Armenia: Trade openness

* indicates monthly or quarterly data series
 Armenia

Trade openness: exports plus imports as percent of GDP

 Latest value 119.71
 Year 2023
 Measure percent
 Data availability 1990 - 2023
 Average 79.89
 Min - Max 54.54 - 119.71
 Source The World Bank
The latest value from 2023 is 119.71 percent, an increase from 101.41 percent in 2022. In comparison, the world average is 95.00 percent, based on data from 154 countries. Historically, the average for Armenia from 1990 to 2023 is 79.89 percent. The minimum value, 54.54 percent, was reached in 2008 while the maximum of 119.71 percent was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Armenia - Trade openness - Recent values chart

Historical series
Armenia - Trade openness - historical chart - 1990-2023




Definition: Exports plus imports as percent of GDP.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Terms of trade 108.30 2021 percent
 Trade openness 119.71 2023 percent
 Financial openness 1.610 2021 index points
 Exports, percent of GDP 58.18 2023 percent
 Exports, billion dollars 14.32 2023 billion U.S. dollars
 Growth of exports 28.70 2023 percent
 Imports, percent of GDP 58.86 2023 percent
 Imports, billion dollars 14.51 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.40 2023 percent
 Foreign Direct Investment, billion dollars 0.58 2023 billion U.S. dollars
 Portfolio investment inflows, equities 0.80 2023 million dollars (current)
 Current account, percent of GDP -4.97 2022 percent
 Current account, in dollars -0.56 2023 billion U.S. dollars
 Trade balance, percent of GDP -0.68 2023 percent
 Trade balance, in dollars -0.19 2023 billion U.S. dollars
 Reserves 3.61 2023 billion U.S. dollars
 Remittances, percent of GDP 7.64 2023 percent
 Remittances 1,850.00 2023 million U.S. dollars
 Net errors and omissions -1.01 2023 million USD
 External debt 78.84 2022 percent
 Short-term external debt 19.62 2023 percent
 Short-term debt to reserves 86.12 2023 percent
 Foreign exchange reserves 3.67 12/2024 billion
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