Armenia: Trade (% of GDP)
In , Armenia's Trade (% of GDP) was 150.06.
That's up 21.6% from 2023, the highest value on record.
The global average for this indicator in 2024 was 92.19 . Armenia ranks #19 globally out of 160 reporting countries. Within Europe & Central Asia, it ranks #9 of 49.
Source: World Bank Open Data (NE.TRD.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
- 150.06
- Trough
- 54.54
- 1-year change
- +21.6%
- 5-year change
- +53.4%
- +8.9% / yr
- 10-year change
- +98.0%
- +7.1% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 150.0647 | |
| 123.4188 | |
| 103.8786 | |
| 79.2489 | |
| 70.1214 | |
| 97.8470 | |
| 92.4731 | |
| 87.2024 | |
| 76.0780 | |
| 71.6821 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Armenia's Trade (% of GDP) in 2024?
- In 2024, Armenia's Trade (% of GDP) was 150.06, according to World Bank Open Data.
- Is Armenia's Trade (% of GDP) rising or falling?
- Armenia's Trade (% of GDP) rose 21.6% from 2023 to 2024.
- How does Armenia rank globally on Trade (% of GDP)?
- In 2024, Armenia ranked #19 out of 160 countries reporting Trade (% of GDP).
- How does Armenia's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Armenia is above the world average. Within Europe & Central Asia, it ranks #9 of 49.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.