Armenia—Government Expense (% of GDP)
Armenia's government expense (% of GDP) was 20.9% in 2023, ranking #93 out of 138 countries. This represents a -1.0% change from 2022. Over the past 20 years, the highest recorded value was 26.6% (2020) and the lowest was 17.0% (2004). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 20.9% | -1.0% |
| 2022 | 21.2% | -15.2% |
| 2021 | 25.0% | -6.1% |
| 2020 | 26.6% | +22.2% |
| 2019 | 21.8% | -1.4% |
| 2018 | 22.1% | -2.4% |
| 2017 | 22.6% | -12.0% |
| 2016 | 25.7% | +2.5% |
| 2015 | 25.1% | +4.5% |
| 2014 | 24.0% | +6.0% |
| 2013 | 22.6% | +5.9% |
| 2012 | 21.4% | -5.3% |
| 2011 | 22.6% | -1.9% |
| 2010 | 23.0% | -3.6% |
| 2009 | 23.9% | +12.9% |
| 2008 | 21.1% | +24.0% |
| 2007 | 17.0% | -0.6% |
| 2006 | 17.1% | -5.5% |
| 2005 | 18.1% | +7.0% |
| 2004 | 17.0% |
Top Countries — Government Expense (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Naoero | 103.6% | 2020 |
| 2 | Kiribati | 83.7% | 2023 |
| 3 | Ukraine | 65.6% | 2023 |
| 4 | Marshall Islands | 59.4% | 2020 |
| 5 | Palau | 59.0% | 2020 |
| 6 | Timor-Leste | 52.5% | 2022 |
| 7 | Greece | 47.3% | 2023 |
| 8 | Italy | 47.3% | 2023 |
| 9 | France | 47.3% | 2023 |
| 10 | Austria | 46.0% | 2023 |
About This Indicator
Definition
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Original contributors: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF); World Development Indicators, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD)
Unit
% of GDP