Current account balance as a share of GDP in Armenia
Armenia: Current account balance as a share of GDP was -4.6% in 2024. ◆ Volatile
Current account balance as a share of GDP in Armenia, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for current account balance as a share of gdp in Armenia is -4.6%, measured in 2024.
That represents a change of down 66.1% on the previous year and up 40.8% over ten years.
Over the whole period, current account balance as a share of gdp in Armenia peaked at 0.7% in 2022 and was at its lowest, -16.5%, in 2009.
That places Armenia 138th out of 193 countries with data for 2024, putting it 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 share 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% | -64.4% |
| 2005 | -2.5% | +15.0% |
| 2006 | -2.4% | -5.1% |
| 2007 | -7.4% | +206.7% |
| 2008 | -14.2% | +93.2% |
| 2009 | -16.5% | +15.9% |
| 2010 | -13.6% | -17.4% |
| 2011 | -10.4% | -23.3% |
| 2012 | -10.0% | -4.6% |
| 2013 | -7.3% | -26.5% |
| 2014 | -7.8% | +6.1% |
| 2015 | -2.7% | -65.8% |
| 2016 | -1.0% | -63.9% |
| 2017 | -1.3% | +31.3% |
| 2018 | -7.2% | +473.8% |
| 2019 | -7.1% | -2.4% |
| 2020 | -4.0% | -43.3% |
| 2021 | -3.4% | -15.0% |
| 2022 | 0.7% | -121.8% |
| 2023 | -2.8% | -474.3% |
| 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)
- Services, value added (current US$), annual growth rate 11.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6134 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 5,811 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.86 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 237.38 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 2.25 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 6.9 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3609 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Armenia?
- Current account balance as a share of gdp in Armenia was -4.6% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share of gdp recorded in Armenia?
- The highest recorded value was 0.7% in 2022.
- What is the lowest current account balance as a share of gdp recorded in Armenia?
- The lowest recorded value was -16.5% in 2009.
- How does Armenia rank for current account balance as a share of gdp?
- Armenia ranks 138th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).