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Eastern Economy.
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Armenia vs Georgia: Economic Comparison 2026

Armenia (AMD) against Georgia (GEL) 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 · Georgia terminal.

Head to head

IndicatorArmeniaGeorgia
GDP, nominal $bn 292025 382025
GDP at PPP, intl $bn 692024 1052024
Population, m 3.12025 3.92025
Real GDP growth 2025 7.2%2025 7.5%2025
GDP forecast 2026 (IMF) 4.5%2026f 5.0%2026f
Inflation (CPI) 3.0%2026e 3.2%2026e
Policy rate 6.50%16 Jun 8.25%17 Jun
Unemployment (ILO/WEO) 12.9%2025 12.1%2025
Current account, % GDP -4.8%2026f -4.7%2026f
Gov. debt, % GDP 56.2%2026f 35.3%2026f
Food, % of household spend 40.5%2021 23.4%2017
Remittances, % GDP 4.9%2024 11.9%2024
Credit to private sector, % GDP 71%2025 68%2025
Trade openness, % GDP 102%2025 101%2025
Price level index (US≈100) 422024 362024
Population growth 1.74%2025 3.18%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
Georgia 20245.519.625.1%26
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 Georgia?

At market exchange rates Georgia: $38bn vs $29bn nominal GDP (2025, World Bank). At purchasing power parity: 69 intl $bn vs 105.

Whose productive base is larger?

Valued by the Sapir method (agriculture + industry incl. construction at PPP), Georgia leads: $26bn 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 Georgia?

3.2% expected 2026 average (IMF WEO).

How much do households in Georgia spend on food?

23.4% of consumption (2017, World Bank ICP 2021).

More comparisons