Foreign debt rose 10.8% to USD 11,887 bil in Armenia in 2019, according to the National Statistical Office.
Historically, foreign debt in Armenia reached an all time high of USD 11,887 bil in 2019 and an all time low of USD 134 bil in 1993. When compared to Armenia's main peers, foreign debt in Azerbaijan amounted to USD 15,840 bil, USD 17,312 bil in Georgia, USD 4,834 bil in Iran and USD 440,783 bil in Turkey in 2019.
Armenia has been ranked 59th within the group of 110 countries we follow in terms of foreign debt, 4 places above the position seen 10 years ago.
| Foreign Debt (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Armenia | USD bil | 8,831 | 9,856 | 10,228 | 10,726 | 11,884 | ||||||||||||||||
| Azerbaijan | USD bil | 13,319 | 14,590 | 15,301 | 16,211 | 15,843 | ||||||||||||||||
| Bulgaria | USD bil | 40,379 | 39,994 | 40,989 | 40,103 | 40,501 | ||||||||||||||||
| Georgia | USD bil | 14,875 | 16,320 | 16,424 | 17,326 | 18,757 | ||||||||||||||||
| Greece | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Iran | USD bil | 6,456 | 6,058 | 6,819 | 5,774 | 4,855 | ||||||||||||||||
| Iraq | USD bil | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | 19,127 | 23,359 | 28,103 | 27,790 | 27,468 | ||
| Pakistan | USD bil | 68,614 | 75,052 | 91,662 | 99,224 | 107,883 | ||||||||||||||||
| Russia | USD bil | 492,191 | 535,225 | 519,203 | 477,785 | 485,793 | ||||||||||||||||
| Turkey | USD bil | 400,058 | 410,026 | 457,282 | 447,923 | 444,540 | ||||||||||||||||
| Turkmenistan | USD bil | 7,004 | 8,167 | 8,650 | 8,160 | 6,516 |
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