Bank or similar financial institution account, in laborforce in Armenia

Armenia: Bank or similar financial institution account, in laborforce was 77.6% in 2024. ▲ Rising

Latest (2024)
77.6%
Change on year
up 20.2%
World rank
60th
of 98 countries
All-time high
77.6%
in 2024
All-time low
27.6%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, in laborforce in Armenia, 2011–2024

0204060802011201720242011: 27.6 % age 15+2014: 33.4 % age 15+2017: 62.6 % age 15+2021: 64.6 % age 15+2024: 77.6 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account, in laborforce in Armenia stood at 77.6%. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 20.2% on the previous year and up 132.2% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in Armenia peaked at 77.6% in 2024 and was at its lowest, 27.6%, in 2011.

Armenia ranks 60th of 98 countries on this measure, in the middle of the range.

Bank or similar financial institution account, in laborforce in Armenia, year by year

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in Armenia, 2011 to 2024.
Year % age 15+ Change
2011 27.6%
2014 33.4% +21.1%
2017 62.6% +87.3%
2021 64.6% +3.1%
2024 77.6% +20.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 41.2% 27.6% 62.6% 3
2020s 71.1% 64.6% 77.6% 2

Countries ranked near Armenia

  1. 57 Uruguay 82.0% compare
  2. 58 Costa Rica 81.0% compare
  3. 59 Argentina 78.8% compare
  4. 61 Viet Nam 77.2% compare
  5. 62 Dominican Republic 74.5% compare
  6. 63 Albania 73.0% compare

See the full ranking of 110 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in Armenia?
Bank or similar financial institution account, in laborforce in Armenia was 77.6% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in Armenia?
The highest recorded value was 77.6% in 2024.
What is the lowest bank or similar financial institution account, in laborforce recorded in Armenia?
The lowest recorded value was 27.6% in 2011.
How does Armenia rank for bank or similar financial institution account, in laborforce?
Armenia ranks 60th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in Armenia?
Over the last ten years it is up 132.2%. The long-run trend across the full record is rising.
Where does this Armenia data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, in laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, in laborforce in Armenia. Statizoid. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/armenia/

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About this data

Indicator
Bank or similar financial institution account, in laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed