Armenia vs Türkiye

Armenia vs Türkiye: Government debt

Government debt in 2025: 46.9% of GDP in Armenia and 23.7% of GDP in Türkiye, by IMF estimates. In 2025 the value was higher in Armenia, by 23.3 percentage points, or 1.98 times that in Türkiye.

% of GDP · IMF

Armenia vs Türkiye: Government debtGovernment debt in 2025: 46.9% of GDP in Armenia and 23.7% of GDP in Türkiye, by IMF estimates. In 2025 the value was higher in Armenia, by 23.3 percentage points, or 1.98 times that in Türkiye.
ArmeniaTürkiyeIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Armenia has been higher since 2011, when it overtook Türkiye.
  • In 2025, Armenia ranked 87 and Türkiye ranked 138 of 149 countries, counting from the highest.
  • The IMF projection (World Economic Outlook, October 2026) puts Armenia at 44.7% of GDP and Türkiye at 25.4% of GDP in 2031.

Every year

% of GDP · IMF

YearArmeniaTürkiye
202546.923.7
20244823.6
202348.528.3
202247.129.4
202160.938.9
202064.538.3
20195131.2
201852.428.8
201755.126.9
201653.327
201545.526.5
201440.827.4
201337.629.6
201235.930.8
201136.934.8
201034.938.6
200935.542.4
200815.237
200714.937.1
200616.944.2
200520.850.2
200426.557.1
20033363.6
200238.371.2
200138.175.6
200039.651.2
199939.2–
199845.2–
199746.5–
199640.8–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearArmeniaTürkiye
202648.122.5
202748.422.6
202848.623.2
202947.524.1
203046.125.1
203144.725.4

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 Türkiye

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