Monetary indicators
| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
MONETARY SURVEY
In this subsection, data on Main indicators of money and credit and banking systems in Armenia are presented.
Data source: National Statistical Service of the Republic of Armenia
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 19, 2018.
| Table 1. Reserve Money in Armenia |
| Table 2. Broad Money in Armenia (including accrued interests) |
| Table 3. Broad Money in Armenia (excluding accrued interests) |
Table 1. Reserve money in Armenia, end of year, bln AMD
|
|
1995 |
2000 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Reserve money |
29.4 |
72.4 |
200.6 |
507.6 |
671.3 |
683.8 |
888.1 |
886.8 |
921.3 |
1042.3 |
1032.0 |
|
Net foreign assets of CBA |
14.9 |
70.5 |
214.7 |
453.8 |
460.0 |
418.0 |
654.7 |
392.8 |
497.0 |
673.3 |
662.8 |
|
Net domestic assets |
14.4 |
1.9 |
-14.2 |
53.8 |
211.2 |
265.8 |
233.4 |
494.0 |
424.3 |
369.0 |
369.2 |
|
Claims to government |
10.2 |
8.3 |
-17.3 |
-95.6 |
-66.7 |
-93.3 |
-175.9 |
-102.1 |
-120.2 |
-162.3 |
-144.3 |
|
Claims to DMB |
3.8 |
3.3 |
4.2 |
57.4 |
137.0 |
152.9 |
174.0 |
312.5 |
225.0 |
153.3 |
107.6 |
|
CBA securities |
- |
- |
-21.5 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Net other assets |
0.5 |
-9.7 |
20.4 |
92.0 |
140.9 |
206.2 |
235.2 |
283.6 |
319.5 |
378.0 |
405.8 |
|
Currency outside CBA |
25.7 |
61.9 |
155.3 |
348.2 |
398.8 |
440.1 |
446.8 |
412.3 |
413.6 |
455.4 |
516.1 |
|
AMD accounts of DMB |
0.6 |
10.4 |
22.3 |
57.5 |
163.2 |
154.5 |
199.0 |
334.6 |
322.7 |
315.2 |
311.7 |
|
FX accounts of DMB |
2.4 |
- |
22.3 |
88.2 |
102.5 |
86.0 |
238.8 |
135.9 |
182.8 |
256.0 |
177.0 |
|
Other accounts |
0.7 |
0.2 |
0.8 |
13.6 |
6.8 |
3.2 |
3.4 |
3.9 |
2.2 |
15.7 |
27.2 |
| Note: Without PIU accounts in CBA |
Table 2. Broad Money in Armenia, end of year, including accrued interests, bln AMD
|
|
1995 |
2000 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Broad Money |
40.3 |
151.7 |
365.6 |
911.4 |
1127.0 |
1346.4 |
1545.4 |
1674.2 |
1855.7 |
2180.1 |
2582.8 |
|
NFA of banking system |
15.5 |
56.2 |
233.3 |
197.6 |
-1.3 |
-185.4 |
-114.6 |
-484.3 |
-268.6 |
-184.6 |
-42.1 |
|
NDA of banking system |
24.7 |
95.4 |
132.2 |
713.8 |
1128.3 |
1531.8 |
1660.0 |
2158.5 |
2124.3 |
2364.7 |
2624.8 |
|
Net claims to government |
8.8 |
9.3 |
5.0 |
-55.6 |
-7.6 |
9.4 |
-21.8 |
66.6 |
74.0 |
215.1 |
305.4 |
|
Credit to economy |
37.9 |
109.3 |
188.5 |
980.8 |
1327.1 |
1693.7 |
1911.8 |
2314.2 |
2233.9 |
2368.3 |
2758.5 |
|
Net other assets |
-22.1 |
-23.2 |
-61.2 |
-211.4 |
-191.1 |
-171.3 |
-230.0 |
-222.2 |
-183.7 |
-218.6 |
-439.1 |
|
Currency outside banking system |
- |
59.5 |
144.3 |
304.3 |
349.4 |
384.1 |
384.5 |
348.4 |
345.5 |
390.9 |
445.2 |
|
Demand deposits in AMD |
- |
11.9 |
57.8 |
128.4 |
164.4 |
161.7 |
198.9 |
182.9 |
210.1 |
264.8 |
343.6 |
|
Time and saving deposits in AMD |
- |
80.3* |
22.7 |
88.9 |
145.6 |
192.2 |
264.7 |
287.0 |
304.9 |
418.0 |
595.1 |
|
FX deposits of banking system |
- |
- |
140.8 |
389.8 |
467.5 |
608.4 |
697.3 |
855.9 |
995.2 |
1106.4 |
1198.9 |
| * Including FX deposits |
Table 3.Broad Money in Armenia, end of year, excluding accrued interests, bln AMD
|
|
1995 |
2000 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Broad Money* |
40.3 |
150.6 |
364.6 |
905.2 |
1118.8 |
1336.4 |
1530.1 |
1656.7 |
1836.0 |
2156.5 |
2557.4 |
|
NFA of banking system |
- |
56.2 |
233.3 |
197.6 |
-1.3 |
-185.4 |
-114.6 |
-484.3 |
-268.6 |
-184.6 |
-42.1 |
|
NDA of banking system |
- |
94.4 |
131.3 |
707.6 |
1120.2 |
1521.8 |
1644.8 |
2141.0 |
2104.6 |
2341.2 |
2599.5 |
|
Net claims to government |
- |
9.3 |
5.0 |
-55.6 |
-7.6 |
9.4 |
-21.8 |
66.6 |
74.0 |
215.1 |
305.4 |
|
Credit to economy |
- |
104.0 |
186.4 |
968.0 |
1311.5 |
1683.7 |
1896.6 |
2296.6 |
2214.3 |
2344.7 |
2733.2 |
|
Net other assets |
- |
-19.0 |
-60.1 |
-204.8 |
-183.7 |
-171.3 |
-230.0 |
-222.2 |
-183.7 |
-218.6 |
-439.1 |
|
Currency outside banking system |
24.6 |
59.5 |
144.3 |
304.3 |
349.4 |
384.1 |
384.5 |
348.4 |
345.5 |
390.9 |
445.2 |
|
Demand deposits in AMD |
5.5 |
11.8 |
57.7 |
128.3 |
164.3 |
161.6 |
198.7 |
182.7 |
209.9 |
264.5 |
343.3 |
|
Time and saving deposits in AMD |
2.0 |
5.5 |
22.4 |
87.1 |
142.7 |
188.0 |
258.2 |
279.1 |
295.2 |
406.0 |
580.0 |
|
FX deposits of banking system |
8.2 |
73.9 |
140.1 |
385.5 |
462.5 |
602.8 |
688.8 |
846.6 |
985.4 |
1095.1 |
1188.9 |
| * Without PIU accounts in CBA |
Prices and Rates
| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
Prices and Rates
In this subsection, data on main price indices and exchange rates of AMD are presented.
Data source: National Statistical Service of the Republic of Armenia
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 18, 2018.
Table 1. Price indicec, annual average, %
|
|
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Consumer price index |
176.0 |
-0.8 |
0.6 |
9.0 |
3.4 |
8.2 |
7.7 |
2.6 |
5.8 |
3.0 |
3.7 |
-1.4 |
1.0 |
|
Producer price index of industrial production |
275.4 |
0.8 |
7.7 |
2.2 |
7.1 |
22.6 |
9.1 |
7.0 |
4.7 |
8.5 |
-0.8 |
1.5 |
3.9 |
|
Freight transportation tariff index |
61.9 |
0.9 |
-10.4 |
5.6 |
11.4 |
17.8 |
6.4 |
2.4 |
8.4 |
8.0 |
1.2 |
7.4 |
6.4 |
|
Capital construction price index |
66.8 |
0.6 |
11.6 |
26.9 |
8.0 |
4.2 |
-3.5 |
-2.5 |
2.5 |
2.1 |
6.1 |
-1.8 |
0.2 |
|
Sales price index of agricultural products |
- |
-11.0 |
-9.3 |
-0.8 |
-12.2 |
32.0 |
17.1 |
-5.0 |
-1.0 |
0.8 |
-19.5 |
-2.2 |
0.8 |
|
Purchase price index for agricultural production means |
- |
4.3 |
6.7 |
8.8 |
4.7 |
14.1 |
11.4 |
5.3 |
6.8 |
1.3 |
-0.6 |
-4.4 |
-0.5 |
|
Imports price index |
- |
- |
3.2 |
8.8 |
17.1 |
2.0 |
8.6 |
8.6 |
3.2 |
-2.4 |
4.2 |
-5.8 |
0.8 |
|
Exports price index |
- |
- |
-4.2 |
-0.4 |
-8.6 |
19.0 |
11.5 |
-1.7 |
-0.3 |
-3.1 |
-2.9 |
-5.8 |
9.7 |
Table 2. Consumer price index by main product groups, %
|
|
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
CPI (average) |
176.0 |
-0.8 |
0.6 |
9.0 |
3.4 |
8.2 |
7.7 |
2.6 |
5.8 |
3.0 |
3.7 |
-1.4 |
1.0 |
|
Food products * |
181.8 |
-2.2 |
0.7 |
10.0 |
-0.7 |
8.6 |
11.2 |
2.3 |
5.8 |
2.2 |
3.0 |
-3.0 |
4.0 |
|
Non-food products |
74.5 |
3.0 |
0.5 |
5.1 |
4.7 |
9.6 |
3.4 |
4.6 |
4.6 |
1.7 |
5.6 |
-2.5 |
-1.8 |
|
Services |
311.2 |
1.5 |
0.5 |
9.0 |
10.4 |
6.8 |
3.6 |
2.1 |
6.4 |
5.1 |
3.0 |
1.8 |
-1.3 |
|
CPI (end of year) |
32.2 |
0.4 |
-0.2 |
5.2 |
6.5 |
9.4 |
4.7 |
3.2 |
5.6 |
4.6 |
-0.1 |
-1.1 |
2.6 |
|
Food products * |
25.8 |
-0.2 |
-1.2 |
3.3 |
2.2 |
14.0 |
5.8 |
3.1 |
4.0 |
6.3 |
-3.7 |
-0.2 |
5.3 |
|
Non-food products |
8.9 |
1.6 |
2.1 |
0.2 |
14.6 |
4.6 |
4.3 |
5.7 |
3.5 |
1.6 |
3.4 |
-3.4 |
1.7 |
|
Services |
129.9 |
1.9 |
1.9 |
11.4 |
10.3 |
4.2 |
2.9 |
2.1 |
9.7 |
3.0 |
3.2 |
-0.7 |
-0.5 |
| * Includes alcoholic beverages and tobacco. |
Table 3. Exchange Rates of AMD, in drams
|
|
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
AMD/USD |
|||||||||||||
|
average |
405.9 |
539.5 |
457.7 |
306.0 |
363.3 |
373.7 |
372.5 |
401.8 |
409.6 |
415.9 |
477.9 |
480.5 |
482.7 |
|
end of year |
402.0 |
552.2 |
450.2 |
306.7 |
377.9 |
363.4 |
385.8 |
403.6 |
405.6 |
475.0 |
483.8 |
483.9 |
484.1 |
|
AMD/EUR |
|||||||||||||
|
average |
- |
498.5 |
570.4 |
450.2 |
507.4 |
496.0 |
518.7 |
516.4 |
544.1 |
552.1 |
530.6 |
531.9 |
545.3 |
|
end of year |
- |
513.8 |
532.4 |
435.0 |
542.2 |
481.2 |
498.7 |
532.2 |
559.5 |
577.5 |
528.7 |
512.2 |
580.1 |
|
AMD/RUR* |
|||||||||||||
|
average |
86.1 |
19.1 |
16.2 |
12.3 |
11.5 |
12.3 |
12.7 |
12.9 |
12.9 |
11.0 |
7.9 |
7.2 |
8.3 |
|
end of year |
84.0 |
19.6 |
15.6 |
10.5 |
12.5 |
11.9 |
12.0 |
13.3 |
12.4 |
8.2 |
6.6 |
7.9 |
8.4 |
| * Data for 1995 are in AMD per 1000 RUR. |
Table 4. Consumer price index, in % to previous month
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
Monthly average |
|
1998 |
4.1 |
3.5 |
0.3 |
-1.8 |
-1.9 |
-3.1 |
-4.3 |
-2.1 |
-0.1 |
0.0 |
1.8 |
2.8 |
-0.1 |
|
1999 |
4.0 |
0.0 |
-0.6 |
0.4 |
0.5 |
0.0 |
-3.2 |
-0.9 |
0.3 |
0.5 |
0.2 |
1.0 |
0.2 |
|
2000 |
1.9 |
0.1 |
-0.4 |
-0.8 |
-0.3 |
-0.3 |
-2.0 |
-1.3 |
0.3 |
0.0 |
0.9 |
2.4 |
0.0 |
|
2001 |
4.6 |
-0.9 |
0.0 |
-0.1 |
1.6 |
-1.3 |
-2.7 |
-0.7 |
-1.2 |
0.1 |
1.2 |
2.4 |
0.2 |
|
2002 |
2.2 |
-0.7 |
-0.6 |
2.5 |
1.7 |
-0.5 |
-5.0 |
-3.0 |
-0.6 |
0.5 |
2.2 |
3.6 |
0.2 |
|
2003 |
4.1 |
-1.5 |
-0.5 |
2.0 |
1.2 |
1.4 |
-5.5 |
-2.3 |
2.5 |
-0.1 |
2.2 |
5.2 |
0.7 |
|
2004 |
2.5 |
-0.6 |
0.3 |
1.2 |
1.1 |
-0.1 |
-2.5 |
-2.4 |
-0.7 |
0.1 |
0.8 |
2.3 |
0.2 |
|
2005 |
5.4 |
-0.7 |
-0.9 |
-0.9 |
0.1 |
-1.4 |
-4.5 |
-1.4 |
0.9 |
0.1 |
1.1 |
2.3 |
0.0 |
|
2006 |
2.5 |
0.2 |
0.1 |
0.3 |
2.4 |
-1.2 |
-0.7 |
-0.9 |
-0.3 |
0.2 |
1.0 |
1.6 |
0.4 |
|
2007 |
2.4 |
0.2 |
-0.6 |
0.1 |
2.1 |
-0.3 |
-3.2 |
-1.5 |
0.7 |
3.1 |
2.1 |
1.5 |
0.5 |
|
2008 |
2.4 |
1.1 |
1.4 |
1.1 |
1.3 |
-0.5 |
-2.2 |
-0.7 |
0.5 |
0.7 |
0.1 |
0.1 |
0.4 |
|
2009 |
1.2 |
-1.8 |
1.4 |
3.2 |
1.6 |
-0.3 |
-2.7 |
-0.4 |
0.7 |
0.5 |
1.2 |
2.0 |
0.5 |
|
2010 |
1.7 |
0.3 |
0.8 |
1.3 |
1.0 |
-0.8 |
-0.8 |
1.3 |
-0.2 |
1.0 |
1.6 |
1.8 |
0.7 |
|
2011 |
3.4 |
0.9 |
0.8 |
-0.2 |
0.0 |
-1.4 |
-3.0 |
-0.6 |
0.8 |
0.3 |
1.2 |
2.5 |
0.4 |
|
2012 |
3.6 |
-0.9 |
0.1 |
-0.6 |
-1.3 |
-1.3 |
-1.5 |
-0.4 |
0.8 |
1.2 |
1.4 |
2.1 |
0.3 |
|
2013 |
2.9 |
-0.4 |
0.4 |
-0.1 |
0.0 |
-0.1 |
0.4 |
0.3 |
-0.2 |
0.3 |
0.9 |
1.1 |
0.5 |
|
2014 |
2.8 |
-1.2 |
-0.4 |
0.5 |
-0.8 |
-1.8 |
-0.9 |
0.7 |
0.4 |
1.0 |
1.3 |
3.0 |
0.4 |
|
2015 |
2.5 |
-0.1 |
-0.1 |
-0.4 |
-0.5 |
-1.4 |
-2.2 |
0.1 |
0.1 |
-0.4 |
0.6 |
1.7 |
0.0 |
|
2016 |
2.2 |
-1.4 |
-0.3 |
-0.3 |
-0.7 |
-0.5 |
-2.3 |
-0.5 |
0.1 |
0.5 |
1.0 |
1.1 |
-0.1 |
|
2017 |
2.6 |
-0.9 |
-0.3 |
1.0 |
-0.2 |
-0.9 |
-2.6 |
-0.4 |
0.2 |
0.8 |
2.0 |
1.5 |
0.2 |
|
2018 |
2.8 |
-0.5 |
0.1 |
-0.3 |
-1.0 |
-1.6 |
-1.2 |
0.6 |
0.3 |
0.1 |
1.0 |
- |
0.0 |
Table 5. Monthly Average exchange rates of AMD against USD, in drams
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
|
1995 |
405.9 |
405.3 |
404.0 |
408.1 |
408.9 |
409.4 |
407.8 |
409.2 |
406.9 |
400.1 |
402.4 |
402.7 |
|
1996 |
402.0 |
402.7 |
403.4 |
405.5 |
406.7 |
409.2 |
413.3 |
418.5 |
414.0 |
416.3 |
431.1 |
438.8 |
|
1997 |
452.1 |
466.6 |
477.7 |
482.2 |
492.3 |
511.4 |
504.3 |
502.1 |
501.1 |
500.6 |
499.9 |
498.8 |
|
1998 |
497.1 |
499.1 |
502.1 |
502.6 |
503.1 |
503.0 |
501.7 |
501.8 |
506.4 |
508.3 |
515.1 |
518.4 |
|
1999 |
535.6 |
543.3 |
537.2 |
535.5 |
538.8 |
545.3 |
542.8 |
540.4 |
534.2 |
520.7 |
523.3 |
523.8 |
|
2000 |
527.0 |
527.9 |
527.5 |
530.9 |
534.1 |
543.6 |
548.1 |
540.5 |
539.8 |
545.0 |
555.5 |
554.5 |
|
2001 |
553.4 |
552.2 |
546.0 |
547.8 |
553.8 |
555.1 |
554.1 |
554.6 |
554.1 |
560.8 |
564.7 |
564.6 |
|
2002 |
564.1 |
565.3 |
572.1 |
578.3 |
580.8 |
580.7 |
565.7 |
558.5 |
564.5 |
581.5 |
584.3 |
584.6 |
|
2003 |
583.0 |
586.3 |
590.4 |
588.1 |
586.0 |
585.2 |
579.6 |
578.1 |
574.8 |
563.9 |
564.6 |
565.3 |
|
2004 |
568.4 |
564.4 |
562.9 |
556.9 |
552.7 |
543.9 |
525.9 |
517.6 |
513.4 |
506.4 |
502.7 |
486.3 |
|
2005 |
491.7 |
473.4 |
466.0 |
447.9 |
449.3 |
449.0 |
442.6 |
461.0 |
454.4 |
449.4 |
458.3 |
449.4 |
|
2006 |
451.7 |
450.1 |
451.0 |
450.0 |
439.7 |
420.6 |
417.4 |
401.9 |
387.9 |
381.3 |
376.2 |
364.6 |
|
2007 |
363.7 |
356.0 |
358.6 |
363.3 |
353.8 |
344.8 |
338.4 |
336.9 |
338.2 |
330.3 |
316.9 |
304.1 |
|
2008 |
306.8 |
308.7 |
308.6 |
309.0 |
307.4 |
304.9 |
302.4 |
302.0 |
302.6 |
306.2 |
305.2 |
307.8 |
|
2009 |
305.5 |
305.5 |
365.7 |
372.4 |
372.5 |
366.7 |
365.3 |
372.8 |
379.9 |
385.7 |
387.1 |
380.5 |
|
2010 |
377.5 |
380.5 |
394.2 |
394.5 |
385.0 |
373.5 |
366.8 |
366.4 |
363.4 |
360.3 |
361.4 |
360.5 |
|
2011 |
365.0 |
365.1 |
368.4 |
373.6 |
374.2 |
374.6 |
367.0 |
367.1 |
372.3 |
376.7 |
382.8 |
383.2 |
|
2012 |
387.5 |
388.6 |
389.1 |
392.0 |
397.9 |
414.6 |
412.6 |
410.8 |
408.6 |
406.6 |
407.1 |
405.5 |
|
2013 |
406.7 |
407.0 |
414.7 |
416.3 |
415.8 |
412.6 |
410.5 |
407.3 |
408.2 |
406.1 |
405.0 |
405.3 |
|
2014 |
407.4 |
411.5 |
414.2 |
414.3 |
413.3 |
410.9 |
407.1 |
409.5 |
408.8 |
410.0 |
420.5 |
463.5 |
|
2015 |
475.7 |
478.4 |
477.7 |
474.1 |
480.3 |
475.1 |
477.3 |
479.8 |
481.1 |
472.6 |
480.2 |
482.9 |
|
2016 |
486.0 |
493.6 |
486.3 |
481.3 |
478.4 |
477.5 |
476.5 |
475.5 |
474.1 |
475.3 |
478.5 |
482.8 |
|
2017 |
486.0 |
486.5 |
484.8 |
485.1 |
483.4 |
481.5 |
479.0 |
478.6 |
478.2 |
480.7 |
485.4 |
483.2 |
|
2018 |
482.4 |
481.4 |
480.4 |
481.4 |
484.1 |
482.6 |
481.4 |
482.4 |
483.8 |
484.9 |
Table 6. Monthly Average exchange rates of AMD against EURO, in drams
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
|
1999 |
623.8 |
609.8 |
585.7 |
574.2 |
573.8 |
566.1 |
560.5 |
574.1 |
561.1 |
556.8 |
541.8 |
529.9 |
|
2000 |
535.0 |
520.2 |
508.5 |
502.4 |
483.0 |
514.8 |
516.2 |
490.2 |
472.1 |
466.9 |
474.9 |
498.0 |
|
2001 |
518.5 |
508.6 |
497.5 |
487.7 |
486.1 |
473.7 |
477.1 |
498.4 |
504.9 |
507.7 |
501.8 |
502.8 |
|
2002 |
498.7 |
491.7 |
500.5 |
511.7 |
531.4 |
554.4 |
562.4 |
546.1 |
553.3 |
570.2 |
584.8 |
594.8 |
|
2003 |
619.6 |
631.8 |
637.2 |
637.3 |
677.0 |
682.3 |
659.3 |
643.3 |
643.8 |
659.4 |
660.7 |
693.4 |
|
2004 |
717.0 |
713.1 |
690.1 |
668.7 |
662.0 |
660.3 |
644.8 |
630.1 |
626.4 |
632.2 |
651.8 |
650.8 |
|
2005 |
645.8 |
616.1 |
614.6 |
579.4 |
571.3 |
546.4 |
533.7 |
566.4 |
557.5 |
540.2 |
540.6 |
532.7 |
|
2006 |
547.1 |
537.9 |
542.0 |
550.1 |
560.8 |
532.4 |
529.1 |
514.6 |
494.1 |
480.9 |
483.7 |
481.8 |
|
2007 |
472.2 |
464.9 |
475.6 |
490.0 |
478.3 |
462.8 |
463.9 |
459.0 |
469.9 |
469.6 |
465.0 |
443.2 |
|
2008 |
451.5 |
455.1 |
479.1 |
487.0 |
478.1 |
474.6 |
476.9 |
451.9 |
434.7 |
407.6 |
389.2 |
417.2 |
|
2009 |
402.6 |
390.6 |
477.3 |
491.1 |
508.7 |
514.2 |
514.2 |
532.0 |
553.1 |
571.6 |
577.6 |
555.5 |
|
2010 |
538.0 |
520.7 |
535.0 |
529.9 |
483.9 |
455.9 |
470.0 |
473.1 |
474.5 |
500.5 |
494.4 |
476.4 |
|
2011 |
488.4 |
498.6 |
515.8 |
540.9 |
537.3 |
539.3 |
523.5 |
526.5 |
513.4 |
517.1 |
519.2 |
504.6 |
|
2012 |
500.3 |
514.4 |
514.2 |
516.0 |
509.0 |
519.8 |
506.7 |
509.4 |
524.5 |
527.5 |
522.3 |
532.3 |
|
2013 |
542.0 |
544.0 |
537.0 |
541.8 |
539.7 |
543.6 |
537.7 |
542.2 |
545.0 |
553.9 |
546.8 |
555.7 |
|
2014 |
554.3 |
561.9 |
572.5 |
572.4 |
567.4 |
558.4 |
551.6 |
545.0 |
527.5 |
519.4 |
523.4 |
570.9 |
|
2015 |
554.6 |
543.4 |
517.3 |
510.9 |
536.7 |
532.8 |
525.3 |
534.3 |
540.4 |
531.0 |
515.5 |
525.2 |
|
2016 |
528.5 |
547.8 |
540.6 |
545.7 |
540.9 |
536.6 |
527.1 |
532.9 |
531.5 |
524.1 |
517.0 |
509.5 |
|
2017 |
518.2 |
517.6 |
518.3 |
519.6 |
534.9 |
540.7 |
551.7 |
565.1 |
570.3 |
565.2 |
569.6 |
571.9 |
|
2018 |
590.0 |
594.9 |
592.3 |
591.4 |
572.7 |
563.8 |
562.4 |
557.0 |
563.7 |
556.4 |
Table 7. Monthly Average exchange rates of AMD against Russian ruble, in drams
|
|
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sept |
Oct |
Nov |
Dec |
|
1995* |
90.2 |
89.7 |
81.8 |
79.4 |
79.4 |
83.3 |
89.2 |
91.8 |
89.4 |
86.8 |
87.4 |
85.1 |
|
1996* |
83.9 |
82.1 |
82.0 |
82.2 |
81.7 |
80.5 |
79.7 |
79.0 |
76.7 |
76.4 |
78.2 |
79.0 |
|
1997* |
80.0 |
81.8 |
82.9 |
82.9 |
84.1 |
87.3 |
85.8 |
85.2 |
84.9 |
84.6 |
84.0 |
82.7 |
|
1998* |
80.6 |
81.3 |
81.8 |
82.0 |
81.9 |
81.3 |
80.4 |
70.2 |
28.5 |
30.5 |
28.9 |
25.4 |
|
1999 |
23.1 |
22.6 |
22.4 |
21.1 |
21.2 |
21.4 |
21.9 |
21.7 |
21.0 |
20.2 |
19.7 |
19.4 |
|
2000 |
18.3 |
18.1 |
18.3 |
18.5 |
18.8 |
19.1 |
19.6 |
19.5 |
19.4 |
19.5 |
19.9 |
19.8 |
|
2001 |
19.4 |
19.3 |
19.0 |
19.0 |
19.1 |
19.0 |
18.9 |
18.8 |
18.8 |
18.9 |
18.8 |
18.6 |
|
2002 |
18.4 |
18.3 |
18.3 |
18.5 |
18.6 |
18.5 |
18.0 |
17.7 |
17.7 |
18.3 |
18.3 |
18.3 |
|
2003 |
18.3 |
18.4 |
18.7 |
18.8 |
18.9 |
19.2 |
19.1 |
19.0 |
18.8 |
18.7 |
18.9 |
19.2 |
|
2004 |
19.7 |
19.8 |
19.7 |
19.4 |
19.1 |
18.7 |
18.1 |
17.7 |
17.6 |
17.4 |
17.6 |
17.4 |
|
2005 |
17.6 |
16.9 |
16.9 |
16.1 |
16.1 |
15.8 |
15.4 |
16.2 |
16.0 |
15.7 |
15.9 |
15.6 |
|
2006 |
15.9 |
16.0 |
16.2 |
16.3 |
16.3 |
15.6 |
15.5 |
15.0 |
14.5 |
14.2 |
14.1 |
13.9 |
|
2007 |
13.7 |
13.5 |
13.8 |
14.1 |
13.7 |
13.3 |
13.2 |
13.2 |
13.4 |
13.3 |
13.0 |
12.4 |
|
2008 |
12.5 |
12.6 |
13.0 |
13.1 |
13.0 |
12.9 |
13.0 |
12.5 |
12.0 |
11.6 |
11.2 |
10.9 |
|
2009 |
9.4 |
8.5 |
10.6 |
11.1 |
11.7 |
11.8 |
11.6 |
11.8 |
12.4 |
13.1 |
13.4 |
12.7 |
|
2010 |
12.7 |
12.6 |
13.4 |
13.5 |
12.7 |
12.0 |
12.0 |
12.1 |
11.8 |
11.9 |
11.7 |
11.7 |
|
2011 |
12.2 |
12.5 |
12.9 |
13.3 |
13.4 |
13.4 |
13.1 |
12.7 |
12.1 |
12.1 |
12.4 |
12.2 |
|
2012 |
12.4 |
13.0 |
13.3 |
13.3 |
12.9 |
12.6 |
12.7 |
12.9 |
13.0 |
13.1 |
13.0 |
13.2 |
|
2013 |
13.5 |
13.5 |
13.5 |
13.3 |
13.3 |
12.8 |
12.6 |
12.3 |
12.5 |
12.7 |
12.4 |
12.3 |
|
2014 |
12.0 |
11.7 |
11.5 |
11.6 |
11.9 |
11.9 |
11.7 |
11.3 |
10.8 |
10.0 |
9.1 |
8.2 |
|
2015 |
7.4 |
7.5 |
7.9 |
9.0 |
9.5 |
8.7 |
8.3 |
7.3 |
7.2 |
7.5 |
7.4 |
6.9 |
|
2016 |
6.2 |
6.4 |
6.9 |
7.2 |
7.3 |
7.3 |
7.4 |
7.3 |
7.4 |
7.6 |
7.4 |
7.8 |
|
2017 |
8.1 |
8.3 |
8.4 |
8.6 |
8.5 |
8.3 |
8.0 |
8.0 |
8.3 |
8.3 |
8.2 |
8.3 |
|
2018 |
8.5 |
8.5 |
8.4 |
7.9 |
7.8 |
7.7 |
7.7 |
7.3 |
7.2 |
7.4 |
| * data are in AMD per 1000 ruble. |
Government Finance
| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
PUBLIC FINANCE
In this subsection, data on main indicators of budget system and public debt of Armenia are presented.
Data source: National Statistical Service of the Republic of Armenia and Ministry of Finance of the Republic of Armenia.
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 14, 2018.
Table 1. Main Indicators of State and Consolidated Budgets, bln AMD
|
|
1991 |
1995 |
2000 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Revenues, total |
|||||||||||||
|
State Budget |
4.6 |
94.5 |
172.1 |
785.4 |
690.0 |
780.4 |
880.9 |
946.2 |
1,071.4 |
1,144.8 |
1,167.7 |
1,171.1 |
1,237.28 |
|
Consolidated Budget |
- |
- |
204.8 |
802.9 |
711.7 |
804.3 |
906.1 |
975.1 |
1,101.7 |
1,178.2 |
1,201.7 |
1,205.8 |
1,276.8 |
|
Expenditures, total |
|||||||||||||
|
State Budget |
4.4 |
125.6 |
222.9 |
810.6 |
929.1 |
954.3 |
986.5 |
1,006.1 |
1,142.9 |
1,235.1 |
1,409.0 |
1,449.1 |
1,504.8 |
|
Consolidated Budget |
- |
- |
254.4 |
829.5 |
947.6 |
975.9 |
1,013.5 |
1,036.9 |
1,170.6 |
1,268.8 |
1,444.0 |
1,485.3 |
1,541.6 |
|
Deficit (-)/Surplus (+) |
|||||||||||||
|
State Budget |
0.3 |
-31.1 |
-50.8 |
-25.2 |
-239.1 |
-173.9 |
-105.7 |
-59.9 |
-71.5 |
-90.3 |
-241.3 |
-278.0 |
-267.0 |
|
Consolidated Budget |
- |
- |
-49.7 |
-26.6 |
-235.9 |
-171.6 |
-107.4 |
-61.8 |
-68.8 |
-90.6 |
-242.3 |
279.5 |
-264.8 |
| Note: Data for 1991 are in bln roubles. State budget data for 1991 and 1995 include Municipal budgets data. |
| Municipal budgets have been separated from the State budget in 1997. |
Table 2. State Budget Revenues, bln AMD
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget revenues, total |
785.4 |
690 |
780.4 |
880.9 |
946.2 |
1,071.4 |
1,144.8 |
1,167.7 |
1,171.1 |
1,237.8 |
|
1. Taxes, duties and compulsory social payments |
726.1 |
625.3 |
699.4 |
777.4 |
878.4 |
1,000.9 |
1064.1 |
1,067.9 |
1,079.7 |
1,158.0 |
|
1.1 Tax revenues |
598.8 |
503.3 |
574.1 |
631.6 |
725.5 |
956.0 |
1012.6 |
1015.9 |
1032.9 |
1105.1 |
|
Value added tax |
318.3 |
254.2 |
301.7 |
328.5 |
369.7 |
401.9 |
440.4 |
423.9 |
391.1 |
406.6 |
|
Excise tax |
45.9 |
42.8 |
48.1 |
39.4 |
49.3 |
52.1 |
50.6 |
49.0 |
59.7 |
82.3 |
|
Income tax |
53.7 |
60.2 |
73.9 |
81.2 |
91.7 |
5.8 |
0.2 |
-0.2 |
0.0 |
- |
|
Profit tax |
86.2 |
80.8 |
77.8 |
97.8 |
118.7 |
124.6 |
103.6 |
103.7 |
127.2 |
109.9 |
|
Property tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Land tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customs duty |
37.3 |
25.1 |
29.4 |
36.3 |
43.0 |
46.3 |
48.4 |
61.5 |
55.4 |
72.6 |
|
Fixes payments |
20.3 |
23.8 |
22.0 |
20.7 |
14.9 |
11.0 |
4.9 |
3.1 |
3.2 |
3.6 |
|
Turnover tax |
- |
- |
- |
- |
- |
13.4 |
15.6 |
11.9 |
15.3 |
18.2 |
|
Income tax |
- |
- |
- |
- |
- |
251.1 |
289.2 |
311.7 |
332.7 |
341.5 |
|
Other tax incomes |
37.0 |
16.4 |
21.1 |
27.6 |
38.3 |
49.8 |
59.9 |
51.4 |
48.8 |
70.4 |
|
1.2 State duties |
22.3 |
19.0 |
20.0 |
22.4 |
23.8 |
27.3 |
39.3 |
32.4 |
33.3 |
37.1 |
|
1.3 Social payments |
105.0 |
102.9 |
105.3 |
123.4 |
129.1 |
17.6 |
12.2 |
19.6 |
13.5 |
15.8 |
|
Compulsory social insurance contributions |
105.0 |
102.9 |
105.3 |
123.4 |
129.1 |
17.6 |
12.2 |
8.7 |
0.1 |
- |
|
Targeted social payments |
- |
- |
- |
- |
- |
- |
- |
10.9 |
13.4 |
15.8 |
|
2. Official transfers |
15.0 |
21.7 |
30.6 |
59.4 |
18.7 |
13.3 |
17.3 |
29.9 |
31.4 |
14.6 |
|
3. Other incomes |
44.3 |
43.0 |
50.4 |
44.0 |
49.1 |
57.2 |
63.4 |
70.0 |
60.0 |
65.2 |
Table 3. State Budget Expenditures by Functional Classification, bln AMD
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget expenditures, total |
810.6 |
929.1 |
954.3 |
986.5 |
1,006.1 |
1,142.9 |
1,235.1 |
1,409.0 |
1,449.1 |
1,504.8 |
|
01 General public services |
104.8 |
113.0 |
143.3 |
154.1 |
160.5 |
188.1 |
217.3 |
281.4 |
292.1 |
274.7 |
|
02 Defense |
121.2 |
130.2 |
147.6 |
145.5 |
152.8 |
182.0 |
190.4 |
198.5 |
225.9 |
294.4 |
|
03 Maintenance of public order and security and judicial activities. |
61.7 |
69.5 |
67.4 |
72.5 |
76.7 |
91.4 |
104.8 |
122.0 |
120.3 |
122.5 |
|
04 Economic relations |
89.4 |
133.8 |
112.5 |
84.0 |
71.1 |
128.3 |
83.3 |
109.8 |
131.1 |
129.5 |
|
05 Preservation of the environment |
3.0 |
3.9 |
4.9 |
6.6 |
7.0 |
4.6 |
4.7 |
5.7 |
4.5 |
5.4 |
|
06 Housing and communal facilities |
14.0 |
21.1 |
42.8 |
43.8 |
14.3 |
21.7 |
31.3 |
39.2 |
25.6 |
12.6 |
|
07 Health |
50.0 |
56.2 |
56.1 |
63.3 |
64.5 |
64.4 |
76.6 |
86.1 |
88.6 |
83.2 |
|
08 Culture, sport and religion |
16.0 |
16.3 |
16.1 |
17.6 |
22.8 |
18.6 |
21.4 |
30.4 |
26.6 |
26.0 |
|
09 Education |
103.5 |
107.5 |
97.8 |
106.1 |
102.8 |
103.1 |
115.8 |
122.3 |
122.4 |
124.4 |
|
10 Social security |
212.6 |
243.6 |
244.2 |
256.2 |
291.7 |
297.4 |
342.5 |
383.7 |
396.8 |
409.0 |
|
11 Expenditures non classified under the main groups |
34.3 |
33.9 |
21.6 |
36.8 |
41.9 |
43.2 |
47.0 |
29.9 |
15.1 |
23.0 |
Table 4. State Budget Expenditures by Economic Classification, bln AMD
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget expenditures, total |
810.6 |
929.1 |
954.3 |
986.5 |
1,006.1 |
1,142.9 |
1,235.1 |
1,409.0 |
1,449.1 |
1,504.8 |
|
1. Current expenditures |
717.5 |
718.3 |
763.1 |
812.3 |
875.6 |
1,015.4 |
1,101.3 |
1,238.9 |
1,281.8 |
1,267.4 |
|
Wages |
64.1 |
75.6 |
78.3 |
84.7 |
86.2 |
101.0 |
118.7 |
141.0 |
142.4 |
145.3 |
|
Acquisition of goods and services |
135.3 |
152.3 |
159.9 |
171.5 |
204.7 |
215.4 |
237.4 |
258.6 |
162.2 |
154.3 |
|
Subsidies |
87.7 |
19.0 |
17.8 |
19.8 |
21.1 |
25.0 |
28.3 |
32.9 |
120.8 |
112.8 |
|
Interest payments |
11.1 |
16.3 |
30.4 |
35.5 |
40.7 |
46.7 |
61.6 |
74.1 |
98.3 |
122.1 |
|
Transfers |
83.2 |
80.1 |
94.4 |
99.4 |
112.8 |
122.8 |
139.4 |
152.9 |
158.1 |
133.0 |
|
Expenditures of social pentions and allowances |
207.9 |
240.2 |
244.0 |
256.4 |
288.5 |
294.9 |
347.7 |
391.0 |
405.1 |
411.1 |
|
Other expenditures |
128.2 |
134.9 |
138.3 |
145.1 |
121.6 |
209.5 |
168.2 |
188.4 |
195.0 |
188.8 |
|
2. Transactions with non financial assets |
93.1 |
210.8 |
191.2 |
174.2 |
130.5 |
127.5 |
133.7 |
170.1 |
167.3 |
237.4 |
Table 5. Main Indicators of State and Consolidated Budgets, in % to GDP
|
|
1991 |
1995 |
2000 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Revenues, total |
|||||||||||||
|
State Budget |
29.0 |
18.0 |
16.7 |
22.0 |
22.0 |
22.6 |
23.3 |
22.2 |
23.5 |
23.7 |
23.2 |
23.1 |
22.2 |
|
Consolidated Budget |
- |
- |
19.9 |
22.5 |
22.7 |
23.2 |
24.0 |
22.9 |
24.2 |
24.4 |
23.8 |
23.8 |
22.9 |
|
Expenditures, total |
|||||||||||||
|
State Budget |
27.4 |
24.0 |
21.6 |
22.7 |
29.6 |
27.6 |
26.1 |
23.6 |
25.1 |
25.6 |
27.9 |
28.6 |
27.0 |
|
Consolidated Budget |
- |
- |
24.7 |
23.2 |
30.2 |
28.2 |
26.8 |
24.3 |
25.7 |
26.3 |
28.6 |
29.3 |
27.7 |
|
Deficit (-)/Surplus (+) |
|||||||||||||
|
State Budget |
1.6 |
-6.0 |
-4.9 |
-0.7 |
-7.6 |
-5.0 |
-2.8 |
-1.4 |
-1.6 |
-1.9 |
-4.8 |
-5.5 |
-4.8 |
|
Consolidated Budget |
- |
- |
-4.8 |
-0.7 |
-7.5 |
-5.0 |
-2.8 |
-1.4 |
-1.5 |
-1.9 |
-4.8 |
-5.5 |
-4.8 |
| Note: Data for 1991 are in bln roubles. State budget data for 1991 and 1995 include Municipal budgets data. |
| Municipal budgets have been separated from the State budget in 1997. |
Table 6. State Budget Revenues, in % to GDP
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget revenues, total |
22.0 |
22.0 |
22.6 |
23.3 |
22.2 |
23.5 |
23.7 |
23.2 |
23.1 |
22.2 |
|
1. Taxes, duties and compulsory social payments |
20.3 |
19.9 |
20.2 |
20.6 |
20.6 |
22.0 |
22.0 |
21.2 |
21.3 |
20.8 |
|
1.1 Tax revenues |
16.8 |
16.0 |
16.6 |
16.7 |
17.0 |
20.8 |
20.8 |
20.1 |
20.4 |
19.8 |
|
Value added tax |
8.9 |
8.1 |
8.7 |
8.7 |
8.7 |
8.8 |
9.1 |
8.4 |
7.7 |
7.3 |
|
Excise tax |
1.3 |
1.4 |
1.4 |
1.0 |
1.2 |
1.1 |
1.0 |
1.0 |
1.2 |
1.5 |
|
Income tax |
1.5 |
1.9 |
2.1 |
2.1 |
2.1 |
0.1 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Profit tax |
2.4 |
2.6 |
2.2 |
2.6 |
2.8 |
2.7 |
2.1 |
2.1 |
2.5 |
2.0 |
|
Property tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Land tax |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
Customs duty |
1.0 |
0.8 |
0.8 |
1.0 |
1.0 |
1.0 |
1.0 |
1.2 |
1.1 |
1.1 |
|
Fixes payments |
0.6 |
0.8 |
0.6 |
0.5 |
0.3 |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
|
Turnover tax |
- |
- |
- |
- |
- |
0.3 |
0.3 |
0.2 |
0.3 |
0.3 |
|
Income tax |
- |
- |
- |
- |
- |
5.5 |
6.0 |
6.2 |
6.6 |
6.1 |
|
Other tax incomes |
1.0 |
0.5 |
0.6 |
0.7 |
0.9 |
1.1 |
1.2 |
1.0 |
1.0 |
1.3 |
|
1.2 State duties |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
0.6 |
0.8 |
0.6 |
0.7 |
0.7 |
|
1.3 Social payments |
2.9 |
3.3 |
3.0 |
3.3 |
3.0 |
0.4 |
0.3 |
0.4 |
0.3 |
0.3 |
|
Compulsory social insurance contributions |
2.9 |
3.3 |
3.0 |
3.3 |
3.0 |
0.4 |
0.3 |
0.2 |
0.0 |
0.0 |
|
Targeted social payments |
- |
- |
- |
- |
- |
- |
- |
0.2 |
0.3 |
0.3 |
|
2. Official transfers |
0.4 |
0.7 |
0.9 |
1.6 |
0.4 |
0.3 |
0.4 |
0.6 |
0.6 |
0.3 |
|
3. Other incomes |
1.2 |
1.4 |
1.5 |
1.2 |
1.2 |
1.3 |
1.3 |
1.4 |
1.2 |
1.2 |
Table 7. State Budget Expenditures by Functional Classification, in % to GDP
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget expenditures, total |
22.7 |
29.6 |
27.6 |
26.1 |
23.6 |
25.1 |
25.6 |
27.9 |
28.6 |
27.0 |
|
01 General public services |
2.9 |
3.6 |
4.1 |
4.1 |
3.8 |
4.1 |
4.5 |
5.6 |
5.8 |
4.9 |
|
02 Defense |
3.4 |
4.1 |
4.3 |
3.9 |
3.6 |
4.0 |
3.9 |
3.9 |
4.5 |
5.3 |
|
03 Maintenance of public order and security and judicial activities. |
1.7 |
2.2 |
1.9 |
1.9 |
1.8 |
4.0 |
3.9 |
2.4 |
2.4 |
2.2 |
|
04 Economic relations |
2.5 |
4.3 |
3.2 |
2.2 |
1.7 |
2.8 |
1.7 |
2.2 |
2.6 |
2.3 |
|
05 Preservation of the environment |
0.1 |
0.1 |
0.1 |
0.2 |
0.2 |
0.1 |
0.1 |
0.1 |
0.1 |
0.1 |
|
06 Housing and communal facilities |
0.4 |
0.7 |
1.2 |
1.2 |
0.3 |
0.5 |
0.6 |
0.8 |
0.5 |
0.2 |
|
07 Health |
1.4 |
1.8 |
1.6 |
1.7 |
1.5 |
1.4 |
1.6 |
1.7 |
1.7 |
1.5 |
|
08 Culture, sport and religion |
0.4 |
0.5 |
0.5 |
0.5 |
0.5 |
0.4 |
0.4 |
0.6 |
0.5 |
0.5 |
|
09 Education |
2.9 |
3.4 |
2.8 |
2.8 |
2.4 |
2.3 |
2.4 |
2.4 |
2.4 |
2.2 |
|
10 Social security |
6.0 |
7.8 |
7.1 |
6.8 |
6.8 |
6.5 |
7.1 |
7.6 |
7.8 |
7.3 |
|
11 Expenditures non classified under the main groups |
1.0 |
1.1 |
0.6 |
1.0 |
1.0 |
0.9 |
1.0 |
0.6 |
0.3 |
0.4 |
Table 8. State Budget Expenditures by Economic Classification, in % to GDP
|
|
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
State budget expenditures, total |
22.7 |
29.6 |
27.6 |
26.1 |
23.6 |
25.1 |
25.6 |
27.9 |
28.6 |
27.0 |
|
1. Current expenditures |
20.1 |
22.9 |
22.1 |
21.5 |
20.5 |
22.3 |
22.8 |
24.6 |
25.3 |
22.8 |
|
Wages |
1.8 |
2.4 |
2.2 |
2.3 |
2.0 |
2.2 |
2.5 |
2.8 |
2.8 |
2.6 |
|
Acquisition of goods and services |
3.8 |
4.8 |
4.6 |
4.5 |
4.8 |
4.7 |
4.9 |
5.1 |
3.2 |
2.8 |
|
Subsidies |
2.5 |
0.6 |
0.5 |
0.5 |
0.5 |
0.6 |
0.6 |
0.7 |
2.4 |
2.0 |
|
Interest payments |
0.3 |
0.5 |
0.9 |
0.9 |
1.0 |
1.0 |
1.3 |
1.5 |
1.9 |
2.2 |
|
Transfers |
2.3 |
2.5 |
2.7 |
2.6 |
2.6 |
2.7 |
2.9 |
3.0 |
3.1 |
2.4 |
|
Expenditures of social pentions and allowances |
5.8 |
7.6 |
7.1 |
6.8 |
6.8 |
6.5 |
7.2 |
7.8 |
8.0 |
7.4 |
|
Other expenditures |
3.6 |
4.3 |
4.0 |
3.8 |
2.9 |
4.6 |
3.5 |
3.7 |
3.8 |
3.4 |
|
2. Transactions with non financial assets |
2.6 |
6.7 |
5.5 |
4.6 |
3.1 |
2.8 |
2.8 |
3.4 |
3.3 |
4.3 |
Table 9. Public Debt of Armenia
|
|
1995 |
2000 |
2005 |
2008 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
mln USD, |
||||||||||||
|
External debt |
- |
859.5 |
1,099.2 |
1,577.1 |
3,300.5 |
3,569.3 |
3,739.1 |
3,899.1 |
3,785.2 |
4,316.2 |
4,805.6 |
5,494.9 |
|
Debt of Government |
- |
651.0 |
896.7 |
1396.6 |
2737.9 |
2952.0 |
3144.5 |
3390.8 |
3345.3 |
3839.9 |
4300.9 |
4893.4 |
|
Debt of Central Bank |
- |
175.5 |
196.2 |
176.0 |
562.6 |
617.3 |
594.6 |
508.3 |
440.0 |
476.3 |
504.7 |
601.5 |
|
Credits Guaranteed by Government and CB |
- |
19.1 |
3.1 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Special Credit Programs |
- |
13.9 |
3.3 |
4.4 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Domestic debt |
0.5 |
54.0 |
114.1 |
328.9 |
504.6 |
565.4 |
633.0 |
689.4 |
656.3 |
761.5 |
1,136.5 |
1,279.7 |
|
bln AMD |
||||||||||||
|
External debt |
- |
474.6 |
494.9 |
483.7 |
1,199.5 |
1,376.9 |
1,509.0 |
1,581.6 |
1,797.9 |
2,088.0 |
2,325.6 |
2,660.1 |
|
Debt of Government |
- |
359.5 |
403.7 |
428.4 |
995.1 |
1138.8 |
1269.0 |
1375.4 |
1588.9 |
1857.5 |
2081.4 |
2368.9 |
|
Debt of Central Bank |
- |
96.9 |
88.3 |
54 |
204.5 |
238.1 |
240.0 |
206.2 |
209.0 |
230.4 |
244.2 |
291.2 |
|
Credits Guaranteed by Government and CB |
- |
10.6 |
1.4 |
0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Special Credit Programs |
- |
7.7 |
1.5 |
1.4 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Domestic debt |
0.2 |
29.8 |
51.3 |
100.9 |
183.4 |
218.1 |
255.5 |
279.7 |
311.7 |
368.4 |
550.0 |
619.5 |
|
In dollar term, in % to GDP |
||||||||||||
|
External debt |
- |
45.0 |
22.4 |
13.5 |
35.6 |
35.2 |
35.2 |
35.1 |
32.6 |
40.9 |
45.6 |
47.6 |
|
Debt of Government |
- |
34.1 |
18.3 |
12.0 |
29.6 |
29.1 |
29.6 |
30.5 |
28.8 |
36.4 |
40.8 |
42.4 |
|
Debt of Central Bank |
- |
9.2 |
4.0 |
1.5 |
6.1 |
6.1 |
5.6 |
4.6 |
3.8 |
4.5 |
4.8 |
5.2 |
|
Credits Guaranteed by Government and CB |
- |
1.0 |
0.1 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Special Credit Programs |
- |
0.7 |
0.1 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Domestic debt |
0.04 |
2.8 |
2.3 |
2.8 |
5.4 |
5.6 |
6.0 |
6.2 |
5.7 |
7.2 |
10.8 |
11.1 |
|
In dram term, in % to GDP |
||||||||||||
|
External debt |
- |
46.0 |
22.1 |
13.6 |
34.7 |
36.4 |
35.4 |
34.7 |
37.2 |
41.4 |
45.9 |
47.8 |
|
Debt of Government |
- |
34.9 |
18.0 |
12.0 |
28.8 |
30.1 |
29.7 |
30.2 |
32.9 |
36.8 |
41.1 |
42.5 |
|
Debt of Central Bank |
- |
9.4 |
3.9 |
1.5 |
5.9 |
6.3 |
5.6 |
4.5 |
4.3 |
4.6 |
4.8 |
5.2 |
|
Credits Guaranteed by Government and CB |
- |
1.0 |
0.1 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Special Credit Programs |
- |
0.7 |
0.1 |
0.0 |
- |
- |
- |
- |
- |
- |
- |
- |
|
Domestic debt |
0.0 |
2.9 |
2.3 |
2.8 |
5.3 |
5.8 |
6.0 |
6.1 |
6.5 |
7.3 |
10.9 |
11.1 |
Table 10. External public debt of Armenia, breakdown per donors, mln USD
|
2000 |
2005 |
2008 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
|
Total External Debt |
859.5 |
1,099.2 |
1,577.1 |
3,299.0 |
3,569.3 |
3,739.1 |
3,899.1 |
3,785.2 |
4,317.3 |
4,805.6 |
5,494.9 |
|
Multilateral creditors |
661.3 |
982.9 |
1,234.7 |
2,253.7 |
2,475.4 |
2,638.9 |
2,637.0 |
2,604.6 |
2,880.0 |
3,235.8 |
3,639.1 |
|
WB |
397.5 |
750.9 |
1,019.1 |
1,265.5 |
1,336.9 |
1,470.2 |
1,584.9 |
1,609.2 |
1,650.6 |
1741.4 |
1807.9 |
|
EBRD |
48.5 |
14.8 |
0.0 |
10.0 |
13.7 |
14.3 |
25.8 |
21.3 |
18.9 |
20.5 |
23.6 |
|
IFAD |
18.4 |
40.8 |
57.8 |
62.0 |
66.3 |
67.3 |
67.5 |
62.9 |
61.2 |
63.5 |
66.4 |
|
EU |
21.4 |
- |
- |
- |
33.6 |
85.7 |
89.7 |
79.0 |
71.0 |
68.8 |
77.9 |
|
IMF |
175.5 |
176.4 |
134.8 |
740.8 |
827.5 |
776.1 |
584.8 |
442.1 |
414.3 |
412.0 |
404.2 |
|
OPEC |
- |
- |
15.0 |
28.7 |
28.3 |
30.7 |
34.3 |
34.5 |
40.4 |
55.4 |
57.5 |
|
ADB |
- |
- |
8.1 |
146.7 |
165.3 |
187.9 |
227.9 |
311.1 |
396.5 |
511.9 |
659.3 |
|
EIB |
- |
- |
- |
- |
3.9 |
6.6 |
22.1 |
44.6 |
128.1 |
157.2 |
237.0 |
|
EADB |
- |
- |
- |
- |
- |
- |
- |
- |
100.0 |
205.0 |
305.2 |
|
Bilateral Creditors |
198.2 |
116.4 |
342.4 |
1,045.3 |
1,090.6 |
1,086.5 |
548.4 |
504.2 |
509.5 |
626.4 |
958.9 |
|
Russia |
114.7 |
- |
- |
500.0 |
500.0 |
500.0 |
- |
- |
7.8 |
56.4 |
252.6 |
|
Germany |
5.7 |
69.3 |
125.3 |
132.7 |
155.0 |
193.1 |
219.8 |
211.9 |
189.9 |
200.4 |
295.9 |
|
France |
2.5 |
4.2 |
5.0 |
4.3 |
4.1 |
4.0 |
5.2 |
8.7 |
20.0 |
79.4 |
122.0 |
|
USA |
57.7 |
41.3 |
37.2 |
33.1 |
31.1 |
29.3 |
27.5 |
25.3 |
23.5 |
21.8 |
20.1 |
|
Japan |
- |
1.6 |
174.9 |
374.4 |
397.2 |
355.9 |
290.8 |
252.6 |
241.5 |
239.4 |
238.5 |
|
Abu-Dhabi Foundation |
- |
- |
- |
0.9 |
3.1 |
4.2 |
5.1 |
5.7 |
6.4 |
6.6 |
5.9 |
|
ExIm Bank of China |
- |
- |
- |
- |
- |
- |
- |
- |
20.4 |
22.4 |
23.8 |
|
Turkmenistan |
12.8 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Switzerlan |
5.0 |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
|
Borrowings from Commercial Banks |
- |
- |
- |
- |
2.2 |
12.9 |
16.7 |
16.3 |
23.2 |
22.4 |
24.6 |
|
SBC Bank (Belgium) |
- |
- |
- |
- |
2.2 |
4.2 |
5.7 |
5.8 |
5.3 |
4.7 |
4.7 |
|
Austria (Reiffeizen bank) |
- |
- |
- |
- |
- |
8.7 |
11 |
9.7 |
8.7 |
8.5 |
9.6 |
|
Austria (Erste bank) |
- |
- |
- |
- |
- |
- |
- |
0.7 |
9.1 |
9.3 |
10.3 |
|
Bonds purchased by non-residents |
- |
- |
- |
- |
1.1 |
0.8 |
696.9 |
660.2 |
903.7 |
921.0 |
864.9 |
|
Government bonds in FX |
- |
- |
- |
- |
- |
- |
695.3 |
659.2 |
902.1 |
904.4 |
844.9 |
|
Government bonds |
- |
- |
- |
- |
1.1 |
0.8 |
1.6 |
0.9 |
1.5 |
16.5 |
20.0 |
Balance of Payments and Foreign Trade
| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
BALANCE OF PAYMENTS AND FOREIGN TRADE
Data source: Central Bank of Armenia and International Trade Center
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 14, 2018.
Note: According to the revisions implemented in the Balance of Payments of RA since 2004, the comparability with some indicators for the previous years decreased.
Figure 1. Foreign trade of Armenia, USD mln
Table 1. Balance of Payments, USD mln
|
|
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
CURRENT ACCOUNT |
-123.9 |
-1,658.9 |
-1,425.5 |
-1,261.4 |
-1,058.9 |
-1,057.9 |
-813.0 |
-882.9 |
-272.4 |
-238.1 |
-279.7 |
|
Current Account (excluding current transfers) |
-509.7 |
-2,347.9 |
-1,923.4 |
-1,774.0 |
-1,643.3 |
-1,683.1 |
-1,517.7 |
-1,524.1 |
-693.1 |
-630.5 |
-725.1 |
|
Goods and Services |
-782.6 |
-3,127.5 |
-2,366.3 |
-2,326.5 |
-2,175.6 |
-2,214.0 |
-2,321.1 |
-2,168.9 |
-1,281.8 |
-1,015.8 |
-1,403.3 |
|
Exports of goods and services |
1,458.8 |
1,943.6 |
1,559.3 |
2,210.7 |
2,742.2 |
2,917.4 |
3,155.3 |
3,318.3 |
3,136.3 |
3,500.4 |
4,306.8 |
|
Imports of goods and services |
2,241.4 |
5,071.1 |
3,925.6 |
4,537.2 |
4,917.8 |
5,131.4 |
5,476.4 |
5,487.3 |
4,418.2 |
4,516.2 |
5,710.1 |
|
Goods |
-634.7 |
-2,816.3 |
-2,090.0 |
-2,065.7 |
-2,109.8 |
-2,111.9 |
-2,196.2 |
-2,055.4 |
-1,186.4 |
-944.4 |
-1,375.4 |
|
Exports of goods |
1,028.7 |
1,106.3 |
773.6 |
1,197.5 |
1,431.6 |
1,515.7 |
1,635.9 |
1,698.1 |
1,623.9 |
1,890.7 |
2,385.2 |
|
Imports of goods |
1,663.4 |
3,922.6 |
2,863.6 |
3,263.2 |
3,541.4 |
3,627.6 |
3,832.0 |
3,753.6 |
2,810.3 |
2,835.1 |
3,760.7 |
|
Services |
-147.9 |
-311.2 |
-276.3 |
-260.8 |
-65.8 |
-102.1 |
-125.0 |
-113.5 |
-95.4 |
-71.4 |
-27.9 |
|
Exports of services |
430.1 |
837.3 |
785.7 |
1,013.2 |
1,310.6 |
1,401.7 |
1,519.4 |
1,620.2 |
1,512.4 |
1,609.7 |
1,921.5 |
|
Imports of ervices |
578.1 |
1,148.5 |
1,062.0 |
1,274.0 |
1,376.4 |
1,503.8 |
1,644.4 |
1,733.7 |
1,607.9 |
1,681.1 |
1,949.4 |
|
Income |
206.0 |
691.3 |
358.8 |
458.3 |
360.1 |
423.1 |
682.5 |
541.1 |
442.9 |
224.2 |
463.3 |
|
Current transfers |
385.8 |
689.1 |
497.9 |
512.6 |
584.4 |
625.2 |
704.7 |
641.2 |
420.7 |
392.4 |
445.4 |
|
CAPITAL ACCOUNT |
84.0 |
171.4 |
87.9 |
98.9 |
94.6 |
108.4 |
84.4 |
70.4 |
65.3 |
34.9 |
46.3 |
|
FINANCIAL ACCOUNT |
-203.3 |
-1,528.8 |
-1,440.0 |
-1,318.5 |
-1,001.0 |
-759.0 |
-1,027.8 |
-848.9 |
-356.5 |
-431.6 |
-540.1 |
|
Net errors and omissions |
-163.4 |
-41.4 |
-102.4 |
-155.9 |
-36.8 |
190.5 |
-299.2 |
-36.5 |
-149.3 |
-228.3 |
-306.7 |
Table 2. Balance of Payments, % of GDP
|
|
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
CURRENT ACCOUNT |
-15.8 |
-2.5 |
-14.2 |
-16.5 |
-13.6 |
-10.4 |
-10.0 |
-7.3 |
-7.6 |
-2.6 |
-2.3 |
-2.4 |
|
Current Account (excluding current transfers) |
-20.3 |
-10.4 |
-20.1 |
-22.2 |
-19.2 |
-16.2 |
-15.8 |
-13.6 |
-13.1 |
-6.6 |
-6.0 |
-6.3 |
|
Goods and Services |
-27.8 |
-16.0 |
-26.8 |
-27.4 |
-25.1 |
-21.5 |
-20.8 |
-20.9 |
-18.7 |
-12.1 |
-9.6 |
-12.2 |
|
Exports of goods and services |
23.8 |
29.8 |
16.7 |
18.0 |
23.9 |
27.0 |
27.5 |
28.4 |
28.6 |
29.7 |
33.2 |
37.3 |
|
Imports of goods and services |
51.6 |
45.7 |
43.5 |
45.4 |
49.0 |
48.5 |
48.3 |
49.2 |
47.3 |
41.9 |
42.8 |
49.5 |
|
Goods |
-24.4 |
-13.0 |
-24.1 |
-24.2 |
-22.3 |
-20.8 |
-19.9 |
-19.7 |
-17.7 |
-11.2 |
-9.0 |
-11.9 |
|
Exports of goods |
16.4 |
21.0 |
9.5 |
8.9 |
12.9 |
14.1 |
14.3 |
14.7 |
14.6 |
15.4 |
17.9 |
20.7 |
|
Imports of goods |
40.8 |
33.9 |
33.6 |
33.1 |
35.2 |
34.9 |
34.2 |
34.5 |
32.3 |
26.6 |
26.9 |
32.6 |
|
Services |
-3.4 |
-3.0 |
-2.7 |
-3.2 |
-2.8 |
-0.6 |
-1.0 |
-1.1 |
-1.0 |
-0.9 |
-0.7 |
-0.2 |
|
Exports of services |
7.3 |
8.8 |
7.2 |
9.1 |
10.9 |
12.9 |
13.2 |
13.7 |
14.0 |
14.3 |
15.3 |
16.7 |
|
Imports of ervices |
10.7 |
11.8 |
9.8 |
12.3 |
13.8 |
13.6 |
14.2 |
14.8 |
14.9 |
15.2 |
15.9 |
16.9 |
|
Income |
3.1 |
4.2 |
5.9 |
4.1 |
4.9 |
3.6 |
4.0 |
6.1 |
4.7 |
4.2 |
2.1 |
4.0 |
|
Current transfers |
4.5 |
7.9 |
5.9 |
5.8 |
5.5 |
5.8 |
5.9 |
6.3 |
5.5 |
4.0 |
3.7 |
3.9 |
|
CAPITAL ACCOUNT |
0.7 |
1.7 |
1.5 |
1.0 |
1.1 |
0.9 |
1.0 |
0.8 |
0.6 |
0.6 |
0.3 |
0.4 |
|
FINANCIAL ACCOUNT |
-11.3 |
-4.1 |
-13.1 |
-16.7 |
-14.2 |
-9.9 |
-7.1 |
-9.2 |
-7.3 |
-3.4 |
-4.1 |
-4.7 |
|
Net errors and omissions |
3.8 |
-3.3 |
-0.4 |
-1.2 |
-1.7 |
-0.4 |
1.8 |
-2.7 |
-0.3 |
-1.4 |
-2.2 |
-2.7 |
Table 3. Armenian imports from the largest partner countries, USD mln
|
Country |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Russian Federation |
166.2 |
250.6 |
828.3 |
885.4 |
1,052.4 |
1,104.5 |
1,069.3 |
991.1 |
990.6 |
1,165.6 |
|
China |
2.1 |
26.1 |
402.1 |
402.5 |
397.1 |
383.5 |
414.4 |
315.5 |
363.5 |
465.8 |
|
Turkey |
29.0 |
53.1 |
210.5 |
240.4 |
213.1 |
210.2 |
230.9 |
136.5 |
169.0 |
221.6 |
|
Iran, Islamic Republic of |
72.8 |
101.0 |
217.7 |
217.0 |
219.5 |
187.6 |
206.4 |
198.3 |
164.9 |
174.5 |
|
Germany |
31.9 |
98.9 |
155.9 |
162.4 |
168.9 |
175.9 |
175.7 |
182.1 |
160.4 |
164.3 |
|
Italy |
28.6 |
44.6 |
121.1 |
167.8 |
166.6 |
162.9 |
178.8 |
148.1 |
127.4 |
124.3 |
|
Ukraine |
22.0 |
67.2 |
229.5 |
232.1 |
215.9 |
226.3 |
201.8 |
124.6 |
98.9 |
115.4 |
|
United States of America |
83.5 |
103.2 |
101.5 |
133.0 |
129.9 |
118.8 |
112.7 |
105.1 |
79.1 |
113.7 |
|
Switzerland |
28.3 |
87.9 |
69.5 |
78.3 |
87.0 |
172.3 |
146.0 |
51.6 |
37.6 |
92.7 |
|
Georgia |
12.9 |
39.3 |
49.7 |
59.4 |
48.5 |
65.3 |
71.2 |
66.7 |
95.0 |
87.3 |
|
United Arab Emirates |
44.5 |
85.4 |
36.3 |
49.1 |
47.8 |
67.4 |
67.5 |
43.6 |
57.8 |
85.9 |
|
France |
11.9 |
38.4 |
76.4 |
81.3 |
66.2 |
62.6 |
78.7 |
64.9 |
52.5 |
72.2 |
|
Canada |
6.9 |
4.1 |
20.5 |
27.6 |
15.1 |
23.2 |
17.9 |
13.6 |
11.9 |
63.3 |
|
Brazil |
0.2 |
2.7 |
51.3 |
83.3 |
93.1 |
87.3 |
91.4 |
61.4 |
48.9 |
62.6 |
|
Poland |
2.4 |
4.2 |
29.8 |
35.4 |
41.7 |
43.1 |
47.2 |
34.0 |
36.7 |
49.2 |
|
Greece |
13.5 |
37.8 |
50.8 |
60.6 |
28.7 |
22.0 |
15.4 |
16.7 |
21.3 |
48.9 |
|
India |
5.1 |
10.7 |
45.9 |
68.7 |
69.5 |
67.4 |
63.4 |
52.3 |
69.4 |
45.3 |
|
Japan |
2.9 |
2.6 |
55.6 |
40.9 |
63.5 |
45.9 |
43.8 |
45.6 |
32.4 |
44.6 |
|
Bulgaria |
6.2 |
11.1 |
112.4 |
102.2 |
86.4 |
68.3 |
25.5 |
26.0 |
32.0 |
39.9 |
|
Belarus |
1.0 |
11.5 |
31.9 |
29.5 |
33.6 |
40.8 |
31.0 |
33.8 |
23.2 |
37.6 |
|
Total selected countries |
572.0 |
1,080.5 |
2,896.7 |
3,157.0 |
3,244.4 |
3,335.1 |
3,289.0 |
2,711.5 |
2,672.3 |
3,274.8 |
|
Total imports |
837.5 |
1,691.5 |
3,781.8 |
4,109.3 |
4,266.9 |
4,256.2 |
4,159.5 |
3,257.0 |
3,218.5 |
3,893.5 |
Table 4. Armenian exports to the largest partner countries, USD mln
|
Country |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
Russian Federation |
57.7 |
115.8 |
159.9 |
220.9 |
277.9 |
331.9 |
304.6 |
225.9 |
373.0 |
540.5 |
|
Bulgaria |
0.3 |
0.8 |
156.5 |
152.2 |
129.3 |
152.2 |
85.6 |
78.9 |
163.4 |
281.7 |
|
Switzerland |
23.0 |
34.6 |
16.9 |
33.7 |
71.4 |
24.7 |
14.0 |
40.8 |
95.0 |
246.5 |
|
Georgia |
11.9 |
34.1 |
48.2 |
55.0 |
78.0 |
75.2 |
65.9 |
114.0 |
141.2 |
144.9 |
|
Germany |
10.9 |
146.7 |
132.6 |
157.8 |
153.0 |
85.5 |
158.5 |
145.0 |
135.1 |
126.9 |
|
China |
0.1 |
9.2 |
30.9 |
16.3 |
31.0 |
68.8 |
171.0 |
165.2 |
99.7 |
118.5 |
|
Iraq |
0.0 |
0.0 |
0.4 |
4.9 |
15.7 |
47.7 |
80.6 |
130.7 |
140.5 |
117.2 |
|
United Arab Emirates |
7.2 |
10.2 |
8.0 |
9.7 |
9.2 |
9.4 |
12.0 |
11.1 |
68.8 |
92.4 |
|
Netherlands |
1.2 |
130.1 |
98.6 |
117.2 |
79.7 |
66.4 |
74.2 |
47.3 |
55.5 |
88.4 |
|
Iran, Islamic Republic of |
31.5 |
24.9 |
39.6 |
94.3 |
94.2 |
85.9 |
83.7 |
77.9 |
69.6 |
84.0 |
|
United States of America |
51.5 |
61.6 |
82.3 |
100.4 |
87.3 |
88.4 |
87.1 |
54.0 |
39.2 |
59.2 |
|
Syrian Arab Republic |
0.1 |
0.5 |
0.1 |
0.0 |
0.2 |
2.9 |
18.5 |
25.4 |
27.6 |
50.0 |
|
Belgium |
46.5 |
124.5 |
72.5 |
70.5 |
127.2 |
131.1 |
62.4 |
47.5 |
41.3 |
37.9 |
|
Italy |
6.0 |
25.4 |
4.8 |
4.6 |
7.7 |
23.1 |
34.5 |
49.0 |
31.5 |
36.1 |
|
Area Nes |
1.4 |
1.4 |
31.3 |
31.5 |
32.1 |
16.5 |
18.2 |
8.3 |
21.0 |
14.3 |
|
Ukraine |
10.9 |
13.6 |
12.0 |
11.1 |
14.3 |
14.8 |
10.3 |
6.0 |
8.2 |
10.0 |
|
Thailand |
0.0 |
0.8 |
2.8 |
3.6 |
3.0 |
2.7 |
22.4 |
1.2 |
2.6 |
8.2 |
|
Poland |
0.0 |
0.7 |
2.1 |
0.9 |
0.6 |
1.1 |
3.6 |
14.6 |
17.3 |
7.9 |
|
Canada |
0.9 |
11.4 |
29.6 |
70.3 |
85.0 |
87.4 |
93.3 |
112.1 |
133.1 |
7.1 |
|
Belarus |
1.2 |
2.5 |
4.6 |
5.8 |
6.5 |
8.6 |
9.0 |
5.5 |
13.1 |
6.9 |
|
Total selected countries |
262.4 |
748.9 |
933.8 |
1,160.7 |
1,303.2 |
1,324.2 |
1,409.4 |
1,360.4 |
1,676.9 |
2,078.8 |
|
Total exports |
335.8 |
937.0 |
1,011.4 |
1,320.4 |
1,428.1 |
1,467.8 |
1,490.2 |
1,482.7 |
1,807.8 |
2,145.0 |
Table 5. Largest import item groups, USD mln
|
Code |
Product |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
2711 |
Natural and liquid gas |
85.6 |
96.9 |
339.5 |
411.7 |
520.3 |
575.6 |
467.3 |
432.9 |
348.0 |
358.3 |
|
2710 |
Oil and oil products |
88.1 |
155.5 |
304.1 |
370.9 |
360.5 |
341.6 |
321.2 |
217.4 |
198.3 |
242.6 |
|
3004 |
Medicine (weighted and packed) |
27.4 |
42.9 |
80.2 |
91.5 |
94.6 |
109.6 |
101.0 |
93.9 |
88.4 |
163.9 |
|
7102 |
Diamonds |
86.0 |
270.8 |
93.9 |
126.7 |
96.8 |
116.4 |
148.3 |
87.4 |
125.7 |
124.5 |
|
8517 |
Telephone (mobile) devices and other transmitting devices |
6.5 |
15.8 |
81.4 |
79.1 |
69.4 |
48.9 |
59.2 |
46.1 |
92.9 |
89.4 |
|
7601 |
Unwrought aluminium |
0.0 |
0.0 |
92.6 |
71.6 |
63.4 |
53.3 |
57.7 |
59.5 |
48.1 |
67.3 |
|
1001 |
Wheat and meslin |
42.4 |
47.9 |
87.9 |
90.6 |
131.8 |
108.7 |
100.8 |
70.6 |
60.1 |
60.5 |
|
7108 |
Gold |
18.7 |
74.3 |
60.1 |
78.4 |
74.0 |
168.6 |
145.1 |
23.3 |
21.5 |
56.6 |
|
8703 |
Motor cars |
7.3 |
37.6 |
59.2 |
76.7 |
60.3 |
61.6 |
60.8 |
87.9 |
41.3 |
49.0 |
|
8704 |
Motor vehicles for the transport of goods |
1.9 |
25.0 |
34.7 |
42.6 |
59.9 |
28.6 |
23.5 |
21.8 |
19.6 |
48.6 |
|
8429 |
Self-propelled bulldozers, angledozers, graders, levellers, scrapers, mechanical shovels, excavators |
0.1 |
1.6 |
23.7 |
30.6 |
44.8 |
22.4 |
20.0 |
13.4 |
16.5 |
45.1 |
|
2208 |
Ethyl spirit and alcoholic beverages |
1.0 |
9.1 |
29.6 |
27.5 |
38.7 |
40.8 |
38.9 |
33.7 |
47.0 |
43.7 |
|
1701 |
Cane or beet sugar and chemically pure sucrose, in solid form |
18.1 |
25.5 |
30.8 |
53.8 |
51.4 |
40.5 |
45.6 |
33.0 |
21.7 |
43.2 |
|
0207 |
Meat and edible offal of fowls of the species Gallus domesticus, ducks, geese, turkeys |
10.3 |
10.5 |
39.9 |
47.0 |
41.9 |
47.6 |
45.5 |
34.9 |
26.7 |
40.3 |
|
1806 |
Chocolate and other cocoa containing food |
4.4 |
12.4 |
35.9 |
38.3 |
39.7 |
42.4 |
38.6 |
37.6 |
37.3 |
40.2 |
|
Total for selected |
397.8 |
826.1 |
1,393.5 |
1,637.0 |
1,747.5 |
1,806.7 |
1,673.6 |
1,293.2 |
1,193.1 |
1,473.2 |
|
|
Total imports |
837.5 |
1,691.5 |
3,781.8 |
4,109.3 |
4,266.9 |
4,256.2 |
4,159.5 |
3,257.0 |
3,218.5 |
3,893.5 |
|
Table 6. Largest export item groups, USD mln
|
Code |
Product |
2001 |
2005 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
2603 |
Copper ores and concentrates |
11.7 |
16.6 |
210.6 |
260.6 |
227.6 |
279.9 |
235.9 |
316.6 |
370.1 |
571.5 |
|
2402 |
Cigar, Cigarillo, Cigarettes |
1.8 |
3.2 |
8.2 |
16.3 |
41.8 |
68.0 |
115.9 |
170.5 |
211.5 |
237.3 |
|
2208 |
Ethyl spirit, spirit tincture, liqueur and other alcoholic drinks |
36.0 |
79.9 |
95.7 |
131.2 |
164.8 |
186.2 |
163.7 |
92.5 |
150.9 |
207.5 |
|
7108 |
Gold |
19.2 |
36.5 |
28.6 |
67.3 |
77.5 |
73.6 |
81.9 |
98.9 |
140.9 |
145.0 |
|
7607 |
Aluminium foil |
6.2 |
0.2 |
78.5 |
87.0 |
81.1 |
80.4 |
88.5 |
82.9 |
77.1 |
96.4 |
|
7202 |
Ferro-alloys |
6.2 |
235.3 |
119.6 |
121.3 |
106.8 |
102.4 |
109.7 |
55.5 |
66.0 |
84.4 |
|
7102 |
Diamonds |
85.8 |
263.0 |
90.3 |
113.7 |
79.1 |
88.1 |
118.0 |
77.3 |
106.3 |
72.8 |
|
2716 |
Electricity |
16.6 |
17.9 |
26.2 |
87.5 |
95.2 |
78.0 |
81.3 |
77.5 |
57.1 |
71.0 |
|
7402 |
Non-refined copper, copper anode for electrolytic process |
9.7 |
42.7 |
92.6 |
114.6 |
104.8 |
90.2 |
71.8 |
65.5 |
62.8 |
70.7 |
|
9405 |
Lamps and lighting fittings |
0.1 |
0.0 |
0.1 |
0.2 |
0.6 |
0.4 |
0.1 |
0.1 |
0.5 |
37.4 |
|
6203 |
Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls |
2.2 |
0.4 |
1.3 |
2.1 |
6.5 |
9.7 |
11.7 |
16.3 |
21.2 |
28.0 |
|
7113 |
Articles of jewellery & parts |
15.5 |
34.0 |
13.2 |
12.2 |
13.2 |
21.3 |
21.5 |
18.1 |
19.1 |
26.9 |
|
6202 |
Women's or girls' overcoats, car coats, capes, cloaks, anoraks, incl. ski jackets, windcheaters |
4.5 |
0.2 |
0.5 |
0.7 |
1.6 |
9.3 |
18.6 |
19.6 |
17.6 |
24.5 |
|
6201 |
Men's or boys' overcoats, cloaks etc., not knitted or crocheted |
2.2 |
0.3 |
0.6 |
1.3 |
5.2 |
11.6 |
14.4 |
18.5 |
20.9 |
24.0 |
|
0302 |
Fish, fresh or chilled |
0.0 |
0.3 |
1.9 |
5.7 |
13.0 |
16.8 |
16.5 |
8.9 |
9.0 |
16.8 |
|
Total for selected |
217.8 |
730.4 |
768.0 |
1,021.6 |
1,018.7 |
1,115.9 |
1,149.5 |
1,118.7 |
1,331.0 |
1,714.2 |
|
|
Total exports |
335.8 |
937.0 |
1,011.4 |
1,320.4 |
1,428.1 |
1,467.8 |
1,490.2 |
1,482.7 |
1,807.8 |
2,145.0 |
|
National Accounts
| National Accounts |
| Public Finance |
| BoP and Foreign Trade |
| Prices and Rates |
| Monetary Survey |
National Accounts
In this subsection, data on economic growth and nominal GDP of Armenia by major sectors of economy, by expenditures (use side) and by sources of incomes are presented.
Data source: National Statistical Service of the Republic of Armenia
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on December 13, 2018.
* Data for 1991 are in billion USSR Rubles
Figure 1. Economic growth in Armenia
Figure 2. Index of economic growth in main sectors of economy (1990=100%)
Table 1. Economic growth in main sectors of economy, % against previous year
|
|
1991 |
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
GDP |
-11.7 |
6.9 |
5.9 |
13.9 |
6.9 |
-14.1 |
2.2 |
4.7 |
7.2 |
3.3 |
3.6 |
3.2 |
0.2 |
7.5 |
|
Industry |
-4.0 |
2.6 |
6.6 |
5.6 |
2.1 |
-5.2 |
8.9 |
13.6 |
6.3 |
6.3 |
-0.9 |
6.2 |
7.7 |
6.6 |
|
Agriculture |
-2.3 |
3.9 |
-1.0 |
11.2 |
3.3 |
5.9 |
-16.0 |
14.0 |
9.5 |
7.6 |
6.1 |
13.2 |
-5.0 |
-5.3 |
|
Construction |
-24.7 |
-5.8 |
28.9 |
27.9 |
11.3 |
-41.6 |
3.3 |
-12.2 |
4.8 |
-7.4 |
-4.5 |
-3.1 |
-14.1 |
2.5 |
|
Trade |
-20.6 |
73.0 |
8.8 |
13.4 |
8.0 |
-5.3 |
3.4 |
4.8 |
4.8 |
1.8 |
3.4 |
-8.3 |
5.1 |
19.9 |
|
Services |
-8.5 |
5.2 |
1.0 |
15.4 |
3.5 |
-3.8 |
5.3 |
6.7 |
8.0 |
3.1 |
7.8 |
4.0 |
2.9 |
10.2 |
|
Other |
-34.2 |
- |
19.1 |
13.5 |
18.4 |
-24.5 |
12.4 |
-2.4 |
8.2 |
5.6 |
0.9 |
-3.4 |
-6.2 |
11.5 |
Table 2. GDP growth rate by expenditure components, % against previous year
|
|
1991 |
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
GDP |
-11.7 |
6.9 |
5.9 |
13.9 |
6.9 |
-14.1 |
2.2 |
4.7 |
7.2 |
3.3 |
3.6 |
3.2 |
0.2 |
7.5 |
|
Final Consumption |
-2.6 |
8 |
7.7 |
9.9 |
4.5 |
-4 |
3.9 |
2.6 |
7.7 |
1.6 |
0.7 |
-6.2 |
-1.2 |
10.0 |
|
Households |
-4.2 |
9.1 |
8.3 |
8.8 |
5.4 |
-4.5 |
3.8 |
2.4 |
9.1 |
0.9 |
1.0 |
-7.8 |
-1.31 |
9.3 |
|
Non-profit institutions |
-67.9 |
-24.5 |
8.4 |
-6.5 |
15.2 |
27.7 |
21.1 |
95.7 |
8.2 |
2.6 |
-0.3 |
3.9 |
11.1 |
31.6 |
|
General government |
7.8 |
0.2 |
2.8 |
19 |
-1.9 |
-1.2 |
3.9 |
1.9 |
-1.4 |
7.6 |
-1.2 |
4.7 |
-2.4 |
13.1 |
|
Gross capital formation |
-15.8 |
-16 |
5.2 |
26.9 |
12.6 |
-30.9 |
0.5 |
-5.2 |
0.5 |
-9.1 |
-3.0 |
-1.2 |
-8.7 |
13.9 |
|
Net export of goods and services |
-74.2 |
-10.3 |
-1.2 |
11.2 |
26.8 |
-24.3 |
5.1 |
-15.1 |
-14.1 |
-16.2 |
-11.7 |
-46.1 |
-20.6 |
45.0 |
|
Export |
18.5 |
-49.1 |
19 |
15.9 |
-13.1 |
-10.4 |
26.5 |
14.7 |
8.4 |
8.6 |
6.4 |
4.9 |
19.1 |
18.7 |
|
Import |
32.1 |
-31.2 |
7.2 |
14.3 |
7.3 |
-19.2 |
12.8 |
-1.4 |
-2.8 |
-2.1 |
-1.0 |
-15.1 |
7.6 |
24.6 |
Table 3. Nominal GDP by main sectors of economy, bln AMD
|
|
1991* |
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
GDP |
16.0 |
522.3 |
1,031.3 |
2,242.9 |
3,568.2 |
3,141.7 |
3,460.2 |
3,777.9 |
4,266.5 |
4,555.6 |
4,828.6 |
5,043.6 |
5,067.3 |
5,568.9 |
|
Industry |
5.6 |
126.7 |
259.9 |
488.4 |
466.2 |
425.4 |
537.7 |
647.8 |
686.1 |
740.2 |
771.4 |
822.5 |
902.9 |
998.6 |
|
Agriculture |
3.8 |
212.8 |
239.6 |
428.3 |
581.3 |
530.5 |
588.2 |
767.9 |
764.2 |
839.8 |
872.6 |
868.7 |
830.6 |
831.9 |
|
Construction |
1.8 |
34.1 |
105.5 |
440.3 |
903.0 |
584.4 |
599.5 |
491.1 |
501.1 |
476.6 |
448.8 |
474.1 |
393.2 |
409.8 |
|
Trade |
0.7 |
49.8 |
101.8 |
255.2 |
411.5 |
396.2 |
444.7 |
476.7 |
514.9 |
548.6 |
570.4 |
551.5 |
499.0 |
601.3 |
|
Services |
3.3 |
97.4 |
246.4 |
464.2 |
856.0 |
923.1 |
965.2 |
1,078.3 |
1,434.8 |
1,535.6 |
1,719.0 |
1,880.2 |
2,030.1 |
2,256.5 |
|
Other |
0.8 |
1.5 |
78.2 |
166.6 |
350.3 |
282.0 |
324.9 |
316.1 |
365.3 |
414.9 |
446.4 |
446.6 |
411.6 |
470.7 |
| Note: Data are presented: |
| for 2000-2005 by NACE 1.1 classification, 1993 |
| for 2008-2011 by NACE 2 classification, 1993 |
| for 2012-2017 by NACE 2 classification, 2008 |
Table 4. Nominal GDP by expenditure components, bln AMD
|
|
1991* |
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
2017 |
|
GDP |
16.0 |
522.3 |
1,031.3 |
2,242.9 |
3,568.2 |
3,141.7 |
3,460.2 |
3,777.9 |
4,266.5 |
4,555.6 |
4,828.6 |
5,043.6 |
5,067.3 |
5,568.9 |
|
Final Consumption |
12.1 |
613.4 |
1,123.5 |
1,930.0 |
2,918.8 |
2,944.0 |
3,289.5 |
3,649.4 |
4,184.3 |
4,514.9 |
4,714.3 |
4,599.4 |
4,598.6 |
5,113.0 |
|
Households |
9.1 |
554.3 |
997.6 |
1,690.3 |
2,549.4 |
2,518.4 |
2,829.3 |
3,144.5 |
3,700.4 |
3,951.2 |
4,110.2 |
3,916.0 |
3,892.7 |
4,288.7 |
|
Non-profit institutions |
0.1 |
0.8 |
4.1 |
3.0 |
4.3 |
6.6 |
8.0 |
16.5 |
18.4 |
20.0 |
20.5 |
22.1 |
24.1 |
32.1 |
|
General government |
2.9 |
58.3 |
121.8 |
236.6 |
365.0 |
419.0 |
452.3 |
488.4 |
465.5 |
543.7 |
583.6 |
661.3 |
681.8 |
792.2 |
|
Gross capital formation |
6.3 |
96.2 |
192.3 |
683.3 |
1,458.4 |
1,089.2 |
1,137.3 |
1,030.6 |
1,080.6 |
1,014.2 |
1,007.8 |
1,045.6 |
912.9 |
1,059.6 |
|
Net export of goods and services |
-3.1 |
-199.8 |
-280.2 |
-323.4 |
-913.8 |
-864.9 |
-847.3 |
-891.5 |
-888.8 |
-903.7 |
-892.4 |
-612.2 |
-487.6 |
-677.2 |
|
Export |
- |
125 |
241.1 |
646.2 |
536.9 |
486.2 |
720.8 |
897.5 |
1,176.1 |
1,291.9 |
1,379.3 |
1,499.4 |
1,679.7 |
2,077.2 |
|
Import |
- |
324.8 |
521.3 |
969.6 |
1,450.7 |
1,351.0 |
1,568.1 |
1,789.0 |
2,065.0 |
2,195.7 |
2,271.7 |
2,111.5 |
2,167.3 |
2,754.4 |
|
Statistical discrepancy |
0.6 |
12.5 |
-4.2 |
-47.0 |
104.8 |
-26.6 |
-119.4 |
-10.6 |
-109.6 |
-69.8 |
-1.1 |
10.8 |
43.4 |
73.5 |
| Note: Data are presented: |
| for 2000-2011 by NACE 1.1 classification, 1993 |
| for 2012-2017 by NACE 2 classification, 2008 |
Table 5. Nominal GDP by income components, bln AMD
|
|
1991* |
1995 |
2000 |
2005 |
2008 |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2016 |
|
GDP |
16.0 |
522.3 |
1,031.3 |
2,242.9 |
3,568.2 |
3,141.7 |
3,460.2 |
3,777.9 |
4,266.5 |
4,555.6 |
4,828.6 |
5,043.6 |
5,067.3 |
|
Wages |
8.4 |
205.3 |
440.6 |
884.3 |
1,328.4 |
1,207.7 |
1,284.4 |
1,383.9 |
1,471.4 |
1,547.0 |
1,629.6 |
1,734.2 |
1,763.1 |
|
Net Taxes on Production and Import |
1.0 |
26.0 |
109.7 |
230.7 |
455.0 |
383.2 |
441.4 |
466.0 |
514.7 |
566.9 |
614.5 |
599.5 |
569.0 |
|
Net taxes on products |
0.9 |
19.4 |
94.2 |
192.9 |
405.3 |
332.6 |
389.1 |
412.3 |
458.2 |
506.4 |
546.3 |
535.8 |
508.8 |
|
Other net taxes on production |
0.1 |
6.6 |
15.5 |
37.8 |
49.7 |
50.7 |
52.3 |
53.7 |
56.5 |
60.5 |
68.2 |
63.7 |
60.2 |
|
Gross Profit and Gross Mixed Income |
6.6 |
291.0 |
481.0 |
1,127.9 |
1,784.8 |
1,550.7 |
1,734.4 |
1,928.1 |
2,280.4 |
2,441.7 |
2,584.5 |
2,710.0 |
2,735.2 |
|
Consumption of fixed capital |
2.4 |
74.7 |
150.3 |
284.1 |
375.0 |
341.0 |
389.5 |
404.1 |
539.2 |
580.5 |
614.0 |
697.2 |
704.9 |
|
Net profit and net mixed income |
4.2 |
216.3 |
330.7 |
843.8 |
1,409.8 |
1,209.7 |
1,344.9 |
1,524.0 |
1,741.2 |
1,861.2 |
1,970.6 |
2,012.8 |
2,030.3 |
| Note: Data are presented: |
| for 2000-2008 by NACE 1.1 classification, 1993 |
| for 2009-2011 by NACE 2 classification, 1993 |
| for 2012-2016 by NACE 2 classification, 2008 |
