Armenia

1980

2026

2030

Armenia

1980

2026

2030

Armenia Economic Statistics (2026)

What to know

GDP per capita (PPP) in 2026: $25,662—an upper-middle income level.

The economy has grown at an average rate of 7.0% over the past 5 years.

Key statistics for 2026

GDP per capita (PPP)

$25,662

GDP growth

+4.9%

Inflation rate

2.8%

Unemployment

13.3%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

How fast is the economy growing?

Total economic output and annual growth rate

Total GDP is $29 billion, with steady growth of 4.9% in 2026.

Living Standards

How wealthy are citizens on average?

Average economic output per person

GDP per capita is $9,393 in nominal terms, but $25,662 when adjusted for local purchasing power—indicating lower prices than in the US.

Prices & Employment

How high is unemployment?

Consumer price inflation and labor market conditions

The economy is experiencing moderate inflation at 2.8% and high unemployment at 13.3%.

Government Finances

How sustainable are public finances?

Government debt, revenue, and expenditure as percentage of GDP

Government debt is moderate at 54% of GDP. The government spends more than it collects (revenue: 25.4%, expenditure: 29.9% of GDP).

External & Fiscal Balance

What is the external and fiscal balance?

Fiscal balance and current account as percentage of GDP

The country is running a fiscal deficit of 4.5% and a current account deficit of 4.7% of GDP.

The bottom line

Armenia has an upper-middle income economy with GDP per capita (PPP) of $26k. The economy has been growing rapidly, averaging 7.0% annually. Unemployment is elevated at 13.3%.