Imports in Armenia

Armenia Imports | Economic News & Forecasts

Armenia - Imports

Economic growth accelerated to 7.9% year-on-year (yoy) in the third quarter (Q2: +6.9% yoy), marking the fastest expansion since Q1 2018. Domestic activity rebounded strongly in the third quarter, largely underpinned by a solid rise in fixed investment. Moreover, the external sector contributed positively to growth as exports of goods and services jumped in the third quarter, defying the weak global backdrop and logging the quickest expansion in nearly two years. Meanwhile, private consumption remained robust amid rising household incomes, despite easing somewhat compared to the previous quarter. On the supply side, the third quarter’s acceleration largely reflected swifter growth in the industrial and construction sectors compared to the previous quarter.

Armenia - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)3.8  3.8  2.8  2.8  3.8  

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Note: Imports in USD bn.
Source: Central Bank of Armenia

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