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 | 19.5 USD Billion | 2022 |
| GDP Annual Growth Rate | 9.1 % | 2Q/23 |
| GDP per capita | 5111 USD | 2022 |
| Inflation Rate YoY | 0.1 % | Sep/23 |
| Interest Rate | 9.75 % | Sep/23 |
| Unemployment Rate | 11.7 % | 2Q/23 |
| Wages | 265471 AMD/Month | 658.099 USD/Month | Aug/23 |
| Balance of Trade | -401 USD Million | -0.401 B USD | Aug/23 |
| Current Account | -298 USD Million | -0.298 B USD | 2Q/23 |
| Foreign Exchange Reserves | 4217 USD Million | 4.217 B USD | Aug/23 |
| Government Debt | 4173 AMD Billion | 10.345 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 19.5 USD Billion | 2022 |
| GDP Annual Growth Rate | 9.1 % | 2Q/23 |
| GDP per capita | 5111 USD | 2022 |
| GDP Constant Prices | 2017294 AMD Million | 5.001 B USD | 2Q/23 |
| GDP per capita PPP | 16042 USD | 2022 |
| GDP From Agriculture | 155440 AMD Million | 0.385 B USD | 2Q/23 |
| GDP From Construction | 115275 AMD Million | 0.286 B USD | 2Q/23 |
| GDP From Manufacturing | 210407 AMD Million | 0.522 B USD | 2Q/23 |
| GDP From Mining | 77556 AMD Million | 0.192 B USD | 2Q/23 |
| GDP From Public Administration | 103346 AMD Million | 0.256 B USD | 2Q/23 |
| GDP From Services | 50412 AMD Million | 0.125 B USD | 2Q/23 |
| GDP From Transport | 84562 AMD Million | 0.21 B USD | 2Q/23 |
| GDP From Utilities | 9038 AMD Million | 0.022 B USD | 2Q/23 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 49.27 % | 2022 |
| Government Budget Value | 74880 AMD Billion | 185.627 USD Billion | 2Q/23 |
| Government Spending | 269199 AMD Million | 0.667 USD Billion | 2Q/23 |
| Government Debt | 4173 AMD Billion | 10.345 USD Billion | 2Q/23 |
| Government Revenues | 696676 AMD Billion | 1727.052 USD Billion | 2Q/23 |
| Fiscal Expenditure | 621796 AMD Million | 1.541 B USD | 2Q/23 |
| Government Budget to GDP | -2.5 % | 2022 |
| Military Expenditure | 795 USD Million | 0.795 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 152 index points | Aug/23 |
| Export Prices | 101 index points | Jul/23 |
| Food Inflation | -4 % | Aug/23 |
| Import Prices | 98.8 index points | Jul/23 |
| Inflation Rate YoY | 0.1 % | Sep/23 |
| Producer Prices | 98.8 index points | Aug/23 |
| Inflation Rate Mom | 0.12 % | Aug/23 |
| Core Consumer Prices | 100 Index Points | Aug/23 |
| Core Inflation Rate | 0.6 % | Jul/23 |
| Producer Prices Change | 7.6 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.1 % | 2022 |
| Balance of Trade | -401 USD Million | -0.401 USD Billion | Aug/23 |
| Capital Flows | -45.2 USD Million | -0.045 USD Billion | 1Q/23 |
| Current Account | -298 USD Million | -0.298 USD Billion | 2Q/23 |
| Exports | 601 USD Million | 0.601 USD Billion | Aug/23 |
| External Debt | 14866 USD Million | 14.866 USD Billion | 1Q/23 |
| Foreign Exchange Reserves | 4217 USD Million | 4.217 USD Billion | Aug/23 |
| Imports | 1002 USD Million | 1.002 USD Billion | Aug/23 |
| Terms of Trade | 93.1 Index Points | Jun/23 |
| Tourist Arrivals | 1002878 Thousand Persons | 1002.878 Million Persons | 2Q/23 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 2Q/23 |
| Interest Rate | 9.75 % | Sep/23 |
| Money Supply M0 | 1619607 AMD Million | 4.015 USD Billion | Jul/23 |
| Money Supply M1 | 1779447 AMD Million | 4.411 USD Billion | Jul/23 |
| Money Supply M2 | 3069257 AMD Million | 7.609 USD Billion | Jul/23 |
| Deposit Interest Rate | 8.25 % | Sep/23 |
| Foreign Direct Investment | 121 USD Million | 0.121 B USD | 1Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 75000 AMD/Month | 185.924 USD/Month | 2023 |
| Retirement Age Men | 63 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 11.7 % | 2Q/23 |
| Wages | 265471 AMD/Month | 658.099 USD/Month | Aug/23 |
| Employed Persons | 853 Thousand Person | 0.853 Million Person | Jun/23 |
| Labor Force Participation Rate | 61 % | 2Q/23 |
| Unemployed Persons | 47.1 Thousand Persons | 0.047 Million Persons | Jun/23 |
| Wages in Manufacturing | 203677 AMD/Monthl | 504.913 USD/Month | Jun/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 | -3.7 % | Aug/23 |
| Mining Production | 2.9 % | Jul/23 |
| Industrial Production (MoM) | 8.1 % | Aug/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 | -4.1 % | Jul/23 |
| Competitiveness Index | 61.28 Index Points | 2019 |
| Competitiveness Rank | 69 | 2019 |
| Leading Economic Index | 10.9 % | Aug/23 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 42.6 index points | 2Q/16 |
| Retail Sales YoY | 23.5 % | Aug/23 |
| Consumer Credit | 1007721 AMD Million | 2.498 USD Billion | Jul/23 |
| Consumer Spending | 1566186 AMD Million | 3.883 USD Billion | 2Q/23 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 17.5 % | Aug/23 |
