GDP in Armenia

Armenia GDP | Economic News & Forecasts

Armenia - GDP

Following Q2’s record economic expansion in year-on-year terms (Q2: +13.1% yoy; Q1: -3.3% yoy) driven by a broad-based improvement, available data for the third quarter points to a slowdown in momentum. Economic activity growth slowed to a four-month low in July amid continued pandemic-related restrictions. Moreover, consumer loans swung into contraction in the first two months of the quarter, logging the lowest result since December 2015 in August, potentially signaling weak consumer spending. Meanwhile, as the country struggles with a lackluster vaccination campaign and a sharp rise in new Covid-19 infections, on 30 September authorities announced they were set to receive a donation of 50,000 Moderna jabs from Lithuania. Furthermore, in an effort to accelerate vaccine uptake, the country started to introduce certain vaccination requirements for businesses from 1 October.

Armenia - GDP Data

2015   2016   2017   2018   2019  
Economic Growth (GDP, annual variation in %)3.2  0.2  7.5  5.2  7.6  

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Armenia GDP Chart


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

Armenia Facts

Value Change Date
Stock Market0.10.0 %Jan 07

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