Antigua and Barbuda has a GDP of $2.21B compared to $26B for Armenia, ranking 177/197 and 114/197 by economy size, respectively.
Antigua and Barbuda has $1.49B in government debt (67.6% of GDP), compared to $13B (50% of GDP) in Armenia.
Antigua and Barbuda vs Armenia GDP by year
| Year | GDP, current $ | |
|---|---|---|
Antigua
|
Armenia
|
|
| 2024 | $2,207,622,874 | $25,955,275,380 |
| 2023 | $2,005,785,185 | $24,185,982,216 |
| 2022 | $1,866,566,667 | $19,513,506,553 |
| 2021 | $1,602,125,926 | $13,878,908,629 |
| 2020 | $1,411,637,037 | $12,641,698,583 |
| 2019 | $1,726,448,148 | $13,619,290,539 |
| 2018 | $1,661,529,630 | $12,457,940,695 |
| 2017 | $1,534,855,556 | $11,527,458,709 |
| 2016 | $1,489,603,704 | $10,546,136,236 |
| 2015 | $1,437,485,185 | $10,553,337,518 |
| 2014 | $1,378,707,407 | $11,609,513,247 |
| 2013 | $1,325,496,296 | $11,121,464,437 |
| 2012 | $1,364,729,630 | $10,619,320,683 |
| 2011 | $1,287,359,259 | $10,142,111,825 |
| 2010 | $1,298,348,148 | $9,260,285,756 |
| 2009 | $1,386,518,519 | $8,647,937,081 |
| 2008 | $1,557,640,741 | $11,662,040,714 |
| 2007 | $1,487,381,481 | $9,206,301,270 |
| 2006 | $1,303,674,074 | $6,384,452,067 |
| 2005 | $1,143,896,296 | $4,900,469,511 |
| 2004 | $1,026,329,630 | $3,576,615,240 |
| 2003 | $948,100,000 | $2,807,061,009 |
| 2002 | $898,092,593 | $2,376,335,048 |
| 2001 | $877,774,074 | $2,118,467,913 |
| 2000 | $901,003,704 | $1,911,563,669 |
| 1999 | $835,544,444 | $1,845,482,173 |
| 1998 | $789,788,889 | $1,893,726,437 |
| 1997 | $734,422,222 | $1,639,492,445 |
| 1996 | $679,140,741 | $1,596,968,946 |
| 1995 | $616,051,852 | $1,468,317,435 |
| 1994 | $625,081,481 | $1,315,158,637 |
| 1993 | $565,662,963 | $1,201,312,829 |
| 1992 | $525,133,333 | $1,272,835,453 |
| 1991 | $504,337,037 | $2,069,870,130 |
| 1990 | $478,718,519 | $2,256,863,449 |
| 1989 | $455,174,074 | - |
| 1988 | $411,396,296 | - |
| 1987 | $346,866,667 | - |
| 1986 | $297,562,963 | - |
| 1985 | $246,370,370 | - |
| 1984 | $212,214,815 | - |
| 1983 | $184,866,667 | - |
| 1982 | $166,444,444 | - |
| 1981 | $149,388,889 | - |
| 1980 | $132,451,852 | - |
| 1979 | $109,596,296 | - |
| 1978 | $88,040,741 | - |
| 1977 | $77,507,407 | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY 
GDP per capita in Antigua and Barbuda vs Armenia by year
| Year | Current $ | |||
|---|---|---|---|---|
|
Antigua
|
Armenia
|
|||
| GDP per capita | GDP per capita, PPP | GDP per capita | GDP per capita, PPP | |
| 2024 | $23,542 | $33,386 | $8,556 | $22,823 |
| 2023 | $21,495 | $31,602 | $8,159 | $21,534 |
| 2022 | $20,105 | $29,934 | $6,572 | $19,161 |
| 2021 | $17,349 | $25,745 | $4,685 | $15,922 |
| 2020 | $15,370 | $22,370 | $4,269 | $14,706 |
| 2019 | $18,896 | $26,551 | $4,597 | $14,976 |
| 2018 | $18,273 | $24,524 | $4,196 | $12,877 |
| 2017 | $16,966 | $21,422 | $3,869 | $12,066 |
| 2016 | $16,557 | $21,320 | $3,524 | $10,570 |
| 2015 | $16,078 | $20,985 | $3,512 | $9,757 |
| 2014 | $15,532 | $21,671 | $3,852 | $9,736 |
| 2013 | $15,052 | $21,761 | $3,680 | $9,455 |
| 2012 | $15,640 | $23,012 | $3,512 | $8,943 |
| 2011 | $14,912 | $23,804 | $3,350 | $7,624 |
| 2010 | $15,217 | $24,071 | $3,041 | $7,095 |
| 2009 | $16,472 | $26,157 | $2,821 | $6,812 |
| 2008 | $18,787 | $29,978 | $3,778 | $7,827 |
| 2007 | $18,205 | $29,851 | $2,963 | $7,137 |
| 2006 | $16,174 | $26,949 | $2,042 | $6,073 |
| 2005 | $14,369 | $23,485 | $1,557 | $5,172 |
| 2004 | $13,038 | $21,629 | $1,130 | $4,377 |
| 2003 | $12,173 | $20,127 | $882 | $3,836 |
| 2002 | $11,659 | $18,813 | $743 | $3,282 |
| 2001 | $11,539 | $18,569 | $660 | $2,844 |
| 2000 | $12,027 | $19,319 | $593 | $2,531 |
| 1999 | $11,342 | $18,088 | $583 | $2,377 |
| 1998 | $10,907 | $17,496 | $590 | $2,239 |
| 1997 | $10,336 | $16,836 | $505 | $2,040 |
| 1996 | $9,756 | $16,017 | $487 | $1,922 |
| 1995 | $9,034 | $15,062 | $444 | $1,767 |
| 1994 | $9,351 | $15,736 | $391 | $1,591 |
| 1993 | $8,625 | $14,720 | $348 | $1,440 |
| 1992 | $8,154 | $13,908 | $356 | $1,492 |
| 1991 | $7,956 | $13,658 | $573 | $2,477 |
| 1990 | $7,591 | $12,996 | $635 | $2,760 |
| 1989 | $7,188 | - | - | - |
| 1988 | $6,466 | - | - | - |
| 1987 | $5,424 | - | - | - |
| 1986 | $4,629 | - | - | - |
| 1985 | $3,814 | - | - | - |
| 1984 | $3,271 | - | - | - |
| 1983 | $2,847 | - | - | - |
| 1982 | $2,569 | - | - | - |
| 1981 | $2,310 | - | - | - |
| 1980 | $2,053 | - | - | - |
| 1979 | $1,705 | - | - | - |
| 1978 | $1,375 | - | - | - |
| 1977 | $1,214 | - | - | - |
Data sources: World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY
Antigua and Barbuda's GDP per capita is $23,542, ranking 53/197, compared to $8,556 in Armenia, ranking 90/197. Adjusted for purchasing power (GDP per capita PPP), Antigua and Barbuda ranks 66th at $33,386, while Armenia ranks 86th at $22,823.
Economic indicators
|
Antigua
|
Armenia
|
|
|---|---|---|
| Gross domestic product |
$2.21B
2024 |
$26B
2024 |
| GDP rank |
177/197
2024 |
114/197
2024 |
| GDP growth |
3.66%
2023-2024 |
5.9%
2023-2024 |
| GDP per capita |
$23,542
2024 |
$8,556
2024 |
| GDP per capita rank |
53/197
2024 |
90/197
2024 |
| GDP per capita, PPP |
$33,386
2024 |
$22,823
2024 |
| GDP per capita PPP rank |
66/197
2024 |
86/197
2024 |
| Government debt |
$1.49B
2024 |
$13B
2024 |
| Debt-to-GDP ratio |
67.6%
2024 |
50%
2024 |
| Government debt per person |
$15,910
2024 |
$4,275
2024 |
| Government debt per person rank |
39/185
2024 |
89/185
2024 |
| Average annual personal income after taxes |
$16,563
2026 |
$6,687
2026 |
| Market capitalization of domestic companies | n/a |
$4.85B
2024 |
| Number of billionaires | n/a |
1
2025 |
| Income share by richest 10% | n/a |
22.9%
2023 |
| Income share by poorest 10% | n/a |
4%
2023 |
| Government expenditure, % of GDP |
19.8%
2024 |
29%
2024 |
| Consumer prices inflation |
6.2%
2023-2024 |
0.4%
2023-2024 |
| Central bank interest rate | n/a |
6.75%
2025 |
| Unemployment rate |
5.37%
2023 |
8.3%
2023 |
| Population |
94757
|
2989841
|
Spending and national debt comparison by year
| Year | % of GDP | |||
|---|---|---|---|---|
|
Antigua
|
Armenia
|
|||
| Government spending | Government debt | Government spending | Government debt | |
| 2024 | 19.8% | 67.6% | 29% | 50% |
| 2023 | 18.8% | 76.3% | 26.9% | 50.4% |
| 2022 | 20.7% | 82% | 26.4% | 49.3% |
| 2021 | 23.4% | 93% | 28.7% | 63.6% |
| 2020 | 26% | 100.5% | 30.6% | 67.3% |
| 2019 | 22.1% | 81.6% | 24.9% | 54.2% |
| 2018 | 21.5% | 84.3% | 24% | 56.1% |
| 2017 | 22.6% | 88.2% | 26% | 58.1% |
| 2016 | 23.8% | 83.1% | 27% | 56.5% |
| 2015 | 24.8% | 92.1% | 26.3% | 48.3% |
| 2014 | 20.9% | 91.9% | 24% | 43.6% |
| 2013 | 20.7% | 85.4% | 23.8% | 41.6% |
| 2012 | 18.5% | 76.9% | 22.4% | 41.2% |
| 2011 | 21.1% | 81.1% | 25% | 42% |
| 2010 | 20% | 79.4% | 26.2% | 39.7% |
| 2009 | 32.1% | 89.2% | 28.6% | 40.2% |
| 2008 | 23.2% | 66.8% | 22.2% | 16.1% |
| 2007 | 23.8% | 68.7% | 22.4% | 16.1% |
| 2006 | 26% | 79.1% | 20% | 18.7% |
| 2005 | 21.5% | 82.8% | 19.9% | 24.4% |
| 2004 | 21.9% | 107.7% | - | 26.4% |
| 2003 | 24.2% | 113% | - | 33% |
| 2002 | 26.3% | 114.5% | - | 38.2% |
| 2001 | 24.2% | 107.6% | - | 38.1% |
| 2000 | 21.1% | 96.4% | - | 39.6% |
| 1999 | 20.3% | 95.9% | - | 39.2% |
| 1998 | 20.7% | 94.6% | - | 45.2% |
| 1997 | 16.8% | 80.6% | - | 46.5% |
| 1996 | 19.6% | 85.5% | - | 40.8% |
| 1995 | 21% | 92.1% | - | - |
| 1994 | 21.2% | 84.5% | - | - |
| 1993 | 19.4% | 85.3% | - | - |
| 1992 | 18.7% | 90.8% | - | - |
| 1991 | 20.8% | 94.6% | - | - |
| 1990 | 18.1% | 94.1% | - | - |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY
In 2024, Antigua and Barbuda's government spending was $437M, accounting for 19.8% of its GDP, while Armenia spent $7.53B, or 29% of GDP.
Debt-to-GDP ratio is 67.6% in Antigua and Barbuda and 50% in Armenia, ranking 63/185 and 108/185, respectively.
Government deficit by year
| Year | Deficit/surplus, % of GDP | |
|---|---|---|
|
Antigua
|
Armenia
|
|
| 2024 | 1.61% | -3.69% |
| 2023 | -1.7% | -2.02% |
| 2022 | -2.84% | -2.11% |
| 2021 | -4.52% | -4.58% |
| 2020 | -6.23% | -5.4% |
| 2019 | -3.64% | -0.98% |
| 2018 | -2.43% | -1.75% |
| 2017 | -2.72% | -4.79% |
| 2016 | -0.14% | -5.63% |
| 2015 | -2.42% | -4.84% |
| 2014 | -2.6% | -1.94% |
| 2013 | -3.83% | -1.59% |
| 2012 | -0.97% | -1.49% |
| 2011 | -3.09% | -2.87% |
| 2010 | -0.24% | -4.98% |
| 2009 | -15.8% | -7.69% |
| 2008 | -4.72% | -1.76% |
| 2007 | -4.98% | -2.33% |
| 2006 | -6.62% | -1.95% |
| 2005 | -4.29% | -1.98% |
| 2004 | -3.9% | - |
| 2003 | -7.32% | - |
| 2002 | -8.83% | - |
| 2001 | -8.58% | - |
| 2000 | -4.5% | - |
| 1999 | -3.08% | - |
| 1998 | -1.62% | - |
| 1997 | 0% | - |
| 1996 | -1.61% | - |
| 1995 | -3.89% | - |
| 1994 | -4.33% | - |
| 1993 | -2.45% | - |
| 1992 | -0.81% | - |
| 1991 | -3.91% | - |
| 1990 | 0.12% | - |
Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY
In 2024, Antigua and Barbuda's government surplus, the difference between spending and revenue, was $35.6M, equivalent to 1.61% of GDP. This compares to Armenia's deficit of $958M, or 3.69% of GDP.
Over the past 20 years, Antigua and Barbuda recorded a fiscal deficit in 19 of those years, while Armenia ran a deficit in 20 years. On average, Antigua and Barbuda posted an annual deficit equal to 3.61% of GDP, compared to deficit of 3.22% of GDP for Armenia.
Inflation comparison by year
| Year | Consumer prices inflation | |
|---|---|---|
|
Antigua
|
Armenia
|
|
| 2024 | 6.2% | 0.4% |
| 2023 | 5.1% | 2% |
| 2022 | 7.5% | 8.8% |
| 2021 | 1.6% | 7.5% |
| 2020 | 1.1% | 1.5% |
| 2019 | 1.4% | 1.5% |
| 2018 | 1.2% | 2.5% |
| 2017 | 2.4% | 0.9% |
| 2016 | -0.5% | -1.4% |
| 2015 | 1% | 3.7% |
| 2014 | 1.1% | 3% |
| 2013 | 1.1% | 5.7% |
| 2012 | 3.4% | 2.5% |
| 2011 | 3.5% | 7.5% |
| 2010 | 3.4% | 8.2% |
| 2009 | -0.6% | 3.5% |
| 2008 | 5.3% | 9.1% |
| 2007 | 1.4% | 4.4% |
| 2006 | 1.8% | 2.9% |
| 2005 | 2.1% | 0.6% |
| 2004 | 2% | 6.9% |
| 2003 | 2% | 4.7% |
| 2002 | 2.4% | 1% |
| 2001 | 1.9% | 3.2% |
| 2000 | -0.2% | -0.8% |
| 1999 | 1.1% | 0.7% |
| 1998 | 3.3% | 8.7% |
| 1997 | 0.4% | 14% |
Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY
Over the past 28 years, Antigua and Barbuda has recorded an average annual inflation rate of 2.23%, compared with 4.04% in Armenia. In 2024, inflation was 6.2% in Antigua and Barbuda and 0.4% in Armenia.
Balance of trade
|
Antigua
|
Armenia
|
|
|---|---|---|
|
Current account balance
|
-$181M
2024 |
-$1.19B
2024 |
| Current account balance ranking |
98/190
2024 |
128/190
2024 |
| Current account balance, % of GDP |
-8.22%
2024 |
-4.6%
2024 |
| Goods imports |
$726M
2024 |
$15.4B
2024 |
| Goods exports |
$72.1M
2024 |
$13.2B
2024 |
| Service imports |
$557M
2024 |
$4.39B
2024 |
| Service exports |
$1.24B
2024 |
$5.86B
2024 |
| Imports of goods and services, % of GDP |
63%
2022 |
76.4%
2024 |
| Exports of goods and services, % of GDP |
54.7%
2022 |
73.6%
2024 |
Economic freedom indices
The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.
|
Antigua
|
Armenia
|
|
|---|---|---|
| Economic freedom | 56 | 67.1 |
| Economic freedom ranking | 125/197 | 58/197 |
| Property rights | n/a | 48.6 |
| Government integrity | n/a | 51.8 |
| Judicial effectiveness | n/a | 31.4 |
| Tax burden | n/a | 87.2 |
| Government spending | n/a | 77.5 |
| Fiscal health | n/a | 84.1 |
| Business freedom | n/a | 72.9 |
| Labor freedom | n/a | 59.2 |
| Monetary freedom | n/a | 77.2 |
| Trade freedom | n/a | 75 |
| Investment freedom | n/a | 70 |
| Financial freedom | n/a | 70 |
Other economic metrics
|
Antigua
|
Armenia
|
|
|---|---|---|
| Services, % of GDP |
69.1%
2023 |
62%
2024 |
| Industry, % of GDP |
19%
2023 |
22.9%
2024 |
| Agriculture, forestry, and fishing, % of GDP |
1.94%
2023 |
7.81%
2024 |
|
GNI, Atlas method
|
$1.98B
2024 |
$23.7B
2024 |
| GNI per capita, PPP |
$31,730
2024 |
$22,020
2024 |
| Total reserves including gold |
$358M
2024 |
$3.69B
2024 |
| Total reserves ranking |
164/177
2024 |
111/177
2024 |
|
Net foreign direct investment
|
-$253M
2024 |
-$74.8M
2024 |
|
Net inflows of foreign direct investment
|
$246M
2024 |
$132M
2024 |
|
Net outflows of foreign direct investment
|
-$68.4K
2024 |
$56.8M
2024 |
|
Servicing debt to the IMF, % of GNI
|
n/a |
7.26%
2024 |
| Poverty at national poverty lines | n/a |
23.7%
2023 |
|
Gross capital formation, % of GDP
|
n/a |
23.8%
2024 |
GDP per capita map
Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).
GeoRank.org/economy/antigua-and-barbuda/armenia | CC BY
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Data sources:
- World Bank | Economy & Growth (1977–2024, retrieved 2026-04-06)
- International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
- U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
- The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
- United Nations | World Population Prospects (2026, retrieved 2026-03-10)
- LivingCost (2026, retrieved 2025-10-14)
Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.