GDP in Armenia
Armenia - GDPThe 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
|Economic Growth (GDP, annual variation in %)||7.1||3.3||3.6||3.2||0.2|
5 years of economic forecasts for more than 30 economic indicators.
Armenia GDP Chart
|Stock Market||1.0||0.0 %||Mar 22|
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