Armenia vs Heavily indebted poor countries (HIPC): Domestic credit to private sector
Domestic credit to private sector over time
- Armenia
- Heavily indebted poor countries (HIPC)
How they compare
Armenia currently reports 70.5% against 22.2% in Heavily indebted poor countries (HIPC), a difference of 48.3%.
That makes Armenia's figure about 3.2 times Heavily indebted poor countries (HIPC)'s.
Across all 15 years both countries report, Armenia has been ahead every year.
Armenia ranks 44th and Heavily indebted poor countries (HIPC) ranks 43rd of 187 countries.
Armenia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Armenia | Heavily indebted poor countries (HIPC) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.9% | 14.4% | 10.4% | Armenia |
| 2010s | 45.7% | 17.4% | 28.3% | Armenia |
| 2020s | 60.5% | 21.0% | 39.5% | Armenia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Armenia or Heavily indebted poor countries (HIPC)?
- Armenia, at 70.5% against 22.2% in Heavily indebted poor countries (HIPC) as of 2025.
- What is the difference in domestic credit to private sector between Armenia and Heavily indebted poor countries (HIPC)?
- 48.3%, with Armenia ahead.
- How many years of comparable data are there for Armenia and Heavily indebted poor countries (HIPC)?
- 15 years are reported by both, from 2009 to 2023.
- How do Armenia and Heavily indebted poor countries (HIPC) rank globally for domestic credit to private sector?
- Armenia ranks 44th and Heavily indebted poor countries (HIPC) ranks 43rd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.