Armenia vs Bhutan: Bank Z-score

Armenia
12.32
in 2021
Bhutan
12.46
in 2021
Armenia rank
107th
Bhutan rank
106th

Bank Z-score over time

  • Armenia
  • Bhutan
0510152025200020102021

How they compare

Bhutan currently reports 12.46 against 12.32 in Armenia, a difference of 0.14.

The two have swapped places 2 times across 9 shared years of data; in 2013 it was Bhutan ahead.

Armenia ranks 107th and Bhutan ranks 106th of 169 countries.

Across the 2 decades both report, Armenia averaged higher in 1 and Bhutan in 1.

Head to head by decade

Decade Armenia Bhutan Difference Ahead
2010s 14.43 19.81 5.38 Bhutan
2020s 12.57 11.83 0.7405 Armenia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank z-score, Armenia or Bhutan?
Bhutan, at 12.46 against 12.32 in Armenia as of 2021.
What is the difference in bank z-score between Armenia and Bhutan?
0.14, with Bhutan ahead.
How many years of comparable data are there for Armenia and Bhutan?
9 years are reported by both, from 2013 to 2021.
How do Armenia and Bhutan rank globally for bank z-score?
Armenia ranks 107th and Bhutan ranks 106th of 169 countries.
Where does this data come from?
Bankscope, Bureau van Dijk (BvD), published as Bank Z-score. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Bhutan: Bank Z-score. Statizoid, drawing on Bankscope, Bureau van Dijk (BvD). Retrieved 18 August 2026, from https://financial-sector.statizoid.com/compare/bank-z-score/armenia/bhutan/

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About this data

Indicator
Bank Z-score
Source
Bankscope, Bureau van Dijk (BvD)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
169 places, 3,285 data points, 2000–2021
Last refreshed

It captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures Calculated from underlying bank-by-bank unconsolidated data from Bankscope.