#GROWTH
Armenia's service sector grew by 11.5% in Q1, reaching AMD 865.3 billion
Armenia’s service sector in the first quarter of 2025 amounted to AMD 865,288.2 million (in current prices), an increase of 11.5% compared to the first quarter of 2024, the National Statistical Committee reported.In Armenia, 12-month inflation in March amounted to 3.3%, prices rose by 0.5% over the month
In March 2025, compared to March 2024, inflation in Armenia amounted to 3.3%, and 0.5% for the month. This is according to the report of the National Statistical Committee (NSC) of Armenia.Economic activity in Armenia increased by 4.1% in 2 months of 2025
According to preliminary data, Armenia's economic activity indicator in January-February 2025 registered a growth of 4.1% compared to the first two months of 2024, reports the National Statistical Committee of Armenia.Armenia's economy may show growth of around 6% in 2025 - Central Bank Board member
Surveys conducted by the Central Bank of Armenia among participants in the real sector indicate that economic growth is expected to stabilize at around 5% in the long term, with expectations for the current year slightly below 6%, said Levon Sahakyan, a member of the Central Bank Board.S&P expects Armenia's economic growth to halve in three years
Over the next three years, growth in Georgia and Armenia will almost halve, from 9.4% and 8.8%, respectively, in 2022-24, but will remain sustainable, according to a commentary by S&P Global Ratings analysts, as reported by FrankMedia.EFSD review: Armenia's economy slows down significantly, 2025-2027 forecast is 5%
The Eurasian Fund for Stabilization and Development (EFSD) has noted a significant slowdown in the growth of the Armenian economy due to a reduction in the contribution of "conjunctural factors," such as re-export volumes and the influx of tourists from Russia.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.News 1 - 20 of 657
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