Thursday, August 18 2022 14:15

ArmInfo.As of July 1, 2022, the per capita debt reached $3,400 against $3,000 last year, with per capita foreign debt being $2,200 against $2,300, and per capita  internal debt $1,200 against $740. Armenia's population was 2.962mln  (2,700 fewer that last year). 

As of July 1, 2022, 53.1% Armenia's foreign debt was covered with  gold and foreign currency reserves against 46.6% amid a 2.7% decrease  in the foreign debt and a 10.8% increase in reserves. As of July 1,  2021, the foreign debt showed an 11.6% increase, with a 17.6%  increase in reserves. 

As of July 1, 2022, Armenia's national debt reached $9, 932mln (AMD  4,100bln), a 12% increase against an 11.4% increase last year. The  cause is an accelerated increase in the country's internal, with an  expected decrease in the internal debt. Armenia's foreign debt showed  a 2.7% decrease against an 11.6% increase, totaling $6.496bln (AMD  2,700bln), with an accelerating increase in the internal debt - 56.8%  against 26.1% - up to $3.436bln (AMD 1,400bln). 

In the first half of 2022, Armenia's national debt showed a 7.7%  increase due to a 33.3% increase in the country's internal debt, with  a 2.3% decrease in the foreign debt. In the corresponding period last  year, all the three figures showed an increase 11.3%, 10.2% and 14.8%  respectively. 

In the second quarter of 2022, the national debt showed a 6.1%  increase against 1.4% due to a 26.7% increase in the internal debt  against 5.2%, with a 2.2% decrease in the foreign debt against 0.1%.  In the 2nd quarter of last year, a 2.5% increase in the national debt  was recorded against 8.6%, with a 0.6% decrease in the foreign debt  against a 10.9% increase. Thee internal debt showed a 13.1% increase  against a 1.1% increase.  

As of the end of the first half of 2022, the government's share in  thee foreign debt structure was 91.7% against 93%. The Central Bank's  share was 8.3% against 7% last year - $5.954bln and $541.9mln  respectively. Specifically, the government's foreign debt showed a  4.1% decrease against a 12.7% increase, and that of the Central Bank,  a 15.8% increase against a 1.5% decrease. 

As of the end of the first half of 2022, the share of government  bonds in the internal debt was 92% against 95.3% last year (AMD  3,100bln or $3.2bln), with the share of their absolute value being a  51.4% against 30.8%. The share of Armenian Eurobonds in thee internal  debt was 7.7% against 4.7% - $263.96mln or AMD 107.8bln, with a  2.5-fold increase in their absolute value (against a 26.2% decrease  last year). 

The GDP/national debt ratio was 63.4% against 67.4% in 2020, with a  15.8% increase in the national debt and a 5.7% increase in the GDP.   In 2021, the national debt ratio/GDP ratio was 45.7% against 51.2% in  2020, with a 9.8% increase in the foreign debt. This May, the IMF  forecast a 67.7% ratio of Armenia's national debt to the GDP for  2022, and according to the WB's April forecast it will be 66.9% and  will reach 67.6% in 2023 and decrease to 66.6% in 2024. In their  later forecasts, this June, both the IMF and the WB improved their  expectations - 5% and 3.5% respectively against the previous 1.5% and  1.2%. Armenia's Central Bank improved its forecast for 2022 - 4.9%  GDP growth against 1.6% - after 5.7% economic growth in 2021 against  a 7.2% decline in 2020.