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 2021 was between 723.4 million and 8.4 billion USD. The highest level of the last years at eight billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 2,992 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,827 USD.

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Gross debt of the last 23 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 USD11,241 USD
20010.81 bn USD264 USD11,263 USD
20020.91 bn USD300 USD12,266 USD
20030.93 bn USD307 USD15,295 USD
20040.95 bn USD315 USD17,606 USD
20051.00 bn USD336 USD18,337 USD
20061.03 bn USD349 USD18,887 USD
20071.31 bn USD447 USD20,910 USD
20081.71 bn USD587 USD24,100 USD
20092.95 bn USD1,022 USD25,376 USD
20103.13 bn USD1,086 USD26,515 USD
20113.62 bn USD1,259 USD29,254 USD
20123.78 bn USD1,311 USD28,198 USD
20134.04 bn USD1,394 USD30,008 USD
20144.57 bn USD1,569 USD30,677 USD
20154.66 bn USD1,618 USD25,944 USD
20165.48 bn USD1,911 USD26,287 USD
20176.19 bn USD2,171 USD27,108 USD
20186.38 bn USD2,250 USD28,543 USD
20196.82 bn USD2,418 USD27,264 USD
20208.02 bn USD2,860 USD30,919 USD
20218.35 bn USD2,992 USD33,827 USD

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

      Armenia       European Union

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