Armenia: Merchandise trade (% of GDP)
In , Armenia's Merchandise trade (% of GDP) was 116.20.
That's up 31.9% from 2023, the highest value on record.
The global average for this indicator in 2024 was 64.89 . Armenia ranks #18 globally out of 197 reporting countries. Within Europe & Central Asia, it ranks #8 of 50.
Source: World Bank Open Data (TG.VAL.TOTL.GD.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
- 116.20
- Trough
- 44.76
- 1-year change
- +31.9%
- 5-year change
- +94.1%
- +14.2% / yr
- 10-year change
- +127.9%
- +8.6% / yr
Historical Data — Last 10 Years
| Year | Merchandise trade (% of GDP) |
|---|---|
| 116.1960 | |
| 88.1089 | |
| 72.4063 | |
| 60.3794 | |
| 56.1871 | |
| 59.8710 | |
| 59.1992 | |
| 55.8146 | |
| 48.0271 | |
| 44.7631 |
About Merchandise trade (% of GDP)
General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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: TG.VAL.TOTL.GD.ZS • Category: Trade & Finance
Frequently asked questions
- What was Armenia's Merchandise trade (% of GDP) in 2024?
- In 2024, Armenia's Merchandise trade (% of GDP) was 116.20, according to World Bank Open Data.
- Is Armenia's Merchandise trade (% of GDP) rising or falling?
- Armenia's Merchandise trade (% of GDP) rose 31.9% from 2023 to 2024.
- How does Armenia rank globally on Merchandise trade (% of GDP)?
- In 2024, Armenia ranked #18 out of 197 countries reporting Merchandise trade (% of GDP).
- How does Armenia's Merchandise trade (% of GDP) compare to the world average?
- The global average for Merchandise trade (% of GDP) in 2024 was 64.89, so Armenia is above the world average. Within Europe & Central Asia, it ranks #8 of 50.
- What is Merchandise trade (% of GDP) and how is it measured?
- General merchandise trade includes goods whose economic ownership is changed between a resident and a non-resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. It is the total of merchandise exports plus merchandise imports. 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 (TG.VAL.TOTL.GD.ZS), CC BY 4.0.