Short-term debt (% of total external debt) in Armenia
Armenia: Short-term debt (% of total external debt) was 25.8% in 2025. ◆ Volatile
Short-term debt in Armenia, 1993–2025
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 25.8%, measured in 2025. That is the highest value across all 33 years on record.
The figure is up 21.0% on the previous year and up 243.1% over ten years.
Over the whole period, short-term debt in Armenia peaked at 25.8% in 2025 and was at its lowest, 0.0%, in 1993.
That places Armenia 19th out of 123 countries with data for 2025, 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 (% of total external 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% | -3.8% |
| 2024 | 21.3% | +8.9% |
| 2025 | 25.8% | +21.0% |
Armenia compared with similar countries
- Armenia's 25.8% is above the median for upper middle income countries, which is 11.8%, 2.2× the median. (52 countries reporting)
- Armenia's 25.8% is above the median for Europe & Central Asia, which is 15.5%, 1.7× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1994 | +3239.6% | 0.0% | 0.5% |
| 1997 | +1181.4% | 0.3% | 3.4% |
| 2002 | +329.9% | 3.0% | 12.8% |
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 | 18.4% | 10.9% | 25.8% | 6 |
Countries ranked near Armenia
More external debt data for Armenia
- Net financial flows, IBRD -13.82 million NFL, current US$ (2025)
- 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)
- 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, IDA (NFL, current US$), per square kilometre -2,363 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 370.73 million DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 6.99 billion DOD, current US$ (2025)
- External debt stocks, long-term 13.53 billion DOD, current US$ (2025)
Frequently asked questions
- What is short-term debt in Armenia?
- Short-term debt in Armenia was 25.8% in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Armenia?
- The highest recorded value was 25.8% in 2025.
- 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 19th out of 123 countries with data for 2025.
- Is short-term debt rising or falling in Armenia?
- Over the last ten years it is up 243.1%. 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.