GDP in Armenia

Armenia GDP | Economic News & Forecasts

Armenia - GDP

The economy experienced a notable turnaround in 2017 amid a stronger global economic picture. Full-year economic growth soared to a five-year high, rising to 7.5% from 0.2% in 2016. Annual growth in the final quarter of the year also accelerated markedly from the third quarter. Domestic demand surged in the year, aided by a rapid expansion in credit due to lax monetary conditions. Exports also climbed, thanks to a pick-up in demand from Russia, Armenia’s biggest trading partner. Last year’s strong growth momentum appears to have carried over into the new year, as economic activity continued growing at a robust year-on-year pace of 10.2% in January, albeit moderating slightly from December.

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 %.

Armenia Facts

Stock Market1.00.0 %Mar 22

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