Goods and services expense in Armenia
Armenia: Goods and services expense was 10.0% in 2023. ◆ Volatile
Goods and services expense in Armenia, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Armenia stood at 10.0%. That is the lowest value across all 20 years on record.
That represents a change of down 16.5% on the previous year and down 36.0% over ten years.
Over the whole period, goods and services expense in Armenia peaked at 41.6% in 2004 and was at its lowest, 10.0%, in 2023.
Armenia ranks 103rd of 154 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.
Goods and services expense in Armenia, year by year
| Year | % of expense | Change |
|---|---|---|
| 2004 | 41.6% | — |
| 2005 | 39.8% | -4.2% |
| 2006 | 34.8% | -12.7% |
| 2007 | 36.2% | +4.2% |
| 2008 | 11.9% | -67.2% |
| 2009 | 12.7% | +7.0% |
| 2010 | 13.4% | +5.0% |
| 2011 | 14.2% | +6.3% |
| 2012 | 16.4% | +15.3% |
| 2013 | 15.7% | -4.0% |
| 2014 | 17.1% | +8.9% |
| 2015 | 15.9% | -7.0% |
| 2016 | 10.4% | -34.6% |
| 2017 | 14.7% | +41.0% |
| 2018 | 13.9% | -5.2% |
| 2019 | 14.5% | +3.9% |
| 2020 | 11.6% | -20.1% |
| 2021 | 11.9% | +3.2% |
| 2022 | 12.0% | +1.0% |
| 2023 | 10.0% | -16.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29.5% | 11.9% | 41.6% | 6 |
| 2010s | 14.6% | 10.4% | 17.1% | 10 |
| 2020s | 11.4% | 10.0% | 12.0% | 4 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 21.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 467.45 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0546 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.92 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.42 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 248.23 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is goods and services expense in Armenia?
- Goods and services expense in Armenia was 10.0% in 2023, 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 41.6% in 2004.
- What is the lowest goods and services expense recorded in Armenia?
- The lowest recorded value was 10.0% in 2023.
- How does Armenia rank for goods and services expense?
- Armenia ranks 103rd out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Armenia?
- Over the last ten years it is down 36.0%. The long-run trend across the full record is volatile.
- 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 (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.