Volume of remittances (in United States dollars) as a proportion of in Armenia
Armenia: Volume of remittances (in United States dollars) as a proportion of was 4.9% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Armenia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Armenia is 4.9%, measured in 2024. That is the lowest value across all 25 years on record.
The figure is down 23.0% on the previous year and down 72.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Armenia peaked at 22.0% in 2004 and was at its lowest, 4.9%, in 2024.
Armenia ranks 67th of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.5% | — |
| 2001 | 9.9% | +3.6% |
| 2002 | 11.1% | +12.4% |
| 2003 | 12.0% | +7.7% |
| 2004 | 22.0% | +84.0% |
| 2005 | 18.7% | -15.2% |
| 2006 | 18.3% | -1.9% |
| 2007 | 17.9% | -2.5% |
| 2008 | 16.3% | -8.6% |
| 2009 | 16.6% | +2.0% |
| 2010 | 18.0% | +8.3% |
| 2011 | 17.7% | -1.6% |
| 2012 | 18.0% | +1.7% |
| 2013 | 19.7% | +9.3% |
| 2014 | 17.9% | -9.2% |
| 2015 | 14.1% | -21.1% |
| 2016 | 13.1% | -7.3% |
| 2017 | 13.3% | +1.8% |
| 2018 | 11.9% | -10.5% |
| 2019 | 11.2% | -6.1% |
| 2020 | 10.5% | -6.4% |
| 2021 | 11.2% | +6.9% |
| 2022 | 10.9% | -3.1% |
| 2023 | 6.4% | -41.2% |
| 2024 | 4.9% | -23.0% |
Armenia compared with similar countries
- Armenia's 4.9% is above the median for upper middle income countries, which is 3.6%, 1.4× the median. (53 countries reporting)
- Armenia's 4.9% is above the median for Europe & Central Asia, which is 1.5%, 3.2× the median. (50 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of 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 |
|---|---|---|---|
| 2004 | +84.0% | 12.0% | 22.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.2% | 9.5% | 22.0% | 10 |
| 2010s | 15.5% | 11.2% | 19.7% | 10 |
| 2020s | 8.8% | 4.9% | 11.2% | 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 volume of remittances (in united states dollars) as a proportion of in Armenia?
- Volume of remittances (in united states dollars) as a proportion of in Armenia was 4.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Armenia?
- The highest recorded value was 22.0% in 2004.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Armenia?
- The lowest recorded value was 4.9% in 2024.
- How does Armenia rank for volume of remittances (in united states dollars) as a proportion of?
- Armenia ranks 67th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Armenia?
- Over the last ten years it is down 72.5%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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