Armenia recorded a Current Account deficit of 9.70 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Armenia averaged -10.12 percent from 1995 until 2019, reaching an all time high of -2.20 percent in 2004 and a record low of -22 percent in 1998. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Armenia is expected to reach -6.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Current Account to GDP is projected to trend around -6.60 percent in 2021 and -6.80 percent in 2022, according to our econometric models.

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Armenia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-9.70 -9.40 -2.20 -22.00 1995 - 2019 percent Yearly

Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -175.80 -155.70 -33.98 -440.00 USD Million [+]
Current Account -143.56 -218.17 74.31 -534.36 USD Million [+]
Current Account to GDP -9.70 -9.40 -2.20 -22.00 percent [+]
Imports 409.30 381.50 675.00 78.72 USD Million [+]
Exports 233.50 225.80 257.30 34.21 USD Million [+]
External Debt 12548.05 12000.13 12548.05 1155.60 USD Million [+]
Capital Flows -358.80 -11.10 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Remittances 412.30 343.70 742.69 98.05 USD Million [+]
Foreign Direct Investment 68.80 91.00 425.89 -67.57 USD Million [+]
Terms Of Trade 98.40 103.10 140.50 62.40 points [+]
Terrorism Index 1.17 1.69 2.37 0.00 [+]
Tourist Arrivals 70603.00 134490.00 193223.00 511.00 Thousand [+]


Armenia Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.