Armenia recorded a Current Account surplus of 0.10 percent of the country's Gross Domestic Product in 2022. source: Central Bank of Armenia

Current Account to GDP in Armenia averaged -9.05 percent of GDP from 1995 until 2022, reaching an all time high of 0.10 percent of GDP in 2022 and a record low of -22.00 percent of GDP in 1998. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Current Account to GDP - values, historical data and charts - was last updated on June of 2023.

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Armenia Current Account to GDP

Related Last Previous Unit Reference
Current Account to GDP 0.10 -3.70 percent of GDP Dec 2022
Current Account -164.91 290.60 USD Million Dec 2022
External Debt 15257.89 13928.57 USD Million Dec 2022
Foreign Direct Investment 256.80 143.50 USD Million Dec 2022
Remittances 533.30 613.80 USD Million Dec 2022

Armenia Current Account to GDP
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.
Actual Previous Highest Lowest Dates Unit Frequency
0.10 -3.70 0.10 -22.00 1995 - 2022 percent of GDP Yearly