Net incurrence of liabilities, total (% of GDP) in Armenia
Armenia: Net incurrence of liabilities, total (% of GDP) was 3.9% 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 % of GDP.
Analysis
Armenia recorded 3.9% for net incurrence of liabilities, total in 2024.
That represents a change of up 29.8% on the previous year and up 126.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Armenia peaked at 13.7% in 2009 and was at its lowest, 0.9%, in 2005.
That places Armenia 59th out of 136 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Armenia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2004 | 2.1% | — |
| 2005 | 0.9% | -58.8% |
| 2006 | 1.2% | +42.7% |
| 2007 | 2.1% | +64.9% |
| 2008 | 1.9% | -6.2% |
| 2009 | 13.7% | +612.8% |
| 2010 | 3.6% | -73.8% |
| 2011 | 2.8% | -21.6% |
| 2012 | 2.8% | -0.7% |
| 2013 | 3.1% | +12.0% |
| 2014 | 1.7% | -44.8% |
| 2015 | 6.3% | +262.1% |
| 2016 | 8.1% | +28.6% |
| 2017 | 5.0% | -38.0% |
| 2018 | 3.5% | -30.6% |
| 2019 | 3.6% | +2.8% |
| 2020 | 5.7% | +60.1% |
| 2021 | 8.5% | +47.7% |
| 2022 | 3.7% | -55.7% |
| 2023 | 3.0% | -19.2% |
| 2024 | 3.9% | +29.8% |
Armenia compared with similar countries
- Armenia's 3.9% is above the median for upper middle income countries, which is 2.9%, 1.4× the median. (47 countries reporting)
- Armenia's 3.9% is above the median for Europe & Central Asia, which is 3.4%, 1.2× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +612.8% | 1.9% | 13.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | 0.9% | 13.7% | 6 |
| 2010s | 4.1% | 1.7% | 8.1% | 10 |
| 2020s | 5.0% | 3.0% | 8.5% | 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 net incurrence of liabilities, total in Armenia?
- Net incurrence of liabilities, total in Armenia was 3.9% 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 13.7% in 2009.
- What is the lowest net incurrence of liabilities, total recorded in Armenia?
- The lowest recorded value was 0.9% in 2005.
- How does Armenia rank for net incurrence of liabilities, total?
- Armenia ranks 59th 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 126.1%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.