Economy of Armenia. Statistics, Data and Indicators
Armenia
| 43 | Credit rank #71 |
| N/A | Quality of life # |
| 63 | Corruption rank#100 |
| 47 | Ease of doing business#41 |
Armenia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 12.1 % | 1Q/23 |
| GDP per capita | 4522 USD | 2021 |
| Inflation Rate YoY | 3.2 % | Apr/23 |
| Interest Rate | 10.75 % | May/23 |
| Unemployment Rate | 12.7 % | 4Q/22 |
| Wages | 284547 AMD/Month | 735.676 USD/Month | Mar/23 |
| Balance of Trade | -413 USD Million | -0.413 B USD | Apr/23 |
| Current Account | -165 USD Million | -0.165 B USD | 4Q/22 |
| Foreign Exchange Reserves | 3545 USD Million | 3.545 B USD | Feb/23 |
| Government Debt | 3970 AMD Billion | 10.264 B USD | 4Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 12.1 % | 1Q/23 |
| GDP per capita | 4522 USD | 2021 |
| GDP Constant Prices | 1732267 AMD Million | 4.479 B USD | 1Q/23 |
| GDP per capita PPP | 14193 USD | 2021 |
| GDP From Agriculture | 70897 AMD Million | 0.183 B USD | 1Q/23 |
| GDP From Construction | 65512 AMD Million | 0.169 B USD | 1Q/23 |
| GDP From Manufacturing | 170387 AMD Million | 0.441 B USD | 1Q/23 |
| GDP From Mining | 68520 AMD Million | 0.177 B USD | 1Q/23 |
| GDP From Public Administration | 79774 AMD Million | 0.206 B USD | 1Q/23 |
| GDP From Services | 40742 AMD Million | 0.105 B USD | 1Q/23 |
| GDP From Transport | 76957 AMD Million | 0.199 B USD | 1Q/23 |
| GDP From Utilities | 8049 AMD Million | 0.021 B USD | 1Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 60.25 % | 2021 |
| Government Budget Value | -246718 AMD Billion | -637.872 USD Billion | 4Q/22 |
| Government Spending | 189426 AMD Million | 0.49 USD Billion | 1Q/23 |
| Government Debt | 3970 AMD Billion | 10.264 USD Billion | 4Q/22 |
| Government Revenues | 587666 AMD Billion | 1519.369 USD Billion | 4Q/22 |
| Fiscal Expenditure | 834384 AMD Million | 2.157 B USD | 4Q/22 |
| Government Budget to GDP | -2.5 % | 2022 |
| Military Expenditure | 619 USD Million | 0.619 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 158 index points | Apr/23 |
| Export Prices | 96.2 index points | Mar/23 |
| Food Inflation | 5.1 % | Mar/23 |
| Import Prices | 95.1 index points | Mar/23 |
| Inflation Rate YoY | 3.2 % | Apr/23 |
| Producer Prices | 124 index points | Mar/23 |
| Inflation Rate Mom | 0.1 % | Apr/23 |
| Core Consumer Prices | 99.98 Index Points | Apr/23 |
| Core Inflation Rate | 4.3 % | Apr/23 |
| Producer Prices Change | -3.3 % | Apr/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.1 % | 2022 |
| Balance of Trade | -413 USD Million | -0.413 USD Billion | Apr/23 |
| Capital Flows | 36.1 USD Million | 0.036 USD Billion | 4Q/22 |
| Current Account | -165 USD Million | -0.165 USD Billion | 4Q/22 |
| Exports | 627 USD Million | 0.627 USD Billion | Mar/23 |
| External Debt | 15258 USD Million | 15.258 USD Billion | 4Q/22 |
| Foreign Exchange Reserves | 3545 USD Million | 3.545 USD Billion | Feb/23 |
| Imports | 1063 USD Million | 1.063 USD Billion | Mar/23 |
| Terms of Trade | 101 Index Points | Mar/23 |
| Tourist Arrivals | 451850 Thousand Persons | 451.85 Million Persons | 1Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 1Q/23 |
| Interest Rate | 10.75 % | May/23 |
| Money Supply M0 | 1693655 AMD Million | 4.379 USD Billion | Feb/23 |
| Money Supply M1 | 1618563 AMD Million | 4.185 USD Billion | Feb/23 |
| Money Supply M2 | 2753981 AMD Million | 7.12 USD Billion | Feb/23 |
| Deposit Interest Rate | 9.25 % | Apr/23 |
| Foreign Direct Investment | 257 USD Million | 0.257 B USD | 4Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 75000 AMD/Month | 193.907 USD/Month | 2023 |
| Retirement Age Men | 63 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 12.7 % | 4Q/22 |
| Wages | 284547 AMD/Month | 735.676 USD/Month | Mar/23 |
| Employed Persons | 1006 Thousand Person | 1.006 Million Person | Mar/23 |
| Labor Force Participation Rate | 58.5 % | 4Q/22 |
| Unemployed Persons | 47 Thousand Persons | 0.047 Million Persons | Mar/23 |
| Wages in Manufacturing | 195614 AMD/Monthl | 505.746 USD/Month | Mar/23 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2018 |
| Personal Income Tax Rate | 36 % | 2018 |
| Sales Tax Rate | 20 % | 2019 |
| Social Security Rate | 5 % | 2022 |
| Social Security Rate For Companies | 5 % | 2022 |
| Social Security Rate For Employees | 5 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -0.8 % | Apr/23 |
| Mining Production | 11.1 % | Mar/23 |
| Industrial Production (MoM) | 6 % | Mar/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 51 index points | 2Q/16 |
| Corruption Index | 46 index points | 2022 |
| Corruption Rank | 63 place | 2022 |
| Ease of Doing Business | 47 place | 2019 |
| Manufacturing Production | 10.6 % | Mar/23 |
| Competitiveness Index | 61.28 Index Points | 2019 |
| Competitiveness Rank | 69 | 2019 |
| Leading Economic Index | 12.1 % | Apr/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 42.6 index points | 2Q/16 |
| Retail Sales YoY | 28.9 % | Apr/23 |
| Consumer Credit | 939240 AMD Million | 2.428 USD Billion | Apr/23 |
| Consumer Spending | 1329844 AMD Million | 3.438 USD Billion | 1Q/23 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 19.6 % | Apr/23 |
