Armenia Private Consumption: % of GDP
Key information about Armenia Private Consumption: % of GDP
- Armenia Private Consumption accounted for 55.1 % of its Nominal GDP in Dec 2023, compared with a ratio of 64.7 % in the previous quarter.
- Armenia Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Dec 1994 to Dec 2023, with an average share of 83.0 %.
- The data reached an all-time high of 143.0 % in Mar 1995 and a record low of 55.1 % in Dec 2023.
CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Private Consumption Expenditure is calculated as the sum of Household and NPISHs Consumption. Statistical Committee of the Republic of Armenia provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on SNA 2008. Private Consumption as % of Nominal GDP prior to Q1 2013 is based on SNA 1993 and prior to Q1 2000 is sourced from the International Monetary Fund.
Related information about Armenia Private Consumption: % of GDP
- In the latest reports, Armenia GDP expanded 12.1 % YoY in Mar 2023.
- Its Nominal GDP reached 4.6 USD bn in Mar 2023.
- Armenia GDP Per Capita reached 6,572.2 USD in Dec 2022.
- Its Gross Savings Rate was measured at 28.8 % in Dec 2023.
View Armenia's Private Consumption: % of GDP from Dec 1994 to Dec 2023 in the chart:
What was Armenia's Private Consumption: % of GDP in Dec 2023?
Armenia Private Consumption accounted for 55.1 % of its Nominal GDP in Dec 2023, compared with a ratio of 64.7 % in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
55.1 Dec 2023 | 64.7 Sep 2023 | 55.1 Dec 2023 | 143.0 Mar 1995 | % | quarterly | Dec 1994 - Dec 2023 |
Private Consumption: % of GDP by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 73.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Algeria (%) | 43.6 2022 | yearly | 1950 - 2022 |
Argentina (%) | 64.0 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Armenia (%) | 55.1 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 49.8 Jun 2023 | quarterly | Sep 1959 - Jun 2023 |
Austria (%) | 51.5 Dec 2023 | quarterly | Mar 1988 - Dec 2023 |
Azerbaijan (%) | 44.0 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
Bahrain (%) | 39.1 2021 | yearly | 1975 - 2021 |
Bangladesh (%) | 69.1 2022 | yearly | 1973 - 2022 |
Belarus (%) | 53.5 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Belgium (%) | 51.6 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Bolivia (%) | 65.7 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | 63.6 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Botswana (%) | 43.9 Sep 2023 | quarterly | Mar 2006 - Sep 2023 |
Brazil (%) | 63.9 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
Brunei (%) | 27.6 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Bulgaria (%) | 62.6 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Cambodia (%) | 61.6 2022 | yearly | 1993 - 2022 |
Canada (%) | 54.7 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
Chile (%) | 65.2 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
China (%) | 38.2 2021 | yearly | 1952 - 2021 |
Colombia (%) | 80.1 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Croatia (%) | 63.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | 59.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Czech Republic (%) | 45.9 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Denmark (%) | 46.1 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 63.1 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Egypt (%) | 78.8 Jun 2023 | quarterly | Sep 2001 - Jun 2023 |
Estonia (%) | 52.8 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
European Union (%) | 52.9 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Finland (%) | 52.0 Jun 2023 | quarterly | Mar 1975 - Jun 2023 |
France (%) | 53.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Georgia (%) | 64.1 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Germany (%) | 50.1 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Ghana (%) | 77.4 2022 | yearly | 2006 - 2022 |
Greece (%) | 66.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Hong Kong SAR, China (%) | 69.5 Dec 2023 | quarterly | Mar 1973 - Dec 2023 |
Hungary (%) | 50.3 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Iceland (%) | 52.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | 63.6 Dec 2023 | quarterly | Jun 1996 - Dec 2023 |
Indonesia (%) | 55.2 Dec 2023 | quarterly | Mar 1993 - Dec 2023 |
Iran (%) | 45.2 Mar 2022 | quarterly | Jun 1988 - Mar 2022 |
Ireland (%) | 32.2 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 45.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 58.6 Dec 2022 | quarterly | Mar 1980 - Dec 2022 |
Ivory Coast (%) | 67.7 2022 | yearly | 1960 - 2022 |
Japan (%) | 53.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Jordan (%) | 85.5 2022 | yearly | 1962 - 2022 |
Kazakhstan (%) | 46.5 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Kenya (%) | 75.6 2022 | yearly | 1969 - 2022 |
South Korea (%) | 48.1 Dec 2023 | quarterly | Mar 1960 - Dec 2023 |
Kosovo (%) | 72.5 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
Kuwait (%) | 41.4 2019 | yearly | 1962 - 2019 |
Kyrgyzstan (%) | 103.0 Sep 2023 | quarterly | Mar 2000 - Sep 2023 |
Laos (%) | 64.4 2016 | yearly | 2000 - 2016 |
Latvia (%) | 60.5 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Lebanon (%) | 106.0 2020 | yearly | 1990 - 2020 |
Lithuania (%) | 60.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Luxembourg (%) | 31.2 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Macau SAR, China (%) | 26.7 Dec 2023 | quarterly | Mar 1998 - Dec 2023 |
North Macedonia (%) | 67.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
Malawi (%) | 79.2 2019 | yearly | 1960 - 2019 |
Malaysia (%) | 59.1 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Malta (%) | 43.5 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Mauritius (%) | 70.6 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Mexico (%) | 69.8 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Moldova (%) | 90.7 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mongolia (%) | 41.6 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Montenegro (%) | 60.2 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Morocco (%) | 58.5 Jun 2023 | quarterly | Mar 2007 - Jun 2023 |
Mozambique (%) | 75.2 2022 | yearly | 1969 - 2022 |
Nepal (%) | 88.2 2023 | yearly | 1975 - 2023 |
Netherlands (%) | 42.5 Dec 2023 | quarterly | Mar 1977 - Dec 2023 |
New Zealand (%) | 60.0 Sep 2023 | quarterly | Jun 1987 - Sep 2023 |
Nigeria (%) | 65.0 2022 | yearly | 1981 - 2022 |
Norway (%) | 37.5 Dec 2023 | quarterly | Mar 1978 - Dec 2023 |
Oman (%) | 34.3 2022 | yearly | 1980 - 2022 |
Pakistan (%) | 84.2 2023 | yearly | 1967 - 2023 |
Palestinian Territory (%) | 102.0 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Panama (%) | 50.5 2021 | yearly | 1996 - 2021 |
Paraguay (%) | 67.7 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Peru (%) | 59.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Philippines (%) | 75.6 Dec 2023 | quarterly | Mar 1981 - Dec 2023 |
Poland (%) | 51.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Portugal (%) | 58.4 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Qatar (%) | 20.6 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
Romania (%) | 64.4 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 49.5 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Saudi Arabia (%) | 40.1 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
Serbia (%) | 66.2 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Singapore (%) | 31.3 2023 | yearly | 1960 - 2023 |
Slovakia (%) | 61.9 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
Slovenia (%) | 54.0 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
South Africa (%) | 62.8 Jun 2023 | quarterly | Mar 1960 - Jun 2023 |
Spain (%) | 53.5 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Sri Lanka (%) | 60.1 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Sudan (%) | 77.8 2016 | yearly | 1976 - 2016 |
Sweden (%) | 42.4 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 51.7 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Syria (%) | 128.6 2021 | yearly | 1970 - 2021 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -1.9 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
Consolidated Fiscal Balance (USD mn) | -311.868 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
Tax Revenue (USD mn) | 641.330 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
Tax Revenue: % of GDP (%) | 25.1 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
National Government Debt (USD mn) | 11,845.3 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Government Debt: % of GDP (%) | 50.5 Dec 2023 | quarterly | Dec 2013 - Dec 2023 |
Forecast: Government Expenditure (AMD bn) | 4,073.820 2028 | yearly | 2005 - 2028 |
Forecast: Government Net Debt (AMD bn) | 7,215.100 2028 | yearly | 1996 - 2028 |
Forecast: Government Revenue (AMD bn) | 3,807.300 2028 | yearly | 1993 - 2028 |
Consolidated Government Budget: Revenue and Grants (AMD mn) | 568,052.900 Sep 2023 | quarterly | Mar 2002 - Sep 2023 |
Consolidated Government Budget: Balance (AMD mn) | 74,879.700 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
State Budget: Revenue: ytd: TP: TD: Tax: Excise Tax (AMD mn) | 149,446.000 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Expenditure: ytd: Current Expenses (CE) (AMD mn) | 2,075,035.300 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Expenditure: ytd (AMD mn) | 2,547,624.800 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Balance: ytd (AMD mn) | -188,891.300 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Revenue: ytd: TP: TD: Tax: VAT (AMD mn) | 767,173.500 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Revenue and Official Transfers: ytd (AMD mn) | 2,358,733.500 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: Deficit Financing: ytd (AMD mn) | 188,891.300 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: ytd: Expenditure: Transaction with Non Financial Assets: Non Finan... (AMD mn) | 494,353.900 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
State Budget: ytd: RT: Revenue (AMD mn) | 2,345,640.000 Dec 2023 | monthly | Jan 2008 - Dec 2023 |
Central Government Debt: Short Term (AMD bn) | 124.663 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
Central Government Debt: Mid Term (AMD bn) | 599.740 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
Central Government Debt: Long Term (AMD bn) | 3,448.421 Jun 2023 | quarterly | Mar 2002 - Jun 2023 |
Central Government Debt: External (AMD bn) | 2,631.694 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Central Government Debt (AMD bn) | 4,794.860 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Central Government Debt: Domestic (AMD bn) | 2,163.166 Dec 2023 | quarterly | Mar 2002 - Dec 2023 |
Central Government Debt: % Nominal GDP (%) | 60.300 2021 | yearly | 1999 - 2021 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 5.009 2028 | yearly | 1996 - 2028 |
Trade Balance (USD mn) | -98.2 Nov 2023 | monthly | Nov 1995 - Nov 2023 |
Total Exports (USD mn) | 934.1 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Exports Growth (%) | 95.3 Nov 2023 | monthly | Jan 2001 - Nov 2023 |
Aluminum: Exports (USD th) | 137,316.893 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 15,645.987 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 12,819.576 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 1,211.6 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Imports Growth (%) | 34.8 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
Imports: Medicament (USD th) | 155,783.749 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 61,751.003 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 4.813 Dec 2023 | monthly | Jun 1996 - Dec 2023 |
Total Imports from USA (USD mn) | 79.211 Jun 2023 | monthly | Jan 1993 - Jun 2023 |
Total Exports to China (USD mn) | 45.335 Dec 2023 | monthly | Dec 1998 - Dec 2023 |
Total Imports from China (USD mn) | 157.578 Jun 2023 | monthly | Jun 1998 - Jun 2023 |
Trade Balance: ytd (USD mn) | -277.500 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
Exports: Iron and Steel (USD th) | 84,659.900 2017 | yearly | 1995 - 2017 |
Exports: ow Bulgaria (USD mn) | 1.203 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: ow China (USD mn) | 45.335 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: ow Iran (USD mn) | 6.699 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Exports: ow Russian Federation (USD mn) | 245.709 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
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 |
Imports: ow Iran (USD mn) | 56.861 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Imports: ow Russian Federation (USD mn) | 720.894 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 2.4 Dec 2023 | monthly | Jan 2005 - Dec 2023 |
Household Debt: % of GDP (%) | 25.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Non-Performing Loans (USD mn) | 553.525 Nov 2023 | monthly | Dec 2008 - Nov 2023 |
Money Supply M1 (USD mn) | 4,680.065 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
Money Supply M2 (USD mn) | 8,066.055 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
M2 Growth (%) | 20.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
Reserve Requirement Ratio (%) | 8.0 2021 | yearly | 2008 - 2021 |
Foreign Exchange Reserves (USD mn) | 3,601.2 Dec 2023 | monthly | Dec 1993 - Dec 2023 |
Foreign Exchange Reserves: % of GDP (%) | 14.897 Dec 2023 | quarterly | Dec 2013 - Dec 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 2.9 Nov 2023 | monthly | Jan 2000 - Nov 2023 |
Gold Reserves (USD mn) | 0.000 Dec 2023 | monthly | Dec 1992 - Dec 2023 |
Total Deposits (USD mn) | 13,765.390 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Deposits Growth (%) | 9.4 Jan 2024 | monthly | Jan 2001 - Jan 2024 |
Domestic Credit (USD mn) | 16,284.9 Dec 2023 | monthly | Dec 1993 - Dec 2023 |
Domestic Credit Growth (%) | 17.7 Dec 2023 | monthly | Dec 1994 - Dec 2023 |
Household Debt (USD mn) | 6,027.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Total Loans (USD mn) | 12,724.152 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Total Loans Growth (%) | 22.36 Dec 2023 | monthly | Jan 2001 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 48.46 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Money Supply: M2X (AMD mn) | 5,066,086.372 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Money Supply: sa: M2 (AMD mn) | 3,247,797.000 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
Money Supply: M2X: M2 (AMD mn) | 3,410,105.843 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
Money Supply: M2X: M2: M1 (AMD mn) | 1,914,992.912 Jan 2024 | monthly | Jan 2003 - Jan 2024 |
Money Supply: sa: M1 (AMD mn) | 1,884,428.000 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
Monetary Base: sa (AMD mn) | 1,685,413.000 Nov 2023 | monthly | Jan 2002 - Nov 2023 |
Money Supply: M2X: M2: M1: Currency in Circulation (AMD mn) | 778,133.210 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
International Reserves: USD (USD mn) | 3,601.917 Dec 2023 | monthly | Jan 2003 - Dec 2023 |
International Reserves: USD: Gold (USD mn) | 0.000 Dec 2023 | monthly | Sep 2003 - Dec 2023 |
Commercial Banks Credit: Residents: Enterprise (AMD mn) | 2,197,681.974 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Commercial Banks Credit (AMD mn) | 5,150,609.425 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Commercial Banks Credit: Residents: Households (AMD mn) | 2,402,702.616 Dec 2023 | monthly | Jan 2000 - Dec 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
Business Climate Indicator: sa: Industry (%) | 53.719 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
Business Climate Indicator: sa: Construction (%) | 38.971 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
Business Climate Indicator: sa: Trade (%) | 57.637 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
Business Climate Indicator: sa: Services (%) | 51.136 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
Business Climate Indicator: sa (%) | 51.023 Jun 2016 | quarterly | Sep 2005 - Jun 2016 |
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