Business Bank Credit Access Statistics in Armenia (2026)
48.6% of firms in Armenia had a bank loan or line of credit in 2024, World Bank World Development Indicators data show. Up from 40.9% in 2020 to 48.6% in 2024 (+7.7 percentage points). Armenia ranks #16 of 43 economies in Europe & Central Asia on this measure, and #34 of 145 globally.
Key Statistics
- Latest value (2024)
- 48.6% (2024)
- Business Bank Credit Access in Armenia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- +7.7 pp (2024)
- Up from 40.9% in 2020 to 48.6% in 2024 (+7.7 percentage points).
- Earliest value in this dataset (2009)
- 44.2% (2009)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 44.2% in 2009 to 48.6% in 2024.
- Record high (2024)
- 48.6% (2024)
- The 2024 value is the highest in the available World Bank World Development Indicators series for Armenia.
- Rank in Europe & Central Asia
- #16 of 43 (2024)
- Armenia ranks 16 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #34 of 145 (2024)
- Armenia ranks 34 of 145 countries with data globally.
- Europe & Central Asia average
- 44.8% (2024)
- Armenia (48.6%) is above the average of 44.8% across the 43 countries in Europe & Central Asia with data.
- Firms using banks to finance working capital (% of firms) (2024)
- 38.3% (2024)
- Related indicator from World Bank World Development Indicators.
- Firms using banks to finance investment (% of firms) (2024)
- 45.2% (2024)
- Related indicator from World Bank World Development Indicators.
- 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, 2009–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 48.6% | +7.7 pp |
| 2020 | 40.9% | −6.3 pp |
| 2013 | 47.3% | +3.0 pp |
| 2009 | 44.2% | — |
Frequently asked questions
What share of firms in Armenia had a bank loan or line of credit?
48.6% of firms in Armenia had a bank loan or line of credit in 2024, according to World Bank World Development Indicators data.
How has business bank credit access in Armenia changed over time?
World Bank World Development Indicators data show a rise from 44.2% in 2009 to 48.6% in 2024.
How does Armenia compare with other countries in Europe & Central Asia?
Armenia ranks 16 of 43 countries in Europe & Central Asia with data, with 48.6% versus a regional average of 44.8% (latest values per country).
Where does Armenia rank globally on business bank credit access?
Armenia ranks 34 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
How recent is the business bank credit access data for Armenia?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Armenia.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKL.ZS, 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 .