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household debts in Armenia

Gross debt in Armenia

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Armenia in the period from 1998 to 2020 was between 723.3 million and 8.0 billion USD. The highest level of the last years at eight billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 2,860 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 22 years in billion USD




YearArmenia totalArmenia per capitaEU per capita
19980.86 bn USD275 USD14,079 USD
19990.72 bn USD234 USD14,032 USD
20000.76 bn USD247 USD11,232 USD
20010.81 bn USD264 USD11,255 USD
20020.91 bn USD300 USD12,258 USD
20030.93 bn USD307 USD15,286 USD
20040.95 bn USD315 USD17,595 USD
20051.00 bn USD336 USD18,327 USD
20061.03 bn USD349 USD18,877 USD
20071.31 bn USD447 USD20,898 USD
20081.71 bn USD587 USD24,086 USD
20092.95 bn USD1,022 USD25,361 USD
20103.13 bn USD1,086 USD26,496 USD
20113.62 bn USD1,259 USD29,231 USD
20123.78 bn USD1,311 USD28,174 USD
20134.04 bn USD1,394 USD29,981 USD
20144.57 bn USD1,569 USD30,648 USD
20154.66 bn USD1,618 USD25,918 USD
20165.48 bn USD1,911 USD26,261 USD
20176.19 bn USD2,171 USD27,024 USD
20186.38 bn USD2,250 USD28,448 USD
20196.82 bn USD2,418 USD27,168 USD
20208.02 bn USD2,860 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      Armenia       European Union


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