Armenia: Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)

Key figures

What the numbers say

In 2024, Armenia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) fell 20% on 2023 (from US$711.52 million to US$569.13 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +60.6% and a typical year strayed about 147.7% from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 687.5% in 2013 and the biggest yearly fall was 80.4% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about US$38.95 million a year. A straight line explains 39% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Armenia had the 63rd highest value of the 120 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Armenia in the 2024 ranking

• North Macedonia — 59th of 120: US$639.46 million
• Nicaragua — 60th of 120: US$636.96 million
• Papua New Guinea — 61st of 120: US$623.36 million
• Bosnia and Herzegovina — 63rd of 120: US$567.79 million
• Cambodia — 64th of 120: US$544.26 million
• Haiti — 65th of 120: US$512.09 million

What this measures

Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Data are in current U.S. dollars.

Regional and income-group figures are computed by the World Bank as a sum.

All 32 values

Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) in nearby economies

• Albania — US$503.59 million (2024)
• Azerbaijan — US$3.31 billion (2024)
• Belarus — US$3.56 billion (2024)
• Bosnia and Herzegovina — US$567.79 million (2024)
• Bulgaria — US$2.25 billion (2024)
• Georgia — US$810.1 million (2024)
• Kazakhstan — US$5.55 billion (2024)
• Kosovo

More economic policy & debt data for Armenia

• Adjusted savings, education expenditure (% of GNI) — 2.72% (2021)
• Adjusted savings, mineral depletion (current US$) — US$448.08 million (2021)
• General government final consumption expenditure (current US$) — US$2.98 billion (2025)
• General government final consumption expenditure (current LCU) — 1.15 trillion (2025)
• General government final consumption expenditure (% of GDP) — 10.19% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$20.79 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 8.05 trillion (2025)
• Households and NPISHs final consumption expenditure, linked series (current LCU)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Armenia's debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$)?

US$569.13 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 29,072% from US$1.95 million in 1993 (20.09% a year on average, compounded). The highest value was US$756.19 million in 2019 and the lowest US$1.95 million in 1993.

How does Armenia rank?

63rd highest of 120 economies with data for 2024.

Is the latest change in debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$) unusual for Armenia?

Source

World Bank, World Development Indicators, indicator DT.TDS.DPPG.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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