Armenia Private Consumption: % of GDP

Key information about Armenia Private Consumption: % of GDP

• Armenia Private Consumption accounted for 68.1 % of its Nominal GDP in Sep 2024, compared with a ratio of 71.9 % in the previous quarter.
• Armenia Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Dec 1994 to Sep 2024, with an average share of 82.9 %.
• The data reached an all-time high of 143.0 % in Mar 1995 and a record low of 56.6 % in Dec 2023.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs Consumption. Statistical Committee of the Republic of Armenia provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to Q1 2013 is based on SNA 1993 and prior to Q1 2000 is sourced from the International Monetary Fund.


Related information about Armenia Private Consumption: % of GDP

• In the latest reports, Armenia GDP expanded 12.1 % YoY in Mar 2023.
• Its Nominal GDP reached 4.6 USD bn in Mar 2023.
• Armenia GDP Per Capita reached 6,572.2 USD in Dec 2022.
• Its Gross Savings Rate was measured at 20.6 % in Sep 2024.

View Armenia's Private Consumption: % of GDP from Dec 1994 to Sep 2024 in the chart:

What was Armenia's Private Consumption: % of GDP in Sep 2024?

Armenia Private Consumption accounted for 68.1 % of its Nominal GDP in Sep 2024, compared with a ratio of 71.9 % in the previous quarter. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
68.1 Sep 2024	71.9 Jun 2024	56.6 Dec 2023	143.0 Mar 1995	%	quarterly	Dec 1994 - Sep 2024

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