Industry in Armenia

Armenia Industry | Economic News & Forecasts

Armenia - Industry

The economy grew buoyantly in the first half of the year thanks to surging investment and healthy household spending. Tailwinds from remittances from abroad, accommodative monetary policy, and increased lending kept growth strong in H1, despite plunging government consumption due to fiscal tightening. While these growth drivers largely remained in place in the third quarter, growth is expected to have lost steam. Agricultural output plunged in August, in part due to bad weather, causing overall economic activity to slump. On the political front, My Step, the party led by new prime minister Nikol Pashinyan, secured a landslide victory in local elections in Yerevan on 23 September. This signals strong support ahead of national elections expected in the coming months.

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

ValueChangeDate
Stock Market0.00.0 %Oct 22

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