Armenia: Public and publicly guaranteed debt service (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Armenia's public and publicly guaranteed debt service (% of exports of goods, services and primary income) fell 1.71 percentage points on 2023 (from 4.58% to 2.87%).

Across the 28 yearly changes before that (1996 to 2023), the average change was +0.07 percentage points and a typical year strayed about 4.48 percentage points from that (the standard deviation). This year's change was 0.4 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 11.28 percentage points in 2013 and the biggest yearly fall was 10.61 percentage points 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 there is no clear straight-line trend: a straight line explains 9% 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 2024, Armenia had the 86th highest value of the 101 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

• Bulgaria — 83rd of 101: 3.31%
• India — 84th of 101: 3.07%
• Ghana — 85th of 101: 2.92%
• Timor-Leste — 87th of 101: 2.85%
• Guinea — 88th of 101: 2.83%
• Iraq — 89th of 101: 2.8%

What this measures

Public and publicly guaranteed debt service to exports of goods, services, and income. 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. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

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

All 30 values

Public and publicly guaranteed debt service (% of exports of goods, services and primary income) in nearby economies

• Albania — 4.63% (2024)
• Azerbaijan — 9% (2024)
• Belarus — 6.84% (2024)
• Bosnia and Herzegovina — 4.24% (2024)
• Bulgaria — 3.31% (2024)
• Georgia — 4.47% (2024)
• Kazakhstan — 5.82% (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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Armenia's public and publicly guaranteed debt service (% of exports of goods, services and primary income)?

2.87% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is up 0.2 percentage points from 2.67% in 1995. The highest value was 13.1% in 2013 and the lowest 0.85% in 2008.

How does Armenia rank?

86th highest of 101 economies with data for 2024.

Is the latest change in public and publicly guaranteed debt service (% of exports of goods, services and primary income) unusual for Armenia?

Source

World Bank, World Development Indicators, indicator DT.TDS.DPPG.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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