Bank or similar financial institution account, out of laborforce in Armenia

Armenia: Bank or similar financial institution account, out of laborforce was 64.0% in 2024. ◆ Volatile

Latest (2024)
64.0%
Change on year
up 73.7%
World rank
53rd
of 98 countries
All-time high
64.0%
in 2024
All-time low
6.9%
in 2014
Years of data
5
2011–2024

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

02040602011201720242011: 11.6 % age 15+2014: 6.9 % age 15+2017: 33.1 % age 15+2021: 36.8 % age 15+2024: 64 % age 15+

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

Analysis

The most recent figure for bank or similar financial institution account, out of laborforce in Armenia is 64.0%, measured in 2024. That is the highest value across all 5 years on record.

The figure is up 73.7% on the previous year and up 829.8% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in Armenia peaked at 64.0% in 2024 and was at its lowest, 6.9%, in 2014.

Armenia ranks 53rd of 98 countries on this measure, in the middle of the range.

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

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in Armenia, 2011 to 2024.
Year % age 15+ Change
2011 11.6%
2014 6.9% -40.8%
2017 33.1% +381.4%
2021 36.8% +11.2%
2024 64.0% +73.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 17.2% 6.9% 33.1% 3
2020s 50.4% 36.8% 64.0% 2

Countries ranked near Armenia

  1. 50 Poland 67.8% compare
  2. 51 Saudi Arabia 67.0% compare
  3. 52 Serbia 67.0% compare
  4. 54 Argentina 62.8% compare
  5. 55 Bosnia and Herzegovina 61.6% compare
  6. 56 Uruguay 61.5% 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, out of laborforce in Armenia?
Bank or similar financial institution account, out of laborforce in Armenia was 64.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in Armenia?
The highest recorded value was 64.0% in 2024.
What is the lowest bank or similar financial institution account, out of laborforce recorded in Armenia?
The lowest recorded value was 6.9% in 2014.
How does Armenia rank for bank or similar financial institution account, out of laborforce?
Armenia ranks 53rd out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in Armenia?
Over the last ten years it is up 829.8%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in Armenia. Statizoid. Retrieved 11 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/armenia/

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About this data

Indicator
Bank or similar financial institution account, out of 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