Armenia: Net investment in nonfinancial assets (current LCU)

Key figures

What the numbers say

In 2024, Armenia's net investment in nonfinancial assets (current LCU) rose 14.6% on 2023 (from 472.59 billion to 541.69 billion).

Across the 19 yearly changes before that (2005 to 2023), the average change was +19.1% and a typical year strayed about 42.7% from that (the standard deviation). This year's change was 0.1 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 119.7% in 2009 and the biggest yearly fall was 46.4% in 2008. 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 39 billion a year. A straight line explains 72% 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 20th highest value of the 90 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

• Türkiye — 17th of 90: 1.14 trillion
• Argentina — 18th of 90: 762.46 billion
• Costa Rica — 19th of 90: 667.46 billion
• United States — 21st of 90: 435.61 billion
• Thailand — 22nd of 90: 420.58 billion
• Mexico — 23rd of 90: 297.68 billion

What this measures

Net investment in government nonfinancial assets includes fixed assets, inventories, valuables, and nonproduced assets. Nonfinancial assets are stores of value and provide benefits either through their use in the production of goods and services or in the form of property income and holding gains. Net investment in nonfinancial assets also includes consumption of fixed capital. 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 21 values

Net investment in nonfinancial assets (current LCU) in nearby economies

• Albania — 102.01 billion (2024)
• Austria — 11.48 billion (2024)
• Azerbaijan — 10.05 billion (2024)
• Belarus — 4.76 billion (2024)
• Belgium — 4.51 billion (2024)
• Bosnia and Herzegovina — 1.46 billion (2024)
• Bulgaria — 1.9 billion (2024)
• Croatia — 2.54 billion (2023)
• Cyprus — 832 million (2024)
• Czechia

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 net investment in nonfinancial assets (current LCU)?

541.69 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2004?

It is up 910.44% from 53.61 billion in 2004 (12.26% a year on average, compounded). The highest value was 541.69 billion in 2024 and the lowest 53.61 billion in 2004.

How does Armenia rank?

20th highest of 90 economies with data for 2024.

Is the latest change in net investment in nonfinancial assets (current LCU) unusual for Armenia?

In 2024, Armenia's net investment in nonfinancial assets (current LCU) rose 14.6% on 2023 (from 472.59 billion to 541.69 billion). Across the 19 yearly changes before that (2005 to 2023), the average change was +19.1% and a typical year strayed about 42.7% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator GC.NFN.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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.