Services balance (credit less debit), Net (credits less debits) (US) in Armenia
Armenia: Services balance (credit less debit), Net (credits less debits) (US) was 1.46 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Armenia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, services balance (credit less debit), net (credits less debits) in Armenia stood at 1.46 billion.
The figure is down 29.8% on the previous year and up 1,389.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Armenia peaked at 2.08 billion in 2023 and was at its lowest, -311.16 million, in 2008.
Armenia ranks 62nd of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -147.92 million | — |
| 2006 | -88.29 million | -40.3% |
| 2007 | -189.97 million | +115.2% |
| 2008 | -311.16 million | +63.8% |
| 2009 | -276.30 million | -11.2% |
| 2010 | -260.76 million | -5.6% |
| 2011 | -65.80 million | -74.8% |
| 2012 | -102.10 million | +55.2% |
| 2013 | -125.61 million | +23.0% |
| 2014 | -113.51 million | -9.6% |
| 2015 | -95.09 million | -16.2% |
| 2016 | 71.02 million | -174.7% |
| 2017 | 161.66 million | +127.6% |
| 2018 | 10.67 million | -93.4% |
| 2019 | -95.03 million | -990.7% |
| 2020 | 124.49 million | -231.0% |
| 2021 | 389.52 million | +212.9% |
| 2022 | 1.70 billion | +337.2% |
| 2023 | 2.08 billion | +22.4% |
| 2024 | 1.46 billion | -29.8% |
Armenia compared with similar countries
- Armenia's 1.46 billion is above the median for upper middle income countries, which is 5.85 million, 249.9× the median. (54 countries reporting)
- Armenia's 1.46 billion is below the median for Europe & Central Asia, which is 2.79 billion, 52% of the median. (50 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) 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.
| Year | Change | From | To |
|---|---|---|---|
| 2019 | -990.7% | 10.67 million | -95.03 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -202.73 million | -311.16 million | -88.29 million | 5 |
| 2010s | -61.46 million | -260.76 million | 161.66 million | 10 |
| 2020s | 1.15 billion | 124.49 million | 2.08 billion | 5 |
Countries ranked near Armenia
- 59 Aruba 1.81 billion compare
- 60 Jamaica 1.80 billion compare
- 61 Montenegro 1.72 billion compare
- 63 Lebanon 1.30 billion compare
- 64 Netherlands Antilles 1.16 billion compare
- 65 North Macedonia 1.15 billion 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 services balance (credit less debit), net (credits less debits) in Armenia?
- Services balance (credit less debit), net (credits less debits) in Armenia was 1.46 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Armenia?
- The highest recorded value was 2.08 billion in 2023.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Armenia?
- The lowest recorded value was -311.16 million in 2008.
- How does Armenia rank for services balance (credit less debit), net (credits less debits)?
- Armenia ranks 62nd out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Armenia?
- Over the last ten years it is up 1,389.2%. 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 Services balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.