Armenia`s gross external debt grew by 5.8% in 2017 - to $ 10.5 billion

ArmInfo. Armenia's gross external  debt grew by 5.8% or $ 576.85 million in 2010 to $ 10.529 billion  (against growth of 12% in 2016). According to the National  Statistical Service of the Republic of Armenia, only for the fourth  quarter of 2017 gross external debt increased by 6.3% or $ 628.42  million (against growth of 7.7% in Q4 2016). For 2014-2017 the gross  external debt of Armenia grew by 24.6% or $ 2.1 billion.

In the structure of the gross external debt of Armenia, the largest  share is accounted for by the state administration bodies - 48% or $  5.1 billion with the acceleration of annual growth from 12.8% to  14.8%, but only in the IV quarter - by 10.4% (against growth of 4, 8%  in the fourth quarter of 2016). Moreover, long-term loans dominate in  the debt of government bodies, the share of which in annual terms  jumped from 77.3% to 99.9%. The second place in terms of external  debt is held by banks - 18.9% or $ 1.994 billion with an annual  decline of 14.4%, but only in the fourth quarter - by 0.5% (against  annual growth of 9.5% and quarterly growth - by 13% , 9% in 2016).  Moreover, long-term loans prevail in the external debt of banks, the  share of which increased in the annual section from 45.9% to 66.4% ($  1.3 billion). The third place is occupied by the private sector,  whose share in the gross external debt decreased from 15.5% to 13.7%  ($ 1.4 billion), with an annual decline of 6.7%, with growth for the  fourth quarter by 7% (against annual growth of 6.2% and quarterly -  6.2% in 2016), with long-term loans continuing to dominate - 84.8% or  $ 1.2 billion (against 87.1% in 2016). The fourth place is occupied  by inter-company loans, the share of which in the gross external debt  increased from 10.5% to 12.4% ($ 1.3 billion) with the acceleration  of the annual growth of the absolute value from 10.6% to 24.5%, but  only in the fourth quarter - by 6% (against growth of 13% in the  fourth quarter of 2016). The share of the Central Bank in the gross  external debt increased from 6.3% to 7% ($ 734 million) during the  year with the acceleration of the annual growth of the absolute value  from 4.2% to 17.3%, and only in the fourth quarter - by a decline of  1.2% % (against a similar decline in the fourth quarter of 2016), and  in the Central Bank's debt the lion's share is long-term loans -  99.8% or $ 732.5 million.

As a result of an increase in gross external debt for 2017 by 5.8%  and a decline in gross external assets by 0.5% (to $ 4.9 billion),  net external debt increased by 11.9% (to $ 5.6 billion). Only for the  fourth quarter of 2017 gross external assets increased by 2%, which  increased by 6.3% in gross external debt, and net foreign debt  increased by 10.4%.

In 2016 gross external debt of Armenia grew by 12%, gross external  assets - by 22.5%, resulting in net external debt increased by 2.4%.  In the structure of the gross external debt of Armenia, the largest  share was accounted for by the state administration bodies - 44.3%,  and then follows: banks - 23.4%; the private sector - 15.5%;  inter-firm loans - 10.5%; The Central Bank of Armenia - 6.3%. In  2015, gross external debt of Armenia grew by 6%, gross external  assets - by 5.3%, as a result of which net external debt increased by  6.5%. In 2015, the structure of gross external debt of Armenia was  distributed as follows: public administration bodies - 43.2%; banks -  23.6%; the private sector - 16.8%; inter-company loans - 10.1%; The  Central Bank of Armenia - 6,7%.