Short-term debt in Armenia
Armenia: Short-term debt was 21.3% in 2024. ◆ Volatile
Short-term debt in Armenia, 1993–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Armenia is 21.3%, measured in 2024. That is the highest value across all 32 years on record.
The figure is up 8.8% on the previous year and up 101.0% over ten years.
Over the whole period, short-term debt in Armenia peaked at 21.3% in 2024 and was at its lowest, 0.0%, in 1993.
That places Armenia 22nd out of 121 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Armenia, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1993 | 0.0% | — |
| 1994 | 0.5% | +3239.6% |
| 1995 | 0.6% | +16.0% |
| 1996 | 0.3% | -53.4% |
| 1997 | 3.4% | +1181.4% |
| 1998 | 5.6% | +63.0% |
| 1999 | 4.8% | -14.3% |
| 2000 | 4.4% | -9.3% |
| 2001 | 3.0% | -31.8% |
| 2002 | 12.8% | +329.9% |
| 2003 | 20.2% | +58.2% |
| 2004 | 19.5% | -3.9% |
| 2005 | 15.1% | -22.3% |
| 2006 | 14.3% | -5.1% |
| 2007 | 16.2% | +13.2% |
| 2008 | 14.4% | -11.3% |
| 2009 | 10.7% | -25.6% |
| 2010 | 10.4% | -3.0% |
| 2011 | 12.2% | +17.3% |
| 2012 | 11.0% | -9.6% |
| 2013 | 13.2% | +20.2% |
| 2014 | 10.6% | -19.9% |
| 2015 | 7.5% | -29.2% |
| 2016 | 10.9% | +44.7% |
| 2017 | 8.7% | -20.1% |
| 2018 | 10.6% | +21.7% |
| 2019 | 13.4% | +26.9% |
| 2020 | 12.3% | -8.5% |
| 2021 | 10.9% | -11.5% |
| 2022 | 20.4% | +87.5% |
| 2023 | 19.6% | -3.6% |
| 2024 | 21.3% | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.2% | 0.0% | 5.6% | 7 |
| 2000s | 13.1% | 3.0% | 20.2% | 10 |
| 2010s | 10.9% | 7.5% | 13.4% | 10 |
| 2020s | 16.9% | 10.9% | 21.3% | 5 |
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 short-term debt in Armenia?
- Short-term debt in Armenia was 21.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Armenia?
- The highest recorded value was 21.3% in 2024.
- What is the lowest short-term debt recorded in Armenia?
- The lowest recorded value was 0.0% in 1993.
- How does Armenia rank for short-term debt?
- Armenia ranks 22nd out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Armenia?
- Over the last ten years it is up 101.0%. The long-run trend across the full record is volatile.
- Where does this Armenia data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.