Prices & public finance · Europe & Central Asia · Upper-middle income
Armenia: prices, money and public finance
Inflation is 3.3% (2025), 86th of 180 in the world and 29th of 49 in Europe & Central Asia. GDP deflator is 3.6% (2025), 93rd of 209 in the world and 28th of 56 in Europe & Central Asia. Lending rate is 13.8% (2025), 36th of 136 in the world and 8th of 24 in Europe & Central Asia.
Inflation
ArmeniaEurope & Central AsiaUpper-middle incomeWorld
GDP deflator
ArmeniaEurope & Central AsiaUpper-middle incomeWorld
14 indicators
Prices & public finance: Armenia in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 3.3%2025 | 86/180 | 29/49 | -0.8% | 8.2% | 1.2% | −0.4 ppsince 2015 | 3.7% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 3.6%2025 | 93/209 | 28/56 | -1.4% | 7.8% | 1.8% | +2.4 ppsince 2015 | 3.6% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 13.8%2025 | 36/136 | 8/24 | 31.6% | 19.2% | 11.6% | −3.8 ppsince 2015 | — | — | — | |
| Real interest rateReal interest rate, % | 9.9%2025 | 24/136 | 5/24 | 33.4% | 10.6% | 9.6% | −6.3 ppsince 2015 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 387.012025 | 47/210 | 3/57 | 539.53 | 373.66 | 489.01 | −19%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 22.4%2024 | 34/142 | 19/48 | · | 17.1% | 21.9% | +0.8 ppsince 2014 | 19.7% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 24.1%2024 | 83/142 | 44/48 | · | 22.6% | 24.1% | −0.4 ppsince 2014 | 34.7% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 20.9%2023 | 95/142 | 43/47 | · | 23.0% | 26.6% | −1.7 ppsince 2013 | 38.9% | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 47.9%2024 | 43/78 | 8/19 | · | · | 63.4% | — | — | — | — | |
| External debtExternal debt stocks, % of GNI | 66.0%2024 | 33/119 | 6/20 | 51.7% | 64.9% | 105.0% | −4.5 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 70.5%2025 | 41/169 | 15/48 | · | 28.4% | 72.2% | +24.9 ppsince 2015 | 82.1% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 61.3%2025 | 70/146 | 11/28 | 14.7% | 26.3% | 54.4% | +24.5 ppsince 2015 | — | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 3.32025 | 110/165 | 27/49 | 3.7 | 4.4 | 5.5 | −24%since 2015 | 6.3 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 6.09%2025 | 9/156 | 4/47 | 3.56% | 4.27% | 4.98% | +1.9 ppsince 2015 | 2.83% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Inflation−0.4 pp3.3% in 2025
- External debt−4.5 pp66.0% in 2024
Worse than ten years ago
- Reserves, months of imports−24%3.3 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Armenia and its neighbours
Countries sharing a land border with Armenia. Latest values since 2005; the highest in each row is marked.
| Indicator | Armenia | Iran | Türkiye | Azerbaijan | Georgia |
|---|---|---|---|---|---|
| Inflation | 3.3%2025 | 42.2%2025 | 34.9%2025 | 5.6%2025 | 3.9%2025 |
| GDP deflator | 3.6%2025 | 28.8%2025 | 36.4%2025 | 0.6%2025 | 4.6%2025 |
| Lending rate | 13.8%2025 | 18.0%2016 | — | 15.3%2025 | 15.9%2025 |
| Real interest rate | 9.9%2025 | 3.4%2016 | — | 14.7%2025 | 10.8%2025 |
| Exchange rate | 387.012025 | 42,000.002023 | 39.452025 | 1.702025 | 2.742025 |
| Tax revenue | 22.4%2024 | 7.4%2009 | 17.6%2024 | 17.3%2024 | 24.3%2024 |
| Government revenue | 24.1%2024 | 25.4%2009 | 31.5%2024 | 38.9%2024 | 28.7%2024 |
| Government expense | 20.9%2023 | 19.6%2009 | 33.0%2023 | 23.0%2022 | 25.2%2023 |
| Government debt | 47.9%2024 | — | 25.5%2024 | 6.4%2010 | 40.1%2024 |