Armenia—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #135 of 192Updated August 2026
Latest Value
-1.3%
2031
YoY Change
+27.8%
2030 → 2031
Global Rank
#135
of 192 countries
Maximum
-1.0%
2019
Minimum
-7.7%
2009
Last
-1.3%
Previous
-1.8%
Highest
-1.0%
Lowest
-7.7%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Armenia's fiscal balance (% of GDP) was -4.5% in 2026, ranking #135 out of 192 countries. This represents a +27.8% change from 2030. Over the past 22 years, the highest recorded value was -1.0% (2019) and the lowest was -7.7% (2009). The IMF WEO projects -1.3% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -1.3% | +27.8% |
| 2030 | -1.8% | +21.7% |
| 2029 | -2.3% | +20.7% |
| 2028 | -2.9% | +17.1% |
| 2027 | -3.5% | +22.2% |
| 2026 | -4.5% | -21.6% |
| 2025 | -3.7% | +0.0% |
| 2024 | -3.7% | -85.0% |
| 2023 | -2.0% | +4.8% |
| 2022 | -2.1% | +54.3% |
| 2021 | -4.6% | +14.8% |
| 2020 | -5.4% | -440.0% |
| 2019 | -1.0% | +44.4% |
| 2018 | -1.8% | +61.7% |
| 2017 | -4.7% | +16.1% |
| 2016 | -5.6% | -16.7% |
| 2015 | -4.8% | -152.6% |
| 2014 | -1.9% | -18.7% |
| 2013 | -1.6% | -6.7% |
| 2012 | -1.5% | +48.3% |
| 2011 | -2.9% | +42.0% |
| 2010 | -5.0% | +35.1% |
| 2009 | -7.7% | -327.8% |
| 2008 | -1.8% | +21.7% |
| 2007 | -2.3% | -15.0% |
| 2006 | -2.0% | +0.0% |
| 2005 | -2.0% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -4.5% | -21.6% |
| 2027Forecast | -3.5% | +22.2% |
| 2028Forecast | -2.9% | +17.1% |
| 2029Forecast | -2.3% | +20.7% |
| 2030Forecast | -1.8% | +21.7% |
| 2031Forecast | -1.3% | +27.8% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP