Armenia vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Italy and Armenia ranked 154th vs 56th and 29th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaItaly
GDP$12.4B$2.1T
GDP growth, 1 year5%0.9%
GDP growth, 5-years average3.9%0.9%
Population2.9M60.3M
GDP per capita$4.2k$34k
GDP per capita growth4.95%0.95%
Purchasing Power Parity conversion factor196.690.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.82
GDP per capita, PPP adjusted$10k$40k
GNI, Atlas method$12.5B$2T
GNI per capita$4.2k$34k
GNI, PPP adjusted$30.9B$2.6T
GNI per capita, PPP adjusted$10k$42k

Financial system and Human development

StatArmeniaItaly
Income Tax Rate26%43%
Corporate Tax Rate20%27.5%
Inflation, consumer prices2.5%1.2%
Inflation, GDP deflator2.6%0.9%
Unemployment17.7%10.2%
Economic Freedom Index70.663.8
Personal Freedom Index7.218.79
Human Freedom Index7.428.01
Property Rights Index60.775.4
Judical Effectiveness Index54.151.3
Business Freedom Index8170.4
Fiscal Health Index68.871.1
Labor Freedom Index72.550.9
Investment Freedom Index7580
Financial Freedom Index7050
Trade Freedom Index80.686.4
Monetary Freedom Index7683.2
Government Spending Index80.628.5
Tax Burden Index84.956
Government Integrity Index43.462.2
Corruption Perceptions Index3552
Life expectancy at birth, years74.883.2
Suicide mortality rate, per 100,000 people6.68.2
Mortality caused by road traffic injury, per 100,000 people17.15.6
Intentional homicides, per 100,000 people2.40.7
International tourism, number of arrivals1.7M61.6M

Government debt & reserves

StatArmeniaItaly
Central government debt, % of GDP48.5%132.1%
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%6%
Gross savings, % of GDP13.6%20.8%
Gross capital formation, % of GDP22.4%18.2%
Total reserves including gold$2.3B$152.4B
Foreign direct investment net inflows$254.1M$39.6B

Exports, imports and economic structure

StatArmeniaItaly
Exports of goods and services, % of GDP37.8%31.5%
Imports of goods and services, % of GDP53.5%29%
Current account balance (balance of payments)-$1.2B$53.8B
Revenue excluding grants, % of GDP22.5%37.7%
Grants excluding technical cooperation, BoP$111.9MN/A
Personal remittances received$1.5B$9.9B
Industry including construction value added, % of GDP25%21.4%
Agriculture, forestry and fishing value added, % of GDP13.7%1.9%
Charges for the use of intellectual property, payments BoPN/A$5.1B
Charges for the use of intellectual property, receipts BoPN/A$4.9B
Expense, % of GDP22.1%41.3%
Government Expenditure, % of GDP25.4%48.8%

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
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Samoa
$4.2k
196k
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
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M

Italy vs

CountryGDP
per capita
Population
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k