Armenia Forecast: Real GDP Growth
1993 - 2028 | Yearly | % | International Monetary Fund
Key information about Armenia Forecast: Real GDP Growth
- Armenia Real GDP Growth is forecasted to be 5.500 % in Dec 2023 as reported by International Monetary Fund.
- It records no change from the last reported number of 12.604 % in Dec 2022.
- Looking ahead, Armenia Real GDP Growth is projected to stand at 4.500 % in Dec 2028.
- The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Gross Domestic Product: Constant Prices: YoY.
View Armenia's Forecast: Real GDP Growth from 1993 to 2028 in the chart:
What is Armenia's Forecast: Real GDP Growth in 2028?
Armenia Real GDP Growth is forecasted to be 5.500 % in Dec 2023 as reported by International Monetary Fund. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.500 2028 | 4.500 2027 | -14.150 2009 | 14.807 2002 | % | yearly | 1993 - 2028 |
Forecast: Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Afghanistan (%) | 1.750 2025 | yearly | 2004 - 2025 |
| Albania (%) | 3.400 2028 | yearly | 1980 - 2028 |
| Algeria (%) | 1.782 2028 | yearly | 1980 - 2028 |
| Andorra (%) | 1.500 2030 | yearly | 2001 - 2030 |
| Angola (%) | 4.230 2028 | yearly | 1980 - 2028 |
| Antigua and Barbuda (%) | 2.685 2027 | yearly | 1980 - 2027 |
| Argentina (%) | 2.000 2027 | yearly | 1980 - 2027 |
| Armenia (%) | 4.500 2028 | yearly | 1993 - 2028 |
| Aruba (%) | 1.336 2030 | yearly | 1987 - 2030 |
| Australia (%) | 2.279 2027 | yearly | 1980 - 2027 |
| Austria (%) | 1.527 2028 | yearly | 1980 - 2028 |
| Azerbaijan (%) | 2.572 2028 | yearly | 1993 - 2028 |
| Bahamas (%) | 1.496 2027 | yearly | 1980 - 2027 |
| Bahrain (%) | 2.733 2028 | yearly | 1980 - 2028 |
| Bangladesh (%) | 9.531 2021 | yearly | 1980 - 2021 |
| Barbados (%) | 1.840 2027 | yearly | 1980 - 2027 |
| Belarus (%) | 0.741 2028 | yearly | 1993 - 2028 |
| Belgium (%) | 1.289 2028 | yearly | 1980 - 2028 |
| Belize (%) | 2.012 2027 | yearly | 1980 - 2027 |
| Benin (%) | 5.934 2028 | yearly | 1980 - 2028 |
| Bhutan (%) | 6.462 2030 | yearly | 1980 - 2030 |
| Bolivia (%) | 3.400 2027 | yearly | 1980 - 2027 |
| Bosnia and Herzegovina (%) | 3.000 2028 | yearly | 1997 - 2028 |
| Botswana (%) | 3.957 2028 | yearly | 1980 - 2028 |
| Brazil (%) | 2.015 2028 | yearly | 1980 - 2028 |
| Brunei (%) | 2.112 2027 | yearly | 1986 - 2027 |
| Bulgaria (%) | 2.840 2028 | yearly | 1980 - 2028 |
| Burkina Faso (%) | 5.258 2027 | yearly | 1980 - 2027 |
| Burundi (%) | 4.565 2027 | yearly | 1980 - 2027 |
| Cambodia (%) | 6.500 2027 | yearly | 1988 - 2027 |
| Cameroon (%) | 4.898 2027 | yearly | 1980 - 2027 |
| Canada (%) | 1.635 2030 | yearly | 1980 - 2030 |
| Cape Verde (%) | 4.498 2027 | yearly | 1980 - 2027 |
| Central African Republic (%) | 3.347 2028 | yearly | 1980 - 2028 |
| Chad (%) | 3.508 2027 | yearly | 1980 - 2027 |
| Chile (%) | 2.459 2027 | yearly | 1980 - 2027 |
| China (%) | 3.437 2028 | yearly | 1980 - 2028 |
| Colombia (%) | 3.345 2028 | yearly | 1980 - 2028 |
| Comoros (%) | 4.342 2027 | yearly | 1980 - 2027 |
| Congo (%) | 3.980 2028 | yearly | 1980 - 2028 |
| Costa Rica (%) | 3.243 2027 | yearly | 1980 - 2027 |
| Croatia (%) | 2.800 2028 | yearly | 1993 - 2028 |
| Cyprus (%) | 2.970 2030 | yearly | 1980 - 2030 |
| Czech Republic (%) | 2.501 2027 | yearly | 1996 - 2027 |
| Democratic Republic of Congo (%) | 6.482 2028 | yearly | 1980 - 2028 |
| Denmark (%) | 1.800 2027 | yearly | 1980 - 2027 |
| Djibouti (%) | 5.000 2028 | yearly | 1992 - 2028 |
| Dominica (%) | 2.685 2028 | yearly | 1980 - 2028 |
| Dominican Republic (%) | 4.985 2028 | yearly | 1980 - 2028 |
| Ecuador (%) | 2.751 2028 | yearly | 1980 - 2028 |
| Egypt (%) | 5.984 2028 | yearly | 1980 - 2028 |
| El Salvador (%) | 1.965 2027 | yearly | 1980 - 2027 |
| Equatorial Guinea (%) | -0.981 2027 | yearly | 1980 - 2027 |
| Eritrea (%) | 2.925 2028 | yearly | 1993 - 2028 |
| Estonia (%) | 3.300 2027 | yearly | 1994 - 2027 |
| Swaziland (%) | 2.278 2027 | yearly | 1980 - 2027 |
| Ethiopia (%) | 6.953 2028 | yearly | 1980 - 2028 |
| Fiji (%) | 3.459 2028 | yearly | 1980 - 2028 |
| Finland (%) | 1.189 2030 | yearly | 1980 - 2030 |
| France (%) | 1.450 2028 | yearly | 1980 - 2028 |
| Gabon (%) | 3.809 2027 | yearly | 1981 - 2027 |
| Gambia (%) | 5.000 2027 | yearly | 1980 - 2027 |
| Georgia (%) | 5.198 2028 | yearly | 1995 - 2028 |
| Germany (%) | 1.134 2028 | yearly | 1980 - 2028 |
| Ghana (%) | 6.774 2027 | yearly | 1980 - 2027 |
| Greece (%) | 1.355 2027 | yearly | 1980 - 2027 |
| Grenada (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Guatemala (%) | 3.900 2028 | yearly | 1980 - 2028 |
| Guinea (%) | 5.187 2027 | yearly | 1980 - 2027 |
| Guinea-Bissau (%) | 5.000 2027 | yearly | 1981 - 2027 |
| Guyana (%) | 3.320 2027 | yearly | 1980 - 2027 |
| Haiti (%) | 1.500 2027 | yearly | 1980 - 2027 |
| Honduras (%) | 3.940 2027 | yearly | 1980 - 2027 |
| Hong Kong SAR, China (%) | 2.849 2027 | yearly | 1980 - 2027 |
| Hungary (%) | 3.150 2027 | yearly | 1980 - 2027 |
| Iceland (%) | 2.397 2030 | yearly | 1980 - 2030 |
| India (%) | 6.042 2029 | yearly | 1981 - 2029 |
| Indonesia (%) | 5.117 2027 | yearly | 1980 - 2027 |
| Iran (%) | 2.047 2029 | yearly | 1981 - 2029 |
| Iraq (%) | 2.625 2027 | yearly | 1999 - 2027 |
| Ireland (%) | 3.010 2027 | yearly | 1980 - 2027 |
| Israel (%) | 3.499 2027 | yearly | 1980 - 2027 |
| Italy (%) | 0.882 2028 | yearly | 1980 - 2028 |
| Ivory Coast (%) | 6.000 2028 | yearly | 1980 - 2028 |
| Jamaica (%) | 1.600 2027 | yearly | 1980 - 2027 |
| Japan (%) | 0.409 2028 | yearly | 1980 - 2028 |
| Jordan (%) | 3.300 2027 | yearly | 1980 - 2027 |
| Kazakhstan (%) | 2.778 2028 | yearly | 1993 - 2028 |
| Kenya (%) | 5.516 2027 | yearly | 1980 - 2027 |
| Kiribati (%) | 1.971 2027 | yearly | 1980 - 2027 |
| South Korea (%) | 2.340 2027 | yearly | 1980 - 2027 |
| Kosovo (%) | 3.950 2030 | yearly | 2001 - 2030 |
| Kuwait (%) | 2.655 2027 | yearly | 1980 - 2027 |
| Kyrgyzstan (%) | 3.977 2028 | yearly | 1993 - 2028 |
| Laos (%) | 4.496 2028 | yearly | 1980 - 2028 |
| Latvia (%) | 3.377 2027 | yearly | 1993 - 2027 |
| Lebanon (%) | -22.000 2020 | yearly | 1980 - 2020 |
| Lesotho (%) | 1.539 2031 | yearly | 1981 - 2031 |
| Liberia (%) | 5.680 2027 | yearly | 2001 - 2027 |
| Libya (%) | 3.588 2027 | yearly | 1980 - 2027 |
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Learn more about what we doArmenia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.4 Sep 2025 | quarterly | Dec 2002 - Sep 2025 |
| Consolidated Fiscal Balance (USD mn) | -93.374 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Tax Revenue (USD mn) | 572.039 Jan 2025 | monthly | Jan 2008 - Jan 2025 |
| Tax Revenue: % of GDP (%) | 19.2 Dec 2024 | quarterly | Mar 2008 - Dec 2024 |
| National Government Debt (USD mn) | 14,204.4 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Government Debt: % of GDP (%) | 50.0 Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Forecast: Government Expenditure (AMD bn) | 4,531.323 2030 | yearly | 2005 - 2030 |
| Forecast: Government Net Debt (AMD bn) | 8,541.739 2030 | yearly | 1996 - 2030 |
| Forecast: Government Revenue (AMD bn) | 4,103.654 2030 | yearly | 1993 - 2030 |
| Central Government Debt: Short Term (AMD bn) | 136.704 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Central Government Debt: Mid Term (AMD bn) | 1,021.808 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Central Government Debt: Long Term (AMD bn) | 4,075.061 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Consolidated Government Budget: Revenue and Grants (AMD mn) | 724,472.900 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Consolidated Government Budget: Balance (AMD mn) | -43,126.000 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Central Government Debt: Domestic (AMD bn) | 2,820.215 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| Central Government Debt: External (AMD bn) | 2,683.480 Dec 2025 | quarterly | Mar 2002 - Dec 2025 |
| Central Government Debt (AMD bn) | 5,433.476 Sep 2025 | quarterly | Mar 2002 - Sep 2025 |
| State Budget: Balance: ytd (AMD mn) | -265,416.100 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: Revenue: ytd: TP: TD: Tax: VAT (AMD mn) | 810,886.700 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: Deficit Financing: ytd (AMD mn) | 265,416.100 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: Revenue: ytd: TP: TD: Tax: Excise Tax (AMD mn) | 145,341.300 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: Expenditure: ytd: Current Expenses (CE) (AMD mn) | 2,303,903.200 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: Expenditure: ytd (AMD mn) | 2,597,548.300 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| State Budget: Revenue and Official Transfers: ytd (AMD mn) | 2,367,799.600 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| State Budget: ytd: RT: Revenue: Tax, Government Duties & Compulsory Social Insur... (AMD mn) | 2,441,852.100 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| State Budget: ytd: Expenditure: Transaction with Non Financial Assets: Non Finan... (AMD mn) | 500,588.500 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| State Budget: ytd: RT: Revenue (AMD mn) | 2,360,028.700 Oct 2025 | monthly | Jan 2008 - Oct 2025 |
| Central Government Debt: % Nominal GDP (%) | 46.700 2022 | yearly | 1999 - 2022 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 5.009 2028 | yearly | 1996 - 2028 |
| Trade Balance (USD mn) | -450.9 Dec 2025 | monthly | Nov 1995 - Dec 2025 |
| Total Exports (USD mn) | 1,031.0 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Exports Growth (%) | 36.1 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Aluminum: Exports (USD th) | 86,898.354 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 22,901.345 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 25,499.495 2024 | yearly | 1995 - 2024 |
| Total Imports (USD mn) | 1,481.9 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Imports Growth (%) | 31.0 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Imports: Medicament (USD th) | 211,653.297 2024 | yearly | 1995 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 86,362.244 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 6.877 Dec 2025 | monthly | Jun 1996 - Dec 2025 |
| Total Imports from USA (USD mn) | 26.621 Dec 2025 | monthly | Jan 1993 - Dec 2025 |
| Total Exports to China (USD mn) | 77.675 Nov 2025 | monthly | Dec 1998 - Nov 2025 |
| Total Imports from China (USD mn) | 163.858 Nov 2025 | monthly | Jun 1998 - Nov 2025 |
| Exports: Transport Means (USD th) | 141,124.876 2024 | yearly | 1995 - 2024 |
| Exports: Foodstuff (USD th) | 974,840.693 2024 | yearly | 1995 - 2024 |
| Exports: Pharmaceutical Products (USD th) | 32,085.578 2024 | yearly | 1995 - 2024 |
| Exports: Copper and Articles Thereof (USD th) | 20,144.305 2024 | yearly | 1995 - 2024 |
| Exports: Aluminium and Articles Thereof (USD th) | 95,022.468 2024 | yearly | 1995 - 2024 |
| Exports: Vehicles Other Than Railway and Parts Thereof (USD th) | 117,003.784 2024 | yearly | 1995 - 2024 |
| Exports: Machinery and Equipment (USD th) | 1,328,073.852 2024 | yearly | 1995 - 2024 |
| Exports: ow Bulgaria (USD mn) | 14.332 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Exports: ow China (USD mn) | 77.675 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Exports: ow Iran (USD mn) | 5.980 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Exports: ow Russian Federation (USD mn) | 323.697 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Exports: ow United States (USD mn) | 4.538 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Imports: Chemicals and Related Products (USD th) | 634,864.398 2024 | yearly | 1995 - 2024 |
| Imports: Transport Means (USD th) | 910,922.090 2024 | yearly | 1995 - 2024 |
| Imports: Pharmaceutical Products (USD th) | 238,508.468 2024 | yearly | 1995 - 2024 |
| Imports: Copper and Articles Thereof (USD th) | 19,833.348 2024 | yearly | 1995 - 2024 |
| Imports: Aluminium and Articles Thereof (USD th) | 123,841.483 2024 | yearly | 1995 - 2024 |
| Imports: Lead and Articles Thereof (USD th) | 134.487 2024 | yearly | 1996 - 2024 |
| Imports: Vehicles Other Than Railway and Parts Thereof (USD th) | 864,410.471 2024 | yearly | 1995 - 2024 |
| Imports: Machinery and Equipment (USD th) | 2,655,130.702 2024 | yearly | 1995 - 2024 |
| Imports: Foodstuff (USD th) | 734,887.145 2024 | yearly | 1995 - 2024 |
| Imports: ow Iran (USD mn) | 56.049 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Imports: ow Russian Federation (USD mn) | 602.530 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Imports: ow United States (USD mn) | 19.685 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Trade Balance: ytd (USD mn) | -4,639.500 Dec 2025 | monthly | Dec 1999 - Dec 2025 |
| Exports: Iron and Steel (USD th) | 84,659.900 2017 | yearly | 1995 - 2017 |
| Imports: Base Metals and Articles Thereof (USD th) | 291,969.058 2017 | yearly | 1995 - 2017 |
| Imports: Iron and Steel (USD th) | 81,128.500 2017 | yearly | 1995 - 2017 |
| Export Value Index (2015=100) | 203.490 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 165.372 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.3 Dec 2025 | monthly | Jan 2005 - Dec 2025 |
| Household Debt: % of GDP (%) | 32.5 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| Non-Performing Loans (USD mn) | 633.698 Sep 2025 | monthly | Dec 2008 - Sep 2025 |
| Money Supply M1 (USD mn) | 7,010.398 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Money Supply M2 (USD mn) | 12,981.596 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| M2 Growth (%) | 22.0 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Reserve Requirement Ratio (%) | 8.0 2024 | yearly | 2008 - 2024 |
| Foreign Exchange Reserves (USD mn) | 5,084.8 Dec 2025 | monthly | Dec 1993 - Dec 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 15.307 Sep 2025 | quarterly | Dec 2013 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 3.4 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Gold Reserves (USD mn) | 0.000 Sep 2025 | monthly | Dec 1992 - Sep 2025 |
| Total Deposits (USD mn) | 19,555.776 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Deposits Growth (%) | 15.4 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Domestic Credit (USD mn) | 24,385.2 Nov 2025 | monthly | Dec 1993 - Nov 2025 |
| Domestic Credit Growth (%) | 20.6 Nov 2025 | monthly | Dec 1994 - Nov 2025 |
| Household Debt (USD mn) | 9,784.4 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Loans (USD mn) | 20,635.602 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Total Loans Growth (%) | 23.03 Dec 2025 | monthly | Jan 2001 - Dec 2025 |
| Private Debt: % of Nominal GDP (%) | 62.22 Sep 2025 | quarterly | Dec 2000 - Sep 2025 |
| International Reserves: USD (USD mn) | 5,086.307 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| International Reserves: USD: Gold (USD mn) | 0.000 Dec 2025 | monthly | Sep 2003 - Dec 2025 |
| Money Supply: M2X: M2 (AMD mn) | 4,689,451.755 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Money Supply: M2X: M2: M1 (AMD mn) | 2,469,909.520 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Money Supply: M2X (AMD mn) | 6,593,211.170 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Money Supply: sa: M2 (AMD mn) | 4,950,661.410 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Monetary Base: sa (AMD mn) | 2,072,934.134 Dec 2025 | monthly | Jan 1995 - Dec 2025 |
| Money Supply: M2X: M2: M1: Currency in Circulation (AMD mn) | 993,953.906 Dec 2025 | monthly | Jan 2003 - Dec 2025 |
| Money Supply: sa: M1 (AMD mn) | 2,673,485.481 Dec 2025 | monthly | Jan 2002 - Dec 2025 |
| Commercial Banks Credit: Residents: Households (AMD mn) | 3,731,380.934 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Credit: Residents: Non-Financial Corporations: in AMD: Private (AMD mn) | 1,281,660.329 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Credit: Residents: Non-Financial Corporations: FC: Private (AMD mn) | 1,971,430.710 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Credit: Residents: Non Profit Organizations (AMD mn) | 177,078.213 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Credit: Residents: Enterprise (AMD mn) | 3,260,753.822 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Credit (AMD mn) | 7,869,593.291 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Loans: Residents: Mortgage (AMD mn) | 1,665,545.496 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Commercial Banks Loans: Residents: Consumer (AMD mn) | 1,807,520.176 Dec 2025 | monthly | Jan 2000 - Dec 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
More Indicators for Armenia
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