External balance on goods and services as a percent of GDP in Armenia
Armenia: External balance on goods and services as a percent of GDP was -5.5% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Armenia, 1990–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
Armenia recorded -5.5% for external balance on goods and services as a percent of gdp in 2025.
Compared with earlier readings it is down 95.7% on the previous year and up 55.0% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Armenia peaked at -0.7% in 2022 and was at its lowest, -38.3%, in 1995.
Armenia ranks 114th of 191 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.
External balance on goods and services as a percent of GDP in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | -11.3% | — |
| 1991 | -19.4% | +71.0% |
| 1992 | -21.4% | +10.6% |
| 1993 | -13.5% | -36.9% |
| 1994 | -33.8% | +149.5% |
| 1995 | -38.3% | +13.3% |
| 1996 | -32.7% | -14.4% |
| 1997 | -38.0% | +16.0% |
| 1998 | -33.8% | -11.0% |
| 1999 | -29.0% | -14.2% |
| 2000 | -27.9% | -3.9% |
| 2001 | -21.6% | -22.7% |
| 2002 | -18.3% | -15.1% |
| 2003 | -19.1% | +4.2% |
| 2004 | -16.7% | -12.6% |
| 2005 | -15.5% | -7.0% |
| 2006 | -16.7% | +7.9% |
| 2007 | -20.6% | +23.0% |
| 2008 | -26.0% | +26.3% |
| 2009 | -27.9% | +7.4% |
| 2010 | -25.1% | -10.0% |
| 2011 | -24.4% | -3.0% |
| 2012 | -20.8% | -14.6% |
| 2013 | -20.8% | +0.0% |
| 2014 | -18.7% | -10.5% |
| 2015 | -12.2% | -34.4% |
| 2016 | -8.6% | -29.8% |
| 2017 | -10.8% | +25.4% |
| 2018 | -13.7% | +27.1% |
| 2019 | -13.3% | -2.7% |
| 2020 | -10.0% | -25.2% |
| 2021 | -7.9% | -20.6% |
| 2022 | -0.7% | -90.7% |
| 2023 | -1.4% | +90.3% |
| 2024 | -2.8% | +100.7% |
| 2025 | -5.5% | +95.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -27.1% | -38.3% | -11.3% | 10 |
| 2000s | -21.0% | -27.9% | -15.5% | 10 |
| 2010s | -16.8% | -25.1% | -8.6% | 10 |
| 2020s | -4.7% | -10.0% | -0.7% | 6 |
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)
- 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 external balance on goods and services as a percent of gdp in Armenia?
- External balance on goods and services as a percent of gdp in Armenia was -5.5% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Armenia?
- The highest recorded value was -0.7% in 2022.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Armenia?
- The lowest recorded value was -38.3% in 1995.
- How does Armenia rank for external balance on goods and services as a percent of gdp?
- Armenia ranks 114th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Armenia?
- Over the last ten years it is up 55.0%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.