Armenia Current Account to GDP
Armenia recorded a Current Account deficit of 10.60 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Armenia averaged -11.31 Percent from 1995 until 2012, reaching an all time high of -0.55 Percent in 2004 and a record low of -22.09 Percent in 1998. Current Account to GDP in Armenia is reported by the Central Bank of Armenia.
||1995 - 2012
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. This page provides - Armenia Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.