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MacroArmenia

Government debt in Armenia

How indebted is the state my taxes would go to?

Armenia's government debt is 49.00 % — #53 of 124 countries on the atlas (lower is better). Period 2025.

49.00%

Checked 8 Sept 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.5 years' worth of the country's entire economic output.

Government debt in Armenia over time

67.40 %41.75 %16.10 %67.40 % · 202016.10 % · 20071996: 40.80 %1997: 46.50 %1998: 45.20 %1999: 39.20 %2000: 39.60 %2001: 38.10 %2002: 38.20 %2003: 33.00 %2004: 26.40 %2005: 24.40 %2006: 18.70 %2007: 16.10 %2008: 16.40 %2009: 40.60 %2010: 40.00 %2011: 42.20 %2012: 41.40 %2013: 40.90 %2014: 43.70 %2015: 48.70 %2016: 56.70 %2017: 58.90 %2018: 55.70 %2019: 53.70 %2020: 67.40 %2021: 63.40 %2022: 49.20 %2023: 50.50 %2024: 50.00 %2025: 49.00 %19962010202549.00 %
30 official observations, 1996 → 2025. Every point is a published value — never interpolated.
Rank
#53 of 124
lower is better
Ranked behind
57 %
71 of 124 countries
Latest move
▼ 1.00 pp
since 2024
Below its peak
18.40 pp
peak 67.40 % in 2020
Full series
▲ 8.20 pp
since 1996

In Asia: #21 of 37vs median 54.55 %: −5.55 pp (better)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Armenia: ahead of 57 % of the 124 countries with a published government debtArmenia 49.00 %12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. Armenia is ahead of 57 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Armenia
51 Madagascar48.70 %−0.30 pp
52 Ghana48.80 %−0.20 pp
53 Armenia49.00 %—
54 Tanzania49.70 %+0.70 pp
55 Australia51.00 %+2.00 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Armenia

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Armenia with another country →Everything about Armenia →
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