Armenia: GDP (current US$)

Key figures

What the numbers say

In 2025, Armenia's GDP (current US$) rose 12.7% on 2024 (from US$25.96 billion to US$29.24 billion).

Across the 30 yearly changes before that (1995 to 2024), the average change was +11.4% and a typical year strayed about 14.9% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 44.2% in 2007 and the biggest yearly fall was 38.5% in 1992. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$2.1 billion a year. A straight line explains 87% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Armenia had the 115th highest value of the 186 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Armenia in the 2025 ranking

• Haiti — 111th of 186: US$32.08 billion
• Albania — 112th of 186: US$30.54 billion
• Mali — 113th of 186: US$30.07 billion
• Zambia — 115th of 186: US$28.88 billion
• Guinea — 116th of 186: US$28.35 billion
• Malta — 117th of 186: US$27.77 billion

What this measures

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Gross domestic product (GDP), though widely tracked, may not always be the most relevant summary of aggregated economic performance for all economies, especially when production occurs at the expense of consuming capital stock. While GDP estimates based on the production approach are generally more reliable than estimates compiled from the income or expenditure side, different countries use different definitions, methods, and reporting standards. World Bank staff review the quality of national accounts data and sometimes make adjustments to improve consistency with international guidelines. Nevertheless, significant discrepancies remain between international standards and actual practice.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 36 values

GDP (current US$) in nearby economies

• Albania — US$30.54 billion (2025)
• Andorra — US$4.5 billion (2025)
• Austria — US$579.47 billion (2025)
• Azerbaijan — US$75.94 billion (2025)
• Belarus — US$93.4 billion (2025)
• Belgium — US$725.47 billion (2025)
• Bosnia and Herzegovina — US$32.6 billion (2025)
• Bulgaria — US$130.78 billion (2025)
• Channel Islands — US$12.51 billion (2023)
• Croatia — US$105.06 billion (2025)
• Cyprus — US$41.23 billion (2025)
• Czechia — US$391.03 billion (2025)

More economic policy & debt data for Armenia

• Adjusted savings, education expenditure (% of GNI) — 2.72% (2021)
• Adjusted savings, mineral depletion (current US$) — US$448.08 million (2021)
• General government final consumption expenditure (current US$) — US$2.98 billion (2025)
• General government final consumption expenditure (current LCU) — 1.15 trillion (2025)
• General government final consumption expenditure (% of GDP) — 10.19% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$20.79 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 8.05 trillion (2025)
• Households and NPISHs final consumption expenditure, linked series (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Armenia's GDP (current US$)?

US$29.24 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 1,196% from US$2.26 billion in 1990 (7.59% a year on average, compounded). The highest value was US$29.24 billion in 2025 and the lowest US$1.2 billion in 1993.

How does Armenia rank?

115th highest of 186 economies with data for 2025.

Is the latest change in GDP (current US$) unusual for Armenia?

In 2025, Armenia's GDP (current US$) rose 12.7% on 2024 (from US$25.96 billion to US$29.24 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +11.4% and a typical year strayed about 14.9% from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GDP.MKTP.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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