Armenia more than doubled its GDP per capita since the 2018 revolution, contrary to most other middle-income countries in its neighborhood. For a Landlocked country without any significant natural resources, this is truly a success story. These numbers would not have been possible without democratization and stable institutions.
Iran Inflation Rate is at 30% per year since 2018. More importantly Azerbaijan lacks diversity in there economy output and currportion is running wild there.
Armenians population has been stagnant for 30 years while some of this countries are growing rapidly.
I don’t see the success in this numbers, high GDP per capita with no population growth is not that good
martikyan on
հա, բայց մեր հարևանները շնից շատ են
Repulsive_Work_226 on
Turkiye?
armeniapedia on
Very cool.
I’d enjoy seeing a separate, somewhat related, somewhat unrelated chart of only Azerbaijan’s GDP per capita and the average price of oil that year.
MealIntelligent443 on
GDP per capita is a completely misunderstood metric and doesnt actually show anything of value. A country’s power is measured in raw gdp and population. If you want to measure how the average person lives, then take the median wage and adjust it for purchasing power.
8 Comments
That’s really good
Armenia more than doubled its GDP per capita since the 2018 revolution, contrary to most other middle-income countries in its neighborhood. For a Landlocked country without any significant natural resources, this is truly a success story. These numbers would not have been possible without democratization and stable institutions.
Sources are the IMF ([World Economic Outlook (October 2025) – GDP per capita, current prices](https://www.imf.org/external/datamapper/NGDPDPC@WEO/CAQ)) As well as the Armenian Ministry of Economy [Armenia’s GDP grows 7.2% in 2025 to $29.2 billion – ARMENPRESS Armenian News Agency](https://armenpress.am/en/article/1242737/amp)
Iran Inflation Rate is at 30% per year since 2018. More importantly Azerbaijan lacks diversity in there economy output and currportion is running wild there.
Armenians population has been stagnant for 30 years while some of this countries are growing rapidly.
I don’t see the success in this numbers, high GDP per capita with no population growth is not that good
հա, բայց մեր հարևանները շնից շատ են
Turkiye?
Very cool.
I’d enjoy seeing a separate, somewhat related, somewhat unrelated chart of only Azerbaijan’s GDP per capita and the average price of oil that year.
GDP per capita is a completely misunderstood metric and doesnt actually show anything of value. A country’s power is measured in raw gdp and population. If you want to measure how the average person lives, then take the median wage and adjust it for purchasing power.