Armenia's service exports (current US$, BoP) was US$6.07 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 301.17% from US$1.51 billion in 2015 (14.9% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$6.07 billion | 2025 |
| Five years earlier | US$1.14 billion | 2020 |
| Ten years earlier | US$1.51 billion | 2015 |
| Highest | US$6.07 billion | 2025 |
| Lowest | US$13.67 million | 1994 |
| Average since 2016 | US$3.34 billion | 2016–2025 |
| First recorded | US$17.28 million |
What the numbers say
In 2025, Armenia's service exports (current US$, BoP) rose 3.8% on 2024 (from US$5.85 billion to US$6.07 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +28.6% and a typical year strayed about 44.7% from that (the standard deviation). This year's change was 0.6 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 171.7% in 1996 and the biggest yearly fall was 53.7% in 2020. 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 the straight-line trend is upward, about US$551.66 million 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 2025, Armenia had the 84th highest value of the 136 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$6.07 billion | 2025 |
| World | US$9.56 trillion | 2025 |
| Europe & Central Asia | US$4.87 trillion | 2025 |
| Upper middle income | US$1.18 trillion | 2025 |
Closest to Armenia in the 2025 ranking
What this measures
Exports of services are services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 33 values
| Year | Service exports (current US$, BoP) |
|---|---|
| 2025 | 6,072,918,906 |
| 2024 | 5,849,174,197 |
| 2023 | 5,813,981,057 |
| 2022 | 4,442,958,961 |
| 2021 | 1,763,282,838 |
| 2020 | 1,138,260,547 |
| 2019 | 2,459,058,866 |
| 2018 | 2,202,298,115 |
| 2017 | 2,022,804,525 |
| 2016 | 1,672,487,664 |
| 2015 |
Service exports (current US$, BoP) in nearby economies
- Albania — US$9.66 billion (2025)
- Austria — US$105.49 billion (2025)
- Azerbaijan — US$8.6 billion (2025)
- Belarus — US$11.86 billion (2025)
- Belgium — US$160.95 billion (2025)
- Bosnia and Herzegovina — US$4.01 billion (2025)
- Bulgaria — US$18.62 billion (2025)
- Croatia — US$26.72 billion (2025)
- Cyprus — US$35.73 billion (2025)
- Czechia — US$47.54 billion (2025)
- Denmark
More economic policy & debt data for Armenia
- Adjusted savings, education expenditure (% of GNI) — 2.72% (2021)
- Adjusted savings, mineral depletion (current US$) — 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$20.79 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 8.05 trillion (2025)
- Households and NPISHs final consumption expenditure, linked series (current LCU)
Reading data like this
Questions people ask
- What is Armenia's service exports (current US$, BoP)?
- US$6.07 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is up 35,044% from US$17.28 million in 1993 (20.1% a year on average, compounded). The highest value was US$6.07 billion in 2025 and the lowest US$13.67 million in 1994.
- How does Armenia rank?
- 84th highest of 136 economies with data for 2025.
- Is the latest change in service exports (current US$, BoP) unusual for Armenia?
- In 2025, Armenia's service exports (current US$, BoP) rose 3.8% on 2024 (from US$5.85 billion to US$6.07 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +28.6% and a typical year strayed about 44.7% from that (the standard deviation). This year's change was 0.6 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 BX.GSR.NFSV.CD, licensed CC BY 4.0. Original source: Balance of Payments 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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