Armenia Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Armenia's remittances received was $1.5B in 2025, ranked 80th globally. This represents a 20.0% increase from 2024. Data from World Bank, covering 1995–2025.
Overview
Armenia's remittances received stood at $1.5B in 2025, a rise of +$255.5M from 2024. Based on recent trends, this figure is projected to reach $1.5B by 2025. Armenia ranked 80th globally.
Armenia’s remittance inflows have expanded dramatically since the 1995 trough of 71,350,000.00, reaching an all‑time high of 2,192,193,826.95 in 2013 before moderating to 1,533,759,660.72 in 2025, which places the country at rank 80 globally. The 2025 figure is comparable to peer economies such as Denmark (1,581,513,137.22) and Belarus (1,509,089,418.94), underscoring the significance of diaspora transfers for Armenia’s external finance balance. The post‑Soviet period saw a steep climb in remittances as labor migration intensified, while the 2013 peak coincided with a favorable exchange rate and robust employment opportunities abroad. Since then, modest declines reflect tighter labor markets in host countries and the gradual diversification of Armenia’s export base. Continued growth will likely depend on sustained diaspora engagement, improvements in financial inclusion, and policies that reduce transaction costs, suggesting that future inflows could either stabilize at current levels or resume an upward trajectory if these conditions improve.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $1.5B | - | - |
| 2026* trend | $1.5B | - | - |
| 2025* trend | $1.5B | - | - |
| 2025 | $1.5B | +$255.5M | #80 |
| 2024 | $1.3B | −$268.8M | #101 |
| 2023 | $1.5B | −$573.9M | #108 |
| 2022 | $2.1B | +$564.1M | #118 |
| 2021 | $1.6B | +$229.8M | #114 |
| 2020 | $1.3B | −$200.9M | #111 |
| 2019 | $1.5B | +$40.1M | #114 |
| 2018 | $1.5B | −$50.8M | #115 |
| 2017 | $1.5B | +$156.3M | #116 |
| 2016 | $1.4B | −$109.1M | #113 |
| 2015 | $1.5B | −$587.1M | #115 |
| 2014 | $2.1B | −$113.6M | #125 |
| 2013 | $2.2B | +$277.2M | #127 |
| 2012 | $1.9B | +$116.4M | #124 |
| 2011 | $1.8B | +$129.3M | #125 |
Detected Pattern
Analysis
Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Armenia's remittances received was $1.5B in 2025. Ranked 80th globally. This represents a 20.0% increase from the previous year.
Armenia's remittances received peaked at $2.2B in 2013.
The lowest remittances received in Armenia was $71.4M in 1995.
Armenia ranks 80th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Armenia's remittances received is projected to reach $1.5B by 2025 based on trend extrapolation.
Armenia's remittances received was approximately 1.53 billion ($1.5B) in 2025.
The remittances received of Armenia in 2025 was $1.5B. This ranks 80th in the world.
Cite this page
@misc{historysaid_armenia_remittances,
title = {Armenia Remittances Received},
url = {https://historysaid.com/armenia/remittances/},
publisher = {HistorySaid},
year = {2026}
}