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
Latest (2024)
-4.6%
Change on year
down 66.1%
World rank
144th
of 204 countries
All-time high
0.7%
in 2022
All-time low
-16.5%
in 2009
Years of data
25
2000–2024
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 144th of 204 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% |
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
- 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 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 144th out of 204 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).