Expense in Armenia
Armenia: Expense was 1.99 trillion current LCU in 2023. ▲ Rising
Expense in Armenia, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Armenia is 1.99 trillion current LCU, measured in 2023. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 10.5% on the previous year and up 92.8% over ten years.
Over the whole period, expense in Armenia peaked at 1.99 trillion current LCU in 2023 and was at its lowest, 323.51 billion current LCU, in 2004.
Armenia ranks 46th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Expense in Armenia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2004 | 323.51 billion current LCU | — |
| 2005 | 407.00 billion current LCU | +25.8% |
| 2006 | 455.49 billion current LCU | +11.9% |
| 2007 | 536.71 billion current LCU | +17.8% |
| 2008 | 754.31 billion current LCU | +40.5% |
| 2009 | 749.66 billion current LCU | -0.6% |
| 2010 | 795.75 billion current LCU | +6.1% |
| 2011 | 852.61 billion current LCU | +7.1% |
| 2012 | 911.90 billion current LCU | +7.0% |
| 2013 | 1.03 trillion current LCU | +13.1% |
| 2014 | 1.16 trillion current LCU | +12.3% |
| 2015 | 1.26 trillion current LCU | +9.2% |
| 2016 | 1.30 trillion current LCU | +3.0% |
| 2017 | 1.26 trillion current LCU | -3.4% |
| 2018 | 1.33 trillion current LCU | +5.5% |
| 2019 | 1.42 trillion current LCU | +7.2% |
| 2020 | 1.64 trillion current LCU | +15.4% |
| 2021 | 1.75 trillion current LCU | +6.2% |
| 2022 | 1.80 trillion current LCU | +3.1% |
| 2023 | 1.99 trillion current LCU | +10.5% |
Armenia compared with similar countries
- Armenia's 1.99 trillion current LCU is above the median for upper middle income countries, which is 310.25 billion current LCU, 6.4× the median. (47 countries reporting)
- Armenia's 1.99 trillion current LCU is above the median for Europe & Central Asia, which is 301.38 billion current LCU, 6.6× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 537.78 billion current LCU | 323.51 billion current LCU | 754.31 billion current LCU | 6 |
| 2010s | 1.13 trillion current LCU | 795.75 billion current LCU | 1.42 trillion current LCU | 10 |
| 2020s | 1.79 trillion current LCU | 1.64 trillion current LCU | 1.99 trillion current LCU | 4 |
Countries ranked near Armenia
More public sector data for Armenia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is expense in Armenia?
- Expense in Armenia was 1.99 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Armenia?
- The highest recorded value was 1.99 trillion current LCU in 2023.
- What is the lowest expense recorded in Armenia?
- The lowest recorded value was 323.51 billion current LCU in 2004.
- How does Armenia rank for expense?
- Armenia ranks 46th out of 157 countries with data for 2023.
- Is expense rising or falling in Armenia?
- Over the last ten years it is up 92.8%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.