Business Working Capital Financing Statistics in Armenia (2026)
According to World Bank World Development Indicators data, 38.3% of firms in Armenia used banks to finance working capital in 2024. Up from 35.7% in 2020 to 38.3% in 2024 (+2.6 percentage points). Armenia ranks #9 of 43 economies in Europe & Central Asia on this measure, and #27 of 145 globally.
Key Statistics
- Latest value (2024)
- 38.3% (2024)
- Business Working Capital Financing in Armenia as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2020
- +2.6 pp (2024)
- Up from 35.7% in 2020 to 38.3% in 2024 (+2.6 percentage points).
- Earliest value in this dataset (2002)
- 10.9% (2002)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 10.9% in 2002 to 38.3% in 2024.
- Peak value (2005)
- 46.3% (2005)
- Highest value in the available series; the 2024 value is 38.3%.
- Rank in Europe & Central Asia
- #9 of 43 (2024)
- Armenia ranks 9 of 43 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #27 of 145 (2024)
- Armenia ranks 27 of 145 countries with data globally.
- Europe & Central Asia average
- 30.6% (2024)
- Armenia (38.3%) is above the average of 30.6% across the 43 countries in Europe & Central Asia with data.
- Firms with a bank loan/line of credit (% of firms) (2024)
- 48.6% (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, 2002–2024
| Year | % of firms | Change |
|---|---|---|
| 2024 | 38.3% | +2.6 pp |
| 2020 | 35.7% | −7.3 pp |
| 2013 | 43% | −3.3 pp |
| 2005 | 46.3% | +35.4 pp |
| 2002 | 10.9% | — |
Frequently asked questions
What share of firms in Armenia used banks to finance working capital?
38.3% of firms in Armenia used banks to finance working capital in 2024, according to World Bank World Development Indicators data.
How does Armenia compare with other countries in Europe & Central Asia?
Armenia ranks 9 of 43 countries in Europe & Central Asia with data, with 38.3% versus a regional average of 30.6% (latest values per country).
Where does Armenia rank globally on business working capital financing?
Armenia ranks 27 of 145 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did business working capital financing in Armenia peak?
The highest value in the available series was 46.3% in 2005; the latest (2024) value is 38.3%.
How recent is the business working capital financing 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.BKWC.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 .