Armenia: Savings, percent of GDP

* indicates monthly or quarterly data series
 Armenia

Savings as percent of GDP

 Latest value 19.18
 Year 2023
 Measure percent
 Data availability 1993 - 2023
 Average 12.87
 Min - Max -5.44 - 28.60
 Source The World Bank
The latest value from 2023 is 19.18 percent, a decline from 20.07 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Armenia from 1993 to 2023 is 12.87 percent. The minimum value, -5.44 percent, was reached in 1993 while the maximum of 28.6 percent was recorded in 2007. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Armenia - Savings, percent of GDP - Recent values chart

Historical series
Armenia - Savings, percent of GDP - historical chart - 1993-2023




The savings in Armenia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

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 Related indicators Latest Reference Measure
 Share of industry 23.37 2023 percent
 Share of manufacturing 10.56 2023 percent
 Share of services 59.43 2023 percent
 Industry value added 5.63 2023 billion U.S. dollars
 Manufacturing value added 2.54 2023 billion U.S. dollars
 Services value added 14.31 2023 billion U.S. dollars
 Savings, percent of GDP 19.18 2023 percent
 Savings, in dollars 4.57 2023 billion U.S. dollars
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