Armenia recorded a Government Debt to GDP of 49 percent of the country's Gross Domestic Product in 2025. Government Debt to GDP in Armenia averaged 39.94 percent of GDP from 1997 until 2025, reaching an all time high of 63.47 percent of GDP in 2020 and a record low of 14.25 percent of GDP in 2007. source: Central Bank of Armenia

Government Debt to GDP in Armenia is expected to reach 51.00 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Government External Debt to GDP is projected to trend around 51.90 percent of GDP in 2027 and 52.60 percent of GDP in 2028, according to our econometric models.



Related Last Previous Unit Reference
Credit Rating 40.00 May 2026
Fiscal Expenditure 1158450.10 767598.90 AMD Million Dec 2025
Government Budget -3.70 -3.15 percent of GDP Dec 2025
Government Budget Value -337293.40 -43126.00 AMD Million Dec 2025
Government Debt 5311.60 5354.50 AMD Billion Mar 2026
Government Debt to GDP 49.00 50.30 percent of GDP Dec 2025
Government Revenues 821156.70 724472.90 AMD Million Dec 2025
Government Spending 221243.90 392020.70 AMD Million Mar 2026
Government Spending to GDP 28.56 26.80 percent of GDP Dec 2024
Holidays
Military Expenditure 1725.20 1418.30 USD Million Dec 2025


Armenia Government External Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
49.00 50.30 63.47 14.25 1997 - 2025 percent of GDP Yearly