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 December of 2020.
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.