#GROW
Service sector in Armenia grew by 10.6% last year, to 3.5 trillion drams
The volume of the service sector in Armenia for 2024 amounted to 3,467,516.3 million drams (at current prices), reflecting an increase of 10.6% compared to the same period in 2023, according to the National Statistical Committee of Armenia.EDB expects price growth to accelerate in Armenia
The Eurasian Development Bank (EDB) forecasts a further acceleration in price growth in the coming months, with inflation expected to align closely with the target of the Central Bank of Armenia (3% ±1%). This is stated in the EDB’s weekly macroeconomic review.Armenia's export and import growth in 9 months of 2024 driven by increase in gold re-exports – Finance Ministry
The growth in exports and imports of Armenian goods from January to September 2024 is primarily due to the significant increase in gold re-exports, said Armenian Finance Minister Vahe Hovhannisyan.UN predicts Armenia's economic growth at 5.2% in 2025 and 4.7% in 2026
Armenia's GDP growth in 2025 will be 5.2%, with a slowdown to 4.7% in 2026. This is stated in the UN report "World Economic Situation Prospects 2025." At the same time, the authors of the report have revised their previous forecast for the country's economic growth in 2024, increasing it from 5.2% to 6%.World Bank names main factor for slowdown in Armenia's economic activity growth in October
Economic activity growth in Armenia slowed to 4.2% (year-on-year) in October from 7% in September, led by the services sector (excluding trade), which slowed from 11.6% (year-on-year) in September to 5.2% in October, mainly due to slowdown in hotel services, according to World Bank's 'Armenia Monthly Economic Update – December 2024.'Armenia's service sector grows 5.8% to 2.7 trillion drams
The volume of the service sector in Armenia in January-October 2023 amounted to 2,734,696.9 million drams (at current prices), increasing by 5.8% compared to the same period in 2022, according to the National Statistical Committee of the Republic.News 1 - 20 of 657
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