Wednesday, July 1, 2026 The English edition of ostwirtschaft.de Newsletter
Eastern Economy.
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Armenia vs France: Economic Comparison 2026

Armenia (AMD) against France (EUR) 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.

Head to head

IndicatorArmeniaFrance
GDP, nominal $bn 292025 3,3662025
GDP at PPP, intl $bn 692024 4,2882024
Population, m 3.12025 68.72025
Real GDP growth 2025 7.2%2025 0.8%2025
GDP forecast 2026 (IMF) 4.5%2026f 1.0%2026f
Inflation (CPI) 3.0%2026e 1.6%2026e
Policy rate 6.50%16 Jun
Unemployment (ILO/WEO) 12.9%2025 7.5%2025
Current account, % GDP -4.8%2026f -0.2%2026f
Gov. debt, % GDP 56.2%2026f 119.1%2026f
Food, % of household spend 40.5%2021 13.3%2022
Remittances, % GDP 4.9%2024 1.2%2024
Credit to private sector, % GDP 71%2025 108%2024
Trade openness, % GDP 102%2025 67%2025
Price level index (US≈100) 422024 782024
Population growth 1.74%2025 0.25%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
France 20241.317.218.5%794
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 France?

At market exchange rates France: $3,366bn vs $29bn nominal GDP (2025, World Bank). At purchasing power parity: 69 intl $bn vs 4,288.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), France leads: $794bn 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 France?

1.6% expected 2026 average (IMF WEO).

How much do households in France spend on food?

13.3% of consumption (2022, Eurostat (national accounts)).

More comparisons