Armenia recorded a government debt equivalent to 48.49 percent of the country's Gross Domestic Product in 2018.

Government Debt to GDP in Armenia averaged 36.28 percent from 1997 until 2018, reaching an all time high of 48.49 percent in 2018 and a record low of 13.56 percent in 2008. This page provides - Armenia Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Debt to GDP - values, historical data and charts - was last updated on July of 2020.

Government Debt to GDP in Armenia is expected to reach 49.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government Debt to GDP is projected to trend around 52.00 percent in 2021 and 50.50 percent in 2022, according to our econometric models.

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Armenia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
48.49 48.29 48.49 13.56 1997 - 2018 percent Yearly

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.49 48.29 48.49 13.56 percent [+]
Government Budget -1.80 -4.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value 46331.30 -161239.60 93147.40 -176100.10 AMD Billion [+]
Government Revenues 381928.70 427758.70 448757.10 54380.30 AMD Billion [+]
Government Debt 3646.90 3509.60 3646.90 491.00 AMD Billion [+]
Fiscal Expenditure 335597.40 588998.30 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 159313.30 299123.10 299123.10 15855.90 AMD Million [+]


Armenia Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.