Current Account in Armenia
Armenia - Current Account (billions of U.S. Dollars)
Available data suggests that the economy remained subdued in Q3, after the outbreak of the Covid-19 pandemic and related containment measures crushed demand in Q2. Although the pace of contraction in economic activity moderated in Q3 compared to Q2, it still remained stark as the services sector continued to languish. Additionally, coronavirus infections started to rise rapidly in mid-September, and accelerated further through October. This, coupled with renewed fighting in the Armenia–Azerbaijan military conflict over the Nagorno-Karabakh region, as internationally-backed ceasefires have failed to take hold, bodes ill for general activity in Q4. Meanwhile, in early October, Fitch Ratings downgraded the country’s credit rating to B+ from BB- on a higher-than-expected public debt trajectory ahead.Armenia - Current Account (USD bn) Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account Balance (USD bn) | -0.3 | -0.2 | -0.3 | -1.2 | -1.1 |
Armenia Current Account (USD bn) Chart
Source: National Statistical Service of Armenia
Armenia Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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