Government Spending in Armenia increased to 227904.30 AMD Million in the third quarter of 2020 from 210246.20 AMD Million in the second quarter of 2020. source: National Statistical Service of the Republic of Armenia

Government Spending in Armenia averaged 109338.65 AMD Million from 2000 until 2020, reaching an all time high of 299123.10 AMD Million in the fourth quarter of 2019 and a record low of 15855.90 AMD Million in the first quarter of 2000. This page provides - Armenia Government Spending- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Government Spending - values, historical data and charts - was last updated on January of 2021.

Government Spending in Armenia is expected to be 148060.00 AMD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Government Spending in Armenia to stand at 217649.00 in 12 months time. In the long-term, the Armenia Government Spending is projected to trend around 231796.00 AMD Million in 2022 and 246862.00 AMD Million in 2023, according to our econometric models.

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Armenia Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
227904.30 210246.20 299123.10 15855.90 2000 - 2020 AMD Million Quarterly
Current Prices, NSA

Armenia Government Last Previous Highest Lowest Unit
Government Debt to GDP 45.60 48.49 48.49 13.56 percent [+]
Government Budget -1.00 -1.80 -0.70 -7.50 percent of GDP [+]
Government Budget Value -102989.50 -83755.90 93147.40 -176100.10 AMD Billion [+]
Government Revenues 370633.10 353736.20 448757.10 54380.30 AMD Billion [+]
Government Debt 3826.10 3720.10 3826.10 491.00 AMD Billion [+]
Fiscal Expenditure 473622.60 437492.10 588998.30 58587.20 AMD Million [+]
Credit Rating 16.00 [+]
Military Expenditure 591.00 444.00 591.00 49.80 USD Million [+]
Government Spending 227904.30 210246.20 299123.10 15855.90 AMD Million [+]
Government Spending To Gdp 24.80 24.10 28.60 23.60 percent of GDP [+]

Armenia Government Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.