Short-term debt in Armenia
Armenia: Short-term debt was 17.7% in 2024. ▲ Rising
Short-term debt in Armenia, 1995–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
The most recent figure for short-term debt in Armenia is 17.7%, measured in 2024.
The figure is down 11.5% on the previous year and down 11.9% over ten years.
Over the whole period, short-term debt in Armenia peaked at 37.8% in 2020 and was at its lowest, 0.3%, in 1996.
Armenia ranks 46th of 119 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Short-term debt in Armenia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1995 | 0.6% | — |
| 1996 | 0.3% | -47.7% |
| 1997 | 4.6% | +1384.3% |
| 1998 | 9.8% | +110.6% |
| 1999 | 10.3% | +5.0% |
| 2000 | 8.0% | -22.4% |
| 2001 | 6.3% | -20.8% |
| 2002 | 24.9% | +294.7% |
| 2003 | 35.2% | +41.5% |
| 2004 | 27.1% | -23.0% |
| 2005 | 15.3% | -43.5% |
| 2006 | 13.3% | -13.0% |
| 2007 | 17.1% | +28.4% |
| 2008 | 16.9% | -1.1% |
| 2009 | 21.7% | +28.4% |
| 2010 | 20.1% | -7.4% |
| 2011 | 23.7% | +18.0% |
| 2012 | 20.9% | -12.0% |
| 2013 | 26.0% | +24.7% |
| 2014 | 20.0% | -23.1% |
| 2015 | 16.5% | -17.7% |
| 2016 | 24.3% | +47.3% |
| 2017 | 16.4% | -32.6% |
| 2018 | 19.4% | +18.6% |
| 2019 | 23.8% | +22.7% |
| 2020 | 37.8% | +58.4% |
| 2021 | 28.0% | -25.9% |
| 2022 | 28.6% | +2.1% |
| 2023 | 20.0% | -30.1% |
| 2024 | 17.7% | -11.5% |
Armenia compared with similar countries
- Armenia's 17.7% is above the median for upper middle income countries, which is 17.7%, 1.0× the median. (51 countries reporting)
- Armenia's 17.7% is below the median for Europe & Central Asia, which is 18.6%, 95% of the median. (19 countries reporting)
Biggest year-on-year movements
Years where Short-term debt in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1997 | +1384.3% | 0.3% | 4.6% |
| 2002 | +294.7% | 6.3% | 24.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.1% | 0.3% | 10.3% | 5 |
| 2000s | 18.6% | 6.3% | 35.2% | 10 |
| 2010s | 21.1% | 16.4% | 26.0% | 10 |
| 2020s | 26.4% | 17.7% | 37.8% | 5 |
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 short-term debt in Armenia?
- Short-term debt in Armenia was 17.7% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Armenia?
- The highest recorded value was 37.8% in 2020.
- What is the lowest short-term debt recorded in Armenia?
- The lowest recorded value was 0.3% in 1996.
- How does Armenia rank for short-term debt?
- Armenia ranks 46th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Armenia?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.