Contingent short-term net drains on foreign currency assets (nominal) in Armenia
Armenia: Contingent short-term net drains on foreign currency assets (nominal) was -1.05 billion in 2024. ◆ Volatile
Contingent short-term net drains on foreign currency assets (nominal) in Armenia, 2005–2024
Source: International Monetary Fund.
Analysis
In 2024, contingent short-term net drains on foreign currency assets (nominal) in Armenia stood at -1.05 billion. That is the lowest value across all 10 years on record.
The figure is down 5.3% on the previous year and down 859.2% over ten years.
Over the whole period, contingent short-term net drains on foreign currency assets (nominal) in Armenia peaked at -39.06 million in 2005 and was at its lowest, -1.05 billion, in 2024.
That places Armenia 40th out of 64 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -101.96 million | -192.70 million | -39.06 million | 5 |
| 2010s | -109.35 million | -109.35 million | -109.35 million | 1 |
| 2020s | -808.07 million | -1.05 billion | -330.80 million | 4 |
Countries ranked near Armenia
More external debt data for Armenia
- IFC, private nonguaranteed 163.50 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 53.9 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0063 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre -187.56 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 2.3% (2024)
- Net financial flows, IDA -67.81 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -22.35 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0.0026 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 106.43 million NFL, current US$ (2024)
- Public and publicly guaranteed debt service 2.9% (2024)
Frequently asked questions
- What is contingent short-term net drains on foreign currency assets (nominal) in Armenia?
- Contingent short-term net drains on foreign currency assets (nominal) in Armenia was -1.05 billion in 2024, according to International Monetary Fund.
- What is the highest contingent short-term net drains on foreign currency assets (nominal) recorded in Armenia?
- The highest recorded value was -39.06 million in 2005.
- What is the lowest contingent short-term net drains on foreign currency assets (nominal) recorded in Armenia?
- The lowest recorded value was -1.05 billion in 2024.
- How does Armenia rank for contingent short-term net drains on foreign currency assets (nominal)?
- Armenia ranks 40th out of 64 countries with data for 2024.
- Is contingent short-term net drains on foreign currency assets (nominal) rising or falling in Armenia?
- Over the last ten years it is down 859.2%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Monetary Fund, published as part of Contingent short-term net drains on foreign currency assets (nominal value), Other contingent liabilities (International Reserves and Foreign Currency Liquidity: Guidelines for a Data Template 2013 (IRFCL 2013), Monetary Authorities and Central Government excluding Social Security). Statizoid updates them automatically from the source API.
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About this data
The International Reserves and Foreign Currency Liquidity (IRFCL, or the “Reserves Data Template”) dataset includes data on the amount and composition of countries’ official reserve assets, other foreign currency assets held by monetary authorities and central governments, and short-term foreign currency obligations and related activities of monetary authorities and central governments that can lead to drains on official reserves and other foreign currency assets. This website re-disseminates IMF member countries' data on international reserves and foreign currency liquidity in a common template and in a common currency (the U.S. dollar). Historical data by country are also available. Please note that the re-dissemination of the template data by the Fund does not constitute endorsement of the quality of the data by the Fund.