55, NO. 1990-2019 Data | 2020-2022 Forecast | Historical | Chart. Lie. This is why GDP (PPP) per capita is often considered one of the indicators of a country's standard of living,[3][4] although this can be problematic because GDP per capita is not a measure of personal income. These non-sovereign entities, former countries and other special groupings are in italics. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. YEREVAN (RFE/RL) — Armenia’s GDP per capita is on course to exceed neighboring Azerbaijan’s and Georgia’s this year, according to the International Monetary Fund. Copyright © 2017 — The Armenian Mirror-Spectator. YEREVAN (RFE/RL) — Armenia’s GDP per capita is on course to exceed neighboring Azerbaijan’s and Georgia’s this year, according to the International Monetary Fund. However, it is increasingly being recognized that tax havens, or corporate tax havens, have distorted economic data which produces artificially high, or inflated, GDP-per-capita figures. Definition: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.

This page is a list of the countries of the world by gross domestic product (at purchasing … (see Data FAQs), Source: IMF World Economic Outlook Database. GDP Growth Rate in 2017 was 7.50%, representing a change of 862,649,900 US$ over 2016, …

$8,800 (2016 est.) WEO weights have been created from primary sources and are used solely for purposes of generating country group composites. The GDP per Capita in Armenia is equivalent to 37 percent of the world's average. Alphabetically | (see Data FAQs) Source: IMF World Economic Outlook Database Ireland is one of the world's largest corporate tax havens. In its most recent World Economic Outlook, the IMF forecast a GDP per capita of $4,760 for Armenia in 2020, compared with $4,720 for oil-rich Azerbaijan and $4,630 for Georgia. The IMF is not a primary source for purchasing power parity (PPP) data. [9] An IMF investigation estimates that circa 40% of global FDI flows, which heavily influence the GDP of various jurisdictions, are described as "phantom" transactions.[10]. Armenia gdp for 2017 was $11.53B, a 9.31% increase from 2016. In 2019, GDP per capita for Armenia was 4,528 US dollars. Armenia gdp for 2019 was $13.67B, a 9.75% increase from 2018. Pashinyan seized upon the IMF projections in a Facebook comment posted on Monday, January 6. (see Data FAQs) Source: IMF World Economic Outlook Database Prime Minister Nikol Pashinyan made the same prediction when he spoke in the Armenian parliament in December. As estimates and assumptions have to be made, the results produced by different organizations for the same country are not hard facts and tend to differ, sometimes substantially, so they should be used with caution. Armenia GDP Posts Largest Contraction since 2009, Armenia Economic Activity Growth at 3-Month High, Armenia Current Account Gap Widens Slightly in Q2, Moody's Lifts Armenia's Rating to Ba3, Outlook Stable, Armenia Jobless Rate Falls to 15.3% in Q3, China Total Industrial Profits Drop at Softer Rate, US Stocks Rally but Dow and S&P Drop for 4th Week, Coronavirus Cases in US Surpass 7 Million. Khachatryan also argued that unlike the national currencies of Azerbaijan and Georgia, the Armenian dram has avoided a major devaluation since the collapse of international oil prices which began in late 2014. All figures are in current international dollars, and rounded up or down to the nearest whole number. GDP per capita in Armenia averaged 2520.18 USD from 1990 until 2019, reaching an all time high of 4732.10 USD in 2019 and a record low of 885.20 USD in 1993. The statistic shows gross domestic product (GDP) per capita in Armenia from 1994 to 2015, with projections up until 2024. Dollars) The economy was pounded in the second quarter due to the coronavirus outbreak and government measures to quell its spread, with GDP collapsing 13.7% on an annual basis after having grown 3.9% at the outset of the year. Resident Representative for Republic of Armenia Yulia Ustyugova Resident Representative . All Rights Reserved. Publish your articles and forecasts in our website.

The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. It was projected to accelerate to at least 7 percent in 2019, translating into a GDP per capita of $4,530. Enter your login email address and instructions for resetting your password will be sent. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population.