Armenia - Trade in services (% of GDP)

Trade in services (% of GDP) in Armenia was 16.69 as of 2020. Its highest value over the past 27 years was 36.18 in 2019, while its lowest value was 4.81 in 1994.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1993 5.50
1994 4.81
1995 7.07
1996 13.97
1997 17.27
1998 16.92
1999 18.10
2000 18.08
2001 23.04
2002 20.88
2003 21.73
2004 23.73
2005 20.57
2006 19.98
2007 18.67
2008 17.03
2009 21.37
2010 24.70
2011 26.49
2012 27.36
2013 28.45
2014 28.89
2015 29.58
2016 31.03
2017 33.70
2018 35.41
2019 36.18
2020 16.69

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments