Key data points
Last release
—
Observation period
Q4 2025
Next release
—
Forecast
—
Highest
19.10 % on Jun 30, 2006
Lowest
−19.70 % on Sep 30, 2009
About Armenia GDP YoY
Armenia is a landlocked country without energy resources. Construction, which receives large funding from foreign direct investment and remittances, is the most important sector of the economy. As a modernization attempt, Armenia has focused on development of small scale agriculture and small and medium enterprises to replace the old soviet agro-industrial model. Nonetheless, industry and agriculture remain outperformed by services. Recent tax reforms have failed to tackle Armenia’s shadow economy and corruption problems.