The current account deficit in Armenia increased to USD 389.8 million in the fourth quarter of 2018 from USD 301.4 million in the corresponding period of the previous year. The primary income surplus narrowed to USD 116.2 million from a USD 223 million while the services shortfall increased to USD 147.1 million from USD 95.7 million a year earlier. On the other hand, the secondary income surplus rose to USD 187.1 million from USD 183.9 million while the goods deficit decreased to USD 546 million from USD 612.7 million in the last quarter of 2017. Considering full 2018, the country's current account gap went up to USD 1.131 million (or 6.6 percent of the GDP) from USD 279.7 million (or 2.4 percent of the GDP) in 2017. Current Account in Armenia averaged -132.07 USD Million from 1993 until 2018, 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 -136.10 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 -275.30 in 12 months time. In the long-term, the Armenia Current Account is projected to trend around -290.50 USD Million in 2020, according to our econometric models.

Armenia Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-29 09:00 AM Current Account $-208.7M $-312.9M $ -179M
2018-10-01 12:20 AM Current Account $-220M $-229.4M $ -78.7M
2018-12-29 08:00 AM Current Account $-251.1M $-239.5M $ -171.6M
2019-04-04 11:50 AM Current Account $-389.8M $-264.1M $ -250M
2019-06-29 09:00 AM Current Account $-389.8M $ -206.1M
2019-10-01 12:20 AM Current Account $ -136M
2019-12-28 06:00 AM Current Account $ -98.7M


Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -183.00 -153.20 -33.98 -365.35 USD Million [+]
Current Account -389.80 -264.10 74.31 -511.22 USD Million [+]
Current Account to GDP -6.60 -2.40 -2.20 -22.00 percent [+]
Exports 192.60 145.30 231.90 34.21 USD Million [+]
Imports 375.60 298.50 502.30 78.72 USD Million [+]
External Debt 10916.02 10836.59 10916.02 1155.60 USD Million [+]
Capital Flows -299.20 -42.10 93.80 -705.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 104.10 93.10 140.50 62.40 Index Points [+]
Terrorism Index 1.69 2.37 2.37 0.00 [+]
Tourist Arrivals 61173.00 44595.00 164663.00 511.00 Thousand [+]
Remittances 389.50 336.40 742.69 98.05 USD Million [+]
Foreign Direct Investment 70.70 75.50 425.89 -67.53 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-389.80 -264.10 74.31 -511.22 1993 - 2018 USD Million Quarterly




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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