Armenia recorded a government debt equivalent to 45.60 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Armenia

Government Debt to GDP in Armenia averaged 36.69 percent from 1997 until 2019, 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 External Debt to GDP - values, historical data and charts - was last updated on May of 2021.

Government Debt to GDP in Armenia is expected to reach 57.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government External Debt to GDP is projected to trend around 56.30 percent in 2021 and 54.50 percent in 2022, according to our econometric models.

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Armenia Government External Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
45.60 48.49 48.49 13.56 1997 - 2019 percent Yearly

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -175749.00 -102989.50 93147.40 -176100.10 AMD Billion [+]
Government Revenues 502229.30 370633.10 502229.30 54380.30 AMD Billion [+]
Government Debt 3923.90 3826.10 3923.90 491.00 AMD Billion [+]
Fiscal Expenditure 677978.30 473622.60 677978.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 658.00 609.00 658.00 51.10 USD Million [+]
Government Spending 371885.20 248173.50 371885.20 15855.90 AMD Million [+]
Government Spending To Gdp 16.00 24.80 28.60 16.00 percent of GDP [+]


Armenia Government External 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.