Economy of Armenia. Statistics, Data and Indicators
Armenia
| 43 | Credit rank #71 |
| N/A | Quality of life # |
| 60 | 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 | -3.3 % | 1Q/21 |
| GDP per capita | 4364 USD | 2020 |
| Inflation Rate YoY | 6.5 % | Jun/21 |
| Interest Rate | 6.5 % | Jun/21 |
| Unemployment Rate | 17 % | 1Q/21 |
| Wages | 197298 AMD/Month | 397.211 USD/Month | May/21 |
| Balance of Trade | -160 USD Million | -0.16 B USD | May/21 |
| Current Account | -82.35 USD Million | -0.082 B USD | 1Q/21 |
| Foreign Exchange Reserves | 2952 USD Million | 2.952 B USD | Apr/21 |
| Government Debt | 4329 AMD Billion | 8.715 B USD | 1Q/21 |
GDP
12.65
USD Billion
#135 from 174 countries
GDP per capita
4364
USD
#99 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 12.65 USD Billion | 2020 |
| GDP Annual Growth Rate | -3.3 % | 1Q/21 |
| GDP per capita | 4364 USD | 2020 |
| GDP Constant Prices | 1284086 AMD Million | 2.585 B USD | 1Q/21 |
| GDP per capita PPP | 12593 USD | 2020 |
| GDP From Agriculture | 56351 AMD Million | 0.113 B USD | 1Q/21 |
| GDP From Construction | 46599 AMD Million | 0.094 B USD | 1Q/21 |
| GDP From Manufacturing | 128061 AMD Million | 0.258 B USD | 1Q/21 |
| GDP From Mining | 58131 AMD Million | 0.117 B USD | 1Q/21 |
| GDP From Public Administration | 69755 AMD Million | 0.14 B USD | 1Q/21 |
| GDP From Services | 18335 AMD Million | 0.037 B USD | 1Q/21 |
| GDP From Transport | 26504 AMD Million | 0.053 B USD | 1Q/21 |
| GDP From Utilities | 6082 AMD Million | 0.012 B USD | 1Q/21 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 45.6 % | 2019 |
| Government Budget Value | -50626 AMD Billion | -101.923 USD Billion | 1Q/21 |
| Government Spending | 188026 AMD Million | 0.379 USD Billion | 1Q/21 |
| Government Debt | 4329 AMD Billion | 8.715 USD Billion | 1Q/21 |
| Government Revenues | 362088 AMD Billion | 728.974 USD Billion | 1Q/21 |
| Fiscal Expenditure | 412714 AMD Million | 0.831 B USD | 1Q/21 |
| Government Budget to GDP | -1 % | 2019 |
| Military Expenditure | 635 USD Million | 0.635 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 140 index points | Jun/21 |
| Export Prices | 107 index points | May/21 |
| Food Inflation | 7.5 % | May/21 |
| Import Prices | 102 index points | May/21 |
| Inflation Rate YoY | 6.5 % | Jun/21 |
| Producer Prices | 101 index points | May/21 |
| Inflation Rate Mom | -0.8 % | Jun/21 |
| Core Consumer Prices | 100 Index Points | May/21 |
| Core Inflation Rate | 7.4 % | May/21 |
| Producer Prices Change | 12.5 % | May/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -7.2 % | 2019 |
| Balance of Trade | -160 USD Million | -0.16 USD Billion | May/21 |
| Capital Flows | 27.6 USD Million | 0.028 USD Billion | 4Q/20 |
| Current Account | -82.35 USD Million | -0.082 USD Billion | 1Q/21 |
| Exports | 243 USD Million | 0.243 USD Billion | Apr/21 |
| External Debt | 13092 USD Million | 13.092 USD Billion | 1Q/21 |
| Foreign Exchange Reserves | 2952 USD Million | 2.952 USD Billion | Apr/21 |
| Imports | 414 USD Million | 0.414 USD Billion | Apr/21 |
| Terms of Trade | 105 Index Points | May/21 |
| Tourist Arrivals | 47.48 Thousand Persons | 0.047 Million Persons | 4Q/20 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0 Tonnes | 1Q/21 |
| Interest Rate | 6.5 % | Jun/21 |
| Money Supply M0 | 1658396 AMD Million | 3.339 USD Billion | May/21 |
| Money Supply M1 | 1199025 AMD Million | 2.414 USD Billion | May/21 |
| Money Supply M2 | 2171939 AMD Million | 4.373 USD Billion | May/21 |
| Deposit Interest Rate | 8.02 % | Jun/21 |
| Foreign Direct Investment | -2.7 USD Million | -0.003 B USD | 4Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Minimum Wages | 68000 AMD/Month | 136.901 USD/Month | 2020 |
| Retirement Age Men | 63 | 2020 |
| Retirement Age Women | 63 | 2020 |
| Unemployment Rate | 17 % | 1Q/21 |
| Wages | 197298 AMD/Month | 397.211 USD/Month | May/21 |
| Employed Persons | 779 Thousand Person | 0.779 Million Person | May/21 |
| Labor Force Participation Rate | 56.2 % | 1Q/21 |
| Unemployed Persons | 62 Thousand Persons | 0.062 Million Persons | May/21 |
| Wages in Manufacturing | 173287 AMD/Monthl | 348.87 USD/Month | May/21 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2018 |
| Personal Income Tax Rate | 36 % | 2018 |
| Sales Tax Rate | 20 % | 2019 |
| Social Security Rate | 5 % | 2020 |
| Social Security Rate For Companies | 2.5 % | 2020 |
| Social Security Rate For Employees | 2.5 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Industrial Production | 7.9 % | May/21 |
| Mining Production | 19.1 % | Mar/21 |
| Industrial Production (MoM) | 2.1 % | Apr/21 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Business Confidence | 51 index points | 2Q/16 |
| Corruption Index | 49 index points | 2020 |
| Corruption Rank | 60 place | 2020 |
| Ease of Doing Business | 47 place | 2019 |
| Manufacturing Production | -4.2 % | Mar/21 |
| Competitiveness Index | 61.28 Index Points | 2019 |
| Competitiveness Rank | 69 | 2019 |
| Leading Economic Index | 10.9 % | May/21 |
Consumer Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Confidence | 42.6 index points | 2Q/16 |
| Retail Sales YoY | 17.6 % | May/21 |
| Consumer Credit | 893515 AMD Million | 1.799 USD Billion | May/21 |
| Consumer Spending | 1063538 AMD Million | 2.141 USD Billion | 1Q/21 |
Housing Market
| Indicator | Data | Period |
|---|---|---|
| Construction Output | 0.5 % | May/21 |
Government Debt
8.715
USD Billion
#53 from 65 countries
Balance of Trade
-0.16
USD Billion
#97 from 173 countries
Gold Reserves
0
Tonnes
#111 from 114 countries
Foreign Exchange Reserves
2.952
USD Billion
#94 from
114 countries
Government Budget Value
-101.923
USD Billion
#1 from 113 countries
Inflation Rate
6.5
%
#134 from
174 countries
Interest Rate
6.5
%
#59 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
17
%
#15 from
171 countries
Wages
397.211
USD/Month
#70 from
82 countries
Retirement Age
63
63
men
women
Taxes
20%
36%
company profits
income of individuals
