Domestic credit to private sector by banks in Armenia
Armenia: Domestic credit to private sector by banks was 68.7% in 2025. ◆ Volatile
Domestic credit to private sector by banks in Armenia, 1992–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Armenia recorded 68.7% for domestic credit to private sector by banks in 2025.
That represents a change of up 10.0% on the previous year and up 57.5% over ten years.
Over the whole period, domestic credit to private sector by banks in Armenia peaked at 69.1% in 2020 and was at its lowest, 5.6%, in 1996.
That places Armenia 40th out of 187 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Domestic credit to private sector by banks in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 40.4% | — |
| 1993 | 8.4% | -79.3% |
| 1994 | 11.1% | +32.2% |
| 1995 | 7.3% | -34.4% |
| 1996 | 5.6% | -22.6% |
| 1997 | 6.0% | +7.2% |
| 1998 | 7.4% | +22.9% |
| 1999 | 8.7% | +17.8% |
| 2000 | 9.9% | +13.8% |
| 2001 | 7.5% | -24.3% |
| 2002 | 6.7% | -10.5% |
| 2003 | 5.6% | -16.2% |
| 2004 | 6.9% | +21.7% |
| 2005 | 7.9% | +15.7% |
| 2006 | 8.7% | +10.1% |
| 2007 | 13.5% | +54.3% |
| 2008 | 19.3% | +43.0% |
| 2009 | 24.2% | +25.6% |
| 2010 | 27.7% | +14.2% |
| 2011 | 34.3% | +24.0% |
| 2012 | 38.9% | +13.3% |
| 2013 | 41.1% | +5.7% |
| 2014 | 47.2% | +15.0% |
| 2015 | 43.6% | -7.7% |
| 2016 | 46.2% | +6.0% |
| 2017 | 48.8% | +5.7% |
| 2018 | 52.6% | +7.7% |
| 2019 | 57.3% | +9.0% |
| 2020 | 69.1% | +20.4% |
| 2021 | 58.9% | -14.7% |
| 2022 | 50.3% | -14.7% |
| 2023 | 53.4% | +6.1% |
| 2024 | 62.4% | +17.0% |
| 2025 | 68.7% | +10.0% |
Armenia compared with similar countries
- Armenia's 68.7% is above the median for upper middle income countries, which is 39.8%, 1.7× the median. (55 countries reporting)
- Armenia's 68.7% is above the median for Europe & Central Asia, which is 52.1%, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.9% | 5.6% | 40.4% | 8 |
| 2000s | 11.0% | 5.6% | 24.2% | 10 |
| 2010s | 43.8% | 27.7% | 57.3% | 10 |
| 2020s | 60.5% | 50.3% | 69.1% | 6 |
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 domestic credit to private sector by banks in Armenia?
- Domestic credit to private sector by banks in Armenia was 68.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Armenia?
- The highest recorded value was 69.1% in 2020.
- What is the lowest domestic credit to private sector by banks recorded in Armenia?
- The lowest recorded value was 5.6% in 1996.
- How does Armenia rank for domestic credit to private sector by banks?
- Armenia ranks 40th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Armenia?
- Over the last ten years it is up 57.5%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), 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. 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.