Armenia M2 Money Supply Growth
Broad money growth (annual %) FM.LBL.BMNY.ZG
Armenia's m2 money supply growth was 17.95% in 2025, ranked 24th globally. This represents a 31.4% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
Armenia's m2 money supply growth stood at 17.95% in 2025, a rise of +4.29pp from 2024. Based on recent trends, this figure is projected to reach 17.95% by 2025. Armenia ranked 24th globally.
Armenia’s M2 money‑supply growth has moderated sharply from its all‑time peak of 1076.77 % in 1993, the year of post‑Soviet economic transition, to a trough of 2.38 % in 2008, reflecting the global financial crisis and tight domestic monetary policy. Over the 33‑year span the average annual growth has settled at a much higher level, reaching 17.95 % in 2025, which places the country 24th worldwide. This recent pace is comparable to that of Montenegro (18.44 %) and slightly below St. Lucia (18.56 %), indicating that Armenia’s monetary expansion remains vigorous relative to other small or emerging economies. The steep decline from the early 1990s peak suggests a successful stabilization of the financial system, while the resurgence to near‑18 % growth signals renewed credit growth and fiscal stimulus. If inflationary pressures intensify or external financing tightens, the upward trajectory could be tempered; otherwise, the current policy stance points to continued robust expansion of the money supply.
Data & projection
| Year | M2 Money Supply Growth | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 20.69% | - | - |
| 2026* trend | 19.32% | - | - |
| 2025* trend | 17.95% | - | - |
| 2025 | 17.95% | +4.29pp | #24 |
| 2024 | 13.66% | −3.74pp | #74 |
| 2023 | 17.40% | +1.29pp | #102 |
| 2022 | 16.10% | +3.00pp | #107 |
| 2021 | 13.10% | +4.14pp | #86 |
| 2020 | 8.96% | −2.22pp | #41 |
| 2019 | 11.18% | +3.74pp | #108 |
| 2018 | 7.45% | −11.03pp | #79 |
| 2017 | 18.47% | +0.99pp | #135 |
| 2016 | 17.48% | +6.64pp | #129 |
| 2015 | 10.84% | +2.50pp | #93 |
| 2014 | 8.34% | −6.45pp | #72 |
| 2013 | 14.78% | −4.69pp | #108 |
| 2012 | 19.47% | −4.19pp | #128 |
| 2011 | 23.66% | +11.83pp | #137 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw m2 money supply growth improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's m2 money supply growth was 17.95% in 2025. Ranked 24th globally. This represents a 31.4% increase from the previous year.
Armenia's m2 money supply growth peaked at 1,076.77% in 1993.
The lowest m2 money supply growth in Armenia was 2.38% in 2008.
Armenia ranks 24th globally in m2 money supply growth as of 2025.
The World Bank indicator code is FM.LBL.BMNY.ZG. Data sourced from World Bank.
Armenia's m2 money supply growth is projected to reach 17.95% by 2025 based on trend extrapolation.
The m2 money supply growth of Armenia in 2025 was 17.95%. This ranks 24th in the world.
Cite this page
@misc{historysaid_armenia_m2-growth,
title = {Armenia M2 Money Supply Growth},
url = {https://historysaid.com/armenia/m2-growth/},
publisher = {HistorySaid},
year = {2026}
}