Total debt service in Armenia
Armenia: Total debt service was 7.3% in 2024. ◆ Volatile
Total debt service in Armenia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for total debt service in Armenia is 7.3%, measured in 2024.
That represents a change of down 38.3% on the previous year and down 38.7% over ten years.
Over the whole period, total debt service in Armenia peaked at 17.3% in 2013 and was at its lowest, 0.2%, in 1993.
Armenia ranks 29th of 122 countries on this measure, in the top quarter.
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 GNI | Change |
|---|---|---|
| 1993 | 0.2% | — |
| 1994 | 0.3% | +103.1% |
| 1995 | 0.7% | +120.8% |
| 1996 | 2.6% | +247.8% |
| 1997 | 1.4% | -46.9% |
| 1998 | 3.1% | +127.8% |
| 1999 | 3.3% | +5.7% |
| 2000 | 2.5% | -26.1% |
| 2001 | 2.6% | +4.6% |
| 2002 | 3.4% | +31.0% |
| 2003 | 4.3% | +27.5% |
| 2004 | 4.6% | +8.1% |
| 2005 | 2.8% | -39.8% |
| 2006 | 2.3% | -16.8% |
| 2007 | 2.0% | -13.3% |
| 2008 | 3.0% | +48.5% |
| 2009 | 4.7% | +57.6% |
| 2010 | 10.0% | +112.0% |
| 2011 | 8.9% | -10.6% |
| 2012 | 10.7% | +19.5% |
| 2013 | 17.3% | +62.7% |
| 2014 | 11.8% | -31.7% |
| 2015 | 14.1% | +18.9% |
| 2016 | 13.5% | -3.9% |
| 2017 | 12.0% | -11.2% |
| 2018 | 13.2% | +9.6% |
| 2019 | 15.0% | +14.0% |
| 2020 | 15.6% | +3.8% |
| 2021 | 14.1% | -9.3% |
| 2022 | 10.5% | -25.9% |
| 2023 | 11.8% | +12.5% |
| 2024 | 7.3% | -38.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.7% | 0.2% | 3.3% | 7 |
| 2000s | 3.2% | 2.0% | 4.7% | 10 |
| 2010s | 12.7% | 8.9% | 17.3% | 10 |
| 2020s | 11.8% | 7.3% | 15.6% | 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)
- 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 total debt service in Armenia?
- Total debt service in Armenia was 7.3% 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 17.3% in 2013.
- What is the lowest total debt service recorded in Armenia?
- The lowest recorded value was 0.2% in 1993.
- How does Armenia rank for total debt service?
- Armenia ranks 29th out of 122 countries with data for 2024.
- Is total debt service rising or falling in Armenia?
- Over the last ten years it is down 38.7%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.