Imports of Services (BoP, USD) rose 16.0% to USD 1.95 bil in Armenia in 2017

Imports of Services (BoP, USD) (USD bil)
Economy | Armenia | May 17, 2019
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Imports of services as a part of balance of payment reached 1.95 USD bil in 2017 in Armenia, according to the National Statistical Office. This is 16.0 % more than in the previous year.

Historically, imports of services as a part of balance of payment in Armenia reached an all time high of 1.95 USD bil in 2017 and an all time low of 0.049 USD bil in 1993. When compared to Armenia's main peers, imports of services as a part of balance of payment in Azerbaijan amounted to 8.07 USD bil, 1.97 USD bil in Georgia and 24.1 USD bil in Turkey in 2017.

Armenia has been ranked 107th within the group of 156 countries we follow in terms of imports of services as a part of balance of payment, 6 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Imports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Armenia USD bil 1.38 1.50 1.64 1.73 1.61
Azerbaijan USD bil 5.84 7.43 8.32 10.4 8.67
Bulgaria USD bil 3.57 4.14 4.30 5.63 4.39
Georgia USD bil 1.27 1.45 1.56 1.74 1.68
Greece USD bil 19.6 16.1 16.3 17.0 16.7
Iran USD bil ... ... ... ... ... ... ... ... ...
Iraq USD bil 11.1 13.3 17.6 18.8 17.8
Pakistan USD bil 8.16 8.52 7.95 8.47 8.81
Russia USD bil 91.5 109 128 121 88.8
Turkey USD bil 21.0 21.0 24.6 25.3 22.8
Turkmenistan USD bil ... ... ... ... ... ... ... ... ...