024 |
| Exports: Foodstuff (USD th) | 882,197.134 2022 | yearly | 1995 - 2022 |
| Exports: Transport Means (USD th) | 332,561.981 2022 | yearly | 1995 - 2022 |
| Exports: Machinery and Equipment (USD th) | 718,755.992 2022 | yearly | 1995 - 2022 |
| Exports: Iron and Steel (USD th) | 84,659.900 2017 | yearly | 1995 - 2017 |
| Exports: ow Bulgaria (USD mn) | 14.539 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: ow China (USD mn) | 67.778 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: ow Iran (USD mn) | 8.250 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: ow Russian Federation (USD mn) | 300.994 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Exports: ow United States (USD mn) | 4.688 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: Foodstuff (USD th) | 579,422.226 2022 | yearly | 1995 - 2022 |
| Imports: Chemicals and Related Products (USD th) | 588,239.623 2022 | yearly | 1995 - 2022 |
| Imports: Transport Means (USD th) | 957,936.871 2022 | yearly | 1995 - 2022 |
| Imports: Machinery and Equipment (USD th) | 1,728,318.860 2022 | yearly | 1995 - 2022 |
| Imports: Base Metals and Articles Thereof (USD th) | 291,969.058 2017 | yearly | 1995 - 2017 |
| Imports: Iron and Steel (USD th) | 81,128.500 2017 | yearly | 1995 - 2017 |
| Imports: ow Iran (USD mn) | 54.853 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: ow Russian Federation (USD mn) | 403.376 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Imports: ow United States (USD mn) | 20.073 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Export Value Index (2015=100) | 203.490 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 165.372 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.2 Sep 2024 | monthly | Jan 2005 - Sep 2024 |
| Household Debt: % of GDP (%) | 28.4 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Non-Performing Loans (USD mn) | 517.057 Sep 2024 | monthly | Dec 2008 - Sep 2024 |
| Money Supply M1 (USD mn) | 5,408.201 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Money Supply M2 (USD mn) | 9,497.423 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| M2 Growth (%) | 16.4 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Reserve Requirement Ratio (%) | 8.0 2023 | yearly | 2008 - 2023 |
| Foreign Exchange Reserves (USD mn) | 3,581.5 Oct 2024 | monthly | Dec 1993 - Oct 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.245 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.7 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Gold Reserves (USD mn) | 0.000 Oct 2024 | monthly | Dec 1992 - Oct 2024 |
| Total Deposits (USD mn) | 15,583.610 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Deposits Growth (%) | 9.1 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Domestic Credit (USD mn) | 18,611.6 Aug 2024 | monthly | Dec 1993 - Aug 2024 |
| Domestic Credit Growth (%) | 21.8 Aug 2024 | monthly | Dec 1994 - Aug 2024 |
| Household Debt (USD mn) | 7,427.9 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Loans (USD mn) | 15,477.787 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Total Loans Growth (%) | 21.34 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Private Debt: % of Nominal GDP (%) | 53.77 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Money Supply: M2X (AMD mn) | 5,469,875.977 Sep 2024 | monthly | Jan 2003 - Sep 2024 |
| Money Supply: sa: M2 (AMD mn) | 3,678,257.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Money Supply: M2X: M2 (AMD mn) | 3,772,525.235 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Money Supply: M2X: M2: M1 (AMD mn) | 2,124,869.993 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Money Supply: sa: M1 (AMD mn) | 2,094,542.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| Money Supply: M2X: M2: M1: Currency in Circulation (AMD mn) | 802,856.088 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Monetary Base: sa (AMD mn) | 1,835,741.000 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
| International Reserves: USD (USD mn) | 3,590.759 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| International Reserves: USD: Gold (USD mn) | 0.000 Oct 2024 | monthly | Sep 2003 - Oct 2024 |
| Commercial Banks Loans: Residents: Consumer (AMD mn) | 1,312,580.105 Oct 2024 | monthly | Dec 2004 - Oct 2024 |
| Commercial Banks Loans: Residents: Mortgage (AMD mn) | 1,315,608.213 Oct 2024 | monthly | Apr 2005 - Oct 2024 |
| Commercial Banks Credit (AMD mn) | 5,871,010.938 Sep 2024 | monthly | Jan 2000 - Sep 2024 |
| Commercial Banks Credit: Residents: Households (AMD mn) | 2,879,192.134 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
| Business Climate Indicator: sa: Industry (%) | 53.719 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
| Business Climate Indicator: sa: Construction (%) | 38.971 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
| Business Climate Indicator: sa: Trade (%) | 57.637 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
| Business Climate Indicator: sa: Services (%) | 51.136 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
| Business Climate Indicator: sa (%) | 51.023 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
More Indicators for Armenia
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National Accounts
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
SNA 1993: GDP: by Expenditure: 2005 Price: Seasonally Adjusted
SNA 1993: GDP: by Industry: 2005 Price: Seasonally Adjusted
SNA 1993: GDP Deflator
Contribution to GDP
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
SNA 1993: GDP: by Expenditure: 2005 Price
SNA 1993: GDP: by Expenditure: Real Index: 2005 Price: Previous Quarter=100
SNA 1993: GDP: by Industry: Real Index: 2005 Price: Previous Quarter=100
SNA 2008: GDP: by Expenditure: 2008 Price