Editing Economy of Armenia (section)

==Outperforming GDP growth==
[[File:GDP growth rates in Armenia, Georgia and Azerbaijan in 2010 - 2017.png|alt=|thumb|upright 1.2|GDP growth rates in Armenia and some neighboring countries and some regions in years 2010–2017]]

According to official preliminary data GDP grew by 7.6 per cent in 2019, largest recording growth since 2008.<ref>{{Cite web|title=7.6% GDP growth recorded in Armenia in 2019 - Pashinyan|url=http://arka.am/en/news/interview/7_6_gdp_growth_recorded_in_armenia_in_2019_pashinyan_/|access-date=2021-12-11|website=arka.am}}</ref>

Nominal GDP per capita was approximately $4,196 in 2018 and is expected to reach $8,283 in 2023, surpassing neighbouring Azerbaijan and Georgia.<ref name="IMF forecast">{{cite web |title=Report for Selected Countries and Subjects |url=https://www.imf.org/en/Publications/WEO/weo-database/2023/October/weo-report?c=911,912,915,&s=NGDPDPC,&sy=2018&ey=2024&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |publisher=[[International Monetary Fund]] |access-date=18 October 2023 |location=Washington, D.C. |date=5 October 2023 |archive-date=30 October 2023 |archive-url=https://web.archive.org/web/20231030045344/https://www.imf.org/en/Publications/WEO/weo-database/2023/October/weo-report?c=911,912,915,&s=NGDPDPC,&sy=2018&ey=2024&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1 |url-status=live }}</ref>

With 8.3%, Armenia recorded highest degree of GDP growth among [[Eurasian Economic Union]] countries in 2018 January–June against the same period of 2017.<ref>{{Cite news|url=https://armenpress.am/eng/news/956452.html|title=Armenia leads EEU countries on level of economic growth – official EEC data|work=armenpress.am|access-date=2018-12-03|language=en|archive-date=2018-12-03|archive-url=https://web.archive.org/web/20181203152219/https://armenpress.am/eng/news/956452.html|url-status=live}}</ref>

The economy of Armenia had grown by 7.5% in 2017 and reached a nominal GDP of $11.5 billion per annum, while per capita figure grew by 10.1% and reached $3880.<ref name="arka2017gdp">{{cite web|title=ARKA 2017 GDP|url=http://arka.am/en/news/economy/armenia_ends_2017_with_7_5_economic_growth_/|access-date=18 January 2017|archive-date=1 March 2018|archive-url=https://web.archive.org/web/20180301044618/http://arka.am/en/news/economy/armenia_ends_2017_with_7_5_economic_growth_/|url-status=live}}</ref> With 7.29% Armenia was second best in GDP per capita growth terms in Europe and Central Asia in 2017.<ref>{{Cite web|url=https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:ARM:AZE:GEO&hl=en&dl=en#!ctype=c&strail=false&bcs=d&nselm=s&met_y=ny_gdp_pcap_kd_zg&scale_y=lin&ind_y=false&idim=country:ARM:AZE:GEO:ALB:AND:AUT:BLR:BEL:BIH:BGR:CHI:HRV:CYP:DNK:CZE:EST:FIN:FRO:FRA:DEU:GRC:GRL:HUN:ISL:IRL:IMN:ITA:KAZ:XKX:KGZ:LVA:LIE:LTU:LUX:MKD:MDA:MCO:MNE:NLD:NOR:POL:PRT:ROU:RUS:SMR:SRB:SVK:SVN:ESP:SWE:CHE:TJK:TUR:TKM:UKR:GBR:UZB&ifdim=country:region:ECS&hl=en_US&dl=en&ind=false|title=World Development Indicators - Google Public Data Explorer|website=www.google.com|access-date=2019-04-30|archive-date=2020-07-30|archive-url=https://web.archive.org/web/20200730230101/https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&met_y=ny_gdp_pcap_cd&idim=country:ARM:AZE:GEO&hl=en&dl=en#!ctype=c&strail=false&bcs=d&nselm=s&met_y=ny_gdp_pcap_kd_zg&scale_y=lin&ind_y=false&idim=country:ARM:AZE:GEO:ALB:AND:AUT:BLR:BEL:BIH:BGR:CHI:HRV:CYP:DNK:CZE:EST:FIN:FRO:FRA:DEU:GRC:GRL:HUN:ISL:IRL:IMN:ITA:KAZ:XKX:KGZ:LVA:LIE:LTU:LUX:MKD:MDA:MCO:MNE:NLD:NOR:POL:PRT:ROU:RUS:SMR:SRB:SVK:SVN:ESP:SWE:CHE:TJK:TUR:TKM:UKR:GBR:UZB&ifdim=country:region:ECS&hl=en_US&dl=en&ind=false|url-status=live}}</ref>

Armenian GDP PPP (measured in current international dollar) grew total of 316% per capita in 2000–2017, sixth-highest worldwide.<ref>{{Cite web|url=https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2017&locations=AM-RO-GE-CN-EU&start=2000|title=GDP per capita, PPP (current international $) - Armenia, Romania, Georgia, China, European Union &#124; Data|website=data.worldbank.org|access-date=2018-12-26|archive-date=2018-12-26|archive-url=https://web.archive.org/web/20181226133936/https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?end=2017&locations=AM-RO-GE-CN-EU&start=2000|url-status=live}}</ref><ref>{{Cite web|url=https://i.redd.it/022odntsae621.png|title=map of GDP PPP 2000-2017 growth rates worldwide (Data by the World Bank)|accessdate=November 9, 2021|archive-date=May 6, 2021|archive-url=https://web.archive.org/web/20210506175622/https://i.redd.it/022odntsae621.png|url-status=live}}</ref>

GDP grew 40.7% between 2012 and 2018, and key banking indicators like assets and credit exposures almost doubled.<ref name="arka2019growth" />
[[File:Evolution of GDP PPP per capita of Georgia, Armenia & Azerbaijan.svg|thumb|upright 1.2|GDP (PPP) per capita of Armenia, Azerbaijan and Georgia in years 1994–2022, [[International Monetary Fund|IMF]] data.]]
{| class="wikitable sortable"
|-
! Year !! GDP (millions of drams)<ref name="STATSAMGDP">{{cite web|title=GDP at market prices, mln. drams|url=https://armstat.am/en/|url-status=live|access-date=May 9, 2021|website=Armstat|archive-url=https://web.archive.org/web/20080519125705/http://www.armstat.am:80/en/ |archive-date=2008-05-19 }}</ref>!! GDP Growth<ref name="STATSAMGDP" />!! GDP per capita (drams)<ref name="STATSAMPOP">{{cite web|url=http://www.armstat.am/en/?nid=126&id=11001|title=Time series, Average de jure Population Number, thousand pers.|access-date=June 5, 2016|archive-date=May 8, 2016|archive-url=https://web.archive.org/web/20160508042758/http://www.armstat.am/en/?nid=126&id=11001|url-status=live}}</ref>!![[GDP deflator]]<ref name="STATSAMDEFL">{{cite web|title=Time series, GDP index-deflator (ratio of GDP at current prices to the volume of GDP at comparable prices of the previous year), %|url=http://www.armstat.am/en/?nid=126&id=01003|url-status=live|access-date=May 9, 2021|archive-url=https://web.archive.org/web/20081118195558/http://www.armstat.am/en/?nid=126&id=01003 |archive-date=2008-11-18 }}</ref>
|-
| 2000 || {{formatnum:1031338.3}} || +5.9% || {{formatnum:320182}} || −1.4%
|-
| 2001 || {{formatnum:1175876.8}} || +9.6% || {{formatnum:365849}} || +4.1%
|-
| 2002 || {{formatnum:1362471.7}} || +13.2% || {{formatnum:424234}} || +0.7%
|-
| 2003 || {{formatnum:1624642.7}} || +14.0% || {{formatnum:505914}} || +4.6%
|-
| 2004 || {{formatnum:1907945.4}} || +10.5% || {{formatnum:593635}} || +6.3%
|-
| 2005 || {{formatnum:2242880.9}} || +13.9% || {{formatnum:697088}} || +3.2%
|-
| 2006 || {{formatnum:2656189.8}} || +13.2% || {{formatnum:824621}} || +4.6%
|-
| 2007 || {{formatnum:3149283.4}} || +13.7% || {{formatnum:976067}} || +4.2%
|-
| 2008 || {{formatnum:3568227.6}} || +6.9% || {{formatnum:1103348}} || +5.9%
|-
| 2009 || {{formatnum:3141651.0}} || −14.1% || {{formatnum:968539}} || +2.6%
|-
| 2010 || {{formatnum:3460202.7}} || +2.2% || {{formatnum:1062683}} || +7.8%
|-
| 2011 || {{formatnum:3776443.0}} || +4.7% || {{formatnum:1155405}} || +4.2%
|-
| 2012	|| {{formatnum:4000722.0}} || +7.2% || {{formatnum:1322946}} || -1.2%
|-
| 2013	|| {{formatnum:4555638.2}} || +3.3% || {{formatnum:1507491}} || +3.4%
|-
| 2014	|| {{formatnum:4828626.3}} || +3.6% || {{formatnum:1602172}} || +2.3%
|-
| 2015	|| {{formatnum:5032089.0}} || +3.0% || {{formatnum:1674795}} || +1.2%
|-
|2016
|5,067,293.5
| +0.2%
|
| +0.3%
|-
|2017
|5,564,493.3
| +7.5%<ref name="arka2017gdp" />
|
| +2.1%
|-
|2018
|6,017,035.2
| +5.2%<ref>{{Cite web|url=http://arka.am/en/news/economy/armenia_s_economy_grew_by_5_2_percent_in_2018/|title=Armenia's economy grew by 5.2 percent in 2018|website=ARKA News Agency|access-date=2019-05-23|archive-date=2019-02-21|archive-url=https://web.archive.org/web/20190221130619/http://arka.am/en/news/economy/armenia_s_economy_grew_by_5_2_percent_in_2018/|url-status=live}}</ref>
|
| +2.8%
|-
|2019
|6,543,321.8
| +7.6%<ref name=":16">{{Cite web|title=7.6% GDP growth recorded in Armenia in 2019 - Pashinyan|url=http://arka.am/en/news/interview/7_6_gdp_growth_recorded_in_armenia_in_2019_pashinyan_/|access-date=2020-02-24|website=arka.am|archive-date=2020-02-24|archive-url=https://web.archive.org/web/20200224100909/http://arka.am/en/news/interview/7_6_gdp_growth_recorded_in_armenia_in_2019_pashinyan_/|url-status=live}}</ref>
|
| +1.0%
|-
|2020
|6,181,664.1<ref>{{Cite web|url=https://armstat.am/en/|title=Main Indicators in Graphical Forms|website=armstat.am|access-date=2020-05-13|archive-date=2008-05-19|archive-url=https://web.archive.org/web/20080519125705/http://www.armstat.am/en/|url-status=live}}</ref>
|  -7.5%<ref>{{Cite web|url=https://armstat.am/en/?nid=12&id=01510/|title=Armenia's economy fell by 7.5 percent in 2020|website=armstat.am|access-date=2020-05-13|archive-date=2021-05-12|archive-url=https://web.archive.org/web/20210512204258/https://armstat.am/en/?nid=12&id=01510/|url-status=live}}</ref>
|
| +2.0%
|-
| 2021 || {{formatnum:6991777.8}} || +5.8% || || +6.9%
|-
| 2022 || {{formatnum:8501435.5}} || +12.6% || || +8.0%
|-
| 2023 || {{formatnum:9502778.6}} || +8.7% || || +2.8%

|}
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