ArmInfo. According to the World Bank, the ratio of the current account deficit to the GDP of Armenia in 2019 will reach 7.2%, and the updated forecast for the next two years provides for a decrease - in 2020 to 6.6% and in 2021 to 6.3%. This is noted in the WB economic report published on October 9, "Migration and brain drain. Updating the forecast for GDP growth in Europe and Central Asia" (Migration and Brain Drain. World Bank Europe and Central Asia Economic Update).
In the previous March forecast of the World Bank, expectations on the ratio of the current account deficit to the GDP of Armenia were less restrained: 8.6% in 2019 and 8% in 2020.
The ratio of the current account deficit to the GDP of Armenia expected for 2019 is less than 9.1% actually recorded in 2018, but exceeds the actual 2.4% in 2017. According to the World Bank, in 2018, the absolute value of the current account deficit was expected to be $ 1.018 billion, but the actual indicator was higher - $ 1.131 billion, jumping 4 times year on year (from the actual $ 279.7 million in 2017).
It should be noted that the statistics on the current account of Armenia for 2018 are published quarterly two months after the end of the reporting period. In particular, the statistics committee published data on this indicator for 2018 in March 2019 in a report for January-February. Statistical data on the absolute value of GDP is also published quarterly, after a maximum of 60 days after the end of the reporting period, in particular, the absolute value of GDP at the end of 2018 was published at the end of February 2019.