Services, Credit/Revenue in Armenia
Armenia: Services, Credit/Revenue was 5.86 billion in 2024. ◆ Volatile
Services, Credit/Revenue in Armenia, 2005–2024
Source: International Monetary Fund.
Analysis
Armenia recorded 5.86 billion for services, credit/revenue in 2024. That is the highest value across all 20 years on record.
The figure is up 0.1% on the previous year and up 261.4% over ten years.
Over the whole period, services, credit/revenue in Armenia peaked at 5.86 billion in 2024 and was at its lowest, 430.15 million, in 2005.
Armenia ranks 92nd of 198 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, Credit/Revenue in Armenia, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 430.15 million | — |
| 2006 | 593.74 million | +38.0% |
| 2007 | 764.22 million | +28.7% |
| 2008 | 837.34 million | +9.6% |
| 2009 | 785.68 million | -6.2% |
| 2010 | 1.01 billion | +29.0% |
| 2011 | 1.31 billion | +29.4% |
| 2012 | 1.40 billion | +6.9% |
| 2013 | 1.52 billion | +8.4% |
| 2014 | 1.62 billion | +6.6% |
| 2015 | 1.51 billion | -6.6% |
| 2016 | 1.67 billion | +10.5% |
| 2017 | 2.02 billion | +20.9% |
| 2018 | 2.20 billion | +8.9% |
| 2019 | 2.46 billion | +11.7% |
| 2020 | 1.14 billion | -53.7% |
| 2021 | 1.76 billion | +54.9% |
| 2022 | 4.43 billion | +151.1% |
| 2023 | 5.85 billion | +32.2% |
| 2024 | 5.86 billion | +0.1% |
Armenia compared with similar countries
- Armenia's 5.86 billion is above the median for upper middle income countries, which is 5.14 billion, 1.1× the median. (54 countries reporting)
- Armenia's 5.86 billion is below the median for Europe & Central Asia, which is 24.52 billion, 24% of the median. (50 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 682.23 million | 430.15 million | 837.34 million | 5 |
| 2010s | 1.67 billion | 1.01 billion | 2.46 billion | 10 |
| 2020s | 3.81 billion | 1.14 billion | 5.86 billion | 5 |
Countries ranked near Armenia
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, credit/revenue in Armenia?
- Services, credit/revenue in Armenia was 5.86 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Armenia?
- The highest recorded value was 5.86 billion in 2024.
- What is the lowest services, credit/revenue recorded in Armenia?
- The lowest recorded value was 430.15 million in 2005.
- How does Armenia rank for services, credit/revenue?
- Armenia ranks 92nd out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Armenia?
- Over the last ten years it is up 261.4%. 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, Credit/Revenue (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.