Armenia vs Upper middle income: IFC, private nonguaranteed (NFL, US$), annual growth rate

Armenia
85.75 % change on previous year
in 2023
Upper middle income
-37.22 % change on previous year
in 2024
Armenia rank
39th
Upper middle income rank
36th

IFC, private nonguaranteed (NFL, US$), annual growth rate over time

  • Armenia
  • Upper middle income
-50005001.0k200220132024

How they compare

Armenia currently reports 85.75 % change on previous year against -37.22 % change on previous year in Upper middle income, a difference of 122.97 % change on previous year.

That makes Armenia's figure about 2.3 times Upper middle income's.

The two have swapped places 11 times across 19 shared years of data; in 2005 it was Upper middle income ahead.

Armenia ranks 39th and Upper middle income ranks 36th of 99 countries.

Upper middle income has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade Armenia Upper middle income Difference Ahead
2000s -61.77 % change on previous year 67.65 % change on previous year 129.41 % change on previous year Upper middle income
2010s 77.67 % change on previous year 81.64 % change on previous year 3.97 % change on previous year Upper middle income
2020s 57.12 % change on previous year 99.06 % change on previous year 41.94 % change on previous year Upper middle income

Averages of every year both report within each decade.

Frequently asked questions

Which has higher ifc, private nonguaranteed (nfl, us$), annual growth rate, Armenia or Upper middle income?
Armenia, at 85.75 % change on previous year against -37.22 % change on previous year in Upper middle income as of 2023.
What is the difference in ifc, private nonguaranteed (nfl, us$), annual growth rate between Armenia and Upper middle income?
122.97 % change on previous year, with Armenia ahead.
How many years of comparable data are there for Armenia and Upper middle income?
19 years are reported by both, from 2005 to 2023.
How do Armenia and Upper middle income rank globally for ifc, private nonguaranteed (nfl, us$), annual growth rate?
Armenia ranks 39th and Upper middle income ranks 36th of 99 countries.
Where does this data come from?
Statizoid (derived), published as IFC, private nonguaranteed (NFL, US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Armenia vs Upper middle income: IFC, private nonguaranteed (NFL, US$), annual growth rate. Statizoid, drawing on Statizoid (derived). Retrieved 07 September 2026, from https://debt.statizoid.com/compare/ifc-private-nonguaranteed-nfl-us-annual-growth-rate/armenia/upper-middle-income/

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About this data

Indicator
IFC, private nonguaranteed (NFL, US$), annual growth rate
Unit
% change on previous year
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
144 places, 2,671 data points, 2002–2024
Last refreshed

The year-on-year percentage change in IFC, private nonguaranteed (NFL, US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.