Armenia - GDP growth

GDP growth (annual %)

The value for GDP growth (annual %) in Armenia was -7.40 as of 2020. As the graph below shows, over the past 29 years this indicator reached a maximum value of 14.00 in 2003 and a minimum value of -41.80 in 1992.

Definition: Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. 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.

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

See also:

Year Value
1991 -11.70
1992 -41.80
1993 -8.80
1994 5.40
1995 6.90
1996 5.87
1997 3.32
1998 7.30
1999 3.30
2000 5.90
2001 9.60
2002 13.20
2003 14.00
2004 10.50
2005 13.90
2006 13.20
2007 13.70
2008 6.90
2009 -14.10
2010 2.20
2011 4.70
2012 7.20
2013 3.30
2014 3.60
2015 3.20
2016 0.20
2017 7.50
2018 5.20
2019 7.60
2020 -7.40

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts