Armenia: Short-term debt (% of total external debt)

Key figures

What the numbers say

In 2024, Armenia's short-term debt (% of total external debt) rose 1.72 percentage points on 2023 (from 19.62% to 21.34%).

Across the 30 yearly changes before that (1994 to 2023), the average change was +0.65 percentage points and a typical year strayed about 3.45 percentage points from that (the standard deviation). This year's change was 0.3 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 9.82 percentage points in 2002 and the biggest yearly fall was 4.33 percentage points in 2005. 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 1.48 percentage points a year. A straight line explains 79% 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 22nd highest value of the 118 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

• Bosnia and Herzegovina — 19th of 118: 22.13%
• Vanuatu — 20th of 118: 22.1%
• Sudan — 21st of 118: 21.51%
• Moldova — 23rd of 118: 21.3%
• Cambodia — 24th of 118: 20.48%
• Nigeria — 25th of 118: 20.44%

What this measures

Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.

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

All 32 values

Short-term debt (% of total external debt) in nearby economies

• Albania — 11.58% (2024)
• Azerbaijan — 1.79% (2024)
• Belarus — 29.02% (2024)
• Bosnia and Herzegovina — 22.13% (2024)
• Bulgaria — 21.16% (2022)
• Georgia — 18.8% (2024)
• Kazakhstan — 11.7% (2024)
• Kosovo — 35.58% (2024)
• Kyrgyz Republic — 13.67% (2024)
• Moldova — 21.3% (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
• 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 short-term debt (% of total external debt)?

21.34% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1993?

It is up 21.32 percentage points from 0.01% in 1993. The highest value was 21.34% in 2024 and the lowest 0.01% in 1993.

How does Armenia rank?

22nd highest of 118 economies with data for 2024.

Is the latest change in short-term debt (% of total external debt) unusual for Armenia?

In 2024, Armenia's short-term debt (% of total external debt) rose 1.72 percentage points on 2023 (from 19.62% to 21.34%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.65 percentage points and a typical year strayed about 3.45 percentage points from that (the standard deviation). This year's change was 0.3 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.DOD.DSTC.ZS, 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.

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.