Tax revenue in Armenia
Armenia: Tax revenue was 2.28 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Armenia, 2004–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Armenia is 2.28 trillion current LCU, measured in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 7.3% on the previous year and up 118.6% over ten years.
Over the whole period, tax revenue in Armenia peaked at 2.28 trillion current LCU in 2024 and was at its lowest, 267.04 billion current LCU, in 2004.
That places Armenia 39th out of 157 countries with data for 2024, putting it in the top quarter.
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 | 435.05 billion current LCU | 267.04 billion current LCU | 618.08 billion current LCU | 6 |
| 2010s | 1.00 trillion current LCU | 590.66 billion current LCU | 1.46 trillion current LCU | 10 |
| 2020s | 1.83 trillion current LCU | 1.35 trillion current LCU | 2.28 trillion current LCU | 5 |
Countries ranked near Armenia
- 36 Sri Lanka 2.72 trillion current LCU compare
- 37 Bangladesh 2.70 trillion current LCU compare
- 38 Burkina Faso 2.62 trillion current LCU compare
- 40 Rwanda 2.25 trillion current LCU compare
- 41 Kenya 2.11 trillion current LCU compare
- 42 South Africa 1.90 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 tax revenue in Armenia?
- Tax revenue in Armenia was 2.28 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Armenia?
- The highest recorded value was 2.28 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Armenia?
- The lowest recorded value was 267.04 billion current LCU in 2004.
- How does Armenia rank for tax revenue?
- Armenia ranks 39th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Armenia?
- Over the last ten years it is up 118.6%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.