Armenia Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Armenia's interest payments to revenue was 12.25% in 2025, ranked 31st globally. This represents a 2.7% decrease from 2024. Data from World Bank, covering 2004–2025.
Overview
Armenia's interest payments to revenue stood at 12.25% in 2025, a decline of +0.35pp from 2024. Based on recent trends, this figure is projected to reach 12.25% by 2025. Armenia ranked 31st globally.
Armenia’s interest payments as a share of revenue have risen sharply over the 22‑year series, moving from a low of 2.72% in 2004 to a peak of 12.60% in 2024 and settling at 12.25% in 2025, which places the country 31st globally. The steep climb began after the all‑time trough of 1.33% recorded in 2008, reflecting a tightening fiscal space as debt service costs accelerated amid higher borrowing rates and expanded public debt. By contrast, peer economies such as Papua New Guinea (12.72%) and Burkina Faso (11.94%) exhibit similar burdens, suggesting that Armenia’s trajectory aligns with a broader group of emerging markets facing rising interest obligations. The sustained high level of interest payments limits fiscal flexibility and may crowd out spending on social and investment programmes unless debt composition is restructured or revenue bases are broadened. Continued monitoring of debt‑service dynamics and reforms to improve revenue mobilisation will be crucial to altering the upward trend in the coming years.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 13.07% | - | - |
| 2026* trend | 12.66% | - | - |
| 2025* trend | 12.25% | - | - |
| 2025 | 12.25% | −0.35pp | #31 |
| 2024 | 12.60% | +1.49pp | #19 |
| 2023 | 11.11% | +1.25pp | #70 |
| 2022 | 9.86% | −1.09pp | #79 |
| 2021 | 10.94% | +0.30pp | #94 |
| 2020 | 10.65% | +0.68pp | #99 |
| 2019 | 9.96% | −0.22pp | #97 |
| 2018 | 10.18% | +0.57pp | #96 |
| 2017 | 9.61% | +1.37pp | #101 |
| 2016 | 8.24% | +2.06pp | #88 |
| 2015 | 6.19% | +1.08pp | #76 |
| 2014 | 5.11% | +0.81pp | #66 |
| 2013 | 4.29% | +0.17pp | #52 |
| 2012 | 4.12% | +0.27pp | #52 |
| 2011 | 3.85% | +0.12pp | #47 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's interest payments to revenue was 12.25% in 2025. Ranked 31st globally. This represents a 2.7% decrease from the previous year.
Armenia's interest payments to revenue peaked at 12.60% in 2024.
The lowest interest payments to revenue in Armenia was 1.33% in 2008.
Armenia ranks 31st globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Armenia's interest payments to revenue is projected to reach 12.25% by 2025 based on trend extrapolation.
The interest payments to revenue of Armenia in 2025 was 12.25%. This ranks 31st in the world.
Cite this page
@misc{historysaid_armenia_interest-to-revenue,
title = {Armenia Interest Payments to Revenue},
url = {https://historysaid.com/armenia/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}