Armenia: Remittances, percent of GDP

* indicates monthly or quarterly data series

Remittances as percent of GDP

 Latest value 10.43
 Year 2022
 Measure percent
 Data availability 1995 - 2022
 Average 13.81
 Min - Max 4.86 - 22.02
 Source The World Bank
For that indicator, we provide data for Armenia from 1995 to 2022. The average value for Armenia during that period was 13.81 percent with a minimum of 4.86 percent in 1995 and a maximum of 22.02 percent in 2004. The latest value from 2022 is 10.43 percent. For comparison, the world average in 2022 based on 173 countries is 5.36 percent. 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 values chart
Armenia - Remittances, percent of GDP - Recent values chart

Historical chart
Armenia - Remittances, percent of GDP - historical chart - 1995-2022

Definition: Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.

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 Related indicators Latest value Reference Measure
 Terms of trade 108.30 2021 percent
 Trade openness 101.01 2022 percent
 Financial openness 1.610 2021 index points
 Exports, percent of GDP 50.01 2022 percent
 Exports, billion dollars 14.09 2023 billion U.S. dollars
 Growth of exports 59.30 2022 percent
 Imports, percent of GDP 50.99 2022 percent
 Imports, billion dollars 14.25 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 5.11 2022 percent
 Foreign Direct Investment, billion dollars 1.00 2022 billion U.S. dollars
 Portfolio investment inflows, equities 0.80 2023 million dollars (current)
 Current account, percent of GDP -4.97 2022 percent
 Current account, in dollars -0.51 2023 billion U.S. dollars
 Trade balance, percent of GDP -0.98 2022 percent
 Trade balance, in dollars -0.15 2023 billion U.S. dollars
 Reserves 4.11 2022 billion U.S. dollars
 Remittances, percent of GDP 10.43 2022 percent
 Remittances 2,034.81 2022 million U.S. dollars
 Net errors and omissions 85.98 2023 million USD
 External debt 78.84 2022 percent
 Short-term external debt 22.03 2022 percent
 Short-term debt to reserves 78.85 2022 percent
 Foreign exchange reserves 4.17 9/2023 billion
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