Armenia recorded a Government Budget deficit equal to 2.30 percent of the country's Gross Domestic Product in 2023. Government Budget in Armenia averaged -3.24 percent of GDP from 1995 until 2023, reaching an all time high of -0.70 percent of GDP in 2008 and a record low of -7.50 percent of GDP in 2009. source: Central Bank of Armenia
Government Budget 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 Government Budget is projected to trend around -1.50 percent of GDP in 2025, according to our econometric models.