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 -2.00 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 -1.90 percent of GDP in 2020, according to our econometric models.

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Armenia Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -4.80 -0.70 -7.50 1995 - 2018 percent of GDP Yearly


Armenia Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 48.49 48.29 48.49 13.56 percent [+]
Government Budget -1.80 -4.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -24704.10 93147.40 93147.40 -176100.10 AMD Billion [+]
Government Revenues 401109.00 448757.10 448757.10 54380.30 AMD Billion [+]
Government Debt 3352.70 3300.20 3364.80 491.00 AMD Billion [+]
Fiscal Expenditure 425813.10 355609.70 538397.40 58587.20 AMD Million [+]
Government Spending 201203.20 176345.50 263855.40 15855.90 AMD Million [+]
Credit Rating 14.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]