Armenia's National Debt Hits US$7.967 Billion
Armenia’s national debt, how much the government owes it creditors, rose by US$30 million in August and now stands at $7.967 billion.
The country’s external debt now stands at $6.057 billion and the domestic debt at $1.910 billion.
At the end of 2019, Armenia’s national debt amounted to $7.324 billion.
Most analysts believe the ratio of debt to gross domestic product is more important that the dollar amount of debt.
Armenia's government debt accounted for 53.5 % of the country's Nominal GDP in Dec 2019, compared with the ratio of 55.7 % in the previous year.