Fiscal Balance in Armenia

Armenia Fiscal Balance | Economic News & Forecasts

Armenia - Fiscal Balance

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 - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-4.8  -5.5  -4.8  -1.8  -1.0  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance of the Republic of Armenia

Armenia Facts

Value Change Date
Stock Market0.10.0 %Jan 07

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