Economy of Armenia - GDP

GDP

The Gross Domestic Product of Armenia stood at 8.8 billion US dollars in 2010; with a population of 3.2 million, this amounts to a GDP per capita of $2,676 (purchasing power parity $5,178). GDP growth for 2010 was at 2.9 percent, and inflation was at 8 percent.

GDP growth is expected to be around 3 percent in 2011, with inflation returning to 4-5 percent.

In comparison, in 2006, the GDP was estimated to be 6.6 billion USD per calendar year and the GDP per capita (purchasing power parity) was estimated at $5,400 US. The growth rate was high at 13.4%, but the relatively low base must be considered. Low inflation was maintained around 2.6% annually.