Armenia's PPG, commercial banks (NFL, current US$) was −US$4.45 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 170.18% from US$6.33 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$4.45 million | 2024 |
| Five years earlier | −US$1.78 million | 2019 |
| Ten years earlier | US$6.33 million | 2014 |
| Highest | US$21.17 million | 2015 |
| Lowest | −US$5 million | 2002 |
| Average since 2015 | US$1.74 million | 2015–2024 |
| First recorded | US$5 million |
What the numbers say
In 2024, Armenia's PPG, commercial banks (NFL, current US$) fell US$295,000 on 2023 (from −US$4.15 million to −US$4.45 million).
Across the 12 yearly changes before that (2012 to 2023), the average change was −US$543,000 and a typical year strayed about US$7.27 million 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 US$14.84 million in 2015 and the biggest yearly fall was US$13.61 million in 2016. 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 downward, about US$2.33 million a year. A straight line explains 73% 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 50th highest value of the 87 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.
| Value | Year | |
|---|---|---|
| Armenia | −US$4.45 million | 2024 |
| Upper middle income | US$30.53 billion | 2024 |
Closest to Armenia in the 2024 ranking
- Congo, Dem. Rep. — 47th of 87: −US$3.85 million
- Bosnia and Herzegovina — 48th of 87: −US$4.18 million
- Bhutan — 49th of 87: −US$4.25 million
- Belarus — 51st of 87: −US$4.48 million
- Ukraine — 52nd of 87: −US$6.69 million
- Papua New Guinea — 53rd of 87: −US$8.07 million
What this measures
Public and publicly guaranteed commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 16 values
| Year | PPG, commercial banks (NFL, current US$) |
|---|---|
| 2024 | -4,445,000 |
| 2023 | -4,150,000 |
| 2022 | -3,691,000 |
| 2021 | -3,662,000 |
| 2020 | -2,155,000 |
| 2019 | -1,784,000 |
| 2018 | 143,000 |
| 2017 | 8,409,000 |
| 2016 | 7,565,000 |
| 2015 | 21,171,000 |
| 2014 |
PPG, commercial banks (NFL, current US$) in nearby economies
- Albania — −US$9.82 million (2024)
- Azerbaijan — −US$313.83 million (2024)
- Belarus — −US$4.48 million (2024)
- Bosnia and Herzegovina — −US$4.18 million (2024)
- Bulgaria — −US$386,000 (2022)
- Georgia — −US$2.98 million (2024)
- Kazakhstan — −US$290.07 million (2024)
- Kosovo — −US$842,000 (2024)
- Moldova — −US$2.07 million (2024)
- Montenegro — −US$115.1 million (2024)
More economic policy & debt data for Armenia
- Adjusted savings, education expenditure (% of GNI) — 2.72% (2021)
- Adjusted savings, mineral depletion (current US$) — 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$20.79 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 8.05 trillion (2025)
- Households and NPISHs final consumption expenditure, linked series (current LCU)
Reading data like this
Questions people ask
- What is Armenia's PPG, commercial banks (NFL, current US$)?
- −US$4.45 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1998?
- It is down 188.9% from US$5 million in 1998. The highest value was US$21.17 million in 2015 and the lowest −US$5 million in 2002.
- How does Armenia rank?
- 50th highest of 87 economies with data for 2024.
- Is the latest change in PPG, commercial banks (NFL, current US$) unusual for Armenia?
- In 2024, Armenia's PPG, commercial banks (NFL, current US$) fell US$295,000 on 2023 (from −US$4.15 million to −US$4.45 million). Across the 12 yearly changes before that (2012 to 2023), the average change was −US$543,000 and a typical year strayed about US$7.27 million 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.
Source
World Bank, World Development Indicators, indicator DT.NFL.PCBK.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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