Bank Branch Density Statistics in Armenia (2026)
As of 2023, commercial bank branch density in Armenia was 24.7 per 100,000 adults, per World Bank World Development Indicators data. Down from 26 per 100,000 adults in 2022 to 24.7 per 100,000 adults in 2023. Armenia ranks #15 of 46 economies in Europe & Central Asia on this measure, and #25 of 172 globally.
Key Statistics
- Latest value (2023)
- 24.7 per 100,000 adults (2023)
- Bank Branch Density in Armenia as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −5.1% (2023)
- Down from 26 per 100,000 adults in 2022 to 24.7 per 100,000 adults in 2023.
- CAGR 2004–2023
- +4.5% per year (2023)
- Compound annual growth rate from 10.8 per 100,000 adults in 2004 to 24.7 per 100,000 adults in 2023.
- Earliest value in this dataset (2004)
- 10.8 per 100,000 adults (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 10.8 per 100,000 adults in 2004 to 24.7 per 100,000 adults in 2023.
- Peak value (2022)
- 26 per 100,000 adults (2022)
- Highest value in the available series; the 2023 value is 24.7 per 100,000 adults.
- Rank in Europe & Central Asia
- #15 of 46 (2023)
- Armenia ranks 15 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #25 of 172 (2023)
- Armenia ranks 25 of 172 countries with data globally.
- Europe & Central Asia average
- 23.6 per 100,000 adults (2023)
- Armenia (24.7 per 100,000 adults) is above the average of 23.6 per 100,000 adults across the 46 countries in Europe & Central Asia with data.
- Projected 2026 value
- 25.2 per 100,000 adults (2026)
- Projection based on 7-year trend (CAGR 0.7%); not an official figure.
- Number of commercial bank branches per 100,000 adults (2024)
- 22.7 per 100,000 adults (2024)
- Related indicator from IMF Financial Access Survey (alternative source for cross-checking; not merged with the main series).
- Branches excluding headquarters, commercial banks (number) (2024)
- 538 (2024)
- Related indicator from IMF Financial Access Survey.
- Internet use in Armenia (2024)
- 81.3% (2024)
- 81.3% of the population in Armenia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 3 million (2024)
- Armenia had a population of 3 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2023
| Year | per 100,000 adults | Change |
|---|---|---|
| 2023 | 24.7 | −5.1% |
| 2022 | 26 | +1.3% |
| 2021 | 25.7 | −0.4% |
| 2020 | 25.8 | +2.0% |
| 2019 | 25.3 | +3.4% |
| 2018 | 24.4 | +2.8% |
| 2017 | 23.8 | +0.9% |
| 2016 | 23.6 | −0.4% |
| 2015 | 23.6 | +3.9% |
| 2014 | 22.7 | +5.4% |
| 2013 | 21.6 | +3.0% |
| 2012 | 21 | +7.2% |
| 2011 | 19.5 | +8.1% |
| 2010 | 18.1 | +4.5% |
| 2009 | 17.3 | +2.6% |
| 2008 | 16.9 | +9.0% |
| 2007 | 15.5 | +14.8% |
| 2006 | 13.5 | +10.5% |
| 2005 | 12.2 | +13.2% |
| 2004 | 10.8 | — |
Frequently asked questions
What is the latest figure for commercial bank branch density in Armenia?
Commercial bank branch density in Armenia stood at 24.7 per 100,000 adults in 2023, according to World Bank World Development Indicators data.
How has bank branch density in Armenia changed over time?
World Bank World Development Indicators data show a rise from 10.8 per 100,000 adults in 2004 to 24.7 per 100,000 adults in 2023.
How does Armenia compare with other countries in Europe & Central Asia?
Armenia ranks 15 of 46 countries in Europe & Central Asia with data, with 24.7 per 100,000 adults versus a regional average of 23.6 per 100,000 adults (latest values per country).
Where does Armenia rank globally on bank branch density?
Armenia ranks 25 of 172 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
What could bank branch density in Armenia look like in 2026?
A trend-based projection puts it at 25.2 per 100,000 adults in 2026. Projection based on 7-year trend (CAGR 0.7%); not an official figure.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.CBK.BRCH.P5, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .