Armenia - GDP

GDP (current US$)

The latest value for GDP (current US$) in Armenia was $12,641,210,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between $13,619,290,000 in 2019 and $1,201,313,000 in 1993.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 $2,256,839,000
1991 $2,069,870,000
1992 $1,272,835,000
1993 $1,201,313,000
1994 $1,315,159,000
1995 $1,468,317,000
1996 $1,596,969,000
1997 $1,639,492,000
1998 $1,893,726,000
1999 $1,845,482,000
2000 $1,911,564,000
2001 $2,118,468,000
2002 $2,376,335,000
2003 $2,807,061,000
2004 $3,576,615,000
2005 $4,900,470,000
2006 $6,384,452,000
2007 $9,206,302,000
2008 $11,662,040,000
2009 $8,647,937,000
2010 $9,260,285,000
2011 $10,142,110,000
2012 $10,619,320,000
2013 $11,121,470,000
2014 $11,609,510,000
2015 $10,553,340,000
2016 $10,546,140,000
2017 $11,527,460,000
2018 $12,457,940,000
2019 $13,619,290,000
2020 $12,641,210,000

GDP (current LCU)

The value for GDP (current LCU) in Armenia was 6,181,660,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 6,543,320,000,000 in 2019 and a minimum value of 50,310,000 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 50,310,000
1991 79,690,000
1992 310,190,000
1993 4,218,410,000
1994 187,065,000,000
1995 522,256,000,000
1996 661,209,000,000
1997 804,335,000,000
1998 955,385,000,000
1999 987,444,000,000
2000 1,031,340,000,000
2001 1,175,880,000,000
2002 1,362,470,000,000
2003 1,624,640,000,000
2004 1,907,950,000,000
2005 2,242,880,000,000
2006 2,656,190,000,000
2007 3,149,280,000,000
2008 3,568,230,000,000
2009 3,141,650,000,000
2010 3,460,200,000,000
2011 3,777,950,000,000
2012 4,266,460,000,000
2013 4,555,640,000,000
2014 4,828,630,000,000
2015 5,043,630,000,000
2016 5,067,290,000,000
2017 5,564,490,000,000
2018 6,017,040,000,000
2019 6,543,320,000,000
2020 6,181,660,000,000

GDP at market prices: linked series (current LCU)

The latest value for GDP at market prices: linked series (current LCU) in Armenia was 6,181,660,000,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 6,543,320,000,000 in 2019 and 50,310,000 in 1990.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.

Source: World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.

Year Value
1990 50,310,000
1991 79,690,000
1992 310,190,000
1993 4,218,410,000
1994 187,065,000,000
1995 522,256,000,000
1996 661,209,000,000
1997 804,335,000,000
1998 955,385,000,000
1999 987,444,000,000
2000 1,031,340,000,000
2001 1,175,880,000,000
2002 1,362,470,000,000
2003 1,624,640,000,000
2004 1,907,950,000,000
2005 2,242,880,000,000
2006 2,656,190,000,000
2007 3,149,280,000,000
2008 3,568,230,000,000
2009 3,141,650,000,000
2010 3,460,200,000,000
2011 3,777,950,000,000
2012 4,266,460,000,000
2013 4,555,640,000,000
2014 4,828,630,000,000
2015 5,043,630,000,000
2016 5,067,290,000,000
2017 5,564,490,000,000
2018 6,017,040,000,000
2019 6,543,320,000,000
2020 6,181,660,000,000

GDP (constant 2010 US$)

The latest value for GDP (constant 2010 US$) in Armenia was 11,915,300,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 12,867,500,000 in 2019 and 2,737,000,000 in 1993.

Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1990 5,839,777,000
1991 5,156,524,000
1992 3,001,096,000
1993 2,737,000,000
1994 2,884,798,000
1995 3,083,849,000
1996 3,264,729,000
1997 3,373,154,000
1998 3,619,394,000
1999 3,738,834,000
2000 3,959,425,000
2001 4,339,530,000
2002 4,912,348,000
2003 5,600,076,000
2004 6,188,084,000
2005 7,048,228,000
2006 7,978,594,000
2007 9,071,661,000
2008 9,697,606,000
2009 8,330,244,000
2010 8,513,509,000
2011 8,913,644,000
2012 9,555,426,000
2013 9,870,755,000
2014 10,226,100,000
2015 10,553,340,000
2016 10,574,440,000
2017 11,367,530,000
2018 11,958,640,000
2019 12,867,500,000
2020 11,915,300,000

GDP (constant LCU)

The value for GDP (constant LCU) in Armenia was 5,320,140,000,000 as of 2020. As the graph below shows, over the past 30 years this indicator reached a maximum value of 5,745,290,000,000 in 2019 and a minimum value of 1,222,060,000,000 in 1993.

Definition: GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1990 2,607,440,000,000
1991 2,302,370,000,000
1992 1,339,980,000,000
1993 1,222,060,000,000
1994 1,288,050,000,000
1995 1,376,930,000,000
1996 1,457,690,000,000
1997 1,506,100,000,000
1998 1,616,050,000,000
1999 1,669,370,000,000
2000 1,767,870,000,000
2001 1,937,580,000,000
2002 2,193,340,000,000
2003 2,500,410,000,000
2004 2,762,960,000,000
2005 3,147,010,000,000
2006 3,562,410,000,000
2007 4,050,460,000,000
2008 4,329,940,000,000
2009 3,719,420,000,000
2010 3,801,250,000,000
2011 3,979,910,000,000
2012 4,266,460,000,000
2013 4,407,250,000,000
2014 4,565,910,000,000
2015 4,712,020,000,000
2016 4,721,450,000,000
2017 5,075,560,000,000
2018 5,339,490,000,000
2019 5,745,290,000,000
2020 5,320,140,000,000

GDP, PPP (current international $)

The latest value for GDP, PPP (current international $) in Armenia was 39,446,910,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 42,091,960,000 in 2019 and 4,976,010,000 in 1993.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 9,808,410,000
1991 8,953,714,000
1992 5,329,817,000
1993 4,976,010,000
1994 5,356,712,000
1995 5,846,400,000
1996 6,302,639,000
1997 6,628,400,000
1998 7,192,323,000
1999 7,536,940,000
2000 8,160,046,000
2001 9,139,577,000
2002 10,509,650,000
2003 12,203,500,000
2004 13,847,910,000
2005 16,264,080,000
2006 18,968,090,000
2007 22,146,060,000
2008 24,134,640,000
2009 20,889,700,000
2010 21,598,040,000
2011 23,085,520,000
2012 27,009,100,000
2013 28,500,150,000
2014 29,231,470,000
2015 29,166,840,000
2016 31,429,190,000
2017 35,676,530,000
2018 38,432,840,000
2019 42,091,960,000
2020 39,446,910,000

GDP, PPP (constant 2011 international $)

The latest value for GDP, PPP (constant 2011 international $) in Armenia was 37,395,690,000 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 40,384,120,000 in 2019 and 8,589,964,000 in 1993.

Definition: PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 18,327,910,000
1991 16,183,540,000
1992 9,418,821,000
1993 8,589,964,000
1994 9,053,823,000
1995 9,678,537,000
1996 10,246,220,000
1997 10,586,510,000
1998 11,359,320,000
1999 11,734,180,000
2000 12,426,500,000
2001 13,619,440,000
2002 15,417,210,000
2003 17,575,610,000
2004 19,421,050,000
2005 22,120,580,000
2006 25,040,500,000
2007 28,471,040,000
2008 30,435,550,000
2009 26,144,140,000
2010 26,719,310,000
2011 27,975,110,000
2012 29,989,320,000
2013 30,978,970,000
2014 32,094,210,000
2015 33,121,230,000
2016 33,187,470,000
2017 35,676,530,000
2018 37,531,710,000
2019 40,384,120,000
2020 37,395,690,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts