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Armenia Private Credit (% GDP)

Armenia's private credit (% GDP) rose to 64.8% in 2024, up from 55.64% in 2023, according to World Bank. This represents an increase of 9.16% from the previous year. Armenia has private credit (% GDP) higher than the global median (64.80% vs median 39.47%). Compared with the median in Asia, Armenia is higher (64.80% vs regional median 59.91%) and ranks 20th out of 41 countries in Asia.

Yearly Historical Data (2009-2024)

(in %)
Year Private Credit (% GDP)
2024 64.8%
2023 55.64%
2022 52.55%
2021 61.67%
2020 72.19%
2019 60.16%
2018 55.5%
2017 51.54%
2016 48.88%
2015 45.63%
2014 48.92%
2013 42.38%
2012 40.06%
2011 35.37%
2010 28.45%
2009 24.85%
Armenia Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Armenia.
Indicator Last Value Prior Value Period
Refinancing Rate 6.75% 6.75% Sep'25