Armenia recorded a Government Debt to GDP of 62.79 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Armenia

Government Debt to GDP in Armenia averaged 37.51 percent of GDP from 1997 until 2020, reaching an all time high of 62.79 percent of GDP in 2020 and a record low of 14.25 percent of GDP in 2007. 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 October of 2021.

Government Debt to GDP in Armenia is expected to reach 56.30 percent of GDP by the end of 2021, 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 54.50 percent of GDP in 2022, according to our econometric models.

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Armenia Government External Debt to GDP

Armenia Last Unit Reference Previous Highest Lowest
Government Debt to GDP 62.79 percent of GDP Dec/20 49.91 62.79 14.25
Government Budget -5.40 percent of GDP Dec/20 -1.00 -0.70 -7.50
Government Spending To Gdp 16.00 percent of GDP Dec/20 24.80 28.60 16.00

Armenia Government External 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.