Spending by international visitors while visiting a country in Armenia

Armenia: Spending by international visitors while visiting a country was 2.72 billion in 2024. ◆ Volatile

Latest (2024)
2.72 billion
Change on year
down 19.2%
World rank
82nd
of 203 countries
All-time high
3.37 billion
in 2023
All-time low
14.00 million
in 1995
Years of data
30
1995–2024

Spending by international visitors while visiting a country in Armenia, 1995–2024

01.0B2.0B3.0B1995200920241995: 14.0M1996: 18.0M1997: 33.0M1998: 41.0M1999: 47.0M2000: 52.0M2001: 81.0M2002: 81.0M2003: 90.0M2004: 189.0M2005: 243.0M2006: 406.0M2007: 522.0M2008: 564.0M2009: 570.0M2010: 694.0M2011: 762.0M2012: 853.0M2013: 905.0M2014: 994.0M2015: 956.0M2016: 1.0B2017: 1.2B2018: 1.4B2019: 1.6B2020: 297.4M2021: 813.4M2022: 2.6B2023: 3.4B2024: 2.7B

Source: Our World in Data.

Analysis

Armenia recorded 2.72 billion for spending by international visitors while visiting a country in 2024.

That represents a change of down 19.2% on the previous year and up 174.0% over ten years.

Over the whole period, spending by international visitors while visiting a country in Armenia peaked at 3.37 billion in 2023 and was at its lowest, 14.00 million, in 1995.

Armenia ranks 82nd of 203 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Spending by international visitors while visiting a country in Armenia, year by year

Annual values for Spending by international visitors while visiting a country in Armenia, 1995 to 2024.
Year Value Change
1995 14.00 million —
1996 18.00 million +28.6%
1997 33.00 million +83.3%
1998 41.00 million +24.2%
1999 47.00 million +14.6%
2000 52.00 million +10.6%
2001 81.00 million +55.8%
2002 81.00 million +0.0%
2003 90.00 million +11.1%
2004 189.00 million +110.0%
2005 243.00 million +28.6%
2006 406.00 million +67.1%
2007 522.00 million +28.6%
2008 564.00 million +8.0%
2009 570.00 million +1.1%
2010 694.00 million +21.8%
2011 762.00 million +9.8%
2012 853.00 million +11.9%
2013 905.00 million +6.1%
2014 994.00 million +9.8%
2015 956.00 million -3.8%
2016 1.04 billion +8.5%
2017 1.22 billion +18.0%
2018 1.36 billion +10.9%
2019 1.55 billion +14.4%
2020 297.41 million -80.8%
2021 813.43 million +173.5%
2022 2.56 billion +215.3%
2023 3.37 billion +31.4%
2024 2.72 billion -19.2%

Armenia compared with similar countries

  • Armenia's 2.72 billion is above the median for upper middle income countries, which is 1.79 billion, 1.5× the median. (57 countries reporting)
  • Armenia's 2.72 billion is below the median for Europe & Central Asia, which is 6.00 billion, 45% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Spending by international visitors while visiting a country in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2022 +215.3% 813.43 million 2.56 billion
2021 +173.5% 297.41 million 813.43 million

Averages by decade

DecadeAverage LowestHighest Years
1990s 30.60 million 14.00 million 47.00 million 5
2000s 279.80 million 52.00 million 570.00 million 10
2010s 1.03 billion 694.00 million 1.55 billion 10
2020s 1.95 billion 297.41 million 3.37 billion 5

Countries ranked near Armenia

  1. 79 Iceland 3.22 billion compare
  2. 80 Kuwait 2.88 billion compare
  3. 81 Kazakhstan 2.82 billion compare
  4. 83 Aruba 2.63 billion compare
  5. 84 Andorra 2.52 billion compare
  6. 85 Myanmar 2.50 billion compare

See the full ranking of 203 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is spending by international visitors while visiting a country in Armenia?
Spending by international visitors while visiting a country in Armenia was 2.72 billion in 2024, according to Our World in Data.
What is the highest spending by international visitors while visiting a country recorded in Armenia?
The highest recorded value was 3.37 billion in 2023.
What is the lowest spending by international visitors while visiting a country recorded in Armenia?
The lowest recorded value was 14.00 million in 1995.
How does Armenia rank for spending by international visitors while visiting a country?
Armenia ranks 82nd out of 203 countries with data for 2024.
Is spending by international visitors while visiting a country rising or falling in Armenia?
Over the last ten years it is up 174.0%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Our World in Data, published as part of Spending by international visitors while visiting a country. Statizoid updates them automatically from the source API.

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Spending by international visitors while visiting a country in Armenia. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/spending-by-international-visitors-while-visiting-a-country/armenia/

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About this data

Indicator
Spending by international visitors while visiting a country
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
203 places, 4,579 data points, 1995–2024
Last refreshed