Armenia Current Account to GDP

Armenia recorded a Current Account deficit of 10.60 percent of the countrys Gross Domestic Product in 2012. Current Account to GDP in Armenia is reported by the Central Bank of Armenia. From 1995 until 2012, Armenia Current Account to GDP averaged -11.3 Percent reaching an all time high of -0.6 Percent in December of 2004 and a record low of -22.1 Percent in December of 1998. 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. 2014-04-19

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-10.60 -11.05 -0.55 -22.09 -8.73 | 2013/12 1995 - 2012 Percent Yearly

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Armenia Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -185.10 2014-02-28 -197.90 -33.98 -365.35 -242.33 2014-03-31 USD Million [+]
Capital Flows 1025.30 2013-06-30 857.30 1369.30 25.20 1031.75 2013-12-31 USD Million [+]
Current Account -335.94 2013-11-15 -129.83 74.31 -541.29 -250.22 2014-03-31 USD Million [+]
Current Account to GDP -10.60 2012-12-31 -11.05 -0.55 -22.09 -8.73 2013-12-31 Percent [+]
Exports 121.20 2014-02-28 96.90 162.46 34.21 116.87 2014-03-31 USD Million [+]
External Debt 3902.10 2013-12-31 3737.93 3902.10 536.30 3916.00 2014-12-31 USD Million [+]
Gold Reserves 0.00 2013-12-31 0.00 1.40 0.00 0.00 2014-03-31 Tonnes [+]
Imports 306.30 2014-02-28 294.80 482.90 78.72 313.16 2014-03-31 USD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Armenia Gold Reserves at 0.00 Tonnes  
Gold Reserves in Armenia remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Armenia is reported by the World Gold Council.
Armenia Core Inflation Rate at 1.80 Percent  
Core Inflation Rate in Armenia increased 1.80 percent in March of 2014 over the same month in the previous year. Core Inflation Rate in Armenia is reported by the Central Bank of Armenia.
Armenia Retail Sales YoY at 4.60 Percent  
Retail Sales in Armenia increased 4.60 percent in January of 2014 over the same month in the previous year. Retail Sales YoY in Armenia is reported by the Central Bank of Armenia.
Armenia Producer Prices at 100.10 Index Points  
Producer Prices in Armenia decreased to 100.10 Index Points in February of 2014 from 101.10 Index Points in January of 2014. Producer Prices in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Unemployed Persons at 57.50 Thousand  
The number of unemployed persons in Armenia increased to 57.50 Thousand in February of 2014 from 55.90 Thousand in January of 2014. Unemployed Persons in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Capital Flows at 1025.30 USD Million  
Capital Flows in Armenia increased to 1025.30 USD Million in 2013 from 857.30 USD Million in 2012. Capital Flows in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Confidence at 40.90  
Consumer Confidence in Armenia decreased to 40.90 in the fourth quarter of 2013 from 41.90 in the third quarter of 2013. Consumer Confidence in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Consumer Price Index (CPI) at 101.20 Index Points  
Consumer Price Index (CPI) in Armenia decreased to 101.20 Index Points in March of 2014 from 101.60 Index Points in February of 2014. Consumer Price Index (CPI) in Armenia is reported by the National Statistical Service of the Republic of Armenia.
Armenia Core Consumer Prices at 100.02 Index Points  
Core Consumer Prices in Armenia increased to 100.02 Index Points in March of 2014 from 99.55 Index Points in February of 2014. Core Consumer Prices in Armenia is reported by the Central Bank of Armenia.
Armenia Current Account at -335.94 USD Million  
Armenia recorded a Current Account deficit of 335.94 USD Million in the fourth quarter of 2013. Current Account in Armenia is reported by the Central Bank of Armenia.
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