Wednesday, July 1, 2026 The English edition of ostwirtschaft.de Newsletter
Eastern Economy.
Economic intelligence on Eastern Europe, the Caucasus & Central Asia

Armenia vs Czechia: Economic Comparison 2026

Armenia (AMD) against Czechia (CZK) across 16 indicators — output, prices, rates, external position and the productive-sector view at purchasing power parity. Data: World Bank, IMF WEO, Eurostat and national central banks, refreshed automatically. More on Armenia in the data terminal · Czechia terminal.

Head to head

IndicatorArmeniaCzechia
GDP, nominal $bn 292025 3912025
GDP at PPP, intl $bn 692024 6252024
Population, m 3.12025 10.92025
Real GDP growth 2025 7.2%2025 2.6%2025
GDP forecast 2026 (IMF) 4.5%2026f 1.8%2026f
Inflation (CPI) 3.0%2026e 1.8%May 2026
Policy rate 6.50%16 Jun 3.75%01 Jul
Unemployment (ILO/WEO) 12.9%2025 2.8%2025
Current account, % GDP -4.8%2026f -0.6%2026f
Gov. debt, % GDP 56.2%2026f 45.6%2026f
Food, % of household spend 40.5%2021 15.8%2022
Remittances, % GDP 4.9%2024 1.3%2024
Credit to private sector, % GDP 71%2025 48%2024
Trade openness, % GDP 102%2025 128%2025
Price level index (US≈100) 422024 632024
Population growth 1.74%2025 -0.17%2025
Green = the stronger reading where direction is unambiguous (growth ↑, inflation ↓, debt ↓, food share ↓). Inflation marked e = IMF WEO annual-average forecast where monthly data lags. Period shown per value.

Productive sectors · Sapir view

Agri %Industry %Productive shareProductive GDP, PPP $bn
Armenia 20247.822.930.7%21
Czechia 20241.929.231.1%194
Goods-producing base (agriculture + industry incl. construction) valued at PPP, following Jacques Sapir's argument that services-heavy nominal GDP understates industrial economies. Source: World Bank WDI.

Trends

Quick answers

Which economy is bigger, Armenia or Czechia?

At market exchange rates Czechia: $391bn vs $29bn nominal GDP (2025, World Bank). At purchasing power parity: 69 intl $bn vs 625.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), Czechia leads: $194bn vs $21bn (2024/2024, World Bank).

How high is inflation in Armenia?

3.0% expected 2026 average (IMF WEO).

How much do households in Armenia spend on food?

40.5% of consumption (2021, World Bank ICP 2021).

How high is inflation in Czechia?

1.8% year-over-year (May 2026).

How much do households in Czechia spend on food?

15.8% of consumption (2022, Eurostat (national accounts)).

More comparisons