Foreign Debt (USD) rose 3.81% to USD 10,335 bil in Armenia in 2017

Foreign Debt (USD) (USD bil)
Economy | Armenia | May 17, 2019
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Foreign debt reached 9,956 USD bil in 2016 in Armenia, according to the National Statistical Office. This is 3.67 % less than in the previous year.

Historically, foreign debt in Armenia reached an all time high of 10,335 USD bil in 2017 and an all time low of 134 USD bil in 1993. When compared to Armenia's main peers, foreign debt in Azerbaijan amounted to 15,016 USD bil, 15,820 USD bil in Georgia, 5,448 USD bil in Iran and 409,016 USD bil in Turkey in 2016.

Armenia has been ranked 58th within the group of 111 countries we follow in terms of foreign debt, 18 places above the position seen 10 years ago.

Foreign (or external) debt is that part of the total debt in a country that is owed to creditors outside the country.

Foreign Debt (USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Armenia USD bil 7,411 7,641 8,681 8,556 8,931
Azerbaijan USD bil 7,760 10,918 10,700 12,350 13,758
Bulgaria USD bil 47,642 51,299 51,473 46,889 40,115
Georgia USD bil 10,818 12,125 13,103 13,657 14,375
Greece USD bil ... ... ... ... ... ... ... ... ...
Iran USD bil 17,260 7,472 6,994 5,797 6,373
Iraq USD bil ... ... ... ... ... ... ... ... ...
Pakistan USD bil 64,469 62,066 58,012 61,549 65,818
Russia USD bil 544,318 591,796 668,469 549,603 467,699
Turkey USD bil 305,570 338,827 390,350 406,081 399,966
Turkmenistan USD bil 454 504 507 411 403