Armenia vs Russia: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Russia and Armenia ranked 162nd vs 56th and 68th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaRussia
GDP$12.4B$1.7T
GDP growth, 1 year5%2.3%
GDP growth, 5-years average3.9%0.5%
Population2.9M146.8M
GDP per capita$4.2k$11k
GDP per capita growth4.95%2.26%
Purchasing Power Parity conversion factor196.6925.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.41
GDP per capita, PPP adjusted$10k$29k
GNI, Atlas method$12.5B$1.5T
GNI per capita$4.2k$10k
GNI, PPP adjusted$30.9B$3.9T
GNI per capita, PPP adjusted$10k$26k

Financial system and Human development

StatArmeniaRussia
Income Tax Rate26%13%
Corporate Tax Rate20%20%
Inflation, consumer prices2.5%2.9%
Inflation, GDP deflator2.6%10.3%
Unemployment17.7%4.7%
Economic Freedom Index70.661
Personal Freedom Index7.216.56
Human Freedom Index7.426.49
Property Rights Index60.756.8
Judical Effectiveness Index54.144.4
Business Freedom Index8180.2
Fiscal Health Index68.898.7
Labor Freedom Index72.552.1
Investment Freedom Index7530
Financial Freedom Index7030
Trade Freedom Index80.677.8
Monetary Freedom Index7668.2
Government Spending Index80.663.8
Tax Burden Index84.988.5
Government Integrity Index43.441.3
Corruption Perceptions Index3528
Life expectancy at birth, years74.872.1
Suicide mortality rate, per 100,000 people6.631
Mortality caused by road traffic injury, per 100,000 people17.118
Intentional homicides, per 100,000 people2.49.2
International tourism, number of arrivals1.7M24.6M

Government debt & reserves

StatArmeniaRussia
Central government debt, % of GDP48.5%14%
External debt stocks, % of GNI87.5%28.1%
External debt stocks$11B$453.9B
Short-term debt, % of total reserves50.2%10.3%
Total debt service, % of exports and primary income29.9%19.6%
Adjusted net savings including particulate emission damage, % of GNI1.5%8%
Gross savings, % of GDP13.6%30.2%
Gross capital formation, % of GDP22.4%22.7%
Total reserves including gold$2.3B$468.6B
Foreign direct investment net inflows$254.1M$8.8B

Exports, imports and economic structure

StatArmeniaRussia
Exports of goods and services, % of GDP37.8%30.7%
Imports of goods and services, % of GDP53.5%20.8%
Current account balance (balance of payments)-$1.2B$113.5B
Revenue excluding grants, % of GDP22.5%27.5%
Grants excluding technical cooperation, BoP$111.9M$658.1M
Personal remittances received$1.5B$8.6B
Industry including construction value added, % of GDP25%32.1%
Agriculture, forestry and fishing value added, % of GDP13.7%3.1%
Charges for the use of intellectual property, payments BoPN/A$6.3B
Charges for the use of intellectual property, receipts BoPN/A$876.1M
Expense, % of GDP22.1%28.9%
Government Expenditure, % of GDP25.4%34.7%

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

Russia vs

CountryGDP
per capita
Population
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M