Armenia Current Account to GDP

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.

Current Account to GDP in Armenia is expected to be -6.70 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 -4.00 percent in 2020, according to our econometric models.

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Armenia Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-215.60	-188.90	-33.98	-365.35	USD Million	[+]
Current Account	-277.28	-400.38	74.31	-511.22	USD Million	[+]
Current Account to GDP	-6.60	-2.40	-2.20	-22.00	percent	[+]
Exports	212.30	209.00	231.90	34.21	USD Million	[+]
Imports	427.90	395.10	502.30	78.72	USD Million	[+]
External Debt	11078.96	10916.02	11078.96	1155.60	USD Million	[+]
Capital Flows	-234.50	-231.10	99.30	-693.70	USD Million	[+]
Gold Reserves	0.00	0.00	1.40	0.00	Tonnes	[+]
Terms Of Trade	100.80	94.40	140.50	62.40	Index Points	[+]
Terrorism Index	1.69	2.37	2.37	0.00		[+]
Tourist Arrivals	61268.00	61173.00	164663.00	511.00	Thousand	[+]
Remittances	253.74	464.98	742.69	98.05	USD Million	[+]
Foreign Direct Investment	34.40	67.72	425.89	-67.57	USD Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

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. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2019.

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

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%