Statizoid

Banking crisis dummy in Armenia

Armenia: Banking crisis dummy was 0 1=banking crisis, 0=none in 2017. ◆ Volatile

Latest (2017)
0 1=banking crisis, 0=none
World rank
4th
of 212 countries
All-time high
1 1=banking crisis, 0=none
in 1994
All-time low
0 1=banking crisis, 0=none
in 1970
Years of data
48
1970–2017

Banking crisis dummy in Armenia, 1970–2017

00.20.40.60.81197019932017

Source: Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163. Measured in 1=banking crisis, 0=none.

Analysis

In 2017, banking crisis dummy in Armenia stood at 0 1=banking crisis, 0=none. That is the lowest value across all 48 years on record.

Over the whole period, banking crisis dummy in Armenia peaked at 1 1=banking crisis, 0=none in 1994 and was at its lowest, 0 1=banking crisis, 0=none, in 1970.

Armenia ranks 4th of 212 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1970s 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 10
1980s 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 10
1990s 0.1 1=banking crisis, 0=none 0 1=banking crisis, 0=none 1 1=banking crisis, 0=none 10
2000s 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 10
2010s 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 0 1=banking crisis, 0=none 8

Countries ranked near Armenia

  1. 1 Guinea-Bissau 1 1=banking crisis, 0=none compare
  2. 1 Republic of Moldova 1 1=banking crisis, 0=none compare
  3. 1 Ukraine 1 1=banking crisis, 0=none compare
  4. 4 Afghanistan 0 1=banking crisis, 0=none compare
  5. 4 Albania 0 1=banking crisis, 0=none compare
  6. 4 Algeria 0 1=banking crisis, 0=none compare
  7. 4 Andorra, Principality of 0 1=banking crisis, 0=none compare
  8. 4 Angola 0 1=banking crisis, 0=none compare
  9. 4 Antigua and Barbuda 0 1=banking crisis, 0=none compare
  10. 4 Argentina 0 1=banking crisis, 0=none compare
  11. 4 Aruba, Kingdom of the Netherlands 0 1=banking crisis, 0=none compare
  12. 4 Australia 0 1=banking crisis, 0=none compare
  13. 4 Austria 0 1=banking crisis, 0=none compare
  14. 4 Azerbaijan, Republic of 0 1=banking crisis, 0=none compare
  15. 4 Bahamas 0 1=banking crisis, 0=none compare
  16. 4 Bahrain 0 1=banking crisis, 0=none compare
  17. 4 Bangladesh 0 1=banking crisis, 0=none compare
  18. 4 Barbados 0 1=banking crisis, 0=none compare
  19. 4 Belarus 0 1=banking crisis, 0=none compare
  20. 4 Belgium 0 1=banking crisis, 0=none compare
  21. 4 Belize 0 1=banking crisis, 0=none compare
  22. 4 Benin 0 1=banking crisis, 0=none compare
  23. 4 Bermuda 0 1=banking crisis, 0=none compare
  24. 4 Bhutan 0 1=banking crisis, 0=none compare
  25. 4 Bolivia, Plurinational State of 0 1=banking crisis, 0=none compare
  26. 4 Bosnia and Herzegovina 0 1=banking crisis, 0=none compare
  27. 4 Botswana 0 1=banking crisis, 0=none compare
  28. 4 Brazil 0 1=banking crisis, 0=none compare
  29. 4 Brunei Darussalam 0 1=banking crisis, 0=none compare
  30. 4 Bulgaria 0 1=banking crisis, 0=none compare
  31. 4 Burkina Faso 0 1=banking crisis, 0=none compare
  32. 4 Burundi 0 1=banking crisis, 0=none compare
  33. 4 Cape Verde 0 1=banking crisis, 0=none compare
  34. 4 Cambodia 0 1=banking crisis, 0=none compare
  35. 4 Cameroon 0 1=banking crisis, 0=none compare
  36. 4 Canada 0 1=banking crisis, 0=none compare
  37. 4 Cayman Islands 0 1=banking crisis, 0=none compare
  38. 4 Central African Republic 0 1=banking crisis, 0=none compare
  39. 4 Chad 0 1=banking crisis, 0=none compare
  40. 4 Chile 0 1=banking crisis, 0=none compare
  41. 4 China 0 1=banking crisis, 0=none compare
  42. 4 Colombia 0 1=banking crisis, 0=none compare
  43. 4 Comoros 0 1=banking crisis, 0=none compare
  44. 4 Congo, Democratic Republic of the 0 1=banking crisis, 0=none compare
  45. 4 Congo 0 1=banking crisis, 0=none compare
  46. 4 Costa Rica 0 1=banking crisis, 0=none compare
  47. 4 Côte d'Ivoire 0 1=banking crisis, 0=none compare
  48. 4 Croatia 0 1=banking crisis, 0=none compare
  49. 4 Cuba 0 1=banking crisis, 0=none compare
  50. 4 Curaçao 0 1=banking crisis, 0=none compare
  51. 4 Cyprus 0 1=banking crisis, 0=none compare
  52. 4 Czechia 0 1=banking crisis, 0=none compare
  53. 4 Denmark 0 1=banking crisis, 0=none compare
  54. 4 Djibouti 0 1=banking crisis, 0=none compare
  55. 4 Dominica 0 1=banking crisis, 0=none compare
  56. 4 Dominican Republic 0 1=banking crisis, 0=none compare
  57. 4 Ecuador 0 1=banking crisis, 0=none compare
  58. 4 Egypt 0 1=banking crisis, 0=none compare
  59. 4 El Salvador 0 1=banking crisis, 0=none compare
  60. 4 Equatorial Guinea 0 1=banking crisis, 0=none compare
  61. 4 Eritrea, The State of 0 1=banking crisis, 0=none compare
  62. 4 Estonia 0 1=banking crisis, 0=none compare
  63. 4 Eswatini 0 1=banking crisis, 0=none compare
  64. 4 Ethiopia 0 1=banking crisis, 0=none compare
  65. 4 Faroe Islands 0 1=banking crisis, 0=none compare
  66. 4 Fiji 0 1=banking crisis, 0=none compare
  67. 4 Finland 0 1=banking crisis, 0=none compare
  68. 4 France 0 1=banking crisis, 0=none compare
  69. 4 French Polynesia 0 1=banking crisis, 0=none compare
  70. 4 Gabon 0 1=banking crisis, 0=none compare
  71. 4 Gambia 0 1=banking crisis, 0=none compare
  72. 4 Georgia 0 1=banking crisis, 0=none compare
  73. 4 Germany 0 1=banking crisis, 0=none compare
  74. 4 Ghana 0 1=banking crisis, 0=none compare
  75. 4 Gibraltar 0 1=banking crisis, 0=none compare
  76. 4 Greece 0 1=banking crisis, 0=none compare
  77. 4 Greenland 0 1=banking crisis, 0=none compare
  78. 4 Grenada 0 1=banking crisis, 0=none compare
  79. 4 Guam 0 1=banking crisis, 0=none compare
  80. 4 Guatemala 0 1=banking crisis, 0=none compare
  81. 4 Guinea 0 1=banking crisis, 0=none compare
  82. 4 Guyana 0 1=banking crisis, 0=none compare
  83. 4 Haiti 0 1=banking crisis, 0=none compare
  84. 4 Honduras 0 1=banking crisis, 0=none compare
  85. 4 Hong Kong, China 0 1=banking crisis, 0=none compare
  86. 4 Hungary 0 1=banking crisis, 0=none compare
  87. 4 Iceland 0 1=banking crisis, 0=none compare
  88. 4 India 0 1=banking crisis, 0=none compare
  89. 4 Indonesia 0 1=banking crisis, 0=none compare
  90. 4 Iran, Islamic Republic of 0 1=banking crisis, 0=none compare
  91. 4 Iraq 0 1=banking crisis, 0=none compare
  92. 4 Ireland 0 1=banking crisis, 0=none compare
  93. 4 Isle of Man 0 1=banking crisis, 0=none compare
  94. 4 Israel 0 1=banking crisis, 0=none compare
  95. 4 Italy 0 1=banking crisis, 0=none compare
  96. 4 Jamaica 0 1=banking crisis, 0=none compare
  97. 4 Japan 0 1=banking crisis, 0=none compare
  98. 4 Jordan 0 1=banking crisis, 0=none compare
  99. 4 Kazakhstan, Republic of 0 1=banking crisis, 0=none compare
  100. 4 Kenya 0 1=banking crisis, 0=none compare
  101. 4 Kiribati 0 1=banking crisis, 0=none compare
  102. 4 Korea, Democratic People's Republic of 0 1=banking crisis, 0=none compare
  103. 4 Republic of Korea 0 1=banking crisis, 0=none compare
  104. 4 Kosovo 0 1=banking crisis, 0=none compare
  105. 4 Kuwait 0 1=banking crisis, 0=none compare
  106. 4 Kyrgyzstan 0 1=banking crisis, 0=none compare
  107. 4 Lao People's Democratic Republic 0 1=banking crisis, 0=none compare
  108. 4 Latvia 0 1=banking crisis, 0=none compare
  109. 4 Lebanon 0 1=banking crisis, 0=none compare
  110. 4 Lesotho 0 1=banking crisis, 0=none compare
  111. 4 Liberia 0 1=banking crisis, 0=none compare
  112. 4 Libya 0 1=banking crisis, 0=none compare
  113. 4 Liechtenstein 0 1=banking crisis, 0=none compare
  114. 4 Lithuania 0 1=banking crisis, 0=none compare
  115. 4 Luxembourg 0 1=banking crisis, 0=none compare
  116. 4 Macau, China 0 1=banking crisis, 0=none compare
  117. 4 Madagascar 0 1=banking crisis, 0=none compare
  118. 4 Malawi 0 1=banking crisis, 0=none compare
  119. 4 Malaysia 0 1=banking crisis, 0=none compare
  120. 4 Maldives 0 1=banking crisis, 0=none compare
  121. 4 Mali 0 1=banking crisis, 0=none compare
  122. 4 Malta 0 1=banking crisis, 0=none compare
  123. 4 Marshall Islands 0 1=banking crisis, 0=none compare
  124. 4 Mauritania 0 1=banking crisis, 0=none compare
  125. 4 Mauritius 0 1=banking crisis, 0=none compare
  126. 4 Mexico 0 1=banking crisis, 0=none compare
  127. 4 Micronesia, Federated States of 0 1=banking crisis, 0=none compare
  128. 4 Monaco 0 1=banking crisis, 0=none compare
  129. 4 Mongolia 0 1=banking crisis, 0=none compare
  130. 4 Montenegro 0 1=banking crisis, 0=none compare
  131. 4 Morocco 0 1=banking crisis, 0=none compare
  132. 4 Mozambique 0 1=banking crisis, 0=none compare
  133. 4 Myanmar 0 1=banking crisis, 0=none compare
  134. 4 Namibia 0 1=banking crisis, 0=none compare
  135. 4 Naoero 0 1=banking crisis, 0=none compare
  136. 4 Nepal 0 1=banking crisis, 0=none compare
  137. 4 Netherlands 0 1=banking crisis, 0=none compare
  138. 4 New Caledonia 0 1=banking crisis, 0=none compare
  139. 4 New Zealand 0 1=banking crisis, 0=none compare
  140. 4 Nicaragua 0 1=banking crisis, 0=none compare
  141. 4 Niger 0 1=banking crisis, 0=none compare
  142. 4 Nigeria 0 1=banking crisis, 0=none compare
  143. 4 North Macedonia 0 1=banking crisis, 0=none compare
  144. 4 Norway 0 1=banking crisis, 0=none compare
  145. 4 Oman 0 1=banking crisis, 0=none compare
  146. 4 Pakistan 0 1=banking crisis, 0=none compare
  147. 4 Palau 0 1=banking crisis, 0=none compare
  148. 4 Panama 0 1=banking crisis, 0=none compare
  149. 4 Papua New Guinea 0 1=banking crisis, 0=none compare
  150. 4 Paraguay 0 1=banking crisis, 0=none compare
  151. 4 Peru 0 1=banking crisis, 0=none compare
  152. 4 Philippines 0 1=banking crisis, 0=none compare
  153. 4 Poland 0 1=banking crisis, 0=none compare
  154. 4 Portugal 0 1=banking crisis, 0=none compare
  155. 4 Puerto Rico 0 1=banking crisis, 0=none compare
  156. 4 Qatar 0 1=banking crisis, 0=none compare
  157. 4 Romania 0 1=banking crisis, 0=none compare
  158. 4 Russian Federation 0 1=banking crisis, 0=none compare
  159. 4 Rwanda 0 1=banking crisis, 0=none compare
  160. 4 Samoa 0 1=banking crisis, 0=none compare
  161. 4 San Marino 0 1=banking crisis, 0=none compare
  162. 4 Sao Tome and Principe 0 1=banking crisis, 0=none compare
  163. 4 Saudi Arabia 0 1=banking crisis, 0=none compare
  164. 4 Senegal 0 1=banking crisis, 0=none compare
  165. 4 Serbia 0 1=banking crisis, 0=none compare
  166. 4 Seychelles 0 1=banking crisis, 0=none compare
  167. 4 Sierra Leone 0 1=banking crisis, 0=none compare
  168. 4 Singapore 0 1=banking crisis, 0=none compare
  169. 4 Sint Maarten, Kingdom of the Netherlands 0 1=banking crisis, 0=none compare
  170. 4 Slovakia 0 1=banking crisis, 0=none compare
  171. 4 Slovenia 0 1=banking crisis, 0=none compare
  172. 4 Solomon Islands 0 1=banking crisis, 0=none compare
  173. 4 Somalia 0 1=banking crisis, 0=none compare
  174. 4 South Africa 0 1=banking crisis, 0=none compare
  175. 4 South Sudan 0 1=banking crisis, 0=none compare
  176. 4 Spain 0 1=banking crisis, 0=none compare
  177. 4 Sri Lanka 0 1=banking crisis, 0=none compare
  178. 4 St. Kitts and Nevis 0 1=banking crisis, 0=none compare
  179. 4 Saint Lucia 0 1=banking crisis, 0=none compare
  180. 4 St. Vincent and the Grenadines 0 1=banking crisis, 0=none compare
  181. 4 Sudan 0 1=banking crisis, 0=none compare
  182. 4 Suriname 0 1=banking crisis, 0=none compare
  183. 4 Sweden 0 1=banking crisis, 0=none compare
  184. 4 Switzerland 0 1=banking crisis, 0=none compare
  185. 4 Syrian Arab Republic 0 1=banking crisis, 0=none compare
  186. 4 Tajikistan 0 1=banking crisis, 0=none compare
  187. 4 Tanzania, United Republic of 0 1=banking crisis, 0=none compare
  188. 4 Thailand 0 1=banking crisis, 0=none compare
  189. 4 Timor-Leste 0 1=banking crisis, 0=none compare
  190. 4 Togo 0 1=banking crisis, 0=none compare
  191. 4 Tonga 0 1=banking crisis, 0=none compare
  192. 4 Trinidad and Tobago 0 1=banking crisis, 0=none compare
  193. 4 Tunisia 0 1=banking crisis, 0=none compare
  194. 4 Türkiye 0 1=banking crisis, 0=none compare
  195. 4 Turkmenistan 0 1=banking crisis, 0=none compare
  196. 4 Turks and Caicos Islands 0 1=banking crisis, 0=none compare
  197. 4 Tuvalu 0 1=banking crisis, 0=none compare
  198. 4 Uganda 0 1=banking crisis, 0=none compare
  199. 4 United Arab Emirates 0 1=banking crisis, 0=none compare
  200. 4 United Kingdom of Great Britain and Northern Ireland 0 1=banking crisis, 0=none compare
  201. 4 United States of America 0 1=banking crisis, 0=none compare
  202. 4 Uruguay 0 1=banking crisis, 0=none compare
  203. 4 Uzbekistan 0 1=banking crisis, 0=none compare
  204. 4 Vanuatu 0 1=banking crisis, 0=none compare
  205. 4 Venezuela, Bolivarian Republic of 0 1=banking crisis, 0=none compare
  206. 4 Viet Nam 0 1=banking crisis, 0=none compare
  207. 4 United States Virgin Islands 0 1=banking crisis, 0=none compare
  208. 4 Palestine, State of 0 1=banking crisis, 0=none compare
  209. 4 Yemen 0 1=banking crisis, 0=none compare
  210. 4 Zambia 0 1=banking crisis, 0=none compare
  211. 4 Zimbabwe 0 1=banking crisis, 0=none compare

See the full ranking of 212 places →

More financial sector data for Armenia

All data for Armenia →

Frequently asked questions

What is banking crisis dummy in Armenia?
Banking crisis dummy in Armenia was 0 1=banking crisis, 0=none in 2017, according to Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163.
What is the highest banking crisis dummy recorded in Armenia?
The highest recorded value was 1 1=banking crisis, 0=none in 1994.
What is the lowest banking crisis dummy recorded in Armenia?
The lowest recorded value was 0 1=banking crisis, 0=none in 1970.
How does Armenia rank for banking crisis dummy?
Armenia ranks 4th out of 212 countries with data for 2017.
Where does this Armenia data come from?
The figures come from Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163, published as part of Banking crisis dummy (1=banking crisis, 0=none). Statizoid updates them automatically from the source API.

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Banking crisis dummy in Armenia. Statizoid, drawing on Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163. Retrieved 19 August 2026, from https://financial-sector.statizoid.com/stat/banking-crisis-dummy-1-banking-crisis-0-none/armenia/

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About this data

Indicator
Banking crisis dummy (1=banking crisis, 0=none)
Unit
1=banking crisis, 0=none
Source
Luc Laeven and Fabián Valencia, 2012. “Systemic Banking Crises Database: An Update”, IMF Working Paper WP/12/163
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
212 places, 10,162 data points, 1970–2017
Last refreshed

A banking crisis is defined as systemic if two conditions are met: a. Significant signs of financial distress in the banking system (as indicated bysignificant bank runs, losses in the banking system, and/or bank liquidations), b. Significant banking policy intervention measures in response to significant losses in the banking system. The first year that both criteria are met is considered as the year when the crisis start becoming systemic. The end of a crisis is defined the year before both real GDP growth and real credit growth are positive for at least two consecutive years.