Armenia recorded a Current Account deficit of 4 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Armenia

Current Account to GDP in Armenia averaged -9.59 percent of GDP from 1995 until 2020, reaching an all time high of -1 percent of GDP in 2016 and a record low of -22 percent of GDP 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 2022.

Current Account to GDP in Armenia is expected to reach -6.60 percent of GDP 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 of GDP in 2022, according to our econometric models.

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Armenia Current Account to GDP

Related Last Previous Unit Reference
Current Account -57.92 -38.94 USD Million Sep/21
Current Account to GDP -4.00 -7.20 percent of GDP Dec/20
External Debt 13844.57 14044.71 USD Million Sep/21
Remittances 423.50 316.80 USD Million Jun/21
Foreign Direct Investment 82.70 3.50 USD Million Mar/21
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.