GDP in Armenia

Armenia GDP | Economic News & Forecasts

Armenia - GDP

Growth more than doubled in the first quarter (Q1 2019: +7.1% year-on-year; Q4 2018: +3.1% yoy), on the back of robust activity growth in the construction, trade and services sectors. Double digit growth of the wholesale and retail trade sector suggested consumer demand was particularly upbeat in Q1, while booming activity in the financial services and insurance sector underlines healthy business conditions. In less positive news, exports contracted in Q1, taking a bite out of the overall expansion amid largely stable imports. That said, momentum seems to have strengthened further in the second quarter, thanks to sturdy output growth in the industrial, services and retail trade sectors.

Armenia - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)3.3  3.6  3.2  0.2  7.5  

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Armenia GDP Chart

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

Armenia Facts

Stock Market0.00.0 %Jun 20

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