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Economy of Armenia. Statistics, Data and Indicators

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Armenia
43 Credit rank #71
N/A Quality of life #
58 Corruption rank#100
47 Ease of doing business#41
Armenia


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



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