Budget balance — all countries

Budget balance — Armenia

Budget balance in Armenia in 2031 — -1.3%. Ranked 59 in the world out of 188. Since 2005, the indicator has risen by 0.7 pp.

2031 -1.3% +0.5 pp vs 2030
World rank 59of 188
Period maximum -1%2019
Period minimum -7.7%2009

Trend over time

2005–2031 · % of GDP

Budget balance — Armenia, 2005–2031-8-6-4-2020052008201120142017202020232026202920312005: -2%2006: -2%2007: -2.3%2008: -1.8%2009: -7.7%2010: -5%2011: -2.9%2012: -1.5%2013: -1.6%2014: -1.9%2015: -4.8%2016: -5.6%2017: -4.7%2018: -1.8%2019: -1%2020: -5.4%2021: -4.6%2022: -2.1%2023: -2%2024: -3.7%2025: -3.7%2026: -4.5%2027: -3.5%2028: -2.9%2029: -2.3%2030: -1.8%2031: -1.3%
Change over the period: +0.7 pp Annual average: 0.03 pp

Comparison, 2031

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

Armenia -1.3%
World computed -4.85%
Europe & Central Asia computed -2.49%
Western Asia computed -1.19%
Budget balance — Armenia, by year Armenia All countries CSV XLSX
Year % Change, pp
2031 -1.3 +0.5 pp
2030 -1.8 +0.5 pp
2029 -2.3 +0.6 pp
2028 -2.9 +0.6 pp
2027 -3.5 +1 pp
2026 -4.5 −0.8 pp
2025 -3.7 +0 pp
2024 -3.7 −1.7 pp
2023 -2 +0.1 pp
2022 -2.1 +2.5 pp
2021 -4.6 +0.8 pp
2020 -5.4 −4.4 pp
2019 -1 +0.8 pp
2018 -1.8 +2.9 pp
2017 -4.7 +0.9 pp
2016 -5.6 −0.8 pp
2015 -4.8 −2.9 pp
2014 -1.9 −0.3 pp
2013 -1.6 −0.1 pp
2012 -1.5 +1.4 pp
2011 -2.9 +2.1 pp
2010 -5 +2.7 pp
2009 -7.7 −5.9 pp
2008 -1.8 +0.5 pp
2007 -2.3 −0.3 pp
2006 -2 +0 pp
2005 -2

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.