Nominal GDP
$29.24B
current US$ · calendar 2025
World Bank
🇦🇲
Economy Snapshot
Armenia Economy and Trade
YerevanLocal time
GDP $29.24B · real growth +7.2% · 2025
The latest comparable figures displayed for Armenia include $29.24B of nominal GDP in 2025 and +7.2% real growth in 2025. GDP per capita is $9,474 for 2025, and CPI inflation is +3.3% for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$9,474
current US$ · calendar 2025
World Bank
Real GDP growth
+7.2%
annual % · calendar 2025
World Bank
Inflation
+3.3%
CPI annual % · 2025
Source listed below
Armenia at a Glance
Key measures keep their own definitions and reference years so unlike concepts are not silently combined.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $10.55B2016: $10.55B2017: $11.53B2018: $12.46B2019: $13.62B2020: $12.64B2021: $13.88B2022: $19.51B2023: $24.19B2024: $25.96B2025: $29.24B
GDP per capita$9,474
Real growth+7.2%
Reference year2025
2025 Inflation
+3.3%
CPI annual %
2025 Unemployment
12.9%
labor-market measure
Calendar 2025 GDP per capita
$9,474
current US$
Economic structure, Government debt and Merchandise trade
Sector shares use their latest available World Bank year. They are not forced into a single year when the source does not support that.
Economic structure
Latest available value-added shares
Services · 202561.3%
Industry · 202422.9%
Agriculture · 20257.9%
Different reference years are shown explicitly. The shares are not added together as though they came from the same period.
Government debt
Comparable debt figure only when source check passes
Not showndebt
No comparable figure passed the page-level source check.
Merchandise trade
WTO / UN Comtrade · 2024 · USD
Exports$13.07Bmerchandise · 2024
Imports$16.80Bmerchandise · 2024
Balance-$3.73Bsame definition and year
Largest export destination in the WTO profile
United Arab Emirates40.2%
Merchandise trade is kept separate from broader goods-and-services measures.
Understand the numbers
What Armenia's economic profile is telling you
Armenia recorded real GDP growth of 7.2% in 2025, one of the strongest rates on this page. Nominal GDP reached about $29.24 billion, inflation was 3.3%, and modeled unemployment remained elevated at 12.9%.
The 2024 merchandise profile was unusually influenced by precious metals and re-export activity. The United Arab Emirates received 40.2% of exports, while merchandise imports exceeded exports.
The main economic signal
Fast output growth sits alongside a services-led economy and a trade pattern that should be read carefully because precious metals and re-export flows have a large effect on headline merchandise values.
Why the definitions matter
Nominal GDP, real growth, CPI inflation, unemployment, sector value added, government debt and merchandise trade measure different things. This page keeps their units, years and sources visible instead of blending them into one synthetic score.
Detailed Economic Data
The same values are provided in the data table below.
| Indicator | Armenia | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$, market prices | $29.24B | Calendar 2025 | Actual |
| GDP per capitacurrent US$ | $9,474 | Calendar 2025 | Actual |
| Real GDP growthannual % | +7.2% | Calendar 2025 | Actual |
| InflationCPI, annual % | +3.3% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 12.9% | 2025 | Estimate |
| Services value added% of GDP | 61.3% | 2025 | Latest available |
| Industry value addedincluding construction, % of GDP | 22.9% | 2024 | Latest available |
| Agriculture value addedforestry and fishing included, % of GDP | 7.9% | 2025 | Latest available |
| Merchandise exportsUSD | $13.07B | 2024 | Actual |
| Merchandise importsUSD | $16.80B | 2024 | Actual |
Frequently Asked Questions
What is Armenia's GDP?
Armenia's nominal GDP was about $29.24B in 2025 in current US dollars according to the World Bank.
Is Armenia's economy growing?
World Bank annual data show real GDP growth of +7.2% in 2025.
What is Armenia's inflation rate?
The latest World Bank annual CPI reading used here is +3.3% for 2025.
What does the trade balance show for Armenia?
Merchandise exports were $13.07B and imports were $16.80B in 2024, giving a same-definition balance of -$3.73B.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Primary comparable source for GDP, GDP per capita, real growth, inflation, modeled unemployment and sector value-added shares.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment · Services value added · Industry value added · Agriculture value added
Matched-year merchandise exports and imports from the WTO economy profile.
Official data: WTO country profile
Used only where a comparable government debt figure passed the country-level source check. Forecasts are labeled as forecasts.
Official data: IMF country information
Each metric keeps its own definition and reference period; unavailable comparable values remain unfilled.