Private credit by deposit money banks and other financial in Armenia
Armenia: Private credit by deposit money banks and other financial was 59.1% in 2021. ◆ Volatile
Private credit by deposit money banks and other financial in Armenia, 1992–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, private credit by deposit money banks and other financial in Armenia stood at 59.1%.
The figure is down 14.6% on the previous year and up 72.0% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Armenia peaked at 69.2% in 2020 and was at its lowest, 5.6%, in 1996.
That places Armenia 70th out of 187 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.
Private credit by deposit money banks and other financial in Armenia, year by year
| Year | % | Change |
|---|---|---|
| 1992 | 40.4% | — |
| 1993 | 9.1% | -77.6% |
| 1994 | 11.1% | +22.2% |
| 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 | 17.7% | +31.0% |
| 2009 | 24.3% | +37.5% |
| 2010 | 27.7% | +14.2% |
| 2011 | 34.4% | +24.0% |
| 2012 | 39.1% | +13.6% |
| 2013 | 41.3% | +5.8% |
| 2014 | 47.4% | +14.7% |
| 2015 | 43.7% | -7.7% |
| 2016 | 46.4% | +6.1% |
| 2017 | 49.0% | +5.7% |
| 2018 | 52.8% | +7.6% |
| 2019 | 57.5% | +8.9% |
| 2020 | 69.2% | +20.4% |
| 2021 | 59.1% | -14.6% |
Armenia compared with similar countries
- Armenia's 59.1% is above the median for upper middle income countries, which is 50.2%, 1.2× the median. (55 countries reporting)
- Armenia's 59.1% is above the median for Europe & Central Asia, which is 56.3%, 1.1× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.0% | 5.6% | 40.4% | 8 |
| 2000s | 10.9% | 5.6% | 24.3% | 10 |
| 2010s | 43.9% | 27.7% | 57.5% | 10 |
| 2020s | 64.2% | 59.1% | 69.2% | 2 |
Countries ranked near Armenia
- 67 Estonia 60.9% compare
- 68 Trinidad and Tobago 60.0% compare
- 69 Saint Kitts and Nevis 60.0% compare
- 71 Vanuatu 58.8% compare
- 72 El Salvador 58.2% compare
- 73 Jamaica 58.1% 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 private credit by deposit money banks and other financial in Armenia?
- Private credit by deposit money banks and other financial in Armenia was 59.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Armenia?
- The highest recorded value was 69.2% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Armenia?
- The lowest recorded value was 5.6% in 1996.
- How does Armenia rank for private credit by deposit money banks and other financial?
- Armenia ranks 70th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Armenia?
- Over the last ten years it is up 72.0%. 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 Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)