Bank Z-score in Armenia
Armenia: Bank Z-score was 12.32 in 2021. ▼ Falling
Bank Z-score in Armenia, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD).
Analysis
In 2021, bank z-score in Armenia stood at 12.32.
That represents a change of down 3.9% on the previous year and down 30.3% over ten years.
Over the whole period, bank z-score in Armenia peaked at 23.9 in 2008 and was at its lowest, 9.3, in 2000.
Armenia ranks 108th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Bank Z-score in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 9.3 | — |
| 2001 | 10.77 | +15.8% |
| 2002 | 15.34 | +42.5% |
| 2003 | 13.69 | -10.8% |
| 2004 | 17.28 | +26.2% |
| 2005 | 21.59 | +24.9% |
| 2006 | 22.71 | +5.2% |
| 2007 | 21.75 | -4.2% |
| 2008 | 23.9 | +9.9% |
| 2009 | 18.67 | -21.9% |
| 2010 | 20.03 | +7.3% |
| 2011 | 17.67 | -11.8% |
| 2012 | 16.44 | -7.0% |
| 2013 | 15.41 | -6.3% |
| 2014 | 13.38 | -13.1% |
| 2015 | 13.71 | +2.4% |
| 2016 | 14.91 | +8.8% |
| 2017 | 14.89 | -0.1% |
| 2018 | 14.44 | -3.0% |
| 2019 | 14.26 | -1.2% |
| 2020 | 12.83 | -10.1% |
| 2021 | 12.32 | -3.9% |
Armenia compared with similar countries
- Armenia's 12.32 is below the median for upper middle income countries, which is 15.47, 80% of the median. (48 countries reporting)
- Armenia's 12.32 is above the median for Europe & Central Asia, which is 11.21, 1.1× the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 17.5 | 9.3 | 23.9 | 10 |
| 2010s | 15.51 | 13.38 | 20.03 | 10 |
| 2020s | 12.57 | 12.32 | 12.83 | 2 |
Countries ranked near Armenia
More financial sector data for Armenia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0665 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0486 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0665 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is bank z-score in Armenia?
- Bank z-score in Armenia was 12.32 in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank z-score recorded in Armenia?
- The highest recorded value was 23.9 in 2008.
- What is the lowest bank z-score recorded in Armenia?
- The lowest recorded value was 9.3 in 2000.
- How does Armenia rank for bank z-score?
- Armenia ranks 108th out of 170 countries with data for 2021.
- Is bank z-score rising or falling in Armenia?
- Over the last ten years it is down 30.3%. The long-run trend across the full record is falling.
- Where does this Armenia data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank Z-score. Statizoid updates them automatically from the source API.
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CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
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.