Debt service as a proportion of exports of goods, services and in Armenia
Armenia: Debt service as a proportion of exports of goods, services and was 5.5% in 2023. ◆ Volatile
Latest (2023)
5.5%
Change on year
up 28.9%
World rank
85th
of 125 countries
All-time high
19.5%
in 2013
All-time low
1.8%
in 2008
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Armenia, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for debt service as a proportion of exports of goods, services and in Armenia is 5.5%, measured in 2023.
That represents a change of up 28.9% on the previous year and down 71.6% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Armenia peaked at 19.5% in 2013 and was at its lowest, 1.8%, in 2008.
That places Armenia 85th out of 125 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a proportion of exports of goods, services and in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 8.2% | — |
| 2001 | 8.2% | -0.5% |
| 2002 | 7.9% | -3.1% |
| 2003 | 8.8% | +10.9% |
| 2004 | 6.6% | -25.5% |
| 2005 | 3.3% | -49.5% |
| 2006 | 2.8% | -16.7% |
| 2007 | 1.9% | -30.8% |
| 2008 | 1.8% | -6.3% |
| 2009 | 2.9% | +64.5% |
| 2010 | 2.7% | -6.7% |
| 2011 | 2.7% | -2.6% |
| 2012 | 5.9% | +122.4% |
| 2013 | 19.5% | +228.2% |
| 2014 | 5.9% | -69.9% |
| 2015 | 9.6% | +64.1% |
| 2016 | 5.3% | -44.9% |
| 2017 | 5.2% | -1.2% |
| 2018 | 6.4% | +21.6% |
| 2019 | 12.4% | +93.9% |
| 2020 | 13.1% | +5.5% |
| 2021 | 8.4% | -35.5% |
| 2022 | 4.3% | -49.0% |
| 2023 | 5.5% | +28.9% |
Armenia compared with similar countries
- Armenia's 5.5% is below the median for upper middle income countries, which is 7.6%, 73% of the median. (49 countries reporting)
- Armenia's 5.5% is below the median for Europe & Central Asia, which is 6.6%, 83% of the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.2% | 1.8% | 8.8% | 10 |
| 2010s | 7.6% | 2.7% | 19.5% | 10 |
| 2020s | 7.8% | 4.3% | 13.1% | 4 |
Countries ranked near Armenia
- 82 Haiti 5.6% compare
- 83 Madagascar 5.6% compare
- 84 Lesotho 5.6% compare
- 86 Philippines 5.2% compare
- 87 Guatemala 5.1% compare
- 88 Tajikistan 5.1% 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 252.31 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0086 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 81.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 605.13 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 359.96 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0207 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 196.04 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 38.07 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Armenia?
- Debt service as a proportion of exports of goods, services and in Armenia was 5.5% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Armenia?
- The highest recorded value was 19.5% in 2013.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Armenia?
- The lowest recorded value was 1.8% in 2008.
- How does Armenia rank for debt service as a proportion of exports of goods, services and?
- Armenia ranks 85th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Armenia?
- Over the last ten years it is down 71.6%. 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 Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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