Net incurrence of liabilities, total in Armenia
Armenia: Net incurrence of liabilities, total was 399.87 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net incurrence of liabilities, total in Armenia stood at 399.87 billion current LCU.
That represents a change of up 39.3% on the previous year and up 377.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Armenia peaked at 590.86 billion current LCU in 2021 and was at its lowest, 19.59 billion current LCU, in 2005.
Armenia ranks 41st of 136 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 109.69 billion current LCU | 19.59 billion current LCU | 431.53 billion current LCU | 6 |
| 2010s | 202.61 billion current LCU | 83.76 billion current LCU | 409.39 billion current LCU | 10 |
| 2020s | 389.92 billion current LCU | 286.96 billion current LCU | 590.86 billion current LCU | 5 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.4% (2024)
- Taxes on income, profits and capital gains 39.6% (2024)
- Taxes on goods and services 48.2% (2024)
- Net investment in nonfinancial assets 5.3% (2024)
- Net lending (+) / net borrowing (-) -3.6% (2024)
- Interest payments 12.6% (2024)
- Grants and other revenue 8.4% (2024)
- Interest payments 12.7% (2023)
- Other taxes 0.7% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Armenia?
- Net incurrence of liabilities, total in Armenia was 399.87 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Armenia?
- The highest recorded value was 590.86 billion current LCU in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Armenia?
- The lowest recorded value was 19.59 billion current LCU in 2005.
- How does Armenia rank for net incurrence of liabilities, total?
- Armenia ranks 41st out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Armenia?
- Over the last ten years it is up 377.4%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.