Armenia recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Armenia

Current Account to GDP in Armenia averaged -9.82 percent from 1995 until 2019, reaching an all time high of -1 percent in 2016 and a record low of -22 percent in 1998. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account to GDP - values, historical data and charts - was last updated on May of 2021.

Current Account to GDP in Armenia is expected to reach -6.60 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Current Account to GDP is projected to trend around -6.80 percent in 2022, according to our econometric models.

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Armenia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -6.90 -1.00 -22.00 1995 - 2019 percent Yearly

Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -146.30 -125.60 -33.98 -440.00 USD Million [+]
Current Account 51.70 -83.10 74.31 -534.36 USD Million [+]
Current Account to GDP -7.20 -6.90 -1.00 -22.00 percent [+]
Imports 364.00 320.60 675.00 78.72 USD Million [+]
Exports 217.70 195.00 258.90 34.21 USD Million [+]
External Debt 12935.46 12658.11 12935.46 1155.60 USD Million [+]
Capital Flows 27.60 -148.80 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Foreign Direct Investment -2.70 -10.30 425.89 -67.57 USD Million [+]
Remittances 420.40 407.50 742.69 98.05 USD Million [+]
Terms Of Trade 96.90 101.20 140.50 62.40 points [+]
Terrorism Index 0.53 1.17 2.37 0.00 [+]
Tourist Arrivals 47.48 16.47 193223.00 0.00 Thousand [+]


Armenia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.