Goods and services expense (current LCU) in Armenia
Armenia: Goods and services expense (current LCU) was 119.97 billion current LCU in 2024. ▲ Rising
Goods and services expense in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, goods and services expense in Armenia stood at 119.97 billion current LCU.
That represents a change of down 40.0% on the previous year and down 39.5% over ten years.
Over the whole period, goods and services expense in Armenia peaked at 216.56 billion current LCU in 2022 and was at its lowest, 89.64 billion current LCU, in 2008.
Armenia ranks 58th of 155 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Goods and services expense (current LCU) in Armenia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2004 | 134.43 billion current LCU | — |
| 2005 | 162.06 billion current LCU | +20.6% |
| 2006 | 158.38 billion current LCU | -2.3% |
| 2007 | 194.39 billion current LCU | +22.7% |
| 2008 | 89.64 billion current LCU | -53.9% |
| 2009 | 95.35 billion current LCU | +6.4% |
| 2010 | 106.24 billion current LCU | +11.4% |
| 2011 | 121.05 billion current LCU | +13.9% |
| 2012 | 149.26 billion current LCU | +23.3% |
| 2013 | 161.97 billion current LCU | +8.5% |
| 2014 | 198.16 billion current LCU | +22.3% |
| 2015 | 201.32 billion current LCU | +1.6% |
| 2016 | 135.64 billion current LCU | -32.6% |
| 2017 | 184.91 billion current LCU | +36.3% |
| 2018 | 184.82 billion current LCU | -0.0% |
| 2019 | 205.83 billion current LCU | +11.4% |
| 2020 | 189.88 billion current LCU | -7.7% |
| 2021 | 208.09 billion current LCU | +9.6% |
| 2022 | 216.56 billion current LCU | +4.1% |
| 2023 | 199.79 billion current LCU | -7.7% |
| 2024 | 119.97 billion current LCU | -40.0% |
Armenia compared with similar countries
- Armenia's 119.97 billion current LCU is above the median for upper middle income countries, which is 38.49 billion current LCU, 3.1× the median. (46 countries reporting)
- Armenia's 119.97 billion current LCU is above the median for Europe & Central Asia, which is 17.80 billion current LCU, 6.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 139.04 billion current LCU | 89.64 billion current LCU | 194.39 billion current LCU | 6 |
| 2010s | 164.92 billion current LCU | 106.24 billion current LCU | 205.83 billion current LCU | 10 |
| 2020s | 186.86 billion current LCU | 119.97 billion current LCU | 216.56 billion current LCU | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Democracy, 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)
- Elected parliament, 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)
- Arms imports 21.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 6.92 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0008 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 200 % change on previous year (2024)
Frequently asked questions
- What is goods and services expense in Armenia?
- Goods and services expense in Armenia was 119.97 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Armenia?
- The highest recorded value was 216.56 billion current LCU in 2022.
- What is the lowest goods and services expense recorded in Armenia?
- The lowest recorded value was 89.64 billion current LCU in 2008.
- How does Armenia rank for goods and services expense?
- Armenia ranks 58th out of 155 countries with data for 2024.
- Is goods and services expense rising or falling in Armenia?
- Over the last ten years it is down 39.5%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.