Armenia—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #17 of 160Updated July 2026
Latest Value
45.2%
2024
YoY Change
+96.1%
2020 → 2024
Global Rank
#17
of 160 countries
Maximum
45.2%
2024
Minimum
5.6%
2002
CAGR
+10.0%
6 years
Last
45.2%
Previous
23.1%
Highest
45.2%
Lowest
5.6%
Source
World Bank World Development Indicators
Armenia's firms using banks to finance investment (%) was 45.2% in 2024, ranking #17 out of 160 countries. This represents a +96.1% change from 2020. Over the past 6 years, the highest recorded value was 45.2% (2024) and the lowest was 5.6% (2002). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 45.2% | +96.1% |
| 2020 | 23.1% | +4.1% |
| 2013 | 22.1% | -30.6% |
| 2009 | 31.9% | -28.4% |
| 2005 | 44.6% | +696.4% |
| 2002 | 5.6% |
Top Countries — Firms Using Banks to Finance Investment (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Israel | 83.2% | 2024 |
| 2 | Kosovo | 65.0% | 2025 |
| 3 | Qatar | 64.4% | 2025 |
| 4 | Saudi Arabia | 57.1% | 2025 |
| 5 | Central African Republic | 56.5% | 2023 |
| 6 | Peru | 54.0% | 2023 |
| 7 | Belgium | 53.3% | 2025 |
| 8 | Uganda | 52.2% | 2025 |
| 9 | Italy | 48.8% | 2024 |
| 10 | Malawi | 47.7% | 2025 |
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.