Remittance inflows to GDP in Armenia
Armenia: Remittance inflows to GDP was 10.5% in 2020. ▲ Rising
Remittance inflows to GDP in Armenia, 1995–2020
Source: World Development Indicators (WDI), World Bank. Measured in %.
Analysis
Armenia recorded 10.5% for remittance inflows to gdp in 2020.
The figure is down 6.4% on the previous year and down 41.8% over ten years.
Over the whole period, remittance inflows to gdp in Armenia peaked at 22.0% in 2004 and was at its lowest, 4.9%, in 1995.
That places Armenia 31st out of 195 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.4% | 4.9% | 14.0% | 5 |
| 2000s | 15.2% | 9.5% | 22.0% | 10 |
| 2010s | 15.5% | 11.2% | 19.7% | 10 |
| 2020s | 10.5% | 10.5% | 10.5% | 1 |
Countries ranked near Armenia
More financial sector data for Armenia
- Domestic credit to private sector by banks 68.7% (2025)
- Total reserves in months of imports 3.41 (2025)
- Net domestic credit 9.58 trillion current LCU (2025)
- Net foreign assets 305.82 billion current LCU (2025)
- Monetary Sector credit to private sector 70.4% (2025)
- Broad money 61.3% (2025)
- Claims on central government, etc. 12.3% (2025)
- Domestic credit to private sector 70.5% (2025)
- Official exchange rate 387.01 LCU per US$, period average (2025)
- Net migration -29,013 (2025)
Frequently asked questions
- What is remittance inflows to gdp in Armenia?
- Remittance inflows to gdp in Armenia was 10.5% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest remittance inflows to gdp recorded in Armenia?
- The highest recorded value was 22.0% in 2004.
- What is the lowest remittance inflows to gdp recorded in Armenia?
- The lowest recorded value was 4.9% in 1995.
- How does Armenia rank for remittance inflows to gdp?
- Armenia ranks 31st out of 195 countries with data for 2020.
- Is remittance inflows to gdp rising or falling in Armenia?
- Over the last ten years it is down 41.8%. 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 Remittance inflows to GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year.