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 | 13.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 13 % | 2Q/22 |
| GDP per capita | 4243 USD | 2021 |
| Inflation Rate YoY | 9.1 % | Aug/22 |
| Interest Rate | 10 % | Sep/22 |
| Unemployment Rate | 14.8 % | 1Q/22 |
| Wages | 239631 AMD/Month | 591.802 USD/Month | Jul/22 |
| Balance of Trade | -326 USD Million | -0.326 B USD | Aug/22 |
| Current Account | -284 USD Million | -0.284 B USD | 1Q/22 |
| Foreign Exchange Reserves | 3019 USD Million | 3.019 B USD | Apr/22 |
| Government Debt | 4333 AMD Billion | 10.701 B USD | 1Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 13.86 USD Billion | 2021 |
| GDP Annual Growth Rate | 13 % | 2Q/22 |
| GDP per capita | 4243 USD | 2021 |
| GDP Constant Prices | 1898760 AMD Million | 4.689 B USD | 2Q/22 |
| GDP per capita PPP | 13317 USD | 2021 |
| GDP From Agriculture | 139594 AMD Million | 0.345 B USD | 2Q/22 |
| GDP From Construction | 88568 AMD Million | 0.219 B USD | 2Q/22 |
| GDP From Manufacturing | 190435 AMD Million | 0.47 B USD | 2Q/22 |
| GDP From Mining | 99646 AMD Million | 0.246 B USD | 2Q/22 |
| GDP From Public Administration | 90634 AMD Million | 0.224 B USD | 2Q/22 |
| GDP From Services | 36321 AMD Million | 0.09 B USD | 2Q/22 |
| GDP From Transport | 60472 AMD Million | 0.149 B USD | 2Q/22 |
| GDP From Utilities | 7093 AMD Million | 0.018 B USD | 2Q/22 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 62.79 % | 2020 |
| Government Budget Value | 45311 AMD Billion | 111.902 USD Billion | 2Q/22 |
| Government Spending | 250992 AMD Million | 0.62 USD Billion | 2Q/22 |
| Government Debt | 4333 AMD Billion | 10.701 USD Billion | 1Q/22 |
| Government Revenues | 572313 AMD Billion | 1413.405 USD Billion | 2Q/22 |
| Fiscal Expenditure | 527002 AMD Million | 1.302 B USD | 2Q/22 |
| Government Budget to GDP | -4 % | 2021 |
| Military Expenditure | 635 USD Million | 0.635 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 152 index points | Aug/22 |
| Export Prices | 104 index points | Jul/22 |
| Food Inflation | 12.5 % | Aug/22 |
| Import Prices | 98.6 index points | Jul/22 |
| Inflation Rate YoY | 9.1 % | Aug/22 |
| Producer Prices | 98.2 index points | Aug/22 |
| Inflation Rate Mom | 0.19 % | Aug/22 |
| Core Consumer Prices | 100 Index Points | Aug/22 |
| Core Inflation Rate | 10.1 % | Jul/22 |
| Producer Prices Change | -3.5 % | Aug/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -2.5 % | 2021 |
| Balance of Trade | -326 USD Million | -0.326 USD Billion | Aug/22 |
| Capital Flows | -267 USD Million | -0.267 USD Billion | 1Q/22 |
| Current Account | -284 USD Million | -0.284 USD Billion | 1Q/22 |
| Exports | 561 USD Million | 0.561 USD Billion | Aug/22 |
| External Debt | 13443 USD Million | 13.443 USD Billion | 1Q/22 |
| Foreign Exchange Reserves | 3019 USD Million | 3.019 USD Billion | Apr/22 |
| Imports | 887 USD Million | 0.887 USD Billion | Aug/22 |
| Terms of Trade | 105 Index Points | Jul/22 |
| Tourist Arrivals | 249361 Thousand Persons | 249.361 Million Persons | 1Q/22 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 2Q/22 |
| Interest Rate | 10 % | Sep/22 |
| Money Supply M0 | 1667716 AMD Million | 4.119 USD Billion | Jul/22 |
| Money Supply M1 | 1392796 AMD Million | 3.44 USD Billion | Jul/22 |
| Money Supply M2 | 2493643 AMD Million | 6.158 USD Billion | Jul/22 |
| Deposit Interest Rate | 8.5 % | Sep/22 |
| Foreign Direct Investment | 365 USD Million | 0.365 B USD | 1Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 68000 AMD/Month | 167.935 USD/Month | 2022 |
| Retirement Age Men | 65 | 2022 |
| Retirement Age Women | 63 | 2022 |
| Unemployment Rate | 14.8 % | 1Q/22 |
| Wages | 239631 AMD/Month | 591.802 USD/Month | Jul/22 |
| Employed Persons | 840 Thousand Person | 0.84 Million Person | Jul/22 |
| Labor Force Participation Rate | 58.5 % | 4Q/21 |
| Unemployed Persons | 52 Thousand Persons | 0.052 Million Persons | Jul/22 |
| Wages in Manufacturing | 182026 AMD/Monthl | 449.538 USD/Month | Mar/22 |
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 | 23.3 % | Aug/22 |
| Mining Production | -29 % | Mar/22 |
| Industrial Production (MoM) | -3.2 % | Jul/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 | 3.6 % | Mar/22 |
| Competitiveness Index | 61.28 Index Points | 2019 |
| Competitiveness Rank | 69 | 2019 |
| Leading Economic Index | 18.5 % | Aug/22 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 42.6 index points | 2Q/16 |
| Retail Sales YoY | 20 % | Aug/22 |
| Consumer Credit | 830014 AMD Million | 2.05 USD Billion | Jul/22 |
| Consumer Spending | 1425349 AMD Million | 3.52 USD Billion | 2Q/22 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 16.3 % | Aug/22 |
