Domestic credit to private sector in Armenia
Armenia: Domestic credit to private sector was 72.2% in 2020. ▲ Rising
Domestic credit to private sector in Armenia, 2009–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
Armenia recorded 72.2% for domestic credit to private sector in 2020. That is the highest value across all 12 years on record.
Compared with earlier readings it is up 20.0% on the previous year and up 153.8% over ten years.
Over the whole period, domestic credit to private sector in Armenia peaked at 72.2% in 2020 and was at its lowest, 24.9%, in 2009.
Armenia ranks 56th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Domestic credit to private sector in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2009 | 24.9% | — |
| 2010 | 28.4% | +14.4% |
| 2011 | 35.4% | +24.3% |
| 2012 | 40.1% | +13.3% |
| 2013 | 42.4% | +5.8% |
| 2014 | 48.9% | +15.4% |
| 2015 | 45.6% | -6.7% |
| 2016 | 48.9% | +7.1% |
| 2017 | 51.5% | +5.5% |
| 2018 | 55.5% | +7.7% |
| 2019 | 60.2% | +8.4% |
| 2020 | 72.2% | +20.0% |
Armenia compared with similar countries
- Armenia's 72.2% is above the median for upper middle income countries, which is 52.0%, 1.4× the median. (55 countries reporting)
- Armenia's 72.2% is above the median for Europe & Central Asia, which is 59.9%, 1.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24.9% | 24.9% | 24.9% | 1 |
| 2010s | 45.7% | 28.4% | 60.2% | 10 |
| 2020s | 72.2% | 72.2% | 72.2% | 1 |
Countries ranked near Armenia
- 53 Cape Verde 73.2% compare
- 54 Namibia 72.9% compare
- 55 Saint Lucia 72.9% compare
- 57 Bhutan 71.7% compare
- 58 Bolivia, Plurinational State of 71.2% compare
- 59 Belize 71.1% compare
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 in Armenia?
- Domestic credit to private sector in Armenia was 72.2% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Armenia?
- The highest recorded value was 72.2% in 2020.
- What is the lowest domestic credit to private sector recorded in Armenia?
- The lowest recorded value was 24.9% in 2009.
- How does Armenia rank for domestic credit to private sector?
- Armenia ranks 56th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Armenia?
- Over the last ten years it is up 153.8%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.