Armenia recorded a Government Budget deficit equal to 1.80 percent of the country's Gross Domestic Product in 2018. Government Budget in Armenia averaged -3.28 percent of GDP from 1995 until 2018, reaching an all time high of -0.70 percent of GDP in 2008 and a record low of -7.50 percent of GDP in 2009.
Government Budget in Armenia is expected to be -2.30 percent of GDP by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government Budget is projected to trend around -1.40 percent of GDP in 2020, according to our econometric models.