Adjusted savings: gross savings in Armenia
Armenia: Adjusted savings: gross savings was 17.0% in 2021. ◆ Volatile
Adjusted savings: gross savings in Armenia, 1993–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Armenia is 17.0%, measured in 2021.
Compared with earlier readings it is up 4.9% on the previous year and up 58.4% over ten years.
Over the whole period, adjusted savings: gross savings in Armenia peaked at 27.3% in 2006 and was at its lowest, -5.4%, in 1993.
That places Armenia 124th out of 178 countries with data for 2021, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Armenia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1993 | -5.4% | — |
| 1994 | 2.6% | -147.3% |
| 1995 | -2.1% | -180.5% |
| 1996 | 1.7% | -183.8% |
| 1997 | 3.7% | +112.5% |
| 1998 | 0.7% | -80.2% |
| 1999 | 2.8% | +275.3% |
| 2000 | -0.9% | -132.7% |
| 2001 | 5.3% | -684.3% |
| 2002 | 9.9% | +88.5% |
| 2003 | 15.8% | +59.7% |
| 2004 | 18.9% | +19.7% |
| 2005 | 23.3% | +23.2% |
| 2006 | 27.3% | +16.8% |
| 2007 | 27.1% | -0.4% |
| 2008 | 26.3% | -2.9% |
| 2009 | 13.5% | -48.8% |
| 2010 | 12.6% | -6.7% |
| 2011 | 10.7% | -14.8% |
| 2012 | 13.6% | +26.5% |
| 2013 | 14.0% | +3.1% |
| 2014 | 12.7% | -9.1% |
| 2015 | 17.7% | +39.5% |
| 2016 | 17.5% | -1.5% |
| 2017 | 16.4% | -6.4% |
| 2018 | 15.1% | -7.6% |
| 2019 | 9.8% | -35.0% |
| 2020 | 16.2% | +64.6% |
| 2021 | 17.0% | +4.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | -5.4% | 3.7% | 7 |
| 2000s | 16.7% | -0.9% | 27.3% | 10 |
| 2010s | 14.0% | 9.8% | 17.7% | 10 |
| 2020s | 16.6% | 16.2% | 17.0% | 2 |
Countries ranked near Armenia
- 121 United States of America 17.9% compare
- 122 Burkina Faso 17.8% compare
- 123 Montenegro 17.1% compare
- 125 Zimbabwe 16.8% compare
- 126 Costa Rica 16.8% compare
- 127 Kenya 16.7% compare
More economy & growth data for Armenia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate -27.47 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 186.15 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 1.76 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate -30.5 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2929 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 2,775 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 12.99 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2142 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Armenia?
- Adjusted savings: gross savings in Armenia was 17.0% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Armenia?
- The highest recorded value was 27.3% in 2006.
- What is the lowest adjusted savings: gross savings recorded in Armenia?
- The lowest recorded value was -5.4% in 1993.
- How does Armenia rank for adjusted savings: gross savings?
- Armenia ranks 124th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Armenia?
- Over the last ten years it is up 58.4%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.