Armenia recorded a Current Account deficit of 9.70 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Armenia

Current Account to GDP in Armenia averaged -10.12 percent from 1995 until 2019, reaching an all time high of -2.20 percent in 2004 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 January of 2021.

Current Account to GDP in Armenia is expected to reach -6.30 percent by the end of 2020, 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 -6.60 percent in 2021 and -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
-9.70 -9.40 -2.20 -22.00 1995 - 2019 percent Yearly

Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -197.40 -186.30 -33.98 -440.00 USD Million [+]
Current Account -70.00 -136.50 74.31 -534.36 USD Million [+]
Current Account to GDP -9.70 -9.40 -2.20 -22.00 percent [+]
Imports 409.00 404.20 675.00 78.72 USD Million [+]
Exports 224.30 257.60 257.60 34.21 USD Million [+]
External Debt 12658.11 12548.05 12658.11 1155.60 USD Million [+]
Capital Flows -234.50 -341.80 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Remittances 406.70 248.40 742.69 98.05 USD Million [+]
Foreign Direct Investment -12.90 99.20 425.89 -67.57 USD Million [+]
Terms Of Trade 100.10 101.30 140.50 62.40 points [+]
Terrorism Index 0.53 1.17 2.37 0.00 [+]
Tourist Arrivals 70603.00 134490.00 193223.00 511.00 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.