Armenia recorded a Current Account deficit of 3.40 percent of the country's Gross Domestic Product in 2023. Current Account to GDP in Armenia averaged -8.84 percent of GDP from 1995 until 2023, reaching an all time high of 0.10 percent of GDP in 2022 and a record low of -22.00 percent of GDP in 1998. source: Central Bank of Armenia
Current Account to GDP in Armenia is expected to reach -2.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Armenia Current Account to GDP is projected to trend around -2.80 percent of GDP in 2025 and -3.20 percent of GDP in 2026, according to our econometric models.