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Armenia vs Australia: Economic Indicators Comparison

Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Australia and Armenia ranked 111st vs 56th and 13th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaAustralia
GDP$12.4B$1.4T
GDP growth, 1 year5%2.8%
GDP growth, 5-years average3.9%2.6%
Population2.9M23.4M
GDP per capita$4.2k$57k
GDP per capita growth4.95%1.33%
Purchasing Power Parity conversion factor196.691.43
Price level ratio of PPP conversion factor GDP to market exchange rate0.411.11
GDP per capita, PPP adjusted$10k$52k
GNI, Atlas method$12.5B$1.3T
GNI per capita$4.2k$53k
GNI, PPP adjusted$30.9B$1.3T
GNI per capita, PPP adjusted$10k$50k

Financial system and Human development

StatArmeniaAustralia
Income Tax Rate26%45%
Corporate Tax Rate20%30%
Inflation, consumer prices2.5%2%
Inflation, GDP deflator2.6%1.9%
Unemployment17.7%5.4%
Economic Freedom Index70.682.6
Personal Freedom Index7.219.29
Human Freedom Index7.428.73
Property Rights Index60.782.8
Judical Effectiveness Index54.186.1
Business Freedom Index8187.8
Fiscal Health Index68.891.8
Labor Freedom Index72.584
Investment Freedom Index7580
Financial Freedom Index7090
Trade Freedom Index80.688.2
Monetary Freedom Index7686.2
Government Spending Index80.661.6
Tax Burden Index84.963
Government Integrity Index43.489.3
Corruption Perceptions Index3577
Life expectancy at birth, years74.882.5
Suicide mortality rate, per 100,000 people6.613.2
Mortality caused by road traffic injury, per 100,000 people17.15.6
Intentional homicides, per 100,000 people2.40.8
International tourism, number of arrivals1.7M9.2M

Government debt & reserves

StatArmeniaAustralia
Central government debt, % of GDP48.5%40.7%
External debt stocks, % of GNI87.5%N/A
External debt stocks$11BN/A
Short-term debt, % of total reserves50.2%N/A
Total debt service, % of exports and primary income29.9%N/A
Adjusted net savings including particulate emission damage, % of GNI1.5%5.6%
Gross savings, % of GDP13.6%21.7%
Gross capital formation, % of GDP22.4%24.5%
Total reserves including gold$2.3B$53.9B
Foreign direct investment net inflows$254.1M$60.3B

Exports, imports and economic structure

StatArmeniaAustralia
Exports of goods and services, % of GDP37.8%21.8%
Imports of goods and services, % of GDP53.5%21.4%
Current account balance (balance of payments)-$1.2B-$29.7B
Revenue excluding grants, % of GDP22.5%25.7%
Grants excluding technical cooperation, BoP$111.9MN/A
Personal remittances received$1.5B$1.9B
Industry including construction value added, % of GDP25%24.1%
Agriculture, forestry and fishing value added, % of GDP13.7%2.5%
Charges for the use of intellectual property, payments BoPN/A$3.6B
Charges for the use of intellectual property, receipts BoPN/A$973.4M
Expense, % of GDP22.1%26.1%
Government Expenditure, % of GDP25.4%35.8%

Compare with countries close by GDP per capita

Armenia vs

CountryGDP
per capita
Population
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
754k
Morocco
$3.2k
36M

Australia vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k