Skyline in Armenia

Armenia GDP per capita (USD)

GDP per capita in Armenia

Economic growth fell to 12.1% in Q1 from Q4’s 12.7% due to weaker growth in private spending and exports. On the flip side, growth in household consumption accelerated. In Q2, momentum likely remains upbeat: The economic activity index in April matched Q1’s growth figure as stronger trade and construction output offset a contraction in industrial production. In other news, Armenia and Azerbaijan have made significant recent progress on peace talks. Throughout May, authorities held meetings with U.S. Secretary of State Blinken, European Council President Michel and Russian President Putin. Following the talks, Armenian Prime Minister Pashinyan recognized Nagorno-Karabakh as part of Azerbaijan. These developments bode well for securing a lasting peace agreement and, consequently, for stability and trade in the country.

Armenia GDP per capita Chart

This chart displays GDP per capita (USD) for Armenia from 2013 to 2022.

Armenia GDP per capita Data

2017 2018 2019 2020 2021
GDP per capita (USD) 3,870 4,195 4,598 4,267 4,687

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