The current account deficit in Armenia rose to USD 278.8 million in the second quarter of 2019 from USD 274 million in the same period of the previous year, as the services deficit widened to USD 15.6 million from USD 5.4 million while the goods shortfall fell slightly to USD 397.8 million from USD 449.2 million. Meantime, the primary income surplus decreased to USD 11.3 million from USD 31.5 million in Q1 2018 and the secondary surplus also shrank to USD 123.3 million from USD 149 million. Current Account in Armenia averaged -135.82 USD Million from 1993 until 2019, reaching an all time high of 74.31 USD Million in the fourth quarter of 2004 and a record low of -511.22 USD Million in the fourth quarter of 2008.

Current Account in Armenia is expected to be -260.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Armenia to stand at -225.00 in 12 months time. In the long-term, the Armenia Current Account is projected to trend around -250.00 USD Million in 2020, according to our econometric models.

Armenia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-29 08:00 AM Current Account Q3 $-251.1M $-239.5M $ -171.6M
2019-04-04 11:50 AM Current Account Q4 $-389.8M $-264.1M $ -250M
2019-06-28 10:45 AM Current Account Q1 $-277.3M $-400.4M $ -206.1M
2019-09-30 10:40 AM Current Account Q2 $-278.8M $-271M $ -295M
2019-12-30 11:00 AM Current Account Q3 $-278.8M $ -260M


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -189.20 -198.80 -33.98 -365.35 USD Million [+]
Current Account -278.84 -270.98 74.31 -511.22 USD Million [+]
Current Account to GDP -6.60 -2.40 -2.20 -22.00 percent [+]
Exports 239.60 238.20 239.60 34.21 USD Million [+]
Imports 428.80 437.00 502.30 78.72 USD Million [+]
External Debt 11472.66 11078.96 11472.66 1155.60 USD Million [+]
Capital Flows -113.70 -204.40 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 97.60 99.60 140.50 62.40 Index Points [+]
Terrorism Index 1.69 2.37 2.37 0.00 [+]
Tourist Arrivals 161308.00 61268.00 164663.00 511.00 Thousand [+]
Remittances 343.70 253.74 742.69 98.05 USD Million [+]
Foreign Direct Investment 56.60 34.60 425.89 -67.57 USD Million [+]


Armenia Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides - Armenia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-278.84 -270.98 74.31 -511.22 1993 - 2019 USD Million Quarterly




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 29.84 Jul/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 8420.80 Jul/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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