Armenia: Imports of goods and services (% of GDP)
In , Armenia's Imports of goods and services (% of GDP) was 76.44.
That's up 22.5% from 2023, the highest value on record.
The global average for this indicator in 2024 was 47.94 . Armenia ranks #20 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #7 of 49.
Source: World Bank Open Data (NE.IMP.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
- 76.44
- Trough
- 38.79
- 1-year change
- +22.5%
- 5-year change
- +37.5%
- +6.6% / yr
- 10-year change
- +61.9%
- +4.9% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 76.4394 | |
| 62.4104 | |
| 52.3077 | |
| 43.5800 | |
| 40.0447 | |
| 55.5844 | |
| 53.0802 | |
| 48.9863 | |
| 42.3337 | |
| 41.9567 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Armenia's Imports of goods and services (% of GDP) in 2024?
- In 2024, Armenia's Imports of goods and services (% of GDP) was 76.44, according to World Bank Open Data.
- Is Armenia's Imports of goods and services (% of GDP) rising or falling?
- Armenia's Imports of goods and services (% of GDP) rose 22.5% from 2023 to 2024.
- How does Armenia rank globally on Imports of goods and services (% of GDP)?
- In 2024, Armenia ranked #20 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Armenia's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Armenia is above the world average. Within Europe & Central Asia, it ranks #7 of 49.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS), CC BY 4.0.