Armenia: Foreign direct investment, net inflows (BoP, current US$)

Key figures

What the numbers say

In 2025, Armenia's foreign direct investment, net inflows (BoP, current US$) rose 539.5% on 2024 (from US$110.71 million to US$708.03 million).

Across the 30 yearly changes before that (1995 to 2024), the average change was +45.9% and a typical year strayed about 131.3% from that (the standard deviation). This year's change was 3.8 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 900% in 1994 and the biggest yearly fall was 80.9% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 there is no clear straight-line trend: a straight line explains 18% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2025, Armenia had the 111th highest value of the 198 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 2025 ranking

• Bahrain — 107th of 198: US$821.17 million
• Mauritius — 108th of 198: US$804.43 million
• El Salvador — 109th of 198: US$763.72 million
• Turkmenistan — 111th of 198: US$701.43 million
• Montenegro — 112th of 198: US$676.19 million
• North Macedonia — 113th of 198: US$675.78 million

What this measures

Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. Data are in current U.S. dollars.

Limitations: FDI data do not give a complete picture of international investment in an economy. Balance of payments data on FDI do not include capital raised locally, an important source of investment financing in some developing countries. In addition, FDI data omit nonequity cross-border transactions such as intra-unit flows of goods and services. The volume of global private financial flows reported by the World Bank generally differs from that reported by other sources because of differences in sources, classification of economies, and method used to adjust and disaggregate reported information.

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

All 34 values

Foreign direct investment, net inflows (BoP, current US$) in nearby economies

• Albania — US$1.85 billion (2025)
• Austria — −US$11.68 billion (2025)
• Azerbaijan — US$374.19 million (2025)
• Belarus — US$1.65 billion (2025)
• Belgium — −US$28.79 billion (2025)
• Bosnia and Herzegovina — US$851.46 million (2025)
• Bulgaria — US$4.88 billion (2025)
• Croatia — US$2.99 billion (2025)
• Cyprus — US$11.16 billion (2025)

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 foreign direct investment, net inflows (BoP, current US$)?

US$708.03 million in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1992?

It is up 29,401% from US$2.4 million in 1992 (18.81% a year on average, compounded). The highest value was US$975.66 million in 2022 and the lowest US$800,000 in 1993.

How does Armenia rank?

111th highest of 198 economies with data for 2025.

Is the latest change in foreign direct investment, net inflows (BoP, current US$) unusual for Armenia?

Source

World Bank, World Development Indicators, indicator BX.KLT.DINV.CD.WD, licensed CC BY 4.0. Original source: Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and Development and official national sources.; UN Conference on Trade and Development (UNCTAD); Official… 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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