
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
Year | Armenia total | Armenia per capita | EU per capita |
---|---|---|---|
1998 | 0.86 bn USD | 275 USD | 14,079 USD |
1999 | 0.72 bn USD | 234 USD | 14,032 USD |
2000 | 0.76 bn USD | 247 USD | 11,241 USD |
2001 | 0.81 bn USD | 264 USD | 11,263 USD |
2002 | 0.91 bn USD | 300 USD | 12,266 USD |
2003 | 0.93 bn USD | 307 USD | 15,295 USD |
2004 | 0.95 bn USD | 315 USD | 17,606 USD |
2005 | 1.00 bn USD | 336 USD | 18,337 USD |
2006 | 1.03 bn USD | 349 USD | 18,887 USD |
2007 | 1.31 bn USD | 447 USD | 20,910 USD |
2008 | 1.71 bn USD | 587 USD | 24,100 USD |
2009 | 2.95 bn USD | 1,022 USD | 25,376 USD |
2010 | 3.13 bn USD | 1,086 USD | 26,515 USD |
2011 | 3.62 bn USD | 1,259 USD | 29,254 USD |
2012 | 3.78 bn USD | 1,311 USD | 28,198 USD |
2013 | 4.04 bn USD | 1,394 USD | 30,008 USD |
2014 | 4.57 bn USD | 1,569 USD | 30,677 USD |
2015 | 4.66 bn USD | 1,618 USD | 25,944 USD |
2016 | 5.48 bn USD | 1,911 USD | 26,287 USD |
2017 | 6.19 bn USD | 2,171 USD | 27,108 USD |
2018 | 6.38 bn USD | 2,250 USD | 28,543 USD |
2019 | 6.82 bn USD | 2,418 USD | 27,264 USD |
2020 | 8.02 bn USD | 2,860 USD | 30,919 USD |
2021 | 8.35 bn USD | 2,992 USD | 33,827 USD |