Current Account in Armenia
Armenia - Current Account
According to recent data, GDP growth softened in the third quarter (Q3: +2.7% yoy; Q2: +13.3% yoy) as both private consumption and capital spending deteriorated. Turning to Q4, a complicated domestic panorama will likely take a toll on activity. After overcoming a fourth wave of Covid-19 infections that peaked in late October, heavy fighting erupted again at the border with neighboring Azerbaijan on 16 November, with at least a dozen reported casualties on both sides. A Russian-brokered ceasefire appeared to calm tensions, but conflict seems to have reignited towards the end of November. Consequently, pressure from the opposition is building to force the government to take a tougher stance on the disputed region. Lastly, on 9 November, parliament approved the draft 2022 budget, which foresees 7.0% GDP growth for next year—relatively optimistic compared with our panelists’ forecasts.Armenia - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -2.7 | -2.0 | -3.0 | -9.3 | -8.1 |
Armenia Current Account Chart
Armenia Facts
| Value | Change | Date | |
|---|---|---|---|
| Stock Market | 0.1 | 0.0 % | Jan 07 |
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