Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Armenia

Merchandise trade (% of GDP) in Armenia in 2025 — 73.28%. Ranked 56 in the world out of 189. Since 1992, the indicator has risen by 50.58 pp.

2025 73.28% −42.91 pp vs 2024
World rank 56of 189
Period maximum 116.2%2024
Period minimum 22.71%1992

Trend over time

1992–2025 · % of GDP

Merchandise trade (% of GDP) — Armenia, 1992–20250501001501992199620002004200820122016202020241992: 22.71%1993: 34.13%1994: 46.38%1995: 64.36%1996: 71.76%1997: 68.62%1998: 59.3%1999: 55.92%2000: 61.52%2001: 57.45%2002: 62.79%2003: 70.04%2004: 57.99%2005: 56.65%2006: 49.76%2007: 48.01%2008: 47.02%2009: 46.61%2010: 51.77%2011: 54.02%2012: 53.12%2013: 53.56%2014: 50.99%2015: 44.76%2016: 48.03%2017: 55.81%2018: 59.2%2019: 59.87%2020: 56.19%2021: 60.38%2022: 72.41%2023: 88.11%2024: 116.2%2025: 73.28%
Change over the period: +50.58 pp Annual average: 1.53 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 73.28%
World 43.89%
Western Asia computed 46.07%
Merchandise trade (% of GDP) — Armenia, by year Armenia All countries CSV XLSX
Year % Change, pp
2025 73.28 −42.91 pp
2024 116.2 +28.09 pp
2023 88.11 +15.7 pp
2022 72.41 +12.03 pp
2021 60.38 +4.19 pp
2020 56.19 −3.68 pp
2019 59.87 +0.67 pp
2018 59.2 +3.38 pp
2017 55.81 +7.79 pp
2016 48.03 +3.26 pp
2015 44.76 −6.23 pp
2014 50.99 −2.57 pp
2013 53.56 +0.44 pp
2012 53.12 −0.9 pp
2011 54.02 +2.25 pp
2010 51.77 +5.16 pp
2009 46.61 −0.4 pp
2008 47.02 −0.99 pp
2007 48.01 −1.75 pp
2006 49.76 −6.89 pp
2005 56.65 −1.34 pp
2004 57.99 −12.05 pp
2003 70.04 +7.25 pp
2002 62.79 +5.34 pp
2001 57.45 −4.07 pp
2000 61.52 +5.6 pp
1999 55.92 −3.38 pp
1998 59.3 −9.32 pp
1997 68.62 −3.14 pp
1996 71.76 +7.4 pp
1995 64.36 +17.98 pp
1994 46.38 +12.25 pp
1993 34.13 +11.42 pp
1992 22.71

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.