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. On the other hand 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 8 billion US Dollar was reached in 2020.
Based on the number of inhabitants, this is in Armenia a debt of 2,708 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.
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Gross debt of the last 22 years in billion USD
| Year | Armenia total | Armenia per capita | EU per capita |
|---|---|---|---|
| 1998 | 0.86 bn USD | 275 USD | 12,387 USD |
| 1999 | 0.72 bn USD | 234 USD | 12,342 USD |
| 2000 | 0.76 bn USD | 247 USD | 9,877 USD |
| 2001 | 0.81 bn USD | 264 USD | 9,894 USD |
| 2002 | 0.91 bn USD | 300 USD | 10,773 USD |
| 2003 | 0.93 bn USD | 307 USD | 13,433 USD |
| 2004 | 0.95 bn USD | 315 USD | 15,459 USD |
| 2005 | 1.00 bn USD | 336 USD | 16,095 USD |
| 2006 | 1.03 bn USD | 349 USD | 16,570 USD |
| 2007 | 1.31 bn USD | 447 USD | 18,334 USD |
| 2008 | 1.71 bn USD | 587 USD | 21,119 USD |
| 2009 | 2.95 bn USD | 1,022 USD | 22,222 USD |
| 2010 | 3.13 bn USD | 1,086 USD | 26,496 USD |
| 2011 | 3.62 bn USD | 1,259 USD | 29,231 USD |
| 2012 | 3.78 bn USD | 1,311 USD | 28,064 USD |
| 2013 | 4.04 bn USD | 1,394 USD | 29,836 USD |
| 2014 | 4.57 bn USD | 1,569 USD | 30,512 USD |
| 2015 | 4.66 bn USD | 1,592 USD | 25,813 USD |
| 2016 | 5.48 bn USD | 1,865 USD | 26,165 USD |
| 2017 | 6.19 bn USD | 2,102 USD | 26,931 USD |
| 2018 | 6.38 bn USD | 2,162 USD | 28,362 USD |
| 2019 | 6.82 bn USD | 2,306 USD | 27,095 USD |
| 2020 | 8.02 bn USD | 2,708 USD | 30,780 USD |
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