Expense in Armenia
Armenia: Expense was 1.99 trillion current LCU in 2023. ▲ Rising
Expense in Armenia, 2004–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for expense in Armenia is 1.99 trillion current LCU, measured in 2023. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 10.5% on the previous year and up 92.8% over ten years.
Over the whole period, expense in Armenia peaked at 1.99 trillion current LCU in 2023 and was at its lowest, 323.51 billion current LCU, in 2004.
Armenia ranks 46th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 537.78 billion current LCU | 323.51 billion current LCU | 754.31 billion current LCU | 6 |
| 2010s | 1.13 trillion current LCU | 795.75 billion current LCU | 1.42 trillion current LCU | 10 |
| 2020s | 1.79 trillion current LCU | 1.64 trillion current LCU | 1.99 trillion current LCU | 4 |
Countries ranked near Armenia
More public sector data for Armenia
- Arms imports 21.00 million SIPRI trend indicator values (2024)
- Tax revenue 22.4% (2024)
- Taxes on income, profits and capital gains 39.6% (2024)
- Taxes on goods and services 48.2% (2024)
- Net investment in nonfinancial assets 5.3% (2024)
- Net lending (+) / net borrowing (-) -3.6% (2024)
- Interest payments 12.6% (2024)
- Grants and other revenue 8.4% (2024)
- Interest payments 12.7% (2023)
- Other taxes 0.7% (2024)
Frequently asked questions
- What is expense in Armenia?
- Expense in Armenia was 1.99 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Armenia?
- The highest recorded value was 1.99 trillion current LCU in 2023.
- What is the lowest expense recorded in Armenia?
- The lowest recorded value was 323.51 billion current LCU in 2004.
- How does Armenia rank for expense?
- Armenia ranks 46th out of 157 countries with data for 2023.
- Is expense rising or falling in Armenia?
- Over the last ten years it is up 92.8%. The long-run trend across the full record is rising.
- Where does this Armenia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.