Armenia vs Georgia: Liquid liabilities to GDP

Armenia
42.5%
in 2021
Georgia
46.3%
in 2021
Armenia rank
133rd
Georgia rank
131st

Liquid liabilities to GDP over time

  • Armenia
  • Georgia
020406080199220062021

How they compare

Georgia currently reports 46.3% against 42.5% in Armenia, a difference of 3.8%.

That makes Georgia's figure about 1.1 times Armenia's.

The two have swapped places 6 times across 27 shared years of data; in 1995 it was Georgia ahead.

Armenia ranks 133rd and Georgia ranks 131st of 186 countries.

Across the 4 decades both report, Armenia averaged higher in 2 and Georgia in 2.

Head to head by decade

Decade Armenia Georgia Difference Ahead
1990s 9.2% 7.6% 1.5% Armenia
2000s 16.6% 15.8% 0.8% Armenia
2010s 28.7% 31.4% 2.7% Georgia
2020s 42.0% 48.5% 6.5% Georgia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher liquid liabilities to gdp, Armenia or Georgia?
Georgia, at 46.3% against 42.5% in Armenia as of 2021.
What is the difference in liquid liabilities to gdp between Armenia and Georgia?
3.8%, with Georgia ahead.
How many years of comparable data are there for Armenia and Georgia?
27 years are reported by both, from 1995 to 2021.
How do Armenia and Georgia rank globally for liquid liabilities to gdp?
Armenia ranks 133rd and Georgia ranks 131st of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Liquid liabilities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Georgia: Liquid liabilities to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 27 August 2026, from https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/armenia/georgia/

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About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,545 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.