Formal Savings Statistics in Armenia (2026)
As of the 2024 data, 9.1% of adults in Armenia saved at a formal financial institution, per World Bank Global Findex. Up from 5.6% in 2021 to 9.1% in 2024 (+3.5 percentage points). Armenia ranks #44 of 46 economies in Europe & Central Asia on this measure, and #114 of 142 globally.
Key Statistics
- Latest value (2024)
- 9.1% (2024)
- Formal Savings in Armenia as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +3.5 pp (2024)
- Up from 5.6% in 2021 to 9.1% in 2024 (+3.5 percentage points).
- Earliest value in this dataset (2011)
- 0.8% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 0.8% in 2011 to 9.1% in 2024.
- Peak value (2017)
- 10% (2017)
- Highest value in the available series; the 2024 value is 9.1%.
- Rank in Europe & Central Asia
- #44 of 46 (2024)
- Armenia ranks 44 of 46 countries in Europe & Central Asia with data, based on each country's latest value.
- Global rank
- #114 of 142 (2024)
- Armenia ranks 114 of 142 countries with data globally.
- Europe & Central Asia average
- 40.6% (2024)
- Armenia (9.1%) is below the average of 40.6% across the 46 countries in Europe & Central Asia with data.
- 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 9.1% | +3.5 pp |
| 2021 | 5.6% | −4.4 pp |
| 2017 | 10% | +8.4 pp |
| 2014 | 1.6% | +0.8 pp |
| 2011 | 0.8% | — |
Frequently asked questions
What share of adults in Armenia saved at a formal financial institution?
9.1% of adults in Armenia saved at a formal financial institution in 2024, according to World Bank Global Findex data.
Where does Armenia rank globally on formal savings?
Armenia ranks 114 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
When did formal savings in Armenia peak?
The highest value in the available series was 10% in 2017; the latest (2024) value is 9.1%.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .