Armenia vs Georgia
Armenia vs Georgia: Government debt
Government debt in 2025: 46.9% of GDP in Armenia and 34.3% of GDP in Georgia, by IMF estimates. In 2025 the value was higher in Armenia, by 12.7 percentage points, or 1.37 times that in Georgia.
% of GDP · IMF
What the numbers say
- Armenia has been higher since 2009, when it overtook Georgia.
- In 2025, Armenia ranked 87 and Georgia ranked 119 of 149 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Armenia at 44.7% of GDP and Georgia at 31.5% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Armenia | Georgia |
|---|---|---|
| 2025 | 46.9 | 34.3 |
| 2024 | 48 | 35.5 |
| 2023 | 48.5 | 38.7 |
| 2022 | 47.1 | 39.2 |
| 2021 | 60.9 | 49.1 |
| 2020 | 64.5 | 59.6 |
| 2019 | 51 | 40.1 |
| 2018 | 52.4 | 38.2 |
| 2017 | 55.1 | 38.9 |
| 2016 | 53.3 | 39.5 |
| 2015 | 45.5 | 36 |
| 2014 | 40.8 | 30.3 |
| 2013 | 37.6 | 28.9 |
| 2012 | 35.9 | 28.1 |
| 2011 | 36.9 | 27.7 |
| 2010 | 34.9 | 31.5 |
| 2009 | 35.5 | 33.7 |
| 2008 | 15.2 | 26.4 |
| 2007 | 14.9 | 22.5 |
| 2006 | 16.9 | 28.3 |
| 2005 | 20.8 | 35.3 |
| 2004 | 26.5 | 44.3 |
| 2003 | 33 | 54.6 |
| 2002 | 38.3 | 50.3 |
| 2001 | 38.1 | 53 |
| 2000 | 39.6 | 58.5 |
| 1999 | 39.2 | – |
| 1998 | 45.2 | – |
| 1997 | 46.5 | – |
| 1996 | 40.8 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Armenia | Georgia |
|---|---|---|
| 2026 | 48.1 | 33.1 |
| 2027 | 48.4 | 32.4 |
| 2028 | 48.6 | 32.2 |
| 2029 | 47.5 | 31.7 |
| 2030 | 46.1 | 31.5 |
| 2031 | 44.7 | 31.5 |
Each country on its own
Good to know
- What the government owes, as a share of the economy’s yearly output.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 149 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time
Armenia vs Georgia
Health
- Life expectancyArmenia: 75.7 years in 2023Georgia: 74.5 years in 2023
- Child mortalityArmenia: 1 per 100 live births in 2024Georgia: 0.9 per 100 live births in 2024
- Infant mortalityArmenia: 8.7 per 1,000 live births in 2023Georgia: 8.1 per 1,000 live births in 2023
- Safe drinking waterArmenia: 82.4% in 2022Georgia: 69.1% in 2022
- DepressionArmenia: 2.76% in 2017Georgia: 2.8% in 2017
- Suicide rateArmenia: 8.3 per 100,000 people in 2017Georgia: 7.5 per 100,000 people in 2017
People
- PopulationArmenia: 2.94 million people in 2023Georgia: 3.81 million people in 2023
- Population growthArmenia: 2.79% a year in 2023Georgia: 0.02% a year in 2023
- Fertility rateArmenia: 1.71 births per woman in 2023Georgia: 1.81 births per woman in 2023
- Urban populationArmenia: 65.9% in 2025Georgia: 61.2% in 2025
- Median ageArmenia: 35.8 years in 2023Georgia: 36.8 years in 2023
- People aged 65 and overArmenia: 13.2% in 2023Georgia: 15.3% in 2023
- Net migration rateArmenia: 25.5 per 1,000 people in 2023Georgia: 0.5 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingArmenia: 6.09% of GDP in 2025Georgia: 1.75% of GDP in 2025
- Military spending in US dollarsArmenia: $1.65B in 2025Georgia: $637M in 2025
- Military spending per personArmenia: $582 in 2025Georgia: $173 in 2025
- Military share of state spendingArmenia: 19.9% of government spending in 2025Georgia: 5.8% of government spending in 2025
- Armed forces personnelArmenia: 47,000 people in 2020Georgia: 26,000 people in 2020
- National powerArmenia: 0.06% of world capability in 2022Georgia: 0.04% of world capability in 2022
- Armed forces, share of workersArmenia: 3.25% of the labour force in 2020Georgia: 1.39% of the labour force in 2020
- Arms importsArmenia: 21 million TIV in 2025Georgia: 15 million TIV in 2024
- Arms exportsArmenia: 4 million TIV in 2006Georgia: 7 million TIV in 2017