Bank branches — all countries

Bank branches — Armenia

Bank branches in Armenia in 2024 — 22.69 per 100k. Ranked 30 in the world out of 153. Since 2004, the indicator has risen by 121.2%.

2024 22.69 per 100k −0.87% vs 2023
World rank 30of 153
Period maximum 24.36 per 100k2020
Period minimum 10.26 per 100k2004

Trend over time

2004–2024 · per 100,000 adults

Bank branches — Armenia, 2004–202410152025200420062008201020122014201620182020202220242004: 10.26 per 100k2005: 11.62 per 100k2006: 12.86 per 100k2007: 14.8 per 100k2008: 16.2 per 100k2009: 16.69 per 100k2010: 17.5 per 100k2011: 18.96 per 100k2012: 20.28 per 100k2013: 20.84 per 100k2014: 21.95 per 100k2015: 22.79 per 100k2016: 22.69 per 100k2017: 22.87 per 100k2018: 23.41 per 100k2019: 24.06 per 100k2020: 24.36 per 100k2021: 24.07 per 100k2022: 24.17 per 100k2023: 22.89 per 100k2024: 22.69 per 100k
Change over the period: +12.44 (+121.23%) Average annual rate: 4.05 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Armenia

Armenia 22.69 per 100k
World 11.12 per 100k
Europe & Central Asia 18.97 per 100k
Western Asia computed 10.53 per 100k
Upper-middle-income countries computed 10.22 per 100k
Bank branches — Armenia, by year Armenia All countries CSV XLSX
Year per 100k Change Change, %
2024 22.69 −0.2 −0.87%
2023 22.89 −1.27 −5.26%
2022 24.17 +0.1 +0.41%
2021 24.07 −0.3 −1.22%
2020 24.36 +0.31 +1.28%
2019 24.06 +0.64 +2.74%
2018 23.41 +0.54 +2.36%
2017 22.87 +0.18 +0.81%
2016 22.69 −0.1 −0.43%
2015 22.79 +0.84 +3.82%
2014 21.95 +1.11 +5.33%
2013 20.84 +0.56 +2.74%
2012 20.28 +1.32 +6.97%
2011 18.96 +1.46 +8.34%
2010 17.5 +0.81 +4.85%
2009 16.69 +0.49 +3.04%
2008 16.2 +1.4 +9.43%
2007 14.8 +1.94 +15.11%
2006 12.86 +1.24 +10.67%
2005 11.62 +1.36 +13.28%
2004 10.26

About the indicator

The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.

Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.

Source: World Development Indicators (World Bank), license CC BY 4.0.