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Economy of Armenia vs Congo compared: GDP & Debt

Updated on by Georank

Armenia has a GDP of $29.2B compared to $16.3B for the Congo, ranking 115/197 and 143/197 by economy size, respectively.

Armenia has $14.3B in government debt (49% of GDP), compared to $15.8B (96.8% of GDP) in the Congo.

Armenia vs Congo GDP by year

Armenia
Congo
1x
Year GDP, current $
Armenia Congo
2025 $29,243,452,882 $16,306,633,779
2024 $25,955,275,380 $15,719,986,077
2023 $24,185,982,216 $15,321,055,823
2022 $19,513,506,553 $15,817,030,155
2021 $13,878,908,629 $14,825,690,211
2020 $12,641,698,583 $11,468,687,464
2019 $13,619,290,539 $13,976,637,780
2018 $12,457,940,695 $14,773,900,289
2017 $11,527,458,709 $11,834,473,039
2016 $10,546,136,236 $10,931,328,151
2015 $10,553,337,518 $12,434,793,867
2014 $11,609,513,247 $17,919,321,078
2013 $11,121,464,437 $17,958,720,699
2012 $10,619,320,683 $17,692,911,296
2011 $10,142,111,825 $15,655,383,577
2010 $9,260,285,756 $13,148,396,212
2009 $8,647,937,081 $9,723,299,915
2008 $11,662,040,714 $11,649,857,673
2007 $9,206,301,270 $8,782,703,437
2006 $6,384,452,067 $8,072,305,029
2005 $4,900,469,511 $6,650,001,680
2004 $3,576,615,240 $4,656,974,940
2003 $2,807,061,009 $3,503,723,088
2002 $2,376,335,048 $3,034,250,924
2001 $2,118,467,913 $2,796,704,604
2000 $1,911,563,669 $3,227,927,698
1999 $1,845,482,173 $2,354,772,960
1998 $1,893,726,437 $1,949,481,379
1997 $1,639,492,445 $2,322,719,103
1996 $1,596,968,946 $2,540,697,539
1995 $1,468,317,435 $2,116,003,868
1994 $1,315,158,637 $1,769,365,438
1993 $1,201,312,829 $2,684,323,623
1992 $1,272,835,453 $2,933,222,703
1991 $2,069,870,130 $2,724,853,506
1990 $2,256,863,449 $2,798,746,050
1989 - $2,389,593,026
1988 - $2,212,536,312
1987 - $2,297,753,652
1986 - $1,849,268,212
1985 - $2,160,872,540
1984 - $2,193,581,365
1983 - $2,097,274,290
1982 - $2,160,640,565
1981 - $1,993,512,323
1980 - $1,705,796,853
1979 - $1,198,749,667
1978 - $878,771,772
1977 - $765,224,029
1976 - $754,549,601
1975 - $767,102,680
1974 - $585,364,634
1973 - $541,973,363
1972 - $410,669,264
1971 - $322,128,019
1970 - $274,960,700
1969 - $265,040,036
1968 - $251,247,458
1967 - $237,397,428
1966 - $220,613,582
1965 - $198,318,064
1964 - $185,693,725
1963 - $172,233,431
1962 - $166,521,240
1961 - $151,675,739
1960 - $131,731,863

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

GDP per capita in Armenia vs Congo by year

Armenia
GDP per capita

GDP per capita, PPP
Congo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Armenia Congo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $9,474 - $2,515 -
2024 $8,556 $22,823 $2,482 $7,026
2023 $8,159 $21,534 $2,478 $6,850
2022 $6,572 $19,161 $2,621 $6,647
2021 $4,685 $15,922 $2,516 $6,263
2020 $4,269 $14,706 $1,994 $4,771
2019 $4,597 $14,976 $2,488 $5,720
2018 $4,196 $12,877 $2,694 $5,593
2017 $3,869 $12,066 $2,212 $4,445
2016 $3,524 $10,570 $2,093 $4,016
2015 $3,512 $9,757 $2,439 $4,715
2014 $3,852 $9,736 $3,601 $5,733
2013 $3,680 $9,455 $3,697 $5,834
2012 $3,512 $8,943 $3,732 $6,058
2011 $3,350 $7,624 $3,396 $5,175
2010 $3,041 $7,095 $2,947 $5,125
2009 $2,821 $6,812 $2,271 $4,801
2008 $3,778 $7,827 $2,832 $4,448
2007 $2,963 $7,137 $2,206 $4,243
2006 $2,042 $6,073 $2,104 $4,588
2005 $1,557 $5,172 $1,799 $4,279
2004 $1,130 $4,377 $1,306 $3,992
2003 $882 $3,836 $1,017 $3,887
2002 $743 $3,282 $906 $3,888
2001 $660 $2,844 $855 $3,748
2000 $593 $2,531 $1,024 $3,667
1999 $583 $2,377 $776 $3,464
1998 $590 $2,239 $660 $3,602
1997 $505 $2,040 $804 $3,510
1996 $487 $1,922 $899 $3,547
1995 $444 $1,767 $770 $3,434
1994 $391 $1,591 $662 $3,327
1993 $348 $1,440 $1,034 $3,550
1992 $356 $1,492 $1,164 $3,608
1991 $573 $2,477 $1,113 $3,536
1990 $635 $2,760 $1,176 $3,437
1989 - - $1,033 -
1988 - - $984 -
1987 - - $1,052 -
1986 - - $872 -
1985 - - $1,049 -
1984 - - $1,097 -
1983 - - $1,075 -
1982 - - $1,131 -
1981 - - $1,066 -
1980 - - $933 -
1979 - - $670 -
1978 - - $503 -
1977 - - $448 -
1976 - - $453 -
1975 - - $471 -
1974 - - $370 -
1973 - - $353 -
1972 - - $276.3 -
1971 - - $223.5 -
1970 - - $196.7 -
1969 - - $195.4 -
1968 - - $190.8 -
1967 - - $185.7 -
1966 - - $177.6 -
1965 - - $164.2 -
1964 - - $158.1 -
1963 - - $150.7 -
1962 - - $149.6 -
1961 - - $139.9 -
1960 - - $124.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

Armenia's GDP per capita is $9,474, ranking 92/197, compared to $2,515 in the Congo, ranking 153/197. Adjusted for purchasing power (GDP per capita PPP), Armenia ranks 86th at $22,823, while the Congo ranks 148th at $7,026.

Economic indicators

Armenia Congo
Gross domestic product
$29.2B
2025
$16.3B
2025
GDP rank
115/197
2025
143/197
2025
GDP growth
7.2%
2024-2025
3.08%
2024-2025
GDP per capita
$9,474
2025
$2,515
2025
GDP per capita rank
92/197
2025
153/197
2025
GDP per capita, PPP
$22,823
2024
$7,026
2024
GDP per capita PPP rank
86/197
2024
148/197
2024
Government debt
$14.3B
2025
$15.8B
2025
Debt-to-GDP ratio
49%
2025
96.8%
2025
Government debt per person
$4,639
2025
$2,435
2025
Government debt per person rank
89/185
2025
114/185
2025
Average annual personal income after taxes
$7,675
2026
$2,494
2026
Market capitalization of domestic companies
$4.85B
2024
n/a
Number of billionaires
1
2026
n/a
Income share by richest 10%
23.3%
2024
37.9%
2011
Income share by poorest 10%
4%
2024
1.6%
2011
Government expenditure, % of GDP
29.2%
2025
23.9%
2025
Consumer prices inflation
3.3%
2024-2025
2.6%
2024-2025
Central bank interest rate
6.5%
2025
n/a
Unemployment rate
8.3%
2023
10%
2012
Population
3064036
6718789

Spending and national debt comparison by year

Armenia
Spending

Debt
Congo
Spending

Debt
1x
Year % of GDP
Armenia Congo
Government spending Government debt Government spending Government debt
2025 29.2% 49% 23.9% 96.8%
2024 29% 50% 21.7% 98%
2023 26.9% 50.5% 20.7% 102.9%
2022 26.4% 49.2% 22.8% 93.5%
2021 28.7% 63.4% 20.9% 97.8%
2020 30.7% 67.4% 21.1% 102.5%
2019 24.9% 53.7% 20.2% 77.6%
2018 24.1% 55.7% 17.8% 71.2%
2017 25.9% 58.9% 26.6% 88.5%
2016 27% 56.7% 38.8% 84.5%
2015 26.3% 48.7% 41.3% 74.2%
2014 24% 43.7% 48.6% 42.3%
2013 23.8% 40.9% 42.4% 33.9%
2012 22.4% 41.4% 30.7% 30.2%
2011 25% 42.2% 27.9% 34.4%
2010 26.2% 40% 23% 43.5%
2009 28.6% 40.6% 24.4% 83.8%
2008 22.2% 16.4% 24.2% 69.6%
2007 22.4% 16.1% 28.6% 93.8%
2006 20% 18.7% 26.6% 94.7%
2005 19.9% 24.4% 22.1% 99.8%
2004 - 26.4% 24.4% 122.6%
2003 - 33% 27% 185.3%
2002 - 38.2% 32.1% 163.5%
2001 - 38.1% 29.1% 180.1%
2000 - 39.6% 22.6% 145%
1999 - 39.2% 28.8% 0%
1998 - 45.2% 25.1% 0%
1997 - 46.5% 22.2% 0%
1996 - 40.8% 15.7% 0%
1995 - - 27.6% 0%
1994 - - 30.7% 0%
1993 - - 32.8% 0%
1992 - - 32.8% 0%
1991 - - 34.1% 0%
1990 - - 30.4% 0%
1989 - - 20.3% 151.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

In 2025, Armenia's government spending was $8.55B, accounting for 29.2% of its GDP, while the Congo spent $3.9B, or 23.9% of GDP.

Debt-to-GDP ratio is 49% in Armenia and 96.8% in the Congo, ranking 107/185 and 27/185, respectively.

Government deficit by year

Deficit/surplus
Armenia

Congo
1x
Year Deficit/surplus, % of GDP
Armenia Congo
2025 -3.74% 0.28%
2024 -3.67% 3.62%
2023 -2.02% 5.81%
2022 -2.12% 8.94%
2021 -4.6% 1.63%
2020 -5.4% -1.1%
2019 -0.98% 4.3%
2018 -1.76% 5.22%
2017 -4.7% -5.57%
2016 -5.57% -14.5%
2015 -4.83% -17.8%
2014 -1.94% -10.7%
2013 -1.59% -2.85%
2012 -1.49% 7.24%
2011 -2.87% 16.1%
2010 -4.98% 15.5%
2009 -7.69% 4.76%
2008 -1.76% 23.9%
2007 -2.33% 8.99%
2006 -1.95% 16%
2005 -1.98% 13.4%
2004 - 3.33%
2003 - 0.37%
2002 - -7.34%
2001 - -0.71%
2000 - 1.05%
1999 - -4.75%
1998 - -5.16%
1997 - 3.67%
1996 - 9.2%
1995 - -6.38%
1994 - -10.6%
1993 - -11.3%
1992 - -12.7%
1991 - -11.2%
1990 - -4.1%
1989 - 0.78%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

In 2025, Armenia's government deficit, the difference between spending and revenue, was $1.09B, equivalent to 3.74% of GDP. This compares to the Congo's surplus of $45.6M, or 0.28% of GDP.

Over the past 21 years, Armenia recorded a fiscal deficit in 21 of those years, while the Congo ran a deficit in 6 years. On average, Armenia posted an annual deficit equal to 3.24% of GDP, compared to surplus of 3.95% of GDP for the Congo.

Inflation comparison by year

Inflation
Armenia

Congo
1x
Year Consumer prices inflation
Armenia Congo
2025 3.3% 2.6%
2024 0.3% 3.1%
2023 2% 4.3%
2022 8.6% 3%
2021 7.2% 2%
2020 1.2% 1.4%
2019 1.4% 0.4%
2018 2.5% 1.2%
2017 1% 0.4%
2016 -1.4% 3.2%
2015 3.7% 3.2%
2014 3% 0.9%
2013 5.7% 4.6%
2012 2.5% 5%
2011 7.5% 1.8%
2010 8.2% 0.4%
2009 3.5% 4.3%
2008 9.1% 6%
2007 4.4% 2.6%
2006 2.9% 4.7%
2005 0.6% 2.5%
2004 6.9% 3.7%
2003 4.7% 1.7%
2002 1% 3%
2001 3.2% 0.8%
2000 -0.8% 0.5%
1999 0.7% 3%
1998 8.7% 2.2%
1997 14% 12.7%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

Over the past 29 years, Armenia has recorded an average annual inflation rate of 3.99%, compared with 2.94% in the Congo. In 2025, inflation was 3.3% in Armenia and 2.6% in the Congo.

Top exports between countries

Armenia
Export category Export value
Congo
Export category Export value
Miscellaneous $6K

Balance of trade

Armenia Congo
Current account balance
-$2.11B
2025
$1.72B
2021
Current account balance ranking
142/190
2025
46/190
2021
Current account balance, % of GDP
-7.22%
2025
+11.6%
2021
Goods imports
$11.6B
2025
$2.78B
2021
Goods exports
$8.53B
2025
$7.51B
2021
Service imports
$4.65B
2025
$1.71B
2021
Service exports
$6.12B
2025
$240M
2021
Imports of goods and services, % of GDP
53.6%
2025
43.6%
2025
Exports of goods and services, % of GDP
48.1%
2025
48%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Armenia Congo
Economic freedom 67.1 48.6
Economic freedom ranking 58/197 169/197
Property rights 48.6 28.7
Government integrity 51.8 13.9
Judicial effectiveness 31.4 15.4
Tax burden 87.2 73.7
Government spending 77.5 85.8
Fiscal health 84.1 80.8
Business freedom 72.9 35.8
Labor freedom 59.2 52.4
Monetary freedom 77.2 78.4
Trade freedom 75 52.8
Investment freedom 70 35
Financial freedom 70 30

Economic freedom comparison by year

Armenia
Congo
1x
Year Economic freedom index
Armenia Congo
2026 67.1 48.6
2025 65.4 48.6
2024 64.9 47.8
2023 65.1 48.1
2022 65.3 48.5
2021 71.9 50.7
2020 70.6 41.8
2019 67.7 39.7
2018 68.7 38.9
2017 70.3 40
2016 67 42.8
2015 67.1 42.7
2014 68.9 43.7
2013 69.4 43.5
2012 68.8 43.8
2011 69.7 43.6
2010 69.2 43.2
2009 69.9 45.4
2008 69.9 45.3
2007 68.6 44.4
2006 70.6 43.8
2005 69.8 46.2
2004 70.3 45.9
2003 67.3 47.7
2002 68 45.3
2001 66.4 44.3
2000 63 40.6
1999 56.4 41.6
1998 49.6 33.8
1997 46.7 42.2
1996 42.2 40.3

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

The Economic Freedom Index for Armenia is 67.1, ranking 58/197, compared to 48.6 for the Congo, ranking 169/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Armenia Congo
Services, % of GDP
61.3%
2025
54.3%
2025
Industry, % of GDP
23.1%
2025
35.6%
2025
Agriculture, forestry, and fishing, % of GDP
7.93%
2025
10.1%
2025
GNI, Atlas method
$27.8B
2025
$14.8B
2025
GNI per capita, PPP
$24,020
2025
$6,490
2025
Total reserves including gold
$5.09B
2025
$759M
2024
Total reserves ranking
104/177
2025
147/177
2024
Net foreign direct investment
-$353M
2025
$330M
2021
Net inflows of foreign direct investment
$132M
2024
$604M
2024
Net outflows of foreign direct investment
$56.8M
2024
$25.4M
2024
Servicing debt to the IMF, % of GNI
7.26%
2024
7.67%
2024
Poverty at national poverty lines
21.7%
2024
40.9%
2011
Gross capital formation, % of GDP
24.2%
2025
29.4%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/armenia/congo | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1989, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)
  8. TradeMap (2020, retrieved 2026-07-08)

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.