Expense in Armenia
Armenia: Expense was 20.9% in 2023. ▲ Rising
Expense in Armenia, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Armenia recorded 20.9% for expense in 2023.
The figure is down 1.0% on the previous year and down 7.5% over ten years.
Over the whole period, expense in Armenia peaked at 26.6% in 2020 and was at its lowest, 17.0%, in 2004.
Armenia ranks 104th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Expense in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 17.0% | — |
| 2005 | 18.1% | +7.0% |
| 2006 | 17.1% | -5.5% |
| 2007 | 17.0% | -0.6% |
| 2008 | 21.1% | +24.0% |
| 2009 | 23.9% | +12.9% |
| 2010 | 23.0% | -3.6% |
| 2011 | 22.6% | -1.9% |
| 2012 | 21.4% | -5.3% |
| 2013 | 22.6% | +5.9% |
| 2014 | 24.0% | +6.0% |
| 2015 | 25.1% | +4.5% |
| 2016 | 25.7% | +2.5% |
| 2017 | 22.6% | -12.0% |
| 2018 | 22.1% | -2.4% |
| 2019 | 21.8% | -1.4% |
| 2020 | 26.6% | +22.2% |
| 2021 | 25.0% | -6.1% |
| 2022 | 21.2% | -15.2% |
| 2023 | 20.9% | -1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19.0% | 17.0% | 23.9% | 6 |
| 2010s | 23.1% | 21.4% | 25.7% | 10 |
| 2020s | 23.4% | 20.9% | 26.6% | 4 |
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)
- GDP (current US$), annual growth rate 12.67 % change on previous year (2025)
- GDP (current US$), per capita 9,474 current US$ per person (2025)
- GDP (current LCU), annual growth rate 11.03 % change on previous year (2025)
- GDP (current LCU), per unit of GDP 387.01 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 3.67 million current LCU per person (2025)
- GDP (constant 2015 US$), annual growth rate 7.2 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5981 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 5,666 constant 2015 US$ per person (2025)
Frequently asked questions
- What is expense in Armenia?
- Expense in Armenia was 20.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Armenia?
- The highest recorded value was 26.6% in 2020.
- What is the lowest expense recorded in Armenia?
- The lowest recorded value was 17.0% in 2004.
- How does Armenia rank for expense?
- Armenia ranks 104th out of 157 countries with data for 2023.
- Is expense rising or falling in Armenia?
- Over the last ten years it is down 7.5%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.