Armenia Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Armenia's credit to gdp was 54.67% in 2025, ranked 56th globally. This represents a 15.1% decrease from 2024. Data from World Bank, covering 2009–2025.
Overview
Armenia's credit to gdp stood at 54.67% in 2025, a decline of +9.71% from 2024. Based on recent trends, this figure is projected to reach 54.67% by 2025. Armenia ranked 56th globally.
Armenia's credit to GDP ratio, a key indicator of a country's financial health, has experienced significant fluctuations over the past 17 years. The ratio peaked in 2020 at 72.19, a substantial increase from the 2009 trough of 24.85, indicating a notable expansion of credit in the country. However, by 2025, the ratio had declined to 54.67, falling behind some of its peer countries, such as Bolivia, which ranked 56.05 globally. This decline suggests that Armenia's financial sector may be experiencing a period of consolidation. Despite the decrease from its peak, Armenia's credit to GDP ratio remains higher than its 2009 level, indicating a more developed financial system. As the global economy continues to evolve, a significant increase in foreign investment or a substantial improvement in Armenia's economic growth rate could potentially alter the trajectory of its credit to GDP ratio, potentially pushing it towards the higher end of the global rankings.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 50.29% | - | - |
| 2026* trend | 52.48% | - | - |
| 2025* trend | 54.67% | - | - |
| 2025 | 54.67% | −9.71% | #56 |
| 2024 | 64.38% | +8.97% | #89 |
| 2023 | 55.40% | +2.85% | #96 |
| 2022 | 52.55% | −9.12% | #96 |
| 2021 | 61.67% | −10.52% | #108 |
| 2020 | 72.19% | +12.04% | #118 |
| 2019 | 60.16% | +4.65% | #120 |
| 2018 | 55.50% | +3.96% | #111 |
| 2017 | 51.54% | +2.67% | #107 |
| 2016 | 48.88% | +3.24% | #98 |
| 2015 | 45.63% | −3.29% | #88 |
| 2014 | 48.92% | +6.54% | #96 |
| 2013 | 42.38% | +2.32% | #94 |
| 2012 | 40.06% | +4.69% | #88 |
| 2011 | 35.37% | +6.92% | #82 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's credit to gdp was 54.67% in 2025. Ranked 56th globally. This represents a 15.1% decrease from the previous year.
Armenia's credit to gdp peaked at 72.19% in 2020.
The lowest credit to gdp in Armenia was 24.85% in 2009.
Armenia ranks 56th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Armenia's credit to gdp is projected to reach 54.67% by 2025 based on trend extrapolation.
The credit to gdp of Armenia in 2025 was 54.67%. This ranks 56th in the world.
Cite this page
@misc{historysaid_armenia_credit-to-gdp,
title = {Armenia Credit to GDP},
url = {https://historysaid.com/armenia/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}