Armenia posted a current account deficit of USD 15.2 million in the second quarter of 2022, the third consecutive gap, and compared with a USD 28.0 million surplus in the corresponding period of 2021. The goods shortfall widened to USD 455.2 million from USD 244.1 million a year earlier and the primary income gap rose to USD 273 million from USD 80.6 million. On the other hand, the services surplus increased to USD 324 million from USD 85 million and the secondary income surplus increased to USD 389 million from USD 267.7 million. source: Central Bank of Armenia

Current Account in Armenia averaged -132.25 USD Million from 1993 until 2022, reaching an all time high of 96.59 USD Million in the third quarter of 2016 and a record low of -541.68 USD Million in the fourth quarter of 2019. This page provides - Armenia Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

Current Account in Armenia is expected to be -400.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Current Account is projected to trend around -250.00 USD Million in 2023 and -280.00 USD Million in 2024, according to our econometric models.

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Armenia Current Account

Calendar GMT Actual Previous Consensus TEForecast
2022-07-06 11:00 AM Q1 -$-284.24M $-444M $-370M
2022-10-05 08:30 AM Q2 $-15.2M $-290.5M $-350M

Related Last Previous Unit Reference
Current Account -15.20 -290.54 USD Million Jun 2022
Current Account to GDP -2.50 -4.00 percent of GDP Dec 2021
External Debt 13874.37 13443.38 USD Million Jun 2022
Remittances 611.40 271.10 USD Million Jun 2022
Foreign Direct Investment 242.20 364.60 USD Million Jun 2022

Armenia Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-15.20 -290.54 96.59 -541.68 1993 - 2022 USD Million Quarterly