Armenia: economy

What is the inflation rate in Armenia?

Consumer prices in Armenia were 4.3% higher in September 2026 than in September 2025, according to the Statistical Committee (Armstat) consumer price index release published on 5 October 2026. Prices rose 0.2% on August. Over January to September 2026, prices averaged 4.5% above the same months of 2025.

The consumer price index tracks the cost of a fixed basket of goods and services bought by households. The annual rate compares one month with the same month a year earlier; the monthly rate shows the most recent change. The Central Bank of Armenia also shows 4.3% as annual inflation for September 2026.

Official sources: Armstat: Consumer price index, September 2026 (PDF) · Armstat: news release on the consumer price index · Central Bank of Armenia home page

How fast is Armenia's economy growing?

Armenia's GDP was 2,834.9 billion dram in the second quarter of 2026, 6.7% above the same quarter of 2025 on the comparison published by Armstat in its GDP indicator table. In the first quarter, GDP was 5.2% above a year earlier. For the whole of 2025, GDP was 11,342.7 billion dram, 7.1% above 2024.

The quarterly values are at current prices, while the year-on-year percentages compare each period with the same period of the previous year. Armstat compiles GDP under the System of National Accounts 2008.

Official sources: Armstat: Gross Domestic Product at market prices

What is Armenia's economic activity index?

Armenia's indicator of economic activity for August 2026 was 5.2% above August 2025, according to Armstat's economic activity table. For January to August 2026 the indicator was 7.3% above the same months of 2025. For the whole of 2025 it was 9.1% above 2024.

The indicator of economic activity is a monthly measure of output across the main sectors of the economy. It is published sooner than quarterly GDP, so it gives an early reading of the direction of the economy. It is not the same as GDP and can differ from the quarterly estimate.

Official sources: Armstat: Indicator of economic activity

What is Armenia's GDP per capita?

Armenia's GDP per person was 9,474 US dollars in 2025, according to World Bank Open Data.

GDP per capita is gross domestic product divided by the mid-year population. This series is in current US dollars, so it moves with the exchange rate of the dram as well as with output and prices. It does not account for differences in price levels between countries; the World Bank publishes a separate series at purchasing power parity for that comparison. It is an average and does not show how income is distributed across households.

Official sources: World Bank: GDP per capita (current US$), Armenia

How much does Armenia export?

Armenia exported goods worth 573.5 million US dollars in August 2026, according to Armstat's export table. Exports for January to August 2026 totalled 4,623.9 million dollars, 93.5% of the value in the same months of 2025. Exports for the whole of 2025 were 8,311.4 million dollars.

The figures cover trade in goods recorded by customs and are given in US dollars at current prices. A value of 93.5% means exports in the first eight months of 2026 were 6.5% lower than a year earlier. Armstat publishes imports and total trade turnover in companion tables.

Official sources: Armstat: Export

What is the Central Bank of Armenia interest rate?

The Central Bank of Armenia's policy rate was 6.75%, as shown on the bank's home page on 15 October 2026. The same page gives annual inflation for September 2026 as 4.3%.

The policy rate, also called the refinancing rate, is the rate at which the central bank lends to commercial banks for short periods. Changes in it feed through to the rates banks charge on loans and pay on deposits. The Central Bank of Armenia sets the rate to steer inflation towards its target and announces each decision on its website.

Official sources: Central Bank of Armenia home page

How fast is Armenia's economy growing?

The World Bank puts real GDP growth in Armenia at 7.2% in 2025. The peak was 13.9% in 2005 and the low -14.1% in 2009. Across Europe & Central Asia the middle value was 2.1%, and Armenia placed 6th highest of 49. Worldwide: 16th of 180.

What is GDP per capita in Armenia?

In 2025, GDP per person in Armenia was $9,474, according to the World Bank. That is the highest since at least 2005. It is 42nd highest of 49 in Europe & Central Asia, where the median is $28,420. Worldwide: 82nd of 180.

What is Armenia's GDP per person adjusted for prices?

In 2025, GDP per person at purchasing power parity in Armenia was $24,754 in international dollars, according to the World Bank. It is the top of the series, which starts in 2005. Europe & Central Asia median: $50,946 in international dollars; Armenia is 43rd highest of 49. Worldwide: 77th of 179.

How big are Armenia's exports?

According to the World Bank, exports of goods and services in Armenia was 48.1% of GDP in 2025. Since 2005 it has ranged from 14.3% of GDP (2008) to 73.6% of GDP (2024). Across Europe & Central Asia the middle value was 47.7% of GDP, and Armenia placed 22nd highest of 46. Of 133 countries with 2025 data, 37th highest.

What is Armenia's current account balance?

-8.7% of GDP: that is the current account balance in Armenia for 2025, according to the IMF, a deficit. The peak was -0.4% of GDP in 2022 and the low -16.5% of GDP in 2009. Across Europe & Central Asia the middle value was -0.3% of GDP, and Armenia placed 44th highest of 47. World rank, highest first: 116th of 132.

How much foreign investment does Armenia receive?

The IMF puts net inflows of foreign direct investment in Armenia at 2.4% of GDP in 2025. The peak was 8.8% of GDP in 2009 and the low 0.4% of GDP in 2024. Across Europe & Central Asia the middle value was 1.9% of GDP, and Armenia placed 20th highest of 49. World rank, highest first: 78th of 179.

How high are loan rates in Armenia?

13.8%: that is the average bank lending rate in Armenia for 2025, according to the IMF. Its high point since 2005 was 2010, at 19.2%; its low point was 2020, at 11.6%. Europe & Central Asia median: 8.0%; Armenia is 4th highest of 17. Worldwide: 19th of 73.