Consumption in Armenia
Armenia - ConsumptionGDP growth lost some traction in Q1, following an acceleration in Q4 2021. The downturn was spearheaded by a sharp contraction in government spending, partly due to a base effect, which drove a small decrease in overall consumption during Q1. On a more positive note, Q1’s outturn was generally sturdy, with private spending and fixed investment both benefiting from the easing of Covid-19 restrictions. However, exports of goods and services slowed markedly in Q1. For Q2, available data paint a mixed picture. On the one hand, economic activity growth hit a three-month high in April, as industrial output rebounded. On the other hand, the fallout from the war between Russia—Armenia’s largest trading partner—and Ukraine is likely weighing on activity due to reduced trade, tumbling remittances and lower investment inflows.
Armenia - Consumption Data
|Consumption (annual variation in %)||-7.1||-1.3||12.1||7.6||10.4|
5 years of economic forecasts for more than 30 economic indicators.
Armenia Consumption Chart
Source: National Statistical Service of Armenia
|Stock Market||0.1||0.0 %||Jan 07|
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