Armenia vs Latin America & the Caribbean (IDA & IBRD countries): Merchandise exports to low- and middle-income economies in Middle

Armenia
3.4%
in 2023
Latin America & the Caribbean (IDA & IBRD countries)
1.3%
in 2023
Armenia rank
35th
Latin America & the Caribbean (IDA & IBRD countries) rank
35th

Merchandise exports to low- and middle-income economies in Middle over time

  • Armenia
  • Latin America & the Caribbean (IDA & IBRD countries)
05101520196019912023

How they compare

Armenia currently reports 3.4% against 1.3% in Latin America & the Caribbean (IDA & IBRD countries), a difference of 2.1%.

That makes Armenia's figure about 2.6 times Latin America & the Caribbean (IDA & IBRD countries)'s.

The two have swapped places 1 time across 32 shared years of data; in 1992 it was Latin America & the Caribbean (IDA & IBRD countries) ahead.

Armenia ranks 35th and Latin America & the Caribbean (IDA & IBRD countries) ranks 35th of 204 countries.

Armenia has averaged higher in every one of the 4 decades both report.

Head to head by decade

Decade Armenia Latin America & the Caribbean (IDA & IBRD countries) Difference Ahead
1990s 12.4% 1.1% 11.4% Armenia
2000s 5.0% 1.1% 3.9% Armenia
2010s 11.4% 1.5% 9.9% Armenia
2020s 7.5% 1.5% 6.0% Armenia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher merchandise exports to low- and middle-income economies in middle, Armenia or Latin America & the Caribbean (IDA & IBRD countries)?
Armenia, at 3.4% against 1.3% in Latin America & the Caribbean (IDA & IBRD countries) as of 2023.
What is the difference in merchandise exports to low- and middle-income economies in middle between Armenia and Latin America & the Caribbean (IDA & IBRD countries)?
2.1%, with Armenia ahead.
How many years of comparable data are there for Armenia and Latin America & the Caribbean (IDA & IBRD countries)?
32 years are reported by both, from 1992 to 2023.
How do Armenia and Latin America & the Caribbean (IDA & IBRD countries) rank globally for merchandise exports to low- and middle-income economies in middle?
Armenia ranks 35th and Latin America & the Caribbean (IDA & IBRD countries) ranks 35th of 204 countries.
Where does this data come from?
Staff estimates, World Bank (WB), published as Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Latin America & the Caribbean (IDA & IBRD countries): Merchandise exports to low- and middle-income economies in Middle. Statizoid, drawing on Staff estimates, World Bank (WB). Retrieved 19 September 2026, from https://private-sector.statizoid.com/compare/merchandise-exports-to-low-and-middle-income-economies-in-middle-east-and-north-africa/armenia/latin-america-and-the-caribbean-ida-and-ibrd-countries/

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About this data

Indicator
Merchandise exports to low- and middle-income economies in Middle East & North Africa (% of total merchandise exports)
Unit
% of total merchandise exports
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
251 places, 11,828 data points, 1960–2023
Last refreshed

Merchandise exports to low- and middle-income economies in Middle East and North Africa are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Middle East and North Africa region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.