Armenia: Fiscal balance, percent of GDP

The latest value from 2024 is -3.69 percent, a decline from -2.02 percent in 2023. In comparison, the world average is -2.69 percent, based on data from 185 countries. Historically, the average for Armenia from 2005 to 2024 is -3.22 percent. The minimum value, -7.69 percent, was reached in 2009 while the maximum of -0.98 percent was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. The value is expressed as percent of GDP to relate it to the size of the economy. The source for these data is: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.