Remittances in Armenia increased to 420.40 USD Million in the fourth quarter of 2020 from 407.50 USD Million in the third quarter of 2020. source: Central Bank of Armenia

Remittances in Armenia averaged 368.52 USD Million from 2004 until 2020, reaching an all time high of 742.69 USD Million in the fourth quarter of 2013 and a record low of 98.05 USD Million in the first quarter of 2004. This page provides - Armenia Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Remittances - values, historical data and charts - was last updated on October of 2021.

Remittances in Armenia is expected to be 545.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Armenia to stand at 545.00 in 12 months time. In the long-term, the Armenia Remittances is projected to trend around 545.00 USD Million in 2022, according to our econometric models.

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Armenia Remittances

Armenia Last Unit Reference Previous Highest Lowest
Current Account -38.94 USD Million Jun/21 -82.71 94.75 -543.58
Current Account to GDP -4.00 percent of GDP Dec/20 -7.20 -1.00 -22.00
External Debt 14044.71 USD Million Jun/21 13091.62 14044.71 1155.60
Foreign Direct Investment 82.70 USD Million Mar/21 3.50 425.89 -109.10
Remittances 420.40 USD Million Dec/20 407.50 742.69 98.05

Armenia Remittances
In Armenia, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).