Armenia's upper-middle-income economy, with a GDP of $25.5 billion, grows steadily. Industry, including mining, and services like tourism and IT lead, with agriculture significant. Exports feature copper and gold, while imports include gas. Challenges involve unemployment and regional tensions. Recent digital expansion, foreign investment, and trade agreements boost growth. Armenia leverages its skilled workforce and strategic partnerships to enhance economic stability, focusing on technology and tourism to drive sustainable development while navigating geopolitical complexities.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Armenia GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 26 |
| 2023 | 24 |
| 2022 | 20 |
| 2021 | 14 |
| 2020 | 13 |
| 2019 | 14 |
| 2018 | 12 |
| 2017 | 12 |
| 2016 | 11 |
| 2015 | 11 |
| 2014 | 12 |
| 2013 | 11 |
| 2012 | 11 |
| 2011 | 10 |
| 2010 | 9 |