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

Stat	Armenia	Italy
GDP	$12.4B	$2.1T
GDP growth, 1 year	5%	0.9%
GDP growth, 5-years average	3.9%	0.9%
Population	2.9M	60.3M
GDP per capita	$4.2k	$34k
GDP per capita growth	4.95%	0.95%
Purchasing Power Parity conversion factor	196.69	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	0.82
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

Stat	Armenia	Italy
Income Tax Rate	26%	43%
Corporate Tax Rate	20%	27.5%
Inflation, consumer prices	2.5%	1.2%
Inflation, GDP deflator	2.6%	0.9%
Unemployment	17.7%	10.2%
Economic Freedom Index	70.6	63.8
Personal Freedom Index	7.21	8.79
Human Freedom Index	7.42	8.01
Property Rights Index	60.7	75.4
Judical Effectiveness Index	54.1	51.3
Business Freedom Index	81	70.4
Fiscal Health Index	68.8	71.1
Labor Freedom Index	72.5	50.9
Investment Freedom Index	75	80
Financial Freedom Index	70	50
Trade Freedom Index	80.6	86.4
Monetary Freedom Index	76	83.2
Government Spending Index	80.6	28.5
Tax Burden Index	84.9	56
Government Integrity Index	43.4	62.2
Corruption Perceptions Index	35	52
Life expectancy at birth, years	74.8	83.2
Suicide mortality rate, per 100,000 people	6.6	8.2
Mortality caused by road traffic injury, per 100,000 people	17.1	5.6
Intentional homicides, per 100,000 people	2.4	0.7
International tourism, number of arrivals	1.7M	61.6M

Government debt & reserves

Stat	Armenia	Italy
Central government debt, % of GDP	48.5%	132.1%
External debt stocks, % of GNI	87.5%	N/A
External debt stocks	$11B	N/A
Short-term debt, % of total reserves	50.2%	N/A
Total debt service, % of exports and primary income	29.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	1.5%	6%
Gross savings, % of GDP	13.6%	20.8%
Gross capital formation, % of GDP	22.4%	18.2%
Total reserves including gold	$2.3B	$152.4B
Foreign direct investment net inflows	$254.1M	$39.6B

Exports, imports and economic structure

Stat	Armenia	Italy
Exports of goods and services, % of GDP	37.8%	31.5%
Imports of goods and services, % of GDP	53.5%	29%
Current account balance (balance of payments)	-$1.2B	$53.8B
Revenue excluding grants, % of GDP	22.5%	37.7%
Grants excluding technical cooperation, BoP	$111.9M	N/A
Personal remittances received	$1.5B	$9.9B
Industry including construction value added, % of GDP	25%	21.4%
Agriculture, forestry and fishing value added, % of GDP	13.7%	1.9%
Charges for the use of intellectual property, payments BoP	N/A	$5.1B
Charges for the use of intellectual property, receipts BoP	N/A	$4.9B
Expense, % of GDP	22.1%	41.3%
Government Expenditure, % of GDP	25.4%	48.8%