Government gross debt in Armenia

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 48.1% 2027: 48.4% 2028: 48.6% 2029: 47.5% 2030: 46.1% 2031: 44.7%

39.2 (1999) ANUAL · % of GDP · Annual · CSV

Period	% of GDP
Jan 1999	39.2
Jan 1998	45.2
Jan 1997	46.5
Jan 1996	40.8

About this indicator

Source

International Monetary Fund

Frequency

Annual

Release

Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.

What it is

Government gross debt is the total stock of liabilities owed by Armenia's general government to its creditors. It is expressed both in absolute terms and, above all, as a percentage of GDP to gauge sustainability.

How it's calculated

It adds up general government liabilities (debt securities, loans and deposits), drawing on Armenia's Finance Ministry and central bank data and IMF estimates. The debt-to-GDP ratio sets that stock against the size of the economy.

Market implications

A sizeable share of Armenia's debt is external and foreign-currency denominated, so a high or rising level increases exposure to swings in the dram, to funding costs and to the judgement of markets and rating agencies.

Limitations

It is a low-frequency figure revised alongside the national accounts. The ratio depends on both the debt stock and nominal GDP, so it can move without any real change in borrowing; separating domestic from external debt is advisable.