National Accounts
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BoP and Foreign Trade
Prices and Rates
Monetary Survey

 

National Accounts

In this subsection, data on economic growth and nominal GDP of Armenia by major sectors of economy,  by expenditures (use side) and by sources of incomes are presented.

Data source: National Statistical Service of the Republic of Armenia

Calculations and data processing: Economic Development and Research Center (EDRC)

Data were updated on May 05, 2017.

* Data for 1991 are in billion USSR Rubles


 

Figure 1. Economic growth in Armenia
Figure 2. Index of economic growth in main sectors of economy
Table 1. Economic growth in main sectors of economy
Table 2. GDP growth rate by expenditure components
Table 3. Nominal GDP by main sectors of economy
Table 4. Nominal GDP by expenditure components
Table 5. Nominal GDP by income components

 

 

Figure 1. Economic growth in Armenia

 

Figure 2. Index of economic growth in main sectors of economy (1990=100%)

 

Table 1. Economic growth in main sectors of economy, % against previous year

 

1991

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

GDP

-11.7

6.9

5.9

13.9

6.9

-14.1

2.2

4.7

7.2

3.3

3.6

3.2

0.2

Industry

-4.0

2.6

6.6

5.6

2.1

-5.2

8.9

13.6

6.3

6.3

-0.9

6.2

4.8

Agriculture

-2.3

3.9

-1.0

11.2

3.3

5.9

-16.0

14.0

9.5

7.6

6.1

13.2

-5.8

Construction

-24.7

-5.8

28.9

27.9

11.3

-41.6

3.3

-12.2

4.8

-7.4

-4.5

-3.1

-10.8

Trade

-20.6

73.0

8.8

13.4

8.0

-5.3

3.4

4.8

4.8

1.8

3.4

-8.3

1.2

Services

-8.5

5.2

1.0

15.4

3.5

-3.8

5.3

6.7

8.0

3.1

7.8

4.0

4.8

Other

-34.2

-

19.1

13.5

18.4

-24.5

12.4

-2.4

8.2

5.6

0.9

-3.4

-5.4

 

Table 2. GDP growth rate by expenditure components, % against previous year

 

1991

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

GDP

-11.7

6.9

5.9

13.9

6.9

-14.1

2.2

4.7

7.2

3.3

3.6

3.2

0.2

Final Consumption

-2.6

8

7.7

9.9

4.5

-4

3.9

2.6

7.7

1.6

0.7

-6.2

1.5

Households

-4.2

9.1

8.3

8.8

5.4

-4.5

3.8

2.4

9.1

0.9

1.0

-7.8

1.0

Non-profit institutions

-67.9

-24.5

8.4

-6.5

15.2

27.7

21.1

95.7

8.2

2.6

-0.3

3.9

8.2

General government

7.8

0.2

2.8

19

-1.9

-1.2

3.9

1.9

-1.4

7.6

-1.2

4.7

4.2

Gross capital formation

-15.8

-16

5.2

26.9

12.6

-30.9

0.5

-5.2

0.5

-9.1

-3.0

-1.2

-8.7

Net export of goods and services

-74.2

-10.3

-1.2

11.2

26.8

-24.3

5.1

-15.1

-14.1

-16.2

-11.7

-46.1

-16.5

Export

18.5

-49.1

19

15.9

-13.1

-10.4

26.5

14.7

8.4

8.6

6.4

4.9

19.2

Import

32.1

-31.2

7.2

14.3

7.3

-19.2

12.8

-1.4

-2.8

-2.1

-1.0

-15.1

8.8

 

Table 3.  Nominal GDP by main sectors of economy, bln AMD 

 

1991*

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

GDP

16.0

522.3

1,031.3

2,242.9

3,568.2

3,141.7

3,460.2

3,777.9

4,266.5

4,555.6

4,828.6

5,043.6

5,079.9

Industry

5.6

126.7

259.9

488.4

466.2

425.4

537.7

647.8

686.1

740.2

771.4

822.5

849.9

Agriculture

3.8

212.8

239.6

428.3

581.3

530.5

588.2

767.9

764.2

839.8

872.6

868.7

809.7

Construction

1.8

34.1

105.5

440.3

903.0

584.4

599.5

491.1

501.1

476.6

448.8

474.1

406.2

Trade

0.7

49.8

101.8

255.2

411.5

396.2

444.7

476.7

514.9

548.6

570.4

551.5

537.8

Services

3.3

97.4

246.4

464.2

856.0

923.1

965.2

1078.3

1434.8

1535.6

1719.0

1880.2

2059.7

Other

0.8

1.5

78.2

166.6

350.3

282.0

324.9

316.1

365.3

414.9

446.4

446.6

416.6

Note: Data are presented:
    for 2000-2005 by NACE 1.1 classification, 1993
    for 2008-2011 by NACE 2 classification, 1993
    for 2012-2016 by NACE 2 classification, 2008

 

Table 4. Nominal GDP by expenditure components, bln AMD

 

1991*

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

2016

GDP

16.0

522.3

1,031.3

2,242.9

3,568.2

3,141.7

3,460.2

3,777.9

4,266.5

4,555.6

4,828.6

5,043.6

5,079.9

Final Consumption

12.1

613.4

1,123.5

1,930.0

2,918.8

2,944.0

3,289.5

3,649.4

4,184.3

4,514.9

4,714.3

4,599.4

4,617.1

Households

9.1

554.3

997.6

1,690.3

2,549.4

2,518.4

2,829.3

3,144.5

3,700.4

3,951.2

4,110.2

3,916.0

3,887.7

Non-profit institutions

0.1

0.8

4.1

3.0

4.3

6.6

8.0

16.5

18.4

20.0

20.5

22.1

23.7

General government

2.9

58.3

121.8

236.6

365.0

419.0

452.3

488.4

465.5

543.7

583.6

661.3

705.7

Gross capital formation

6.3

96.2

192.3

683.3

1,458.4

1,089.2

1,137.3

1,030.6

1,080.6

1,014.2

1,007.8

1,045.6

936.9

Net export of goods and services

-3.1

-199.8

-280.2

-323.4

-913.8

-864.9

-847.3

-891.5

-888.8

-903.7

-892.4

-612.2

-515.1

Export

-

125

241.1

646.2

536.9

486.2

720.8

897.5

1,176.1

1,291.9

1,379.3

1,499.4

1,679.6

Import

-

324.8

521.3

969.6

1,450.7

1,351.0

1,568.1

1,789.0

2,065.0

2,195.7

2,271.7

2,111.5

2,194.7

Statistical discrepancy

0.6

12.5

-4.2

-47.0

104.8

-26.6

-119.4

-10.6

-109.6

-69.8

-1.1

10.8

40.9

Note: Data are presented:
    for 2000-2011 by NACE 1.1 classification, 1993
    for 2012-2016 by NACE 2 classification, 2008

 

Table 5. Nominal GDP by income components, bln AMD

 

1991*

1995

2000

2005

2008

2009

2010

2011

2012

2013

2014

2015

GDP

16.0

522.3

1,031.3

2,242.9

3,568.2

3,141.7

3,460.2

3,777.9

4,266.5

4,555.6

4,828.6

5,043.6

Wages

8.4

205.3

440.6

884.3

1,328.4

1,207.7

1,284.4

1,383.9

1,471.4

1,547.0

1,629.6

1,728.2

Net Taxes on Production and Import

1.0

26.0

109.7

230.7

455.0

383.2

441.4

466.0

530.4

589.7

635.3

620.6

Net taxes on products

0.9

19.4

94.2

192.9

405.3

332.6

389.1

412.3

458.2

506.4

546.3

535.8

Other net taxes on production

0.1

6.6

15.5

37.8

49.7

50.7

52.3

53.7

72.2

83.3

88.9

84.8

Gross Profit and Gross Mixed Income

6.6

291.0

481.0

1127.9

1784.8

1550.7

1734.4

1928.1

2264.7

2418.9

2563.8

2694.9

Consumption of fixed capital

2.4

74.7

150.3

284.1

375.0

341.0

389.5

404.1

539.2

580.5

614.0

697.2

Net profit and net mixed income

4.2

216.3

330.7

843.8

1409.8

1209.7

1344.9

1524.0

1725.5

1838.4

1949.8

1997.7

Note: Data are presented:
    for 2000-2008 by NACE 1.1 classification, 1993
    for 2009-2011 by NACE 2 classification, 1993
    for 2012-2014 by NACE 2 classification, 2008