Net incurrence of liabilities, total in Armenia
Armenia: Net incurrence of liabilities, total 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 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% |
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
- 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 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.