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 July 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

Actual Previous Highest Lowest Dates Unit Frequency
45.60 48.49 48.49 13.56 1997 - 2019 percent of GDP Yearly

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent of GDP [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -50625.80 -175749.00 93147.40 -176100.10 AMD Million [+]
Government Revenues 362087.70 502229.30 502229.30 54380.30 AMD Million [+]
Government Debt 4329.20 3923.90 4329.20 491.00 AMD Billion [+]
Fiscal Expenditure 412713.50 677978.30 677978.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 635.00 652.00 652.00 52.10 USD Million [+]
Government Spending 188026.30 371885.20 371885.20 15855.90 AMD Million [+]
Government Spending To Gdp 16.00 24.80 28.60 16.00 percent of GDP [+]


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.