Armenia's economic growth in 2025 will be 5.5% and should exceed 5.0% in 2026-2027 – Fitch

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Economy

18.01.2026, 18:55

Armenia's real GDP growth in 2025 is estimated at 5.5%, according to analysts at the international ratings agency Fitch Ratings.

Armenia's economic growth in 2025 will be 5.5% and should exceed 5.0% in 2026-2027 – Fitch

YEREVAN, January 18. /ARKA/. Armenia's real GDP growth in 2025 is estimated at 5.5%, according to analysts at the international ratings agency Fitch Ratings.

The agency's analysts note that this is being driven by strong activity in construction, IT, and financial services, but point to a slowdown compared to the average 8.9% for 2022-2024, driven by Russian capital inflows and migration.

"Growth should remain above 5.0% in 2026-2027, supported by a robust services sector and the discovery of the Amulsar gold mine, which, according to the IMF, will contribute 1.25 percentage points to GDP growth." "in 2026-2027," the report states.

It is also noted that additional upside potential for the medium-term growth forecast could arise from the sustainable implementation of the peace agreement with Azerbaijan and the opening of the border with Turkey.

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