Total debt service in Armenia
Armenia: Total debt service was 9.2% in 2024. ◆ Volatile
Total debt service in Armenia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Armenia recorded 9.2% for total debt service in 2024.
The figure is down 48.5% on the previous year and down 71.1% over ten years.
Over the whole period, total debt service in Armenia peaked at 46.3% in 2013 and was at its lowest, 1.2%, in 1993.
That places Armenia 83rd out of 120 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Armenia, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1993 | 1.2% | — |
| 1994 | 1.9% | +68.1% |
| 1995 | 3.2% | +62.6% |
| 1996 | 9.5% | +202.5% |
| 1997 | 5.1% | -47.0% |
| 1998 | 13.3% | +162.7% |
| 1999 | 13.2% | -0.8% |
| 2000 | 8.7% | -34.2% |
| 2001 | 8.4% | -3.0% |
| 2002 | 9.3% | +11.1% |
| 2003 | 10.8% | +15.8% |
| 2004 | 11.4% | +5.4% |
| 2005 | 7.3% | -35.9% |
| 2006 | 6.7% | -8.0% |
| 2007 | 6.7% | -1.0% |
| 2008 | 12.0% | +79.8% |
| 2009 | 17.4% | +45.2% |
| 2010 | 29.7% | +70.9% |
| 2011 | 24.6% | -17.3% |
| 2012 | 29.2% | +18.6% |
| 2013 | 46.3% | +58.9% |
| 2014 | 31.7% | -31.6% |
| 2015 | 38.4% | +21.2% |
| 2016 | 33.1% | -13.8% |
| 2017 | 26.4% | -20.2% |
| 2018 | 28.6% | +8.1% |
| 2019 | 31.0% | +8.4% |
| 2020 | 45.6% | +47.3% |
| 2021 | 34.9% | -23.4% |
| 2022 | 17.5% | -49.8% |
| 2023 | 17.8% | +1.6% |
| 2024 | 9.2% | -48.5% |
Armenia compared with similar countries
- Armenia's 9.2% is below the median for upper middle income countries, which is 14.4%, 64% of the median. (51 countries reporting)
- Armenia's 9.2% is below the median for Europe & Central Asia, which is 14.0%, 66% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.8% | 1.2% | 13.3% | 7 |
| 2000s | 9.9% | 6.7% | 17.4% | 10 |
| 2010s | 31.9% | 24.6% | 46.3% | 10 |
| 2020s | 25.0% | 9.2% | 45.6% | 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 total debt service in Armenia?
- Total debt service in Armenia was 9.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Armenia?
- The highest recorded value was 46.3% in 2013.
- What is the lowest total debt service recorded in Armenia?
- The lowest recorded value was 1.2% in 1993.
- How does Armenia rank for total debt service?
- Armenia ranks 83rd out of 120 countries with data for 2024.
- Is total debt service rising or falling in Armenia?
- Over the last ten years it is down 71.1%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.