Armenia recorded a Current Account deficit of 243.12 USD Million in the third quarter of 2019. Armenia Current Account - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Current Account in Armenia averaged -136.83 USD Million from 1993 until 2019, reaching an all time high of 74.31 USD Million in the fourth quarter of 2004 and a record low of -511.22 USD Million in the fourth quarter of 2008. This page provides - Armenia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account in Armenia is expected to be -250.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Armenia to stand at -300.00 in 12 months time. In the long-term, the Armenia Current Account is projected to trend around -250.00 USD Million in 2021, according to our econometric models.


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Armenia Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-243.12 -222.40 74.31 -511.22 1993 - 2019 USD Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-04-04 11:50 AM Q4 $-389.8M $-264.1M $ -250M
2019-06-28 10:45 AM Q1 $-277.3M $-400.4M $ -206.1M
2019-09-30 10:40 AM Q2 $-278.8M $-271M $ -295M
2019-12-30 11:00 AM Q3 $-243.1M $-222.4M $ -260M
2020-03-31 11:00 AM Q4 $-243.1M $ -385M
2020-06-30 11:00 AM Q1 $ -250M
2020-09-30 11:00 AM Q2 $ -225M
2020-12-30 11:00 AM Q3


News Stream
Armenia Current Account Gap Widens Slightly in Q2
The current account deficit in Armenia rose to USD 278.8 million in the second quarter of 2019 from USD 274 million in the same period of the previous year, as the services deficit widened to USD 15.6 million from USD 5.4 million while the goods shortfall fell slightly to USD 397.8 million from USD 449.2 million. Meantime, the primary income surplus decreased to USD 11.3 million from USD 31.5 million in Q1 2018 and the secondary surplus also shrank to USD 123.3 million from USD 149 million.
2019-09-30
Armenia Current Account Gap Widens in Q1
The current account deficit in Armenia rose to USD 277.3 million in the first quarter of 2019 from USD 227.2 million in the same period of the previous year. The goods and services gap widened to USD 366.6 million from USD 329.7 million in Q1 2018 and the secondary income surplus shrank to USD 140.3 million from USD 155.8 million while the primary income deficit narrowed slightly to USD 51 million from 53.3 million.
2019-06-28
Armenia Current Account Gap Widens in Q4
The current account deficit in Armenia increased to USD 389.8 million in the fourth quarter of 2018 from USD 301.4 million in the corresponding period of the previous year. The primary income surplus narrowed to USD 116.2 million from a USD 223 million while the services shortfall increased to USD 147.1 million from USD 95.7 million a year earlier. On the other hand, the secondary income surplus rose to USD 187.1 million from USD 183.9 million while the goods deficit decreased to USD 546 million from USD 612.7 million in the last quarter of 2017. Considering full 2018, the country's current account gap went up to USD 1.131 million (or 6.6 percent of the GDP) from USD 279.7 million (or 2.4 percent of the GDP) in 2017.
2019-04-04

Armenia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).