Money in Armenia

Armenia Money | Economic News & Forecasts

Armenia - Money

The economy was pounded in the second quarter due to the coronavirus outbreak and government measures to quell its spread, with GDP collapsing 13.7% on an annual basis after having grown 3.9% at the outset of the year. Private consumption was decimated as overall activity, particularly in April, skidded to a halt, as did capital spending which plunged at the steepest pace in at least six years. In addition, exports plummeted by over a third on subdued demand from trading partners and travel restrictions. Turning to Q3, on 12 August, authorities extended the state of emergency until 11 September. Although nearly all sectors of the economy have reopened, some restrictions remain in place, including the closure of borders, which may drag on activity.

Armenia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation of M2 in %)5.2  24.8  28.9  13.2  21.5  

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Armenia Money Chart

Armenia Money
Note: Money, annual variation of wide money in %.
Source: Central Bank of Armenia

Armenia Facts

Value Change Date
Stock Market0.10.0 %Jan 07

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