Armenia recorded a government debt equivalent to 48.49 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Armenia averaged 36.28 percent from 1997 until 2018, reaching an all time high of 48.49 percent in 2018 and a record low of 13.56 percent in 2008.

Government Debt to GDP in Armenia is expected to be 48.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government Debt to GDP is projected to trend around 48.40 percent in 2020, according to our econometric models.


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Armenia Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
48.49 48.29 48.49 13.56 1997 - 2018 percent Yearly


Armenia Government 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.

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.49 48.29 48.49 13.56 percent [+]
Government Budget -1.80 -4.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -24704.10 93147.40 93147.40 -176100.10 AMD Billion [+]
Government Revenues 401109.00 448757.10 448757.10 54380.30 AMD Billion [+]
Government Debt 3352.70 3300.20 3364.80 491.00 AMD Billion [+]
Fiscal Expenditure 425813.10 355609.70 538397.40 58587.20 AMD Million [+]
Government Spending 201203.20 176345.50 263855.40 15855.90 AMD Million [+]
Credit Rating 14.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]