Current account balance as a proportion of GDP (%) in Armenia
Armenia: Current account balance as a proportion of GDP (%) was -4.6% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, current account balance as a proportion of gdp in Armenia stood at -4.6%.
The figure is down 66.1% on the previous year and up 40.8% over ten years.
Over the whole period, current account balance as a proportion of gdp in Armenia peaked at 0.7% in 2022 and was at its lowest, -16.5%, in 2009.
Armenia ranks 145th of 205 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -15.8% | — |
| 2001 | -10.4% | -33.8% |
| 2002 | -6.2% | -40.4% |
| 2003 | -6.2% | -0.6% |
| 2004 | -2.2% | -64.3% |
| 2005 | -2.5% | +14.7% |
| 2006 | -2.4% | -5.3% |
| 2007 | -7.4% | +207.1% |
| 2008 | -14.2% | +93.4% |
| 2009 | -16.5% | +15.9% |
| 2010 | -13.6% | -17.4% |
| 2011 | -10.4% | -23.4% |
| 2012 | -10.0% | -4.6% |
| 2013 | -7.3% | -26.6% |
| 2014 | -7.8% | +6.2% |
| 2015 | -2.7% | -65.7% |
| 2016 | -1.0% | -64.1% |
| 2017 | -1.3% | +31.8% |
| 2018 | -7.2% | +473.3% |
| 2019 | -7.1% | -2.4% |
| 2020 | -4.0% | -43.3% |
| 2021 | -3.4% | -15.0% |
| 2022 | 0.7% | -121.7% |
| 2023 | -2.8% | -475.4% |
| 2024 | -4.6% | +66.1% |
Armenia compared with similar countries
- Armenia's -4.6% is below the median for upper middle income countries, which is -2.1%, 2.2× the median. (53 countries reporting)
- Armenia's -4.6% is below the median for Europe & Central Asia, which is -0.7%, 6.5× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 |
|---|---|---|---|
| 2023 | -475.4% | 0.7% | -2.8% |
| 2018 | -473.3% | -1.3% | -7.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.4% | -16.5% | -2.2% | 10 |
| 2010s | -6.8% | -13.6% | -1.0% | 10 |
| 2020s | -2.8% | -4.6% | 0.7% | 5 |
Countries ranked near Armenia
More economy & growth data for Armenia
- Real gdp growth, annual growth rate 22.28 % change on previous year (2025)
- 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)
Frequently asked questions
- What is current account balance as a proportion of gdp in Armenia?
- Current account balance as a proportion of gdp in Armenia was -4.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Armenia?
- The highest recorded value was 0.7% in 2022.
- What is the lowest current account balance as a proportion of gdp recorded in Armenia?
- The lowest recorded value was -16.5% in 2009.
- How does Armenia rank for current account balance as a proportion of gdp?
- Armenia ranks 145th out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Armenia?
- Over the last ten years it is up 40.8%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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