Armenia: economy and key statistics
Armenia is number 115 in the 311 Nations Index, with a GDP of $29.2 billion in 2025. GDP per person is $9,474. The economy grew by 7.2% in 2025. Unemployment is 12.9%. The economy is 61% services, 23% industry, 8% agriculture. In 311 Institute directories: 17 R&D labs, 2 startups, 1 investors.
Part of the 311 Nations Index (311institute.com). Last updated .
National power
Armenia is number 84 in the 311 National Power Index, scoring 34.7 out of 100: economic 50, technology 17, military 27 and human capital 51.
Economy at a glance
| Indicator | Latest figure | Year |
|---|---|---|
| GDP | $29.2 billion | 2025 |
| GDP (purchasing power) | $76.4 billion | 2025 |
| GDP per person | $9,474 | 2025 |
| Economic growth | +7.2% | 2025 |
| Inflation | 3.3% | 2025 |
| Unemployment | 12.9% | 2025 |
| Population | 3.1 million | 2025 |
| Labour force | 1.5 million | 2025 |
| Services share of GDP | 61% | 2025 |
| Industry share of GDP | 23% | 2025 |
| Manufacturing share of GDP | 11% | 2025 |
| Agriculture share of GDP | 8% | 2025 |
| Exports share of GDP | 48% | 2025 |
| Foreign direct investment | 2.1% of GDP | 2025 |
| High-tech share of manufactured exports | 24% | 2024 |
| R&D spending | 0.29% of GDP | 2024 |
| Internet users | 81% of people | 2024 |
Startups in Armenia
Investors in Armenia
Main export industries
Armenia exported goods worth about $13.1bn in 2024. Its biggest export industries:
- Natural, cultured pearls: $8.1bn (61.6% of goods exports)
- Electrical machinery and equipment: $1.1bn (8.4% of goods exports)
- Ores, slag and ash: $0.9bn (7.1% of goods exports)
- Tobacco and manufactured tobacco substitutes: $0.4bn (3.3% of goods exports)
- Beverages, spirits and vinegar: $0.4bn (3.1% of goods exports)
Source: UN Comtrade, goods only (services exports are not included).
Other economies in Europe
- Germany (#3)
- United Kingdom (#5)
- France (#7)
- Russia (#8)
- Italy (#9)
- Spain (#12)
- Türkiye (#16)
- Netherlands (#18)
- Switzerland (#20)
- Poland (#21)
- Belgium (#22)
- Ireland (#23)
- Sweden (#25)
- Austria (#28)
- Norway (#31)
Questions and answers
How big is the economy of Armenia?
Armenia had a GDP of $29.2 billion in 2025, ranking number 115 in the 311 Nations Index.
What is GDP per person in Armenia?
GDP per person in Armenia was $9,474 in 2025.
How fast is the economy of Armenia growing?
The economy of Armenia grew by 7.2% in 2025.
Source: World Bank, World Development Indicators (CC BY 4.0).
© 311 Institute 2026. Facts from Wikidata (CC0) and the sources linked on this page. The selection, classification and links are the proprietary work of the 311 Institute, protected by copyright and database rights.