Economy of Armenia. Statistics, Data and Indicators
Armenia
| 43 | Credit rank #71 |
| N/A | Quality of life # |
| 58 | Corruption rank#100 |
| 47 | Ease of doing business#41 |
Armenia Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.65 USD Billion | 2020 |
| GDP Annual Growth Rate | 9 % | 4Q/21 |
| GDP per capita | 4012 USD | 2020 |
| Inflation Rate YoY | 8.4 % | Apr/22 |
| Interest Rate | 9.25 % | May/22 |
| Unemployment Rate | 14.5 % | 4Q/21 |
| Wages | 206297 AMD/Month | 449.033 USD/Month | Jul/21 |
| Balance of Trade | -222 USD Million | -0.222 B USD | Mar/22 |
| Current Account | -430 USD Million | -0.43 B USD | 4Q/21 |
| Foreign Exchange Reserves | 3105 USD Million | 3.105 B USD | Jan/22 |
| Government Debt | 4329 AMD Billion | 9.423 B USD | 1Q/21 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.65 USD Billion | 2020 |
| GDP Annual Growth Rate | 9 % | 4Q/21 |
| GDP per capita | 4012 USD | 2020 |
| GDP Constant Prices | 2217155 AMD Million | 4.826 B USD | 4Q/21 |
| GDP per capita PPP | 12593 USD | 2020 |
| GDP From Agriculture | 226017 AMD Million | 0.492 B USD | 4Q/21 |
| GDP From Construction | 206489 AMD Million | 0.449 B USD | 4Q/21 |
| GDP From Manufacturing | 286202 AMD Million | 0.623 B USD | 4Q/21 |
| GDP From Mining | 56090 AMD Million | 0.122 B USD | 4Q/21 |
| GDP From Public Administration | 86637 AMD Million | 0.189 B USD | 4Q/21 |
| GDP From Services | 31510 AMD Million | 0.069 B USD | 4Q/21 |
| GDP From Transport | 47898 AMD Million | 0.104 B USD | 4Q/21 |
| GDP From Utilities | 6587 AMD Million | 0.014 B USD | 4Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 62.79 % | 2020 |
| Government Budget Value | -157431 AMD Billion | -342.67 USD Billion | 4Q/21 |
| Government Spending | 396219 AMD Million | 0.862 USD Billion | 4Q/21 |
| Government Debt | 4329 AMD Billion | 9.423 USD Billion | 1Q/21 |
| Government Revenues | 505213 AMD Billion | 1099.664 USD Billion | 4Q/21 |
| Fiscal Expenditure | 662644 AMD Million | 1.442 B USD | 4Q/21 |
| Government Budget to GDP | -5.4 % | 2020 |
| Military Expenditure | 635 USD Million | 0.635 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 153 index points | Apr/22 |
| Export Prices | 92.6 index points | Jul/21 |
| Food Inflation | 14.3 % | Apr/22 |
| Import Prices | 95.7 index points | Jul/21 |
| Inflation Rate YoY | 8.4 % | Apr/22 |
| Producer Prices | 101 index points | Jan/22 |
| Inflation Rate Mom | 2.3 % | Apr/22 |
| Core Consumer Prices | 101 Index Points | Apr/22 |
| Core Inflation Rate | 7 % | Mar/22 |
| Producer Prices Change | 12.5 % | Mar/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.5 % | 2021 |
| Balance of Trade | -222 USD Million | -0.222 USD Billion | Mar/22 |
| Capital Flows | -255 USD Million | -0.255 USD Billion | 4Q/21 |
| Current Account | -430 USD Million | -0.43 USD Billion | 4Q/21 |
| Exports | 254 USD Million | 0.254 USD Billion | Feb/22 |
| External Debt | 13829 USD Million | 13.829 USD Billion | 4Q/21 |
| Foreign Exchange Reserves | 3105 USD Million | 3.105 USD Billion | Jan/22 |
| Imports | 496 USD Million | 0.496 USD Billion | Feb/22 |
| Terms of Trade | 96.8 Index Points | Jul/21 |
| Tourist Arrivals | 14971 Thousand Persons | 14.971 Million Persons | 4Q/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 1Q/22 |
| Interest Rate | 9.25 % | May/22 |
| Money Supply M0 | 1607675 AMD Million | 3.499 USD Billion | Mar/22 |
| Money Supply M1 | 1300820 AMD Million | 2.831 USD Billion | Mar/22 |
| Money Supply M2 | 2432865 AMD Million | 5.295 USD Billion | Mar/22 |
| Deposit Interest Rate | 7.75 % | Mar/22 |
| Foreign Direct Investment | 116 USD Million | 0.116 B USD | 3Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 68000 AMD/Month | 148.011 USD/Month | 2021 |
| Retirement Age Men | 63 | 2020 |
| Retirement Age Women | 63 | 2020 |
| Unemployment Rate | 14.5 % | 4Q/21 |
| Wages | 206297 AMD/Month | 449.033 USD/Month | Jul/21 |
| Employed Persons | 904 Thousand Person | 0.904 Million Person | Jun/21 |
| Labor Force Participation Rate | 59.8 % | 3Q/21 |
| Unemployed Persons | 57.9 Thousand Persons | 0.058 Million Persons | Dec/21 |
| Wages in Manufacturing | 183541 AMD/Monthl | 399.502 USD/Month | Jun/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2018 |
| Personal Income Tax Rate | 36 % | 2018 |
| Sales Tax Rate | 20 % | 2019 |
| Social Security Rate | 7 % | 2021 |
| Social Security Rate For Companies | 3.5 % | 2021 |
| Social Security Rate For Employees | 3.5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | -6.9 % | Mar/22 |
| Mining Production | -4.8 % | Dec/21 |
| Industrial Production (MoM) | -37.8 % | Jan/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 51 index points | 2Q/16 |
| Corruption Index | 49 index points | 2021 |
| Corruption Rank | 58 place | 2021 |
| Ease of Doing Business | 47 place | 2019 |
| Manufacturing Production | 8.8 % | Dec/21 |
| Competitiveness Index | 61.28 Index Points | 2019 |
| Competitiveness Rank | 69 | 2019 |
| Leading Economic Index | 6.7 % | Mar/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 42.6 index points | 2Q/16 |
| Retail Sales YoY | 6.6 % | Mar/22 |
| Consumer Credit | 834407 AMD Million | 1.816 USD Billion | Mar/22 |
| Consumer Spending | 1438475 AMD Million | 3.131 USD Billion | 4Q/21 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 8.2 % | Mar/22 |
