Balanced trade in services in Armenia
Armenia: Balanced trade in services was 1.06 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Armenia, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Armenia recorded 1.06 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 13.8% on the previous year and up 91.2% over ten years.
Over the whole period, balanced trade in services in Armenia peaked at 1.06 US dollars, exchange rate converted in 2024 and was at its lowest, 0.2212 US dollars, exchange rate converted, in 2005.
Armenia ranks 117th of 174 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Balanced trade in services in Armenia, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.2212 US dollars, exchange rate converted | — |
| 2006 | 0.2606 US dollars, exchange rate converted | +17.8% |
| 2007 | 0.3363 US dollars, exchange rate converted | +29.0% |
| 2008 | 0.3936 US dollars, exchange rate converted | +17.0% |
| 2009 | 0.3716 US dollars, exchange rate converted | -5.6% |
| 2010 | 0.4085 US dollars, exchange rate converted | +9.9% |
| 2011 | 0.4354 US dollars, exchange rate converted | +6.6% |
| 2012 | 0.4725 US dollars, exchange rate converted | +8.5% |
| 2013 | 0.5188 US dollars, exchange rate converted | +9.8% |
| 2014 | 0.5537 US dollars, exchange rate converted | +6.7% |
| 2015 | 0.5631 US dollars, exchange rate converted | +1.7% |
| 2016 | 0.5563 US dollars, exchange rate converted | -1.2% |
| 2017 | 0.6031 US dollars, exchange rate converted | +8.4% |
| 2018 | 0.6679 US dollars, exchange rate converted | +10.7% |
| 2019 | 0.767 US dollars, exchange rate converted | +14.8% |
| 2020 | 0.3121 US dollars, exchange rate converted | -59.3% |
| 2021 | 0.4445 US dollars, exchange rate converted | +42.4% |
| 2022 | 0.7584 US dollars, exchange rate converted | +70.6% |
| 2023 | 0.9309 US dollars, exchange rate converted | +22.7% |
| 2024 | 1.06 US dollars, exchange rate converted | +13.8% |
Armenia compared with similar countries
- Armenia's 1.06 US dollars, exchange rate converted is below the median for upper middle income countries, which is 2.12 US dollars, exchange rate converted, 50% of the median. (50 countries reporting)
- Armenia's 1.06 US dollars, exchange rate converted is below the median for Europe & Central Asia, which is 3.39 US dollars, exchange rate converted, 31% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Balanced trade in services in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -59.3% | 0.767 US dollars, exchange rate converted | 0.3121 US dollars, exchange rate converted |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3166 US dollars, exchange rate converted | 0.2212 US dollars, exchange rate converted | 0.3936 US dollars, exchange rate converted | 5 |
| 2010s | 0.5546 US dollars, exchange rate converted | 0.4085 US dollars, exchange rate converted | 0.767 US dollars, exchange rate converted | 10 |
| 2020s | 0.701 US dollars, exchange rate converted | 0.3121 US dollars, exchange rate converted | 1.06 US dollars, exchange rate converted | 5 |
Countries ranked near Armenia
- 114 Gabon 1.11 US dollars, exchange rate converted compare
- 115 Nicaragua 1.1 US dollars, exchange rate converted compare
- 116 Somalia 1.07 US dollars, exchange rate converted compare
- 118 Zimbabwe 1.04 US dollars, exchange rate converted compare
- 119 Kyrgyzstan 1.02 US dollars, exchange rate converted compare
- 120 Zambia 0.9781 US dollars, exchange rate converted 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)
- SDRs holdings, US dollar, annual growth rate -34.44 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 0.41 units per person (2025)
- SDRs holdings, SDR, annual growth rate -37.57 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 0.2994 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -31.41 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0088 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Armenia?
- Balanced trade in services in Armenia was 1.06 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Armenia?
- The highest recorded value was 1.06 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Armenia?
- The lowest recorded value was 0.2212 US dollars, exchange rate converted in 2005.
- How does Armenia rank for balanced trade in services?
- Armenia ranks 117th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Armenia?
- Over the last ten years it is up 91.2%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html