Debt service as a share of exports of good and services in Armenia
Armenia: Debt service as a share of exports of good and services was 5.5% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Armenia, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for debt service as a share of exports of good and services in Armenia is 5.5%, measured in 2023.
Compared with earlier readings it is up 28.8% on the previous year and down 71.6% over ten years.
Over the whole period, debt service as a share of exports of good and services in Armenia peaked at 19.5% in 2013 and was at its lowest, 1.8%, in 2008.
That places Armenia 80th out of 116 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 share of exports of good and services in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 8.2% | — |
| 2001 | 8.2% | -0.5% |
| 2002 | 7.9% | -3.1% |
| 2003 | 8.8% | +10.8% |
| 2004 | 6.5% | -25.6% |
| 2005 | 3.3% | -49.5% |
| 2006 | 2.8% | -16.6% |
| 2007 | 1.9% | -30.8% |
| 2008 | 1.8% | -6.3% |
| 2009 | 2.9% | +64.2% |
| 2010 | 2.7% | -6.8% |
| 2011 | 2.7% | -2.6% |
| 2012 | 5.9% | +122.5% |
| 2013 | 19.5% | +228.3% |
| 2014 | 5.9% | -69.9% |
| 2015 | 9.6% | +64.2% |
| 2016 | 5.3% | -44.8% |
| 2017 | 5.2% | -1.3% |
| 2018 | 6.4% | +21.8% |
| 2019 | 12.4% | +93.9% |
| 2020 | 13.1% | +5.5% |
| 2021 | 8.4% | -35.5% |
| 2022 | 4.3% | -48.9% |
| 2023 | 5.5% | +28.8% |
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
- 78 Madagascar 5.6% compare
- 79 Lesotho 5.6% compare
- 81 Philippines 5.2% compare
- 82 Guatemala 5.1% compare
- 83 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 share of exports of good and services in Armenia?
- Debt service as a share of exports of good and services in Armenia was 5.5% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Armenia?
- The highest recorded value was 19.5% in 2013.
- What is the lowest debt service as a share of exports of good and services recorded in Armenia?
- The lowest recorded value was 1.8% in 2008.
- How does Armenia rank for debt service as a share of exports of good and services?
- Armenia ranks 80th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services 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 World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).