Industry in Armenia

Armenia Industry | Economic News & Forecasts

Armenia - Industry

Recent data indicates that the robust pace of growth in the first quarter likely cooled in the second quarter, but remained strong nonetheless. Economic activity accelerated in June and industrial production rebounded, after contracting in April and May. Healthy momentum should have carried over into Q3, supported by the region’s economic recovery, which should help boost export growth and lead to stronger remittance inflows; remittance inflows grew at a solid rate in the first quarter. In political news, the government has begun drafting the state budget for 2019, which is expected to focus on improving government finances.

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 %Aug 14

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