Armenia Real GDP Growth

Key information about Armenia Real GDP Growth

• The Gross Domestic Product (GDP) in Armenia expanded 12.1 % YoY in Mar 2023, following a growth of 12.7 % in the previous quarter.
• Real GDP Growth YoY data in Armenia is updated quarterly, available from Mar 2001 to Mar 2023, with an average rate of 7.3 %.
• The data reached an all-time high of 19.1 % in Jun 2006 and a record low of -19.7 % in Sep 2009.

• In the latest reports, Nominal GDP of Armenia reached 4.6 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 7.3 % in Mar 2023.
• GDP Per Capita in Armenia reached 6,572.2 USD in Dec 2022.
• Its Gross Savings Rate was measured at 14.5 % in Mar 2023.
• For Nominal GDP contributions, Investment accounted for 16.1 % in Mar 2023.
• Public Consumption accounted for 10.6 % in Mar 2023.
• Private Consumption accounted for 74.9 % in Mar 2023.

View Armenia's Real GDP Growth from Mar 2001 to Mar 2023 in the chart:

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What was Armenia's Real GDP Growth in Mar 2023?

The Gross Domestic Product (GDP) in Armenia expanded 12.1 % YoY in Mar 2023, following a growth of 12.7 % in the previous quarter. See the table below for more data.

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