Subsidies and other transfers in Armenia
Armenia: Subsidies and other transfers was 1.14 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Armenia recorded 1.14 trillion current LCU for subsidies and other transfers in 2024. That is the highest value across all 21 years on record.
That represents a change of up 40.7% on the previous year and up 140.7% over ten years.
Over the whole period, subsidies and other transfers in Armenia peaked at 1.14 trillion current LCU in 2024 and was at its lowest, 104.02 billion current LCU, in 2004.
That places Armenia 40th out of 153 countries with data for 2024, 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 | 202.54 billion current LCU | 104.02 billion current LCU | 325.89 billion current LCU | 6 |
| 2010s | 444.49 billion current LCU | 306.90 billion current LCU | 600.56 billion current LCU | 10 |
| 2020s | 815.71 billion current LCU | 675.86 billion current LCU | 1.14 trillion current LCU | 5 |
Countries ranked near Armenia
- 37 South Africa 1.34 trillion current LCU compare
- 38 Norway 1.27 trillion current LCU compare
- 39 Philippines 1.16 trillion current LCU compare
- 41 Germany 1.08 trillion current LCU compare
- 42 Sri Lanka 1.04 trillion current LCU compare
- 43 Bangladesh 1.00 trillion current LCU compare
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 subsidies and other transfers in Armenia?
- Subsidies and other transfers in Armenia was 1.14 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Armenia?
- The highest recorded value was 1.14 trillion current LCU in 2024.
- What is the lowest subsidies and other transfers recorded in Armenia?
- The lowest recorded value was 104.02 billion current LCU in 2004.
- How does Armenia rank for subsidies and other transfers?
- Armenia ranks 40th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Armenia?
- Over the last ten years it is up 140.7%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.