GDP in Armenia

Armenia GDP | Economic News & Forecasts

Armenia - GDP

The 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

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)7.1  3.3  3.6  3.2  0.2  

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Armenia GDP Chart

Armenia GDP
Note: Annual variation of gross domestic product (GDP) in %.

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