Financial Development Index in Armenia
Armenia: Financial Development Index was 0.2561 in 2020. ◆ Volatile
Financial Development Index in Armenia, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Armenia is 0.2561, measured in 2020. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 2.3% on the previous year and up 49.5% over ten years.
Over the whole period, financial development index in Armenia peaked at 0.2561 in 2020 and was at its lowest, 0, in 1980.
That places Armenia 93rd out of 183 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial Development Index in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0 | — |
| 1981 | 0 | — |
| 1982 | 0 | — |
| 1983 | 0 | — |
| 1984 | 0 | — |
| 1985 | 0 | — |
| 1986 | 0 | — |
| 1987 | 0 | — |
| 1988 | 0 | — |
| 1989 | 0 | — |
| 1990 | 0 | — |
| 1991 | 0 | — |
| 1992 | 0 | — |
| 1993 | 0.0744 | — |
| 1994 | 0.0933 | +25.4% |
| 1995 | 0.0918 | -1.7% |
| 1996 | 0.0934 | +1.8% |
| 1997 | 0.0897 | -4.0% |
| 1998 | 0.0935 | +4.3% |
| 1999 | 0.1001 | +7.1% |
| 2000 | 0.1007 | +0.6% |
| 2001 | 0.1067 | +5.9% |
| 2002 | 0.1256 | +17.7% |
| 2003 | 0.1101 | -12.4% |
| 2004 | 0.1102 | +0.1% |
| 2005 | 0.1041 | -5.5% |
| 2006 | 0.1206 | +15.8% |
| 2007 | 0.1297 | +7.6% |
| 2008 | 0.1457 | +12.3% |
| 2009 | 0.1595 | +9.4% |
| 2010 | 0.1713 | +7.4% |
| 2011 | 0.1893 | +10.5% |
| 2012 | 0.2039 | +7.7% |
| 2013 | 0.2102 | +3.1% |
| 2014 | 0.2194 | +4.4% |
| 2015 | 0.2258 | +2.9% |
| 2016 | 0.23 | +1.9% |
| 2017 | 0.2357 | +2.5% |
| 2018 | 0.2422 | +2.7% |
| 2019 | 0.2504 | +3.4% |
| 2020 | 0.2561 | +2.3% |
Armenia compared with similar countries
- Armenia's 0.2561 is above the median for upper middle income countries, which is 0.2539, 1.0× the median. (54 countries reporting)
- Armenia's 0.2561 is below the median for Europe & Central Asia, which is 0.4521, 57% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0 | 0 | 0 | 10 |
| 1990s | 0.0636 | 0 | 0.1001 | 10 |
| 2000s | 0.1213 | 0.1007 | 0.1595 | 10 |
| 2010s | 0.2178 | 0.1713 | 0.2504 | 10 |
| 2020s | 0.2561 | 0.2561 | 0.2561 | 1 |
Countries ranked near Armenia
- 90 Sri Lanka 0.2634 compare
- 91 Bosnia and Herzegovina 0.2576 compare
- 92 Cape Verde 0.2574 compare
- 94 North Macedonia 0.2517 compare
- 95 Serbia 0.2512 compare
- 96 Bangladesh 0.2439 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 financial development index in Armenia?
- Financial development index in Armenia was 0.2561 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Armenia?
- The highest recorded value was 0.2561 in 2020.
- What is the lowest financial development index recorded in Armenia?
- The lowest recorded value was 0 in 1980.
- How does Armenia rank for financial development index?
- Armenia ranks 93rd out of 183 countries with data for 2020.
- Is financial development index rising or falling in Armenia?
- Over the last ten years it is up 49.5%. 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 Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.