Armenia's import volume index (2015 = 100) was 372 in 2024, the latest year in the World Bank's World Development Indicators. That is up 211.82% from 119.3 in 2014 (12.04% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 372 | 2024 |
| Five years earlier | 157.9 | 2019 |
| Ten years earlier | 119.3 | 2014 |
| Highest | 372 | 2024 |
| Lowest | 62.2 | 2005 |
| Average since 2015 | 171.31 | 2015–2024 |
| First recorded | 62.2 | 2005 |
What the numbers say
In 2024, Armenia's import volume index (2015 = 100) rose 94.1 on 2023 (from 277.9 to 372).
Across the 18 yearly changes before that (2006 to 2023), the average change was +11.98 and a typical year strayed about 28.53 from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 94.8 in 2023 and the biggest yearly fall was 24.8 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 23.85 a year. A straight line explains 68% 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 2024, Armenia had the 2nd highest value of the 203 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.
| Value | Year | |
|---|---|---|
| Armenia | 372 | 2024 |
| World | 117.2 | 2024 |
Closest to Armenia in the 2024 ranking
- Djibouti — 1st of 203: 493.8
- Guyana — 3rd of 203: 347.8
- Gambia, The — 4th of 203: 274.5
- Congo, Dem. Rep. — 5th of 203: 263.4
What this measures
Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD's estimates using the previous year's trade values at the Standard International Trade Classification three-digit level as weights.
All 20 values
| Year | Import volume index (2015 = 100) |
|---|---|
| 2024 | 372 |
| 2023 | 277.9 |
| 2022 | 183.1 |
| 2021 | 127.1 |
| 2020 | 133.1 |
| 2019 | 157.9 |
| 2018 | 139.5 |
| 2017 | 122.9 |
| 2016 | 99.6 |
| 2015 | 100 |
| 2014 |
Import volume index (2015 = 100) in nearby economies
More trade data for Armenia
- Tariff rate, most favored nation, simple mean, manufactured products (%) — 6.43% (2021)
- Tariff rate, most favored nation, simple mean, all products (%) — 6.81% (2021)
- Tariff rate, most favored nation, simple mean, primary products (%) — 7.87% (2021)
- Import value index (2015 = 100) — 528.8 (2024)
- Net barter terms of trade index (2015 = 100) — 108.3 (2024)
- Export volume index (2015 = 100) — 574.4 (2024)
- Export value index (2015 = 100) — 884 (2024)
- Binding coverage, manufactured products (%) — 100% (2021)
- Bound rate, simple mean, manufactured products (%) — 7.59% (2021)
Reading data like this
Questions people ask
- What is Armenia's import volume index (2015 = 100)?
- 372 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2005?
- It is up 498.07% from 62.2 in 2005 (9.87% a year on average, compounded). The highest value was 372 in 2024 and the lowest 62.2 in 2005.
- How does Armenia rank?
- 2nd highest of 203 economies with data for 2024.
- Is the latest change in import volume index (2015 = 100) unusual for Armenia?
- In 2024, Armenia's import volume index (2015 = 100) rose 94.1 on 2023 (from 277.9 to 372). Across the 18 yearly changes before that (2006 to 2023), the average change was +11.98 and a typical year strayed about 28.53 from that (the standard deviation). This year's change was 2.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator TM.QTY.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) 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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