Spending by a countrys residents while travelling abroad in Armenia

Armenia: Spending by a countrys residents while travelling abroad was 2.40 billion in 2024. ◆ Volatile

Latest (2024)
2.40 billion
Change on year
up 12.2%
World rank
73rd
of 199 countries
All-time high
2.40 billion
in 2024
All-time low
12.00 million
in 1995
Years of data
30
1995–2024

Spending by a countrys residents while travelling abroad in Armenia, 1995–2024

0500.0M1.0B1.5B2.0B2.5B1995200920241995: 12.0M1996: 26.0M1997: 45.0M1998: 55.0M1999: 51.0M2000: 56.0M2001: 59.0M2002: 85.0M2003: 97.0M2004: 199.0M2005: 255.0M2006: 300.0M2007: 430.0M2008: 494.0M2009: 496.0M2010: 641.0M2011: 756.0M2012: 874.0M2013: 1.0B2014: 1.1B2015: 1.1B2016: 1.0B2017: 1.2B2018: 1.3B2019: 1.5B2020: 301.1M2021: 514.4M2022: 1.5B2023: 2.1B2024: 2.4B

Source: Our World in Data.

Analysis

The most recent figure for spending by a countrys residents while travelling abroad in Armenia is 2.40 billion, measured in 2024. That is the highest value across all 30 years on record.

Compared with earlier readings it is up 12.2% on the previous year and up 118.1% over ten years.

Over the whole period, spending by a countrys residents while travelling abroad in Armenia peaked at 2.40 billion in 2024 and was at its lowest, 12.00 million, in 1995.

That places Armenia 73rd out of 199 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Spending by a countrys residents while travelling abroad in Armenia, year by year

Annual values for Spending by a countrys residents while travelling abroad in Armenia, 1995 to 2024.
Year Value Change
1995 12.00 million —
1996 26.00 million +116.7%
1997 45.00 million +73.1%
1998 55.00 million +22.2%
1999 51.00 million -7.3%
2000 56.00 million +9.8%
2001 59.00 million +5.4%
2002 85.00 million +44.1%
2003 97.00 million +14.1%
2004 199.00 million +105.2%
2005 255.00 million +28.1%
2006 300.00 million +17.6%
2007 430.00 million +43.3%
2008 494.00 million +14.9%
2009 496.00 million +0.4%
2010 641.00 million +29.2%
2011 756.00 million +17.9%
2012 874.00 million +15.6%
2013 1.01 billion +15.2%
2014 1.10 billion +9.3%
2015 1.06 billion -4.0%
2016 1.03 billion -2.3%
2017 1.22 billion +17.9%
2018 1.33 billion +9.6%
2019 1.54 billion +15.6%
2020 301.13 million -80.5%
2021 514.38 million +70.8%
2022 1.45 billion +182.5%
2023 2.14 billion +47.3%
2024 2.40 billion +12.2%

Armenia compared with similar countries

  • Armenia's 2.40 billion is above the median for upper middle income countries, which is 1.09 billion, 2.2× the median. (56 countries reporting)
  • Armenia's 2.40 billion is below the median for Europe & Central Asia, which is 4.98 billion, 48% of the median. (49 countries reporting)

Biggest year-on-year movements

Years where Spending by a countrys residents while travelling abroad in Armenia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2022 +182.5% 514.38 million 1.45 billion

Averages by decade

DecadeAverage LowestHighest Years
1990s 37.80 million 12.00 million 55.00 million 5
2000s 247.10 million 56.00 million 496.00 million 10
2010s 1.06 billion 641.00 million 1.54 billion 10
2020s 1.36 billion 301.13 million 2.40 billion 5

Countries ranked near Armenia

  1. 70 Libya 2.68 billion compare
  2. 71 Croatia 2.67 billion compare
  3. 72 Bangladesh 2.57 billion compare
  4. 74 Bulgaria 2.38 billion compare
  5. 75 Costa Rica 2.13 billion compare
  6. 76 Estonia 2.03 billion compare

See the full ranking of 199 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is spending by a countrys residents while travelling abroad in Armenia?
Spending by a countrys residents while travelling abroad in Armenia was 2.40 billion in 2024, according to Our World in Data.
What is the highest spending by a countrys residents while travelling abroad recorded in Armenia?
The highest recorded value was 2.40 billion in 2024.
What is the lowest spending by a countrys residents while travelling abroad recorded in Armenia?
The lowest recorded value was 12.00 million in 1995.
How does Armenia rank for spending by a countrys residents while travelling abroad?
Armenia ranks 73rd out of 199 countries with data for 2024.
Is spending by a countrys residents while travelling abroad rising or falling in Armenia?
Over the last ten years it is up 118.1%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Our World in Data, published as part of Spending by a countrys residents while travelling abroad. Statizoid updates them automatically from the source API.

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Spending by a countrys residents while travelling abroad in Armenia. Statizoid, drawing on Our World in Data. Retrieved 15 November 2026, from https://reference.statizoid.com/stat/spending-by-a-countrys-residents-while-travelling-abroad/armenia/

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About this data

Indicator
Spending by a countrys residents while travelling abroad
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 4,611 data points, 1995–2024
Last refreshed