Current account balance (credit less debit), Net (credits less debits) in Armenia
Armenia: Current account balance (credit less debit), Net (credits less debits) was -1.19 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Armenia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, current account balance (credit less debit), net (credits less debits) in Armenia stood at -1.19 billion.
Compared with earlier readings it is down 78.3% on the previous year and down 32.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Armenia peaked at 143.98 million in 2022 and was at its lowest, -1.66 billion, in 2008.
Armenia ranks 136th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less debits) in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -123.90 million | — |
| 2006 | -152.93 million | +23.4% |
| 2007 | -677.27 million | +342.9% |
| 2008 | -1.66 billion | +144.9% |
| 2009 | -1.43 billion | -14.1% |
| 2010 | -1.26 billion | -11.5% |
| 2011 | -1.06 billion | -16.1% |
| 2012 | -1.06 billion | -0.1% |
| 2013 | -813.67 million | -23.1% |
| 2014 | -901.81 million | +10.8% |
| 2015 | -280.91 million | -68.9% |
| 2016 | -100.88 million | -64.1% |
| 2017 | -145.33 million | +44.1% |
| 2018 | -900.48 million | +519.6% |
| 2019 | -961.10 million | +6.7% |
| 2020 | -505.39 million | -47.4% |
| 2021 | -471.37 million | -6.7% |
| 2022 | 143.98 million | -130.5% |
| 2023 | -670.02 million | -565.3% |
| 2024 | -1.19 billion | +78.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -807.70 million | -1.66 billion | -123.90 million | 5 |
| 2010s | -748.24 million | -1.26 billion | -100.88 million | 10 |
| 2020s | -539.46 million | -1.19 billion | 143.98 million | 5 |
Countries ranked near Armenia
More financial sector data for Armenia
- Net domestic credit (current LCU), per capita 3.10 million current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 327.57 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 17.7 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 3.71 billion SDR (2025)
- Reserves excluding gold 3.72 billion SDR (2025)
- Total reserves (gold at market value) 3.72 billion SDR (2025)
- Total reserves (gold at national valuation) 3.72 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,204 SDR per person (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Armenia?
- Current account balance (credit less debit), net (credits less debits) in Armenia was -1.19 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Armenia?
- The highest recorded value was 143.98 million in 2022.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Armenia?
- The lowest recorded value was -1.66 billion in 2008.
- How does Armenia rank for current account balance (credit less debit), net (credits less debits)?
- Armenia ranks 136th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Armenia?
- Over the last ten years it is down 32.5%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.