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Armenia Tax Revenue

Tax revenue as % of GDP  GC.TAX.TOTL.GD.ZS

Armenia's tax revenue was 22.51% in 2025, ranked 25th globally. This represents a 0.6% increase from 2024. Data from World Bank, covering 2004–2025.

22.51% +0.14% (+0.6%)
Year 2025 Rank #25 Global Peak 22.51% (2025) Source World Bank

Armenia Tax Revenue (2004–2025)

Overview

Armenia's tax revenue stood at 22.51% in 2025, a rise of +0.14% from 2024. Based on recent trends, this figure is projected to reach 22.51% by 2025. Armenia ranked 25th globally.

Armenia’s tax revenue as a share of GDP reached 22.51 percent in 2025, placing the country 25th in the world and marking an all‑time peak that surpasses its 2004 trough of 14.00 percent. Over the 22‑year span from 2004 to 2025 the trajectory has been upward, reflecting successive reforms that broadened the tax base and improved compliance. The 2025 level is comparable to peers such as the Kyrgyz Republic (22.75 percent) and El Salvador (22.46 percent), suggesting that Armenia has joined a group of emerging economies that have achieved tax‑to‑GDP ratios above the global median. The sustained rise indicates that further enhancements in administration and the expansion of higher‑value sectors could keep the ratio on an upward path, while any reversal in fiscal policy or external shocks could temper the momentum.

Data & projection

Year Tax Revenue YoY change Rank
2027* trend 22.79% - -
2026* trend 22.65% - -
2025* trend 22.51% - -
2025 22.51% +0.14% #25
2024 22.37% −0.02% #23
2023 22.39% +0.56% #79
2022 21.83% −0.17% #87
2021 22.00% +0.14% #103
2020 21.86% −0.42% #109
2019 22.29% +1.42% #108
2018 20.87% +0.09% #99
2017 20.78% −0.50% #104
2016 21.28% +0.35% #104
2015 20.93% −0.67% #108
2014 21.60% +0.01% #108
2013 21.59% +4.09% #102
2012 17.49% +0.27% #78
2011 17.22% +0.15% #74
Show all years (2004-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +27.3% GDP growth 12.6% C/A balance 0.7%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Armenia matched the Export Boom Cycle pattern in 2022. Historically, 71% of countries showing this pattern (546 out of 768) saw tax revenue improve within 24 months. View full analysis →

Frequently Asked Questions

What is Armenia's tax revenue?▾

Armenia's tax revenue was 22.51% in 2025. Ranked 25th globally. This represents a 0.6% increase from the previous year.

What was the highest tax revenue in Armenia?▾

Armenia's tax revenue peaked at 22.51% in 2025.

What was the lowest tax revenue in Armenia?▾

The lowest tax revenue in Armenia was 14.00% in 2004.

How does Armenia rank in tax revenue?▾

Armenia ranks 25th globally in tax revenue as of 2025.

What is the World Bank indicator code for tax revenue?▾

The World Bank indicator code is GC.TAX.TOTL.GD.ZS. Data sourced from World Bank.

What is the projected tax revenue of Armenia in 2025?▾

Armenia's tax revenue is projected to reach 22.51% by 2025 based on trend extrapolation.

What is the tax revenue of Armenia in 2025?▾

The tax revenue of Armenia in 2025 was 22.51%. This ranks 25th in the world.

Cite this page

APA
Armenia Tax Revenue. HistorySaid. Retrieved October 31, 2026, from https://historysaid.com/armenia/tax-revenue/
BibTeX
@misc{historysaid_armenia_tax-revenue, title = {Armenia Tax Revenue}, url = {https://historysaid.com/armenia/tax-revenue/}, publisher = {HistorySaid}, year = {2026} }
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