National Debt (% of GDP): Armenia
Armenia's national debt (% of gdp) is currently 54.1% as of 2026. # Armenia National Debt (% of GDP) Armenia's national debt stood at 54.
Current (2026)
54.1%
+1.3% y/y
Peak (2020)
67.3%
Low (2007)
16.1%
Source
IMF World Economic Outlook
1996–2026 · 35 pts
National Debt (% of GDP) — Armenia
1996 — 2026
National Debt (% of GDP) — Armenia
Analysis# Armenia National Debt (% of GDP)
Armenia's national debt stood at 54.1% of GDP in 2026, reflecting a moderate debt burden within its economic output. This figure sits well below the country's all-time peak of 67.3% recorded in 2020, yet substantially above the historic low of 16.1% in 2007. Since 1996, Armenia's debt ratio has increased by 32.6 percentage points, indicating a long-term upward trajectory despite recent stabilization efforts.
The 2020 spike to 67.3% marked a critical turning point, driven by external shocks and economic pressures. Armenia has since pursued fiscal consolidation, reducing debt to 49.3% by 2022—the lowest point in the current cycle. Recent projections show a gradual uptick, with debt expected to hover around 54% through 2026, suggesting policymakers have managed the debt burden without allowing renewed escalation.
Historical Data
35 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 53.1% | -1.48% |
| 2029 | 53.9% | +0.00% |
| 2028 | 53.9% | +0.37% |
| 2027 | 53.7% | -0.74% |
| 2026 | 54.1% | +1.31% |
| 2025 | 53.4% | +6.80% |
| 2024 | 50.0% | -0.79% |
| 2023 | 50.4% | +2.23% |
| 2022 | 49.3% | -22.48% |
| 2021 | 63.6% | -5.50% |
| 2020 | 67.3% | +24.17% |
| 2019 | 54.2% | -3.39% |
| 2018 | 56.1% | -3.44% |
| 2017 | 58.1% | +2.83% |
| 2016 | 56.5% | +16.98% |
| 2015 | 48.3% | +10.78% |
| 2014 | 43.6% | +4.81% |
| 2013 | 41.6% | +0.97% |
| 2012 | 41.2% | -1.90% |
| 2011 | 42.0% | +5.79% |
Show all 35 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 39.7% | -1.24% |
| 2009 | 40.2% | +149.69% |
| 2008 | 16.1% | +0.00% |
| 2007 | 16.1% | -13.90% |
| 2006 | 18.7% | -23.36% |
| 2005 | 24.4% | -7.58% |
| 2004 | 26.4% | -20.00% |
| 2003 | 33.0% | -13.61% |
| 2002 | 38.2% | +0.26% |
| 2001 | 38.1% | -3.79% |
| 2000 | 39.6% | +1.02% |
| 1999 | 39.2% | -13.27% |
| 1998 | 45.2% | -2.80% |
| 1997 | 46.5% | +13.97% |
| 1996 | 40.8% | — |
Related Data
Other Metrics
For Armenia
Compare National Debt
Same metric, other countries
Demographics
People & population data