Taxes on income, profits and capital gains (current LCU) in Armenia
Armenia: Taxes on income, profits and capital gains (current LCU) was 985.78 billion current LCU in 2024. ◆ Volatile
Taxes on income, profits and capital gains in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on income, profits and capital gains in Armenia stood at 985.78 billion current LCU. That is the highest value across all 21 years on record.
The figure is up 12.5% on the previous year and up 141.3% over ten years.
Over the whole period, taxes on income, profits and capital gains in Armenia peaked at 985.78 billion current LCU in 2024 and was at its lowest, 52.42 billion current LCU, in 2004.
That places Armenia 38th out of 153 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on income, profits and capital gains (current LCU) in Armenia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2004 | 52.42 billion current LCU | — |
| 2005 | 73.17 billion current LCU | +39.6% |
| 2006 | 100.80 billion current LCU | +37.8% |
| 2007 | 122.33 billion current LCU | +21.4% |
| 2008 | 139.96 billion current LCU | +14.4% |
| 2009 | 142.03 billion current LCU | +1.5% |
| 2010 | 151.75 billion current LCU | +6.8% |
| 2011 | 179.05 billion current LCU | +18.0% |
| 2012 | 210.32 billion current LCU | +17.5% |
| 2013 | 394.86 billion current LCU | +87.7% |
| 2014 | 408.58 billion current LCU | +3.5% |
| 2015 | 427.21 billion current LCU | +4.6% |
| 2016 | 475.15 billion current LCU | +11.2% |
| 2017 | 469.58 billion current LCU | -1.2% |
| 2018 | 548.01 billion current LCU | +16.7% |
| 2019 | 591.22 billion current LCU | +7.9% |
| 2020 | 560.05 billion current LCU | -5.3% |
| 2021 | 582.40 billion current LCU | +4.0% |
| 2022 | 697.57 billion current LCU | +19.8% |
| 2023 | 876.02 billion current LCU | +25.6% |
| 2024 | 985.78 billion current LCU | +12.5% |
Armenia compared with similar countries
- Armenia's 985.78 billion current LCU is above the median for upper middle income countries, which is 135.99 billion current LCU, 7.2× the median. (48 countries reporting)
- Armenia's 985.78 billion current LCU is above the median for Europe & Central Asia, which is 68.60 billion current LCU, 14.4× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 105.12 billion current LCU | 52.42 billion current LCU | 142.03 billion current LCU | 6 |
| 2010s | 385.57 billion current LCU | 151.75 billion current LCU | 591.22 billion current LCU | 10 |
| 2020s | 740.37 billion current LCU | 560.05 billion current LCU | 985.78 billion current LCU | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 21.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
Frequently asked questions
- What is taxes on income, profits and capital gains in Armenia?
- Taxes on income, profits and capital gains in Armenia was 985.78 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Armenia?
- The highest recorded value was 985.78 billion current LCU in 2024.
- What is the lowest taxes on income, profits and capital gains recorded in Armenia?
- The lowest recorded value was 52.42 billion current LCU in 2004.
- How does Armenia rank for taxes on income, profits and capital gains?
- Armenia ranks 38th out of 153 countries with data for 2024.
- Is taxes on income, profits and capital gains rising or falling in Armenia?
- Over the last ten years it is up 141.3%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.