Central government debt, total in Armenia
Armenia: Central government debt, total was 47.9% in 2024. ▼ Falling
Central government debt, total in Armenia, 2019–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for central government debt, total in Armenia is 47.9%, measured in 2024.
That represents a change of down 0.4% on the previous year and down 4.3% over ten years.
That places Armenia 49th out of 83 countries with data for 2024, putting it in the middle of the range.
Central government debt, total in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2019 | 50.0% | — |
| 2020 | 63.4% | +26.7% |
| 2021 | 60.1% | -5.2% |
| 2022 | 46.6% | -22.5% |
| 2023 | 48.1% | +3.2% |
| 2024 | 47.9% | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 50.0% | 50.0% | 50.0% | 1 |
| 2020s | 53.2% | 46.6% | 63.4% | 5 |
Countries ranked near Armenia
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)
- General government final consumption expenditure (current LCU) 6.14 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 39.45 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 373,781 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 4.7 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.0518 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 490.67 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 17.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.711 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is central government debt, total in Armenia?
- Central government debt, total in Armenia was 47.9% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Armenia?
- The highest recorded value was 63.4% in 2020.
- What is the lowest central government debt, total recorded in Armenia?
- The lowest recorded value was 46.6% in 2022.
- How does Armenia rank for central government debt, total?
- Armenia ranks 49th out of 83 countries with data for 2024.
- Is central government debt, total rising or falling in Armenia?
- Over the last ten years it is down 4.3%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.