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Government debt in Armenia

How indebted is the state my taxes would go to?

Armenia's government debt is 46.90 % — #48 of 125 countries on the atlas (lower is better). Period 2025.

46.90%

Checked 24 Oct 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

64.50 %39.70 %14.90 %64.50 % · 202014.90 % · 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: 20.80 %2006: 16.90 %2007: 14.90 %2008: 15.20 %2009: 35.50 %2010: 34.90 %2011: 36.90 %2012: 35.90 %2013: 37.60 %2014: 40.80 %2015: 45.50 %2016: 53.30 %2017: 55.10 %2018: 52.40 %2019: 51.00 %2020: 64.50 %2021: 60.90 %2022: 47.10 %2023: 48.50 %2024: 48.00 %2025: 46.90 %19962010202546.90 %
30 official observations, 1996 → 2025. Every point is a published value — never interpolated.
Rank
#48 of 125
lower is better
Ranked behind
62 %
77 of 125 countries
Latest move
▼ 1.10 pp
since 2024
Below its peak
17.60 pp
peak 64.50 % in 2020
Full series
▲ 6.10 pp
since 1996

In Asia: #20 of 37vs median 54.70 %: −7.80 pp (better)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Armenia: ahead of 61 % of the 125 countries with a published government debtArmenia 46.90 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Armenia is ahead of 61 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Armenia
46 Mongolia45.00 %−1.90 pp
47 Malta46.20 %−0.70 pp
48 Armenia46.90 %—
49 Latvia46.90 %—
50 Nepal47.40 %+0.50 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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