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Government Finance of Armenia

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Overview Economy Population Trade Government Finance Society Environment

Tax Revenue Composition

25.0% 14.5% 52.8%
  • Personal income taxes: 25.0%
  • Corporate income taxes: 14.5%
  • Social security contributions: 4.1%
  • Goods and services taxes: 52.8%
  • Other taxes: 3.8%
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Personal income taxes
25.0%
Corporate income taxes
14.5%
Social security contributions
4.1%
Goods and services taxes
52.8%
Other taxes
3.8%

Source: OECD Global Revenue Statistics Database, 2023.

Government Debt

Government Gross Debt (% of GDP) 50.6% #98 / 184 2026
Government Gross Debt (Local currency - AMD) 6.22T - 2026
Government Net Debt (% of GDP) No data - -
Government Net Debt (Local currency - AMD) No data - -

Fiscal Balance

Fiscal Balance (% of GDP) -4.5% #135 / 189 2026
Fiscal Balance (Local currency - AMD) -554B - 2026
Primary Fiscal Balance (% of GDP) -1.4% #100 / 182 2026
Primary Fiscal Balance (Local currency - AMD) -167B - 2026

Revenue and Spending

Government Revenue (% of GDP) 25.8% #101 / 189 2026
Government Revenue (Local currency - AMD) 3.17T - 2026
Government Spending (% of GDP) 30.3% #92 / 189 2026
Government Spending (Local currency - AMD) 3.73T - 2026

International Reserves

Total Reserves (USD) 3.69B #106 / 163 2024

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