Armenia 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$12.64 billion
↓ 7.18% vs 2019GDP per Capita
$4,268.68
↓ 7.15% vs 2019GDP Growth (Annual %)
-7.20%
↓ 14.80pp vs 2019Inflation Rate (CPI %)
1.21%
↓ 0.23pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $13.62 billion | $12.64 billion | -7.18% |
| GDP per Capita | $4,597.23 | $4,268.68 | -7.15% |
| GDP Growth (Annual %) | 7.60% | -7.20% | -14.80pp |
| Inflation (CPI %) | 1.44% | 1.21% | -0.23pp |
| Unemployment Rate (%) | 18.30% | 18.18% | -0.13pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $12.64 billion
- GDP per Capita
- $4,268.68
- GDP Growth (Annual %)
- -7.20%
- Gross National Income
- $12.44 billion
Prices & Employment
- Inflation (CPI %)
- 1.21%
- Inflation (GDP Deflator %)
- 1.81%
- Unemployment Rate (%)
- 18.18%
- Interest Rate (Real %)
- 9.64%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -4.00%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Armenia's Gross Domestic Product (GDP) is $12.64 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Armenia for 2020 is $4,268.68. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Armenia for 2020 is 1.21%. This measures the annual percentage change in the cost of consumer goods and services.
Armenia's annual GDP growth rate for 2020 is -7.20%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Armenia for 2020 is 18.18%. This represents the percentage of the labor force that is unemployed and actively seeking employment.