Revenue, excluding grants (current LCU), annual growth rate in Armenia

Armenia: Revenue, excluding grants (current LCU), annual growth rate was 8.58 % change on previous year in 2024. ◆ Volatile

Latest (2024)
8.58 % change on previous year
Change on year
down 37.2%
World rank
84th
of 156 countries
All-time high
28.29 % change on previous year
in 2007
All-time low
-14.29 % change on previous year
in 2009
Years of data
20
2005–2024

Revenue, excluding grants (current LCU), annual growth rate in Armenia, 2005–2024

-1001020302005201420242005: 24.7 % change on previous year2006: 21.2 % change on previous year2007: 28.3 % change on previous year2008: 21.1 % change on previous year2009: -14.3 % change on previous year2010: 12.1 % change on previous year2011: 9.6 % change on previous year2012: 12.3 % change on previous year2013: 14 % change on previous year2014: 7.7 % change on previous year2015: -1.6 % change on previous year2016: -0.653 % change on previous year2017: 8.3 % change on previous year2018: 7.8 % change on previous year2019: 16 % change on previous year2020: -4.7 % change on previous year2021: 9.6 % change on previous year2022: 21.9 % change on previous year2023: 13.7 % change on previous year2024: 8.6 % change on previous year

Source: Statizoid (derived). Measured in % change on previous year.

Analysis

The most recent figure for revenue, excluding grants (current lcu), annual growth rate in Armenia is 8.58 % change on previous year, measured in 2024.

Compared with earlier readings it is down 37.2% on the previous year and up 10.8% over ten years.

Over the whole period, revenue, excluding grants (current lcu), annual growth rate in Armenia peaked at 28.29 % change on previous year in 2007 and was at its lowest, -14.29 % change on previous year, in 2009.

That places Armenia 84th out of 156 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Revenue, excluding grants (current LCU), annual growth rate in Armenia, year by year

Annual values for Revenue, excluding grants (current LCU), annual growth rate in Armenia, 2005 to 2024.
Year % change on previous year Change
2005 24.7 % change on previous year
2006 21.24 % change on previous year -14.0%
2007 28.29 % change on previous year +33.2%
2008 21.12 % change on previous year -25.4%
2009 -14.29 % change on previous year -167.7%
2010 12.09 % change on previous year -184.6%
2011 9.56 % change on previous year -20.9%
2012 12.29 % change on previous year +28.6%
2013 13.96 % change on previous year +13.5%
2014 7.74 % change on previous year -44.5%
2015 -1.61 % change on previous year -120.8%
2016 -0.6525 % change on previous year -59.4%
2017 8.33 % change on previous year -1375.8%
2018 7.79 % change on previous year -6.5%
2019 15.95 % change on previous year +104.8%
2020 -4.72 % change on previous year -129.6%
2021 9.56 % change on previous year -302.4%
2022 21.95 % change on previous year +129.7%
2023 13.65 % change on previous year -37.8%
2024 8.58 % change on previous year -37.2%

Averages by decade

DecadeAverage LowestHighest Years
2000s 16.21 % change on previous year -14.29 % change on previous year 28.29 % change on previous year 5
2010s 8.54 % change on previous year -1.61 % change on previous year 15.95 % change on previous year 10
2020s 9.8 % change on previous year -4.72 % change on previous year 21.95 % change on previous year 5

Countries ranked near Armenia

  1. 81 Latvia 8.85 % change on previous year compare
  2. 82 Uganda 8.72 % change on previous year compare
  3. 83 Greece 8.66 % change on previous year compare
  4. 85 Uruguay 8.5 % change on previous year compare
  5. 86 Morocco 8.17 % change on previous year compare
  6. 87 Afghanistan 8.11 % change on previous year compare

See the full ranking of 156 places →

More public sector data for Armenia

All data for Armenia →

Frequently asked questions

What is revenue, excluding grants (current lcu), annual growth rate in Armenia?
Revenue, excluding grants (current lcu), annual growth rate in Armenia was 8.58 % change on previous year in 2024, according to Statizoid (derived).
What is the highest revenue, excluding grants (current lcu), annual growth rate recorded in Armenia?
The highest recorded value was 28.29 % change on previous year in 2007.
What is the lowest revenue, excluding grants (current lcu), annual growth rate recorded in Armenia?
The lowest recorded value was -14.29 % change on previous year in 2009.
How does Armenia rank for revenue, excluding grants (current lcu), annual growth rate?
Armenia ranks 84th out of 156 countries with data for 2024.
Is revenue, excluding grants (current lcu), annual growth rate rising or falling in Armenia?
Over the last ten years it is up 10.8%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Statizoid (derived), published as part of Revenue, excluding grants (current LCU), annual growth rate. Statizoid updates them automatically from the source API.

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Revenue, excluding grants (current LCU), annual growth rate in Armenia. Statizoid, drawing on Statizoid (derived). Retrieved 27 August 2026, from https://public-sector.statizoid.com/stat/revenue-excluding-grants-current-lcu-annual-growth-rate/armenia/

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How this figure is calculated

The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
Revenue, excluding grants (current LCU), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
156 places, 4,444 data points, 1973–2024
Last refreshed

The year-on-year percentage change in Revenue, excluding grants (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.