GDP Growth Rate
Year -
8.70%
In 2023, Armenia experienced a significant a decrease in its GDP growth rate, which fall to 8.70% from 12.60% in 2022. Additionally, the GDP per capita growth rate in Armenia decrease to 8.80% in 2023, compared to 13.03% in 2022.
In 2023, Armenia experienced a decrease in economic performance, with the GDP growth rate falling by 3.9%. Additionally, the GDP per capita growth rate decrease by 4.23%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | - | - | - | - |
| 1962 | - | - | - | - |
| 1963 | - | - | - | - |
| 1964 | - | - | - | - |
| 1965 | - | - | - | - |
| 1966 | - | - | - | - |
| 1967 | - | - | - | - |
| 1968 | - | - | - | - |
| 1969 | - | - | - | - |
| 1970 | - | - | - | - |
| 1971 | - | - | - | - |
| 1972 | - | - | - | - |
| 1973 | - | - | - | - |
| 1974 | - | - | - | - |
| 1975 | - | - | - | - |
| 1976 | - | - | - | - |
| 1977 | - | - | - | - |
| 1978 | - | - | - | - |
| 1979 | - | - | - | - |
| 1980 | - | - | - | - |
| 1981 | - | - | - | - |
| 1982 | - | - | - | - |
| 1983 | - | - | - | - |
| 1984 | - | - | - | - |
| 1985 | - | - | - | - |
| 1986 | - | - | - | - |
| 1987 | - | - | - | - |
| 1988 | - | - | - | - |
| 1989 | - | - | - | - |
| 1990 | - | - | - | - |
| 1991 | -11.7 | - | -13.19 | - |
| 1992 | -41.8% | -30.10% | -41.1% | -27.91% |
| 1993 | -8.8% | 33.00% | -5.71% | 35.39% |
| 1994 | 5.4% | 14.20% | 8.01% | 13.72% |
| 1995 | 6.9% | 1.50% | 8.54% | 0.53% |
| 1996 | 5.87% | -1.03% | 6.63% | -1.91% |
| 1997 | 3.32% | -2.55% | 4.19% | -2.44% |
| 1998 | 7.3% | 3.98% | 8.32% | 4.13% |
| 1999 | 3.3% | -4.00% | 4.41% | -3.91% |
| 2000 | 5.9% | 2.60% | 7.15% | 2.74% |
| 2001 | 9.6% | 3.70% | 10.84% | 3.69% |
| 2002 | 13.2% | 3.60% | 14.22% | 3.38% |
| 2003 | 14% | 0.80% | 14.77% | 0.55% |
| 2004 | 10.5% | -3.50% | 11.16% | -3.61% |
| 2005 | 13.9% | 3.40% | 14.59% | 3.43% |
| 2006 | 13.2% | -0.70% | 13.98% | -0.61% |
| 2007 | 13.7% | 0.50% | 14.54% | 0.56% |
| 2008 | 6.9% | -6.80% | 7.65% | -6.89% |
| 2009 | -14.1% | -21.00% | -13.55% | -21.20% |
| 2010 | 2.2% | 16.30% | 2.82% | 16.37% |
| 2011 | 4.7% | 2.50% | 5.32% | 2.50% |
| 2012 | 7.2% | 2.50% | 7.74% | 2.42% |
| 2013 | 3.3% | -3.90% | 3.76% | -3.98% |
| 2014 | 3.6% | 0.30% | 4.01% | 0.25% |
| 2015 | 3.2% | -0.40% | 3.61% | -0.40% |
| 2016 | 0.2% | -3.00% | 0.65% | -2.96% |
| 2017 | 7.5% | 7.30% | 8.02% | 7.37% |
| 2018 | 5.2% | -2.30% | 5.77% | -2.25% |
| 2019 | 7.6% | 2.40% | 8.21% | 2.44% |
| 2020 | -7.2% | -14.80% | -6.7% | -14.91% |
| 2021 | 5.8% | 13.00% | 6.35% | 13.05% |
| 2022 | 12.6% | 6.80% | 13.03% | 6.68% |
| 2023 | 8.7% | -3.90% | 8.8% | -4.23% |