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Macro

Armenia

Europe & Central Asia · Upper middle income · IMF WEO April 2026 · World Bank WDI

GDP▲ 12.7%
Current prices2025
29USD bn
GDP per capita▲ 11.3%
Current prices2025
9,521USD
Real GDP growth▲ 1.3 pp
Annual change2025
7.2%
Inflation▲ 3.0 pp
Average consumer prices2025
3.3%
Unemployment▼ 0.9 pp
Rate2025
13.0%
Government debt▼ 1.0 pp
General government, gross2025
49.0% of GDP
Current account▼ 2.1 pp
Balance2025
-6.7% of GDP
Population▲ 1.2%
Total2025
3.07million

Real GDP growth, %

Since 1995 · lighter bars = IMF projection
-14.10.014.81995: 8.2%1996: 5.9%1997: 3.2%1998: 7.3%1999: 3.4%2000: 5.6%2001: 9.6%2002: 14.8%2003: 14.0%2004: 10.4%2005: 13.8%2006: 13.2%2007: 13.7%2008: 6.9%2009: -14.1%2010: 2.2%2011: 4.7%2012: 7.1%2013: 3.4%2014: 3.6%2015: 3.3%2016: 0.2%2017: 7.5%2018: 5.2%2019: 7.6%2020: -7.1%2021: 5.8%2022: 12.6%2023: 8.3%2024: 5.9%2025: 7.2%2026: 5.3% (IMF projection)2027: 5.5% (IMF projection)2028: 5.0% (IMF projection)2029: 5.0% (IMF projection)2030: 5.0% (IMF projection)2031: 5.0% (IMF projection)IMF projection19952000200520102015202020252030

Inflation, %

Average consumer prices · lighter bars = IMF projection
-1.40.01771995: 176.7%1996: 18.7%1997: 14.0%1998: 8.7%1999: 0.7%2000: -0.8%2001: 3.2%2002: 1.0%2003: 4.7%2004: 6.9%2005: 0.6%2006: 2.9%2007: 4.4%2008: 9.1%2009: 3.5%2010: 8.2%2011: 7.5%2012: 2.5%2013: 5.7%2014: 3.0%2015: 3.7%2016: -1.4%2017: 1.0%2018: 2.5%2019: 1.4%2020: 1.2%2021: 7.2%2022: 8.6%2023: 2.0%2024: 0.3%2025: 3.3%2026: 3.6% (IMF projection)2027: 3.4% (IMF projection)2028: 3.3% (IMF projection)2029: 3.0% (IMF projection)2030: 3.0% (IMF projection)2031: 3.0% (IMF projection)IMF projection19952000200520102015202020252030

IMF outlook

IMF World Economic Outlook April 2026 · italics = IMF projection
Indicator2021202220232024202520262027202820292030
Real GDP growth %5.812.68.35.97.25.35.55.05.05.0
Inflation, average consumer prices %7.28.62.00.33.33.63.43.33.03.0
Unemployment rate %15.513.512.413.913.012.812.712.512.412.3
GDP, current prices USD bn14202426293234353841
GDP per capita, current prices USD4,6746,5397,9738,5569,52110,41010,99511,64212,50713,469
GDP per capita, PPP Int. USD15,88419,05721,06222,84924,87127,02429,21931,27733,52935,967
General government gross debt % of GDP63.449.250.550.049.050.651.251.450.448.8
General government net lending/borrowing % of GDP-4.6-2.1-2.0-3.7-3.7-4.5-3.5-2.9-2.3-1.8
Current account balance % of GDP-3.40.7-2.8-4.6-6.7-6.0-5.2-4.7-4.6-4.5
Population million2.972.983.033.033.073.063.053.043.033.02

Government debt, % of GDP

General government gross debt
0.067.42000: 40%2001: 38%2002: 38%2003: 33%2004: 26%2005: 24%2006: 19%2007: 16%2008: 16%2009: 41%2010: 40%2011: 42%2012: 41%2013: 41%2014: 44%2015: 49%2016: 57%2017: 59%2018: 56%2019: 54%2020: 67%2021: 63%2022: 49%2023: 51%2024: 50%2025: 49%2026: 51% (IMF projection)2027: 51% (IMF projection)2028: 51% (IMF projection)2029: 50% (IMF projection)2030: 49% (IMF projection)2031: 47% (IMF projection)IMF projection2000200520102015202020252030

Current account, % of GDP

Balance of payments
-16.50.00.72000: -15.8%2001: -10.4%2002: -6.2%2003: -6.2%2004: -2.2%2005: -2.5%2006: -2.4%2007: -7.4%2008: -14.2%2009: -16.5%2010: -13.6%2011: -10.4%2012: -10.0%2013: -7.3%2014: -7.8%2015: -2.7%2016: -1.0%2017: -1.3%2018: -7.2%2019: -7.1%2020: -4.0%2021: -3.4%2022: 0.7%2023: -2.8%2024: -4.6%2025: -6.7%2026: -6.0% (IMF projection)2027: -5.2% (IMF projection)2028: -4.7% (IMF projection)2029: -4.6% (IMF projection)2030: -4.5% (IMF projection)2031: -4.4% (IMF projection)IMF projection2000200520102015202020252030

Economic structure

Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
YearStructureAgricultureIndustryManufacturingServices
201517.225.79.248.2
20257.923.111.061.3

Income, trade and society

World Bank WDI · change over 10 years
IndicatorLatestUnitYear10Y change
GNI per capita, Atlas method9,020USD2025+130.7%
GNI, Atlas method28USD bn2025+137.2%
Exports of goods and services48.1% of GDP2025+18.4 pp
Imports of goods and services53.6% of GDP2025+11.7 pp
Life expectancy at birth78.3years2024+4.6%
Urban population65.9% of total2025+1.4 pp

Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)