Armenia: Expense (current LCU)

Key figures

What the numbers say

In 2023, Armenia's expense (current LCU) rose 10.5% on 2022 (from 1.8 trillion to 1.99 trillion).

Across the 18 yearly changes before that (2005 to 2022), the average change was +10.4% and a typical year strayed about 10.2% from that (the standard deviation). This year's change was 0.0 standard deviations above 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 40.5% in 2008 and the biggest yearly fall was 3.4% in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about 88.93 billion a year. A straight line explains 92% 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.

A straight-line projection, tested first

Extending that straight line gives about 2.15 trillion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 132.4 billion, against 201.2 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2023, Armenia had the 24th highest value of the 80 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 2023 ranking

• Brazil — 21st of 80: 3.55 trillion
• Rwanda — 22nd of 80: 3.09 trillion
• Burkina Faso — 23rd of 80: 2.39 trillion
• Norway — 25th of 80: 1.83 trillion
• Iceland — 26th of 80: 1.4 trillion
• France — 27th of 80: 1.34 trillion

What this measures

Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 20 values

Expense (current LCU) in nearby economies

• Albania — 601.38 billion (2023)
• Austria — 219.95 billion (2023)
• Azerbaijan — 30.83 billion (2022)
• Belarus — 62.05 billion (2023)
• Belgium — 223.05 billion (2022)
• Bosnia and Herzegovina — 17.62 billion (2023)
• Bulgaria — 33.8 billion (2023)
• Croatia — 30.19 billion (2023)
• Cyprus — 12.48 billion (2023)
• Czechia — 2.43 trillion (2022)
• Denmark — 929.46 billion (2023)
• Estonia

More public sector data for Armenia

• Military expenditure (current LCU) — 667.88 billion (2025)
• Military expenditure (% of GDP) — 6.09% (2025)
• Intentional homicides, female (per 100,000 female) — 0.7 (2023)
• Intentional homicides, male (per 100,000 male) — 3.95 (2023)
• Intentional homicides (per 100,000 people) — 2.21 (2023)
• Military expenditure (current USD) — 1.73 billion (2025)
• Armed forces personnel, total — 47,000 (2020)
• Armed forces personnel (% of total labor force) — 3.25% (2020)
• Net acquisition of financial assets (current LCU) — 30.16 billion (2024)
• Net acquisition of financial assets (% of GDP)

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 expense (current LCU)?

1.99 trillion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 514.63% from 323.51 billion in 2004 (10.03% a year on average, compounded). The highest value was 1.99 trillion in 2023 and the lowest 323.51 billion in 2004.

How does Armenia rank?

24th highest of 80 economies with data for 2023.

Source

World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) 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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