Armenia Household Debt: % of GDP
2000 - 2024 | Quarterly | % | CEIC Data
Key information about Armenia Household Debt: % of GDP
- Armenia household debt accounted for 28.4 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 27.1 % in the previous quarter.
- Armenia household debt to GDP ratio is updated quarterly, available from Dec 2000 to Sep 2024.
- The data reached an all-time high of 28.4 % in Sep 2024 and a record low of 1.4 % in Sep 2002.
CEIC calculates quarterly Household Debt as % of Nominal GDP from monthly Household Debt and quarterly Nominal GDP. The Central Bank of Armenia provides Household Debt in local currency. The Statistical Committee of the Republic of Armenia provides Nominal GDP in local currency based on SNA 2008. Loans are used due to the lack of Flow of Funds statistics. Household Debt covers Household Loans from Commercial Banks only. Nominal GDP prior to Q4 2013 is based on SNA 1993.
Related information about Armenia Household Debt: % of GDP
- In the latest reports, Armenia Household Debt reached 7.4 USD bn in Oct 2024.
- Money Supply M2 in Armenia increased 16.4 % YoY in Sep 2024.
- Armenia Foreign Exchange Reserves was measured at 3.6 USD bn in Oct 2024.
- The Foreign Exchange Reserves equaled 2.7 Months of Import in Oct 2024.
- Armenia Domestic Credit reached 18.6 USD bn in Aug 2024, representing an increased of 21.8 % YoY.
- The country's Non Performing Loans Ratio stood at 1.2 % in Sep 2024, compared with the ratio of 1.3 % in the previous month.
View Armenia's Household Debt: % of GDP from Dec 2000 to Sep 2024 in the chart:
What was Armenia's Household Debt: % of GDP in Sep 2024?
Armenia household debt accounted for 28.4 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 27.1 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 28.4 Sep 2024 | 27.1 Jun 2024 | 1.4 Sep 2002 | 28.4 Sep 2024 | % | quarterly | Dec 2000 - Sep 2024 |
Household Debt: % of GDP by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 12.0 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Argentina (%) | 4.5 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Armenia (%) | 28.4 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Australia (%) | 116.6 Mar 2023 | quarterly | Jun 1988 - Mar 2023 |
| Austria (%) | 44.5 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Azerbaijan (%) | 13.2 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Belarus (%) | 10.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Belgium (%) | 59.0 Sep 2024 | quarterly | Dec 1992 - Sep 2024 |
| Bolivia (%) | 11.3 Dec 2022 | quarterly | Sep 2010 - Dec 2022 |
| Bosnia and Herzegovina (%) | 24.8 Sep 2024 | quarterly | Dec 2008 - Sep 2024 |
| Botswana (%) | 20.9 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Brunei (%) | 14.5 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Bulgaria (%) | 27.8 2023 | yearly | 1995 - 2023 |
| Cambodia (%) | 26.6 2022 | yearly | 2008 - 2022 |
| Canada (%) | 99.2 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Chile (%) | 39.2 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| China (%) | 63.3 Mar 2023 | quarterly | Mar 2007 - Mar 2023 |
| Colombia (%) | 31.5 Jun 2024 | quarterly | Dec 2015 - Jun 2024 |
| Croatia (%) | 32.7 Jun 2024 | quarterly | Mar 2012 - Jun 2024 |
| Cyprus (%) | 83.3 2022 | yearly | 1995 - 2022 |
| Czech Republic (%) | 34.1 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Denmark (%) | 92.2 2023 | yearly | 1994 - 2023 |
| Ecuador (%) | 17.4 Sep 2024 | quarterly | Dec 2006 - Sep 2024 |
| Egypt (%) | 7.3 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Estonia (%) | 39.1 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| European Union (%) | 44.4 Sep 2024 | quarterly | Sep 1997 - Sep 2024 |
| Finland (%) | 74.8 2023 | yearly | 1995 - 2023 |
| France (%) | 74.2 2023 | yearly | 1977 - 2023 |
| Georgia (%) | 36.9 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Germany (%) | 50.3 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Greece (%) | 46.2 Jun 2024 | quarterly | Dec 1997 - Jun 2024 |
| Hong Kong SAR, China (%) | 89.0 Sep 2024 | quarterly | Mar 1982 - Sep 2024 |
| Hungary (%) | 19.9 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Iceland (%) | 73.1 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| India (%) | 17.4 2024 | yearly | 1998 - 2024 |
| Indonesia (%) | 9.9 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Ireland (%) | 32.1 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
| Israel (%) | 42.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Italy (%) | 48.0 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Japan (%) | 65.1 Sep 2024 | quarterly | Dec 1997 - Sep 2024 |
| Jordan (%) | 80.6 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Kazakhstan (%) | 15.3 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
| South Korea (%) | 93.7 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Kosovo (%) | 22.0 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Kuwait (%) | 0.7 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Kyrgyzstan (%) | 8.7 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Latvia (%) | 22.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Lithuania (%) | 28.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Luxembourg (%) | 64.5 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Macau SAR, China (%) | 80.5 Sep 2024 | quarterly | Dec 2001 - Sep 2024 |
| North Macedonia (%) | 26.0 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Malawi (%) | 0.3 2011 | yearly | 2006 - 2011 |
| Malaysia (%) | 84.2 2023 | yearly | 2002 - 2023 |
| Malta (%) | 40.3 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Mauritius (%) | 20.6 Jun 2018 | quarterly | Mar 2009 - Jun 2018 |
| Mexico (%) | 16.5 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Mongolia (%) | 26.4 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Montenegro (%) | 25.6 Sep 2024 | quarterly | Dec 2010 - Sep 2024 |
| Morocco (%) | 23.5 2023 | yearly | 2001 - 2023 |
| Netherlands (%) | 97.4 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| New Zealand (%) | 89.9 Sep 2024 | quarterly | Dec 1990 - Sep 2024 |
| Norway (%) | 90.7 Sep 2024 | quarterly | Dec 1995 - Sep 2024 |
| Panama (%) | 38.3 Sep 2024 | quarterly | Dec 2007 - Sep 2024 |
| Peru (%) | 15.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Philippines (%) | 11.3 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Poland (%) | 23.5 Jun 2024 | quarterly | Dec 2003 - Jun 2024 |
| Portugal (%) | 65.9 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Romania (%) | 15.4 Sep 2024 | quarterly | Mar 2007 - Sep 2024 |
| Russia (%) | 20.4 Mar 2024 | quarterly | Dec 2000 - Mar 2024 |
| Saudi Arabia (%) | 12.1 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Serbia (%) | 16.9 Sep 2024 | quarterly | Dec 2003 - Sep 2024 |
| Singapore (%) | 52.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Slovakia (%) | 44.6 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Slovenia (%) | 27.7 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| South Africa (%) | 40.7 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Spain (%) | 48.9 Jun 2024 | quarterly | Dec 1989 - Jun 2024 |
| Sri Lanka (%) | 6.5 Jun 2024 | quarterly | Dec 2010 - Jun 2024 |
| Sweden (%) | 86.2 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Switzerland (%) | 128.2 2023 | yearly | 1999 - 2023 |
| Syria (%) | 14.6 2011 | yearly | 2004 - 2011 |
| Taiwan (%) | 88.1 2022 | yearly | 2000 - 2022 |
| Thailand (%) | 89.0 Sep 2024 | quarterly | Mar 2003 - Sep 2024 |
| Tunisia (%) | 0.0 2020 | yearly | 2007 - 2020 |
| Turkey (%) | 10.0 Sep 2024 | quarterly | Dec 2014 - Sep 2024 |
| Ukraine (%) | 3.6 Dec 2023 | quarterly | Dec 2002 - Dec 2023 |
| United Arab Emirates (%) | 106.2 2021 | yearly | 2013 - 2021 |
| United Kingdom (%) | 81.5 Sep 2024 | quarterly | Mar 1987 - Sep 2024 |
| United States (%) | 62.3 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Uruguay (%) | 11.1 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Venezuela (%) | 3.4 2017 | yearly | 2004 - 2017 |
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Learn more about what we doArmenia Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.1 Sep 2024 | quarterly | Dec 2002 - Sep 2024 |
| Consolidated Fiscal Balance (USD mn) | -357.655 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Tax Revenue (USD mn) | 503.774 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Tax Revenue: % of GDP (%) | 25.1 Mar 2023 | quarterly | Mar 2008 - Mar 2023 |
| National Government Debt (USD mn) | 12,502.4 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Government Debt: % of GDP (%) | 48.9 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Forecast: Government Expenditure (AMD bn) | 4,374.501 2029 | yearly | 2005 - 2029 |
| Forecast: Government Net Debt (AMD bn) | 8,523.699 2029 | yearly | 1996 - 2029 |
| Forecast: Government Revenue (AMD bn) | 3,906.567 2029 | yearly | 1993 - 2029 |
| Consolidated Government Budget: Revenue and Grants (AMD mn) | 641,708.600 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Consolidated Government Budget: Balance (AMD mn) | -80,425.000 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| State Budget: Revenue: ytd: TP: TD: Tax: Excise Tax (AMD mn) | 110,888.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Expenditure: ytd: Current Expenses (CE) (AMD mn) | 1,941,378.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Expenditure: ytd (AMD mn) | 2,284,931.300 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Balance: ytd (AMD mn) | -211,487.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Revenue: ytd: TP: TD: Tax: VAT (AMD mn) | 599,931.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Revenue and Official Transfers: ytd (AMD mn) | 2,073,443.500 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: Deficit Financing: ytd (AMD mn) | 211,487.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: ytd: RT: Revenue: Tax, Government Duties & Compulsory Social Insur... (AMD mn) | 1,970,140.500 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: ytd: Expenditure: Transaction with Non Financial Assets: Non Finan... (AMD mn) | 354,268.100 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| State Budget: ytd: RT: Revenue (AMD mn) | 2,060,205.800 Oct 2024 | monthly | Jan 2008 - Oct 2024 |
| Central Government Debt: Short Term (AMD bn) | 120.104 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: Mid Term (AMD bn) | 841.425 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: Long Term (AMD bn) | 3,678.511 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: Domestic (AMD bn) | 2,403.559 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt (AMD bn) | 4,842.070 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Central Government Debt: % Nominal GDP (%) | 46.700 2022 | yearly | 1999 - 2022 |
| Central Government Debt: External (AMD bn) | 2,438.511 Sep 2024 | quarterly | Mar 2002 - Sep 2024 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 5.009 2028 | yearly | 1996 - 2028 |
| Trade Balance (USD mn) | -414.2 Nov 2024 | monthly | Nov 1995 - Nov 2024 |
| Total Exports (USD mn) | 752.1 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Exports Growth (%) | 24.6 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Aluminum: Exports (USD th) | 104,497.100 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 18,917.932 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 16,026.864 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 1,166.3 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Imports Growth (%) | 9.2 Oct 2024 | monthly | Jan 2001 - Oct 2024 |
| Imports: Medicament (USD th) | 168,753.777 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 60,930.346 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 9.604 Oct 2024 | monthly | Jun 1996 - Oct 2024 |
| Total Imports from USA (USD mn) | 23.908 Oct 2024 | monthly | Jan 1993 - Oct 2024 |
| Total Exports to China (USD mn) | 80.719 Oct 2024 | monthly | Dec 1998 - Oct 2024 |
| Total Imports from China (USD mn) | 180.205 Oct 2024 | monthly | Jun 1998 - Oct 2024 |
| Trade Balance: ytd (USD mn) | -3,565.200 Nov 2024 | monthly | Dec 1999 - Nov 2024 |
| Exports: Foodstuff (USD th) | 882,197.134 2022 | yearly | 1995 - 2022 |
| Exports: Transport Means (USD th) | 332,561.981 2022 | yearly | 1995 - 2022 |
| Exports: Machinery and Equipment (USD th) | 718,755.992 2022 | yearly | 1995 - 2022 |
| Exports: Iron and Steel (USD th) | 84,659.900 2017 | yearly | 1995 - 2017 |
| Exports: ow Bulgaria (USD mn) | 7.104 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Exports: ow China (USD mn) | 80.719 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Exports: ow Iran (USD mn) | 9.124 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Exports: ow Russian Federation (USD mn) | 294.306 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Exports: ow United States (USD mn) | 9.604 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Imports: Foodstuff (USD th) | 579,422.226 2022 | yearly | 1995 - 2022 |
| Imports: Chemicals and Related Products (USD th) | 588,239.623 2022 | yearly | 1995 - 2022 |
| Imports: Transport Means (USD th) | 957,936.871 2022 | yearly | 1995 - 2022 |
| Imports: Machinery and Equipment (USD th) | 1,728,318.860 2022 | yearly | 1995 - 2022 |
| Imports: Base Metals and Articles Thereof (USD th) | 291,969.058 2017 | yearly | 1995 - 2017 |
| Imports: Iron and Steel (USD th) | 81,128.500 2017 | yearly | 1995 - 2017 |
| Imports: ow Iran (USD mn) | 63.304 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Imports: ow Russian Federation (USD mn) | 549.127 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Imports: ow United States (USD mn) | 23.908 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Export Value Index (2015=100) | 203.490 2021 | yearly | 1995 - 2021 |
| Import Value Index (2015=100) | 165.372 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.2 Nov 2024 | monthly | Jan 2005 - Nov 2024 |
| Household Debt: % of GDP (%) | 28.4 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Non-Performing Loans (USD mn) | 504.878 Oct 2024 | monthly | Dec 2008 - Oct 2024 |
| Money Supply M1 (USD mn) | 5,455.567 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Money Supply M2 (USD mn) | 9,669.826 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| M2 Growth (%) | 16.9 Oct 2024 | monthly | Jan 2003 - Oct 2024 |
| Reserve Requirement Ratio (%) | 8.0 2023 | yearly | 2008 - 2023 |
| Foreign Exchange Reserves (USD mn) | 3,666.0 Dec 2024 | monthly | Dec 1993 - Dec 2024 |
| Foreign Exchange Reserves: % of GDP (%) | 14.245 Sep 2024 | quarterly | Dec 2013 - Sep 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.7 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Gold Reserves (USD mn) | 0.000 Dec 2024 | monthly | Dec 1992 - Dec 2024 |
| Total Deposits (USD mn) | 15,660.227 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Deposits Growth (%) | 10.0 Nov 2024 | monthly | Jan 2001 - Nov 2024 |
| Domestic Credit (USD mn) | 19,407.3 Oct 2024 | monthly | Dec 1993 - Oct 2024 |
| Domestic Credit Growth (%) | 20.7 Oct 2024 | monthly | Dec 1994 - Oct 2024 |
| Household Debt (USD mn) | 7,506.3 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Loans (USD mn) | 15,596.150 Nov 2024 | monthly | Jan 2000 - Nov 2024 |
| Total Loans Growth (%) | 21.72 Nov 2024 | monthly | Jan 2001 - Nov 2024 |
| Private Debt: % of Nominal GDP (%) | 53.77 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Money Supply: M2X (AMD mn) | 5,649,588.442 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| Money Supply: sa: M2 (AMD mn) | 3,748,218.000 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Money Supply: M2X: M2 (AMD mn) | 3,792,077.927 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| Money Supply: M2X: M2: M1 (AMD mn) | 2,114,056.802 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| Money Supply: sa: M1 (AMD mn) | 2,114,687.000 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Monetary Base: sa (AMD mn) | 1,756,053.000 Oct 2024 | monthly | Jan 2002 - Oct 2024 |
| Money Supply: M2X: M2: M1: Currency in Circulation (AMD mn) | 794,608.137 Nov 2024 | monthly | Jan 2003 - Nov 2024 |
| International Reserves: USD (USD mn) | 3,668.139 Dec 2024 | monthly | Jan 2003 - Dec 2024 |
| International Reserves: USD: Gold (USD mn) | 0.000 Dec 2024 | monthly | Sep 2003 - Dec 2024 |
| Commercial Banks Loans: Residents: Consumer (AMD mn) | 1,347,438.424 Nov 2024 | monthly | Dec 2004 - Nov 2024 |
| Commercial Banks Loans: Residents: Mortgage (AMD mn) | 1,367,081.929 Nov 2024 | monthly | Apr 2005 - Nov 2024 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | -3.7 Jun 2016 | quarterly | Sep 2006 - Jun 2016 |
More Indicators for Armenia
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