Economy

Armenia

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GDP per capita19902024
3482.4K4.45K6.5K8.56K19902024
Source: World Bank WDI
Private credit (% of GDP)20092020
24.936.748.560.472.220092020
Source: WB GFDD
IndicatorValue
GDP (nominal)26,000,000,000 US$World Bank WDI [2024]
GDP (PPP)69,200,000,000 US$World Bank WDI [2024]
GDP growth5.9 %World Bank WDI [2024]
GDP per capita8,560 US$World Bank WDI [2024]
Inflation (CPI)0.27 %World Bank WDI [2024]
Unemployment12.9 %World Bank WDI [2025]
Exports of goods & services19,100,000,000 US$World Bank WDI [2024]
Imports of goods & services19,800,000,000 US$World Bank WDI [2024]
Agriculture (% GDP)7.81 %World Bank WDI [2024]
Industry (% GDP)22.9 %World Bank WDI [2024]
Services (% GDP)62 %World Bank WDI [2024]
Industriesbrandy, mining, diamond processing, metal-cutting machine tools, forging and pressing machines, electric motors, knitted wear, hosiery, shoes, silk fabric, chemicals, trucks, instruments, microelectronics, jewelry, software, food processingCIA World Factbook [2025] · 2026 archive
Agricultural productsmilk, potatoes, grapes, vegetables, wheat, tomatoes, watermelons, apricots, apples, barley (2023); note: top ten agricultural products based on tonnageCIA World Factbook [2025] · 2026 archive
Export commoditiesgold, diamonds, copper ore, broadcasting equipment, jewelry (2023); note: top five export commodities based on value in dollarsCIA World Factbook [2025] · 2026 archive
Export partnersRussia 37%, UAE 25%, Hong Kong 7%, China 5%, Georgia 4% (2023); note: top five export partners based on percentage share of exportsCIA World Factbook [2025] · 2026 archive
Import partnersRussia 29%, China 12%, Vietnam 6%, Georgia 5%, Iran 4% (2023); note: top five import partners based on percentage share of importsCIA World Factbook [2025] · 2026 archive
Gini index27.4 indexWorld Bank WDI [2024]
GDP per capita (1913)No authoritative open source found
Leading mineral commoditycopper, mine (62,266 tonnes (metal content), 2023)BGS World Mineral Statistics [2023]
Wealth share of top 10%0.586 %World Inequality Database [2024]
Wealth share of top 1%0.246 %World Inequality Database [2024]
Gini (WID)1–27.4 indexWorld Inequality Database [2024] 1 index·World Bank WDI [2024] 27.4 index
Top export partners
  • United Arab Emirates (39.3%)
  • Russian Federation (23.5%)
  • China, Hong Kong SAR (13.4%)
  • China (8.2%)
  • Iraq (1.8%)
CEPII BACI [2024]
Top import partners
  • Russian Federation (53.2%)
  • China (9.6%)
  • Viet Nam (5.1%)
  • Iran (3.6%)
  • Germany (2.5%)
CEPII BACI [2024]
Top agricultural productsHen eggs in shell, fresh / Fruit Primary / Vegetables Primary / Milk, Total / Raw milk of cattleFAOSTAT [2024]
Bank assets (% of GDP)76.9 %WB GFDD [2021]
Private credit (% of GDP)72.2 %WB GFDD [2020]
Stock market capitalization (% of GDP)No authoritative open source found
Financial account ownership71.4 %WB Findex [2024]
Mobile-money accountNo authoritative open source found
Borrowed from a bank23.2 %WB Findex [2024]
Poverty headcount ($2.15/day)No authoritative open source found
Poverty headcount ($6.85/day)No authoritative open source found

Section metadata

Data year2025
EditionDatabook 2026
Coverage28/33
LicenseCC-BY
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Datasets on this page
  • World Bank WDI
    world_bank_wdi
    Edition: 2024
  • CIA World Factbook
    cia_factbook
    Edition: 2025
  • BGS World Mineral Statistics
    bgs_world_minerals
    Edition: 2023
  • World Inequality Database
    world_inequality_database
    Edition: 2026
  • CEPII BACI
    cepii_baci_trade
    Edition: 2026
  • FAOSTAT
    faostat
    Edition: 2026
  • WB GFDD
    world_bank_gfdd
    Edition: 2022
  • WB Findex
    world_bank_global_findex
    Edition: 2025
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About this data

Armenia's economy on Databook compiles 28 indicators from 8 open datasets including World Bank WDI, CIA World Factbook, BGS World Mineral Statistics. Key figures include gdp (nominal) (26,000,000,000 US$), gdp (ppp) (69,200,000,000 US$). Data is referenced to 2025. Every value carries its source and publication year, published under open licenses.