Armenia recorded a Current Account deficit of 6.60 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Armenia averaged -10 percent from 1995 until 2018, 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.

Current Account to GDP in Armenia is expected to be -7.50 percent by the end of this quarter, 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 -6.50 percent in 2020, according to our econometric models.


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Armenia Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.60 -2.40 -2.20 -22.00 1995 - 2018 percent Yearly

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.

Armenia Trade Last Previous Highest Lowest Unit
Balance of Trade -300.20 -303.70 -33.98 -365.35 USD Million [+]
Current Account -243.12 -222.40 74.31 -511.22 USD Million [+]
Current Account to GDP -6.60 -2.40 -2.20 -22.00 percent [+]
Exports 255.20 235.20 255.20 34.21 USD Million [+]
Imports 555.40 538.90 555.40 78.72 USD Million [+]
External Debt 11666.40 11472.66 11666.40 1155.60 USD Million [+]
Capital Flows -113.70 -204.40 99.30 -693.70 USD Million [+]
Gold Reserves 0.00 0.00 1.40 0.00 Tonnes [+]
Terms Of Trade 93.80 99.50 140.50 62.40 points [+]
Terrorism Index 1.17 1.69 2.37 0.00 [+]
Tourist Arrivals 193223.00 161308.00 193223.00 511.00 Thousand [+]
Remittances 343.70 253.74 742.69 98.05 USD Million [+]
Foreign Direct Investment 56.60 34.60 425.89 -67.57 USD Million [+]