Industry in Armenia

Armenia Industry | Economic News & Forecasts

Armenia - Industry

GDP growth slid notably in the third quarter, coming in at 2.7% annually (Q2: +7.5% year-on-year). Contracting agricultural output due to unfavorable weather and plunging mining production were chiefly behind the slowdown. However, the start of Q4 seems to have been more encouraging, with economic activity returning to growth after contracting in September. On the political front, the country is preparing for snap elections on 9 December after Prime Minister Nikol Pashinyan stepped down in October to force a new vote. Pashinyan’s government controls just 9 seats of the 105-member National Assembly, and parties affiliated with him are poised to make significant gains. This should give him support to push through policies that have been roadblocked by the legislature.

Armenia - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)7.3  2.6  5.1  6.8  12.6  

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Note: Industrial production, annual variation in %.
Source: National Statistical Service of Armenia

Armenia Facts

Stock Market0.60.0 %Dec 14

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