
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
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 | 11,232 USD |
2001 | 0.81 bn USD | 264 USD | 11,255 USD |
2002 | 0.91 bn USD | 300 USD | 12,258 USD |
2003 | 0.93 bn USD | 307 USD | 15,286 USD |
2004 | 0.95 bn USD | 315 USD | 17,595 USD |
2005 | 1.00 bn USD | 336 USD | 18,327 USD |
2006 | 1.03 bn USD | 349 USD | 18,877 USD |
2007 | 1.31 bn USD | 447 USD | 20,898 USD |
2008 | 1.71 bn USD | 587 USD | 24,086 USD |
2009 | 2.95 bn USD | 1,022 USD | 25,361 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 | 28,174 USD |
2013 | 4.04 bn USD | 1,394 USD | 29,981 USD |
2014 | 4.57 bn USD | 1,569 USD | 30,648 USD |
2015 | 4.66 bn USD | 1,618 USD | 25,918 USD |
2016 | 5.48 bn USD | 1,911 USD | 26,261 USD |
2017 | 6.19 bn USD | 2,171 USD | 27,024 USD |
2018 | 6.38 bn USD | 2,250 USD | 28,448 USD |
2019 | 6.82 bn USD | 2,418 USD | 27,168 USD |
2020 | 8.02 bn USD | 2,860 USD | 30,783 USD |