Under the old Soviet central planning system, Armenia developed a modern industrial sector, supplying machine tools, textiles, and other manufactured goods to sister republics, in exchange for raw materials and energy. Armenia has since switched to small-scale agriculture and away from the large agro industrial complexes of the Soviet era. Armenia has only two open trade borders - Iran and Georgia - because its borders with Azerbaijan and Turkey have been closed since 1991 and 1993, respectively, as a result of Armenia's ongoing conflict with Azerbaijan over the separatist...
GDP | Reference | Last | Previous | Units | Frequency |
---|---|---|---|---|---|
Private Consumption | 2020 Q3 | 1,337,564,400,000 | 1,025,656,700,000 | AMD, NSA | Quarterly |
Nominal Gross Domestic Product | 2020 Q3 | 1,744,942,400,000 | 1,270,795,300,000 | AMD, NSA | Quarterly |
Investment | 2020 Q3 | 280,446,500,000 | 147,601,800,000 | AMD, NSA | Quarterly |
Real Gross Domestic Product | 2017 | 2,300,164,339,400 | 2,139,687,757,600 | NCU | Annual |
Real Investment | 2017 | 471,734,052,300 | 414,165,103,000 | NCU | Annual |
Nominal Fixed Investment (gross fixed capital formation) | 2017 | 964,088,600,000 | 879,566,600,000 | NCU | Annual |
Real Fixed Investment (gross fixed capital formation) | 2017 | 428,832,861,300 | 398,173,501,700 | NCU | Annual |
Government Consumption | 2017 Q1 | 143,601 | 198,573 | Mil. RUR | Quarterly |
Real Private Consumption | 2016 | 7,556,214,384 | 7,743,326,129 | 2010 USD | Annual |
Real Government Consumption | 2016 | 705,717 | 661,301 | Mil. RUR | Annual |
Price | Reference | Last | Previous | Units | Frequency |
Consumer Price Index (CPI) | Dec 2023 | 155.81 | 154.36 | 2010=100, NSA | Monthly |
Producer Price Index (PPI) | Jun 2017 | 114.55 | 113.95 | 2010=100, NSA | Monthly |
Wholesale Price Index | 2016 | 131.9 | 129.93 | Index 2010 = 100 | Annual |
Labor | Reference | Last | Previous | Units | Frequency |
Tertiary Industries Employment | 2017 | 700,240 | 703,053 | # | Annual |
Secondary Industries Employment | 2017 | 225,307 | 222,206 | # | Annual |
Agriculture Employment | 2017 | 484,209 | 477,733 | # | Annual |
Labor Force | 2017 | 1,409,757 | 1,402,993 | # | Annual |
Total Employment | 2017 Q1 | 974.5 | 1,009 | Ths. | Quarterly |
Labor Force Employment | 2017 Q1 | 974.5 | 1,009 | Ths. | Quarterly |
Unemployment | Dec 2016 | 80,700 | 80,900 | #, NSA | Monthly |
Wage & Salaries | 2016 Q3 | 67,924 | 65,486 | Mil. RUR | Quarterly |
Unemployment Rate | Jan 2012 | 5.9 | 6.2 | %, NSA | Monthly |
Trade | Reference | Last | Previous | Units | Frequency |
Current Account Balance | 2023 Q3 | -54,287,727 | -286,283,066 | USD, NSA | Quarterly |
Balance of Goods | 2023 Q3 | -686,888,494 | -767,547,302 | USD, NSA | Quarterly |
Exports of Goods | 2023 Q3 | 1,743,292,128 | 1,712,105,846 | USD, NSA | Quarterly |
Imports of Goods | 2023 Q3 | 2,430,180,623 | 2,479,653,149 | USD, NSA | Quarterly |
Net Exports | 2021 | 3,024,000,000 | 2,545,000,000 | USD | Annual |
Exports of Goods and Services | 2020 Q3 | 472,098,200,000 | 382,591,600,000 | AMD, NSA | Quarterly |
Imports of Goods and Services | 2020 Q3 | 606,300,400,000 | 500,069,600,000 | AMD, NSA | Quarterly |
Real Exports of Goods and Services | 2017 | 917,055,952,200 | 766,128,615,000 | NCU | Annual |
Real Imports of Goods and Services | 2017 | 906,286,901,500 | 714,737,304,000 | NCU | Annual |
Government | Reference | Last | Previous | Units | Frequency |
Government Expenditures | 2025 | 2,518 | 2,315 | Bil. NCU | Annual |
Outstanding Public Debt | 2025 | 5,242 | 4,938 | Bil. NCU | Annual |
Government Budget Balance | 2025 | -1.04 | -0.99 | Bil. USD | Annual |
Government Revenues | 2025 | 2,379 | 2,179 | Bil. NCU | Annual |
Gross External Debt | 2023 Q3 | 0 | 0 | USD, NSA | Quarterly |
Outstanding Public Debt - Domestic | 2023 Q3 | 2,050 | 2,050 | Mil. USD, NSA | Quarterly |
Outstanding Public Debt - Foreign | 2016 | 9,953,091,000 | 8,928,447,000 | DOD; current USD | Annual |
Markets | Reference | Last | Previous | Units | Frequency |
Money Market Rate | Jan 2024 | 9.3 | 9.57 | % p.a., NSA | Monthly |
Treasury Bills (over 31 days) | Jan 2024 | 10.69 | 10.55 | % p.a., NSA | Monthly |
Lending Rate | Jul 2017 | 6 | 6 | % - End of period | Monthly |
Average Long-term Government Bond | Jun 2017 | 9 | 8.72 | % | Monthly |
Stock Market Index | 2012 | 1,023,703 | 538,200 | USD | Annual |
Consumer | Reference | Last | Previous | Units | Frequency |
Personal Income | 2023 Q3 | -159,559,682 | -105,558,223 | USD, NSA | Quarterly |
Business | Reference | Last | Previous | Units | Frequency |
Change in Inventories | 2017 | 95,536,800,000 | 33,332,100,000 | NCU | Annual |
Real Change in Inventories | 2017 | 42,901,191,000 | 15,991,601,300 | NCU | Annual |
Industrial Production | Jun 2017 | 201.43 | 207.76 | 2010=100, NSA | Monthly |
Demographics | Reference | Last | Previous | Units | Frequency |
Population | 2020 | 2,963,234 | 2,957,728 | # | Annual |
Births | 2020 | 36,353 | 36,041 | #, NSA | Annual |
Deaths | 2020 | 36,170 | 26,186 | #, NSA | Annual |
Net Migration | 2017 | -24,989 | # | Annual | |
Birth Rate | 2016 | 13.46 | 13.81 | # per Ths. pop. | Annual |
Death Rate | 2016 | 9.69 | 9.69 | # per Ths. pop. | Annual |