Trade Balance in Armenia

Armenia Trade Balance | Economic News & Forecasts

Armenia - Trade Balance

GDP growth lost some traction in Q1, following an acceleration in Q4 2021. The downturn was spearheaded by a sharp contraction in government spending, partly due to a base effect, which drove a small decrease in overall consumption during Q1. On a more positive note, Q1’s outturn was generally sturdy, with private spending and fixed investment both benefiting from the easing of Covid-19 restrictions. However, exports of goods and services slowed markedly in Q1. For Q2, available data paint a mixed picture. On the one hand, economic activity growth hit a three-month high in April, as industrial output rebounded. On the other hand, the fallout from the war between Russia—Armenia’s largest trading partner—and Ukraine is likely weighing on activity due to reduced trade, tumbling remittances and lower investment inflows.

Armenia - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-1.2  -0.9  -1.4  -1.8  -2.1  

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Armenia Trade Balance Chart

Armenia Trade Balance
Note: Trade balance in USD bn.

Armenia Facts

Value Change Date
Stock Market0.10.0 %Jan 07

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