Armenia 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$24.09 billion
↑ 23.43% vs 2022GDP per Capita
$8,053.01
↑ 22.54% vs 2022GDP Growth (Annual %)
8.30%
↓ 4.30pp vs 2022Inflation Rate (CPI %)
1.98%
↓ 6.66pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $19.51 billion | $24.09 billion | +23.43% |
| GDP per Capita | $6,571.97 | $8,053.01 | +22.54% |
| GDP Growth (Annual %) | 12.60% | 8.30% | -4.30pp |
| Inflation (CPI %) | 8.64% | 1.98% | -6.66pp |
| Unemployment Rate (%) | 13.38% | 13.25% | -0.13pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $24.09 billion
- GDP per Capita
- $8,053.01
- GDP Growth (Annual %)
- 8.30%
- Gross National Income
- $23.43 billion
Prices & Employment
- Inflation (CPI %)
- 1.98%
- Inflation (GDP Deflator %)
- 2.67%
- Unemployment Rate (%)
- 13.25%
- Interest Rate (Real %)
- 9.46%
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)
- -2.31%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Armenia's Gross Domestic Product (GDP) is $24.09 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Armenia for 2023 is $8,053.01. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Armenia for 2023 is 1.98%. This measures the annual percentage change in the cost of consumer goods and services.
Armenia's annual GDP growth rate for 2023 is 8.30%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Armenia for 2023 is 13.25%. This represents the percentage of the labor force that is unemployed and actively seeking employment.