Armenia: Economic growth, quarterly

* indicates monthly or quarterly data series
 Armenia

Economic growth, percent change in quarterly real GDP

 Latest value 7.8
 Reference Q4 2023
 Measure percent
 Data availability Q1 2001 - Q4 2023
 Average 6.45
 Min - Max -19.8 - 19.1
 Source National Statistical Service of the Republic of Armenia
The latest data from Q4 2023 show economic growth of 7.8 percent, which is an increase from the rate of growth of 7.2 percent in the previous quarter and a decrease compared to the growth rate of 12.7 percent in the same quarter last year. The economic growth time series for Armenia cover the period from Q1 2001 to Q4 2023. During that time span, the average growth rate for Armenia was 6.45 percent. The lowest rate of growth of -19.8 percent was recorded in Q3 2009 while the highest growth rate was 19.1 percent in Q2 2006. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series


Recent values chart
Armenia - Economic growth, quarterly  - recent values

Historical chart
Armenia - Economic growth, quarterly  - historical chart - 2001-2023
Measure: percent
Source: National Statistical Service of the Republic of Armenia


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Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.

 Related indicators Latest value Reference Measure
 Economic growth 12.60 2022 percent
 GDP, constant dollars 14.2 2022 billion U.S. dollars
 GDP, current U.S. dollars 19.51 2022 billion U.S. dollars
 GDP per capita, current dollars 7,018.05 2022 U.S. dollars
 GDP per capita, PPP 16,057 2022 U.S. dollars
 GDP per capita, constant dollars 5,116.21 2022 U.S. dollars
 Economic growth, quarterly 7.20 Q3/2023 percent
 Economic growth Q-on-Q 2.68 Q3/2023 percent
 Gross Domestic Product (GDP) 2,574.59 Q3/2023 billion
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