External debt as a share of gni in Armenia
Armenia: External debt as a share of gni was 67.59 in 2023. ▲ Rising
Latest (2023)
67.59
Change on year
down 19.4%
World rank
29th
of 118 countries
All-time high
105.01
in 2020
All-time low
29.24
in 2008
Years of data
24
2000–2023
External debt as a share of gni in Armenia, 2000–2023
Source: Our World in Data.
Analysis
Armenia recorded 67.59 for external debt as a share of gni in 2023.
The figure is down 19.4% on the previous year and down 8.1% over ten years.
Over the whole period, external debt as a share of gni in Armenia peaked at 105.01 in 2020 and was at its lowest, 29.24, in 2008.
That places Armenia 29th out of 118 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 24 years of available data.
External debt as a share of gni in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 51.68 | — |
| 2001 | 64.64 | +25.1% |
| 2002 | 69.94 | +8.2% |
| 2003 | 68.83 | -1.6% |
| 2004 | 56.59 | -17.8% |
| 2005 | 38.58 | -31.8% |
| 2006 | 31.99 | -17.1% |
| 2007 | 31.76 | -0.7% |
| 2008 | 29.24 | -7.9% |
| 2009 | 54.79 | +87.4% |
| 2010 | 64.9 | +18.5% |
| 2011 | 70.56 | +8.7% |
| 2012 | 69.19 | -1.9% |
| 2013 | 73.54 | +6.3% |
| 2014 | 70.52 | -4.1% |
| 2015 | 80.42 | +14.0% |
| 2016 | 91.33 | +13.6% |
| 2017 | 85.71 | -6.2% |
| 2018 | 84.73 | -1.1% |
| 2019 | 86.07 | +1.6% |
| 2020 | 105.01 | +22.0% |
| 2021 | 104.15 | -0.8% |
| 2022 | 83.88 | -19.5% |
| 2023 | 67.59 | -19.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 49.8 | 29.24 | 69.94 | 10 |
| 2010s | 77.7 | 64.9 | 91.33 | 10 |
| 2020s | 90.16 | 67.59 | 105.01 | 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 external debt as a share of gni in Armenia?
- External debt as a share of gni in Armenia was 67.59 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Armenia?
- The highest recorded value was 105.01 in 2020.
- What is the lowest external debt as a share of gni recorded in Armenia?
- The lowest recorded value was 29.24 in 2008.
- How does Armenia rank for external debt as a share of gni?
- Armenia ranks 29th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Armenia?
- Over the last ten years it is down 8.1%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).