Armenia vs Slovakia: Economic Indicators Comparison

Slovakia with a GDP of $105.9B ranked the 62nd largest economy in the world, while Armenia ranked 136th with $12.4B. By GDP 5-years average growth and GDP per capita, Slovakia and Armenia ranked 65th vs 56th and 47th vs 115th, respectively.

Gross Domestic Product & Income

StatArmeniaSlovakia
GDP$12.4B$105.9B
GDP growth, 1 year5%4.1%
GDP growth, 5-years average3.9%3.5%
Population2.9M5.4M
GDP per capita$4.2k$19k
GDP per capita growth4.95%3.89%
Purchasing Power Parity conversion factor196.690.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.410.58
GDP per capita, PPP adjusted$10k$35k
GNI, Atlas method$12.5B$99.5B
GNI per capita$4.2k$18k
GNI, PPP adjusted$30.9B$180.1B
GNI per capita, PPP adjusted$10k$33k

Financial system and Human development

StatArmeniaSlovakia
Income Tax Rate26%25%
Corporate Tax Rate20%21%
Inflation, consumer prices2.5%2.5%
Inflation, GDP deflator2.6%2%
Unemployment17.7%6.8%
Economic Freedom Index70.666.8
Personal Freedom Index7.218.87
Human Freedom Index7.428.29
Property Rights Index60.773.1
Judical Effectiveness Index54.141.7
Business Freedom Index8155.3
Fiscal Health Index68.892.6
Labor Freedom Index72.552.6
Investment Freedom Index7575
Financial Freedom Index7070
Trade Freedom Index80.686.4
Monetary Freedom Index7675.9
Government Spending Index80.650.2
Tax Burden Index84.978.5
Government Integrity Index43.449.7
Corruption Perceptions Index3550
Life expectancy at birth, years74.877.2
Suicide mortality rate, per 100,000 people6.612.8
Mortality caused by road traffic injury, per 100,000 people17.16.1
Intentional homicides, per 100,000 people2.41.5
International tourism, number of arrivals1.7M2.3M

Government debt & reserves

StatArmeniaSlovakia
Central government debt, % of GDP48.5%48.8%
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%5.6%
Gross savings, % of GDP13.6%22.1%
Gross capital formation, % of GDP22.4%23.4%
Total reserves including gold$2.3B$5.2B
Foreign direct investment net inflows$254.1M$2.6B

Exports, imports and economic structure

StatArmeniaSlovakia
Exports of goods and services, % of GDP37.8%96.1%
Imports of goods and services, % of GDP53.5%94.1%
Current account balance (balance of payments)-$1.2B-$2.8B
Revenue excluding grants, % of GDP22.5%37.7%
Grants excluding technical cooperation, BoP$111.9M$183.9M
Personal remittances received$1.5B$2.1B
Industry including construction value added, % of GDP25%30.1%
Agriculture, forestry and fishing value added, % of GDP13.7%2.4%
Charges for the use of intellectual property, payments BoPN/A$749.1M
Charges for the use of intellectual property, receipts BoPN/A$55.5M
Expense, % of GDP22.1%39%
Government Expenditure, % of GDP25.4%40.8%

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

Slovakia vs

CountryGDP
per capita
Population
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
Greece
$20k
10.8M
Curacao
$20k
160k
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
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