Armenia vs Monaco: Economic Indicators Comparison

Armenia with a GDP of $12.4B ranked the 136th largest economy in the world, while Monaco ranked 149th with $7.2B. By GDP per capita, Armenia and Monaco ranked 115th vs 1st, respectively.

Gross Domestic Product & Income

Stat	Armenia	Monaco
GDP	$12.4B	$7.2B
GDP growth, 1 year	5%	6.1%
GDP growth, 5-years average	3.9%	N/A
Population	2.9M	39k
GDP per capita	$4.2k	$186k
GDP per capita growth	4.95%	5.3%
Purchasing Power Parity conversion factor	196.69	N/A
Price level ratio of PPP conversion factor GDP to market exchange rate	0.41	N/A
GDP per capita, PPP adjusted	$10k	$98k
GNI, Atlas method	$12.5B	N/A
GNI per capita	$4.2k	N/A
GNI, PPP adjusted	$30.9B	N/A
GNI per capita, PPP adjusted	$10k	N/A

Financial system and Human development

Stat	Armenia	Monaco
Income Tax Rate	26%	N/A
Corporate Tax Rate	20%	N/A
Inflation, consumer prices	2.5%	N/A
Inflation, GDP deflator	2.6%	0.8%
Unemployment	17.7%	6.3%
Economic Freedom Index	70.6	83
Personal Freedom Index	7.21	8.7
Human Freedom Index	7.42	8.7
Property Rights Index	60.7	N/A
Judical Effectiveness Index	54.1	N/A
Business Freedom Index	81	N/A
Fiscal Health Index	68.8	N/A
Labor Freedom Index	72.5	N/A
Investment Freedom Index	75	N/A
Financial Freedom Index	70	N/A
Trade Freedom Index	80.6	N/A
Monetary Freedom Index	76	N/A
Government Spending Index	80.6	N/A
Tax Burden Index	84.9	N/A
Government Integrity Index	43.4	N/A
Corruption Perceptions Index	35	82
Life expectancy at birth, years	74.8	89.7
Suicide mortality rate, per 100,000 people	6.6	0.2
Mortality caused by road traffic injury, per 100,000 people	17.1	0
Intentional homicides, per 100,000 people	2.4	0
International tourism, number of arrivals	1.7M	347k

Government debt & reserves

Stat	Armenia	Monaco
Central government debt, % of GDP	48.5%	N/A
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%	N/A
Gross savings, % of GDP	13.6%	N/A
Gross capital formation, % of GDP	22.4%	N/A
Total reserves including gold	$2.3B	N/A
Foreign direct investment net inflows	$254.1M	N/A

Exports, imports and economic structure

Stat	Armenia	Monaco
Exports of goods and services, % of GDP	37.8%	N/A
Imports of goods and services, % of GDP	53.5%	N/A
Current account balance (balance of payments)	-$1.2B	N/A
Revenue excluding grants, % of GDP	22.5%	N/A
Grants excluding technical cooperation, BoP	$111.9M	N/A
Personal remittances received	$1.5B	N/A
Industry including construction value added, % of GDP	25%	13.1%
Agriculture, forestry and fishing value added, % of GDP	13.7%	N/A
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	22.1%	N/A
Government Expenditure, % of GDP	25.4%	N/A