Liquid liabilities to GDP (%) in Armenia

Armenia: Liquid liabilities to GDP (%) was 42.5% in 2021. ◆ Volatile

Latest (2021)
42.5%
Change on year
up 2.2%
World rank
133rd
of 186 countries
All-time high
79.9%
in 1992
All-time low
7.7%
in 1995
Years of data
30
1992–2021

Liquid liabilities to GDP in Armenia, 1992–2021

0204060801992200620211992: 79.9 %1993: 74.8 %1994: 13.1 %1995: 7.7 %1996: 8.2 %1997: 8.7 %1998: 10.1 %1999: 11.1 %2000: 14.7 %2001: 13.4 %2002: 15.6 %2003: 14.4 %2004: 15 %2005: 16.3 %2006: 18.3 %2007: 22 %2008: 19.8 %2009: 16.7 %2010: 17.1 %2011: 20.2 %2012: 22.2 %2013: 25.1 %2014: 27 %2015: 29.4 %2016: 34.5 %2017: 37.4 %2018: 36.8 %2019: 37.6 %2020: 41.5 %2021: 42.5 %

Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.

Analysis

In 2021, liquid liabilities to gdp in Armenia stood at 42.5%.

Compared with earlier readings it is up 2.2% on the previous year and up 110.5% over ten years.

Over the whole period, liquid liabilities to gdp in Armenia peaked at 79.9% in 1992 and was at its lowest, 7.7%, in 1995.

That places Armenia 133rd out of 186 countries with data for 2021, putting it in the middle of the range.

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

Liquid liabilities to GDP (%) in Armenia, year by year

Annual values for Liquid liabilities to GDP (%) in Armenia, 1992 to 2021.
Year % Change
1992 79.9% —
1993 74.8% -6.3%
1994 13.1% -82.5%
1995 7.7% -41.2%
1996 8.2% +6.7%
1997 8.7% +6.2%
1998 10.1% +15.1%
1999 11.1% +10.3%
2000 14.7% +32.7%
2001 13.4% -8.5%
2002 15.6% +15.6%
2003 14.4% -7.5%
2004 15.0% +4.1%
2005 16.3% +8.8%
2006 18.3% +12.2%
2007 22.0% +20.0%
2008 19.8% -9.6%
2009 16.7% -15.9%
2010 17.1% +2.7%
2011 20.2% +17.6%
2012 22.2% +9.9%
2013 25.1% +12.9%
2014 27.0% +7.6%
2015 29.4% +9.1%
2016 34.5% +17.4%
2017 37.4% +8.3%
2018 36.8% -1.5%
2019 37.6% +2.2%
2020 41.5% +10.5%
2021 42.5% +2.2%

Armenia compared with similar countries

  • Armenia's 42.5% is below the median for upper middle income countries, which is 63.0%, 67% of the median. (55 countries reporting)
  • Armenia's 42.5% is below the median for Europe & Central Asia, which is 75.1%, 57% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where Liquid liabilities to GDP (%) in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
1994 -82.5% 74.8% 13.1%
1995 -41.2% 13.1% 7.7%

Averages by decade

DecadeAverage LowestHighest Years
1990s 26.7% 7.7% 79.9% 8
2000s 16.6% 13.4% 22.0% 10
2010s 28.7% 17.1% 37.6% 10
2020s 42.0% 41.5% 42.5% 2

Countries ranked near Armenia

  1. 130 Iraq 46.4% compare
  2. 131 Georgia 46.3% compare
  3. 132 Pakistan 44.5% compare
  4. 134 Costa Rica 42.1% compare
  5. 135 Mali 40.4% compare
  6. 136 Lesotho 39.9% compare

See the full ranking of 186 places →

More financial sector data for Armenia

All data for Armenia →

Frequently asked questions

What is liquid liabilities to gdp in Armenia?
Liquid liabilities to gdp in Armenia was 42.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
What is the highest liquid liabilities to gdp recorded in Armenia?
The highest recorded value was 79.9% in 1992.
What is the lowest liquid liabilities to gdp recorded in Armenia?
The lowest recorded value was 7.7% in 1995.
How does Armenia rank for liquid liabilities to gdp?
Armenia ranks 133rd out of 186 countries with data for 2021.
Is liquid liabilities to gdp rising or falling in Armenia?
Over the last ten years it is up 110.5%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Liquid liabilities to GDP (%). Statizoid updates them automatically from the source API.

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Liquid liabilities to GDP in Armenia. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 09 November 2026, from https://financial-sector.statizoid.com/stat/liquid-liabilities-to-gdp-percent/armenia/

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About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,545 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.