GDP in Armenia
Armenia - GDPThe Armenian economy slowed somewhat at the close of the second quarter, but the overall trend remains healthy nonetheless. The Statistics Agency’s economic activity index grew 5.1% annually in June, a significant slowdown from May’s print of 8.3%. Economic activity was dampened by softer industrial production and export growth. The external sector, which has grown spectacularly since the beginning of the year thanks to an improving global trading environment, might be increasingly suffering from a strengthening currency. However, June’s result points to quarterly GDP growth above 5.0% in Q2 and following Q1’s strong 6.5% expansion, the economy seems to be comfortably on track to beat the government’s growth expectations.
Armenia - GDP Data
|Economic Growth (GDP, annual variation in %)||7.1||3.3||3.6||3.2||0.2|
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Armenia GDP Chart
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