Short-term debt in Armenia
Armenia: Short-term debt was 94.9% in 2024. ◆ Volatile
Short-term debt in Armenia, 1993–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
The most recent figure for short-term debt in Armenia is 94.9%, measured in 2024. That is the highest value across all 32 years on record.
The figure is up 10.2% on the previous year and up 55.7% over ten years.
Over the whole period, short-term debt in Armenia peaked at 94.9% in 2024 and was at its lowest, 0.1%, in 1993.
Armenia ranks 14th of 111 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Armenia, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1993 | 0.1% | — |
| 1994 | 3.0% | +1906.7% |
| 1995 | 1.9% | -34.8% |
| 1996 | 0.8% | -56.8% |
| 1997 | 9.2% | +1004.9% |
| 1998 | 15.4% | +67.5% |
| 1999 | 16.2% | +5.2% |
| 2000 | 14.1% | -12.8% |
| 2001 | 12.7% | -9.9% |
| 2002 | 51.0% | +300.9% |
| 2003 | 80.5% | +57.7% |
| 2004 | 74.9% | -7.0% |
| 2005 | 44.5% | -40.6% |
| 2006 | 28.6% | -35.7% |
| 2007 | 30.2% | +5.4% |
| 2008 | 37.0% | +22.7% |
| 2009 | 26.4% | -28.7% |
| 2010 | 35.1% | +33.1% |
| 2011 | 46.8% | +33.1% |
| 2012 | 46.8% | +0.1% |
| 2013 | 51.1% | +9.1% |
| 2014 | 61.0% | +19.4% |
| 2015 | 37.4% | -38.7% |
| 2016 | 48.6% | +30.1% |
| 2017 | 38.4% | -21.0% |
| 2018 | 50.2% | +30.7% |
| 2019 | 56.0% | +11.5% |
| 2020 | 61.3% | +9.5% |
| 2021 | 47.2% | -23.0% |
| 2022 | 78.8% | +67.1% |
| 2023 | 86.1% | +9.2% |
| 2024 | 94.9% | +10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.7% | 0.1% | 16.2% | 7 |
| 2000s | 40.0% | 12.7% | 80.5% | 10 |
| 2010s | 47.1% | 35.1% | 61.0% | 10 |
| 2020s | 73.7% | 47.2% | 94.9% | 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)
- Manufacturing, value added (current US$), per unit of GDP 0.1099 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 1,041 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 42.54 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 403,026 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0578 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 547.68 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 244,539 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 13.7 % change on previous year (2025)
Frequently asked questions
- What is short-term debt in Armenia?
- Short-term debt in Armenia was 94.9% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Armenia?
- The highest recorded value was 94.9% in 2024.
- What is the lowest short-term debt recorded in Armenia?
- The lowest recorded value was 0.1% in 1993.
- How does Armenia rank for short-term debt?
- Armenia ranks 14th out of 111 countries with data for 2024.
- Is short-term debt rising or falling in Armenia?
- Over the last ten years it is up 55.7%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.