Armenia: Exports of goods and services (% of GDP)
In , Armenia's Exports of goods and services (% of GDP) was 73.63.
That's up 20.7% from 2023, the highest value on record.
The global average for this indicator in 2024 was 44.26 . Armenia ranks #22 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #11 of 49.
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 73.63
- Trough
- 14.27
- 1-year change
- +20.7%
- 5-year change
- +74.2%
- +11.7% / yr
- 10-year change
- +157.8%
- +9.9% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 73.6254 | |
| 61.0083 | |
| 51.5709 | |
| 35.6689 | |
| 30.0766 | |
| 42.2626 | |
| 39.3929 | |
| 38.2160 | |
| 33.7443 | |
| 29.7254 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Armenia's Exports of goods and services (% of GDP) in 2024?
- In 2024, Armenia's Exports of goods and services (% of GDP) was 73.63, according to World Bank Open Data.
- Is Armenia's Exports of goods and services (% of GDP) rising or falling?
- Armenia's Exports of goods and services (% of GDP) rose 20.7% from 2023 to 2024.
- How does Armenia rank globally on Exports of goods and services (% of GDP)?
- In 2024, Armenia ranked #22 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Armenia's Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Armenia is above the world average. Within Europe & Central Asia, it ranks #11 of 49.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.