Real growth of services

This metric shows by what percentage the volume of services in Armenia changed each year compared with the previous year, from 2009 to 2024. It is measured at comparable prices, so the effect of price rises is removed.

In 2024 the volume of services grew by 12.8%. Services grew every year except 2020, when the volume fell by 13.6%. The fastest growth was in 2022, at 28.4%, while in 2015 growth was only 0.7%.

In seven of the 16 years the volume grew by more than 10%. After the fall in 2020, growth was 8.2% in 2021, then 28.4% in 2022, 13.6% in 2023 and 12.8% in 2024.