Armenia - Credit to GDP 2024
64.38%
+8.97% from 2023
Armenia's credit to gdp was 64.38% in 2024, increased +8.97% from 55.40% in 2023. This was the 89th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Somalia, Fed. Rep. | 0.00% | 3.4% |
| 2nd | Sierra Leone | 3.97% | 22.6% |
| 3rd | Haiti | 4.11% | -20.4% |
| 4th | Angola | 7.28% | -3.8% |
| 5th | Niger | 10.20% | -7.8% |
| 6th | Guinea-Bissau | 10.63% | -13.5% |
| 7th | Pakistan | 11.47% | -4.6% |
| 8th | Libya | 13.04% | 6.7% |
| 9th | Iraq | 13.96% | 11.2% |
| 10th | Uganda | 14.30% | -3.5% |
| 11th | Guyana | 14.95% | -25.0% |
| 12th | Argentina | 15.12% | -1.6% |
| 13th | Madagascar | 16.64% | -2.7% |
| 14th | Tanzania | 16.75% | 2.2% |
| 15th | Suriname | 17.02% | 2.5% |
| 16th | Mozambique | 17.60% | -5.0% |
| 17th | Benin | 18.98% | 2.0% |
| 18th | Algeria | 19.03% | 1.0% |
| 19th | Eswatini | 21.62% | 1.5% |
| 20th | Mali | 22.41% | -3.4% |
| 21st | Côte d'Ivoire | 22.52% | 2.8% |
| 22nd | Rwanda | 22.61% | 1.1% |
| 23rd | Romania | 22.73% | -2.2% |
| 24th | Djibouti | 23.10% | 5.9% |
| 25th | Kyrgyz Republic | 23.16% | 16.1% |
| 26th | Ireland | 23.78% | -5.7% |
| 27th | Togo | 25.35% | -2.7% |
| 28th | Lesotho | 25.58% | 2.9% |
| 29th | Azerbaijan | 26.39% | 14.1% |
| 30th | Burkina Faso | 27.16% | -14.9% |
| 31st | Kazakhstan | 27.28% | 4.7% |
| 32nd | Egypt, Arab Republic of | 27.57% | -5.8% |
| 33rd | Senegal | 29.23% | -7.0% |
| 34th | Moldova | 29.33% | 14.7% |
| 35th | Latvia | 29.54% | 3.4% |
| 36th | Nicaragua | 29.73% | -0.9% |
| 37th | Uruguay | 31.08% | 8.8% |
| 38th | Dominican Republic | 31.92% | 3.5% |
| 39th | Hungary | 32.44% | -1.3% |
| 40th | Serbia | 32.64% | -1.2% |
| 41st | Botswana | 32.93% | 9.5% |
| 42nd | Uzbekistan | 33.20% | -3.4% |
| 43rd | Poland | 33.59% | -3.2% |
| 44th | Solomon Islands | 33.68% | -3.2% |
| 45th | Albania | 34.06% | 4.9% |
| 46th | Mexico | 34.59% | 4.3% |
| 47th | Timor-Leste | 34.79% | 46.9% |
| 48th | Tonga | 34.80% | -2.4% |
| 49th | Slovenia | 35.42% | -2.5% |
| 50th | Maldives | 35.69% | -0.4% |
| 51st | Bangladesh | 35.81% | -4.9% |
| 52nd | Lithuania | 35.97% | 4.6% |
| 53rd | Indonesia | 36.39% | 1.1% |
| 54th | St. Vincent and the Grenadines | 36.66% | -7.7% |
| 55th | Guatemala | 36.78% | -0.9% |
| 56th | Brunei Darussalam | 37.71% | 1.7% |
| 57th | Antigua and Barbuda | 38.55% | 1.4% |
| 58th | Dominica | 39.39% | -5.7% |
| 59th | Colombia | 39.53% | -5.1% |
| 60th | Belize | 41.28% | -1.8% |
| 61st | Türkiye | 43.02% | -12.0% |
| 62nd | Jamaica | 45.13% | 1.3% |
| 63rd | Montenegro | 45.27% | 6.8% |
| 64th | Croatia | 46.86% | 0.9% |
| 65th | Bulgaria | 47.07% | 3.8% |
| 66th | Czechia | 48.03% | 0.6% |
| 67th | Bosnia and Herzegovina | 48.27% | 1.9% |
| 68th | Trinidad and Tobago | 48.38% | 6.3% |
| 69th | Greece | 48.54% | -1.4% |
| 70th | Philippines | 49.81% | 3.1% |
| 71st | St. Lucia | 50.72% | 0.2% |
| 72nd | Bhutan | 51.90% | -27.4% |
| 73rd | Costa Rica | 51.96% | 1.6% |
| 74th | North Macedonia | 53.93% | 3.6% |
| 75th | Grenada | 54.85% | 7.6% |
| 76th | Ecuador | 56.18% | 3.1% |
| 77th | Vanuatu | 56.33% | 5.2% |
| 78th | Cyprus | 56.66% | -6.5% |
| 79th | Paraguay | 57.49% | 9.8% |
| 80th | Bolivia, Plurinational State of | 59.24% | -1.6% |
| 81st | Slovak Republic | 59.65% | -2.9% |
| 82nd | Italy | 60.37% | -4.4% |
| 83rd | Estonia | 60.54% | 5.0% |
| 84th | Tunisia | 60.61% | -3.4% |
| 85th | Kosovo | 61.00% | 10.4% |
| 86th | Malta | 61.92% | -3.6% |
| 87th | El Salvador | 62.49% | 0.9% |
| 88th | St. Kitts and Nevis | 63.71% | 3.2% |
| 89th | Armenia | 64.38% | 16.2% |
| 90th | Georgia | 68.08% | 3.1% |
| 91st | Belgium | 68.10% | -1.7% |
| 92nd | West Bank and Gaza | 68.54% | 24.5% |
| 93rd | Mauritius | 69.87% | 0.0% |
| 94th | Samoa | 69.94% | -5.7% |
| 95th | Spain | 74.22% | -5.3% |
| 96th | European Union | 75.58% | -3.7% |
| 97th | Brazil | 75.62% | 6.4% |
| 98th | Portugal | 77.21% | -3.8% |
| 99th | Honduras | 78.22% | 3.4% |
| 100th | Jordan | 80.16% | -2.0% |
| 101st | Austria | 81.77% | -2.8% |
| 102nd | Netherlands | 82.33% | -3.7% |
| 103rd | Luxembourg | 85.14% | -8.6% |
| 104th | Iceland | 90.90% | 2.9% |
| 105th | Finland | 92.03% | -1.3% |
| 106th | Nepal | 92.11% | 0.6% |
| 107th | Chile | 103.39% | -5.6% |
| 108th | France | 107.58% | -4.4% |
| 109th | United Kingdom | 112.66% | -4.5% |
| 110th | Fiji | 115.35% | 1.5% |
| 111th | Malaysia | 116.10% | -0.9% |
| 112th | Qatar | 119.38% | 3.2% |
| 113th | Cambodia | 124.66% | -4.2% |
| 114th | Sweden | 125.52% | -2.8% |
| 115th | Norway | 128.87% | 1.1% |
| 116th | Australia | 129.32% | 1.9% |
| 117th | Macao SAR, China | 129.63% | -11.6% |
| 118th | Denmark | 144.09% | -2.3% |
| 119th | Thailand | 147.98% | -4.0% |
| 120th | Korea | 160.35% | -1.9% |
| 121st | China | 194.17% | 2.4% |
| 122nd | Japan | 196.80% | 0.8% |
| 123rd | United States | 200.88% | 2.7% |
| 124th | Hong Kong SAR, China | 231.04% | -7.1% |
FAQ
What was Armenia's credit to gdp in 2024?▾
Armenia's credit to gdp in 2024 was 64.38%. This ranked 89th globally.
How did Armenia's credit to gdp change in 2024?▾
Armenia's credit to gdp increased by 16.2% in 2024 compared to 2023.
Which country had the highest credit to gdp in 2024?▾
Hong Kong SAR, China had the highest credit to gdp in 2024 at 231.04%.
What is the credit to gdp of Armenia in 2024?▾
The credit to gdp of Armenia in 2024 was 64.38%. This ranked 89th globally.
How does 2024 compare to 2023 for Armenia's credit to gdp?▾
Armenia's credit to gdp went from 55.40% in 2023 to 64.38% in 2024, a 16.2% increase.
Related
2023
2025
All years
Full ranking 2024
Lending Rate
Deposit Rate
Real Interest Rate
M2 Money Supply Growth
Non-Performing Loans
Peak: 2020
Lowest: 2009
Credit to GDP 1990s
Credit to GDP 2000s
Credit to GDP 2010s
Credit to GDP 2020s
Highest ever
Lowest ever
Average
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