Social contributions in Armenia
Armenia: Social contributions was 8.70 billion current LCU in 2015. ◆ Volatile
Social contributions in Armenia, 2004–2015
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2015, social contributions in Armenia stood at 8.70 billion current LCU. That is the lowest value across all 12 years on record.
Compared with earlier readings it is down 48.8% on the previous year and down 86.4% over ten years.
Over the whole period, social contributions in Armenia peaked at 129.06 billion current LCU in 2012 and was at its lowest, 8.70 billion current LCU, in 2015.
That places Armenia 70th out of 112 countries with data for 2015, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 81.88 billion current LCU | 50.83 billion current LCU | 105.00 billion current LCU | 6 |
| 2010s | 66.86 billion current LCU | 8.70 billion current LCU | 129.06 billion current LCU | 6 |
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 social contributions in Armenia?
- Social contributions in Armenia was 8.70 billion current LCU in 2015, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest social contributions recorded in Armenia?
- The highest recorded value was 129.06 billion current LCU in 2012.
- What is the lowest social contributions recorded in Armenia?
- The lowest recorded value was 8.70 billion current LCU in 2015.
- How does Armenia rank for social contributions?
- Armenia ranks 70th out of 112 countries with data for 2015.
- Is social contributions rising or falling in Armenia?
- Over the last ten years it is down 86.4%. The long-run trend across the full record is volatile.
- 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 Social contributions (current LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Social contributions are actual or imputed contributions payable to social insurance schemes to make provisions for social benefits to be paid. 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.