Armenia's economic activity growth exceeds expectations for nine months- World Bank

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Economy

25.11.2025, 16:07

In September, growth in Armenia’s economic activity was robust at 10.5 percent (yoy), up from 7.5 percent (yoy) in August, according to World Bank’s Armenia Monthly Economic Update – November 2025.

Armenia's economic activity growth exceeds expectations for nine months- World Bank

YEREVAN, November 25. /ARKA/. In September, growth in Armenia’s economic activity was robust at 10.5 percent (yoy), up from 7.5 percent (yoy) in August, according to World Bank’s Armenia Monthly Economic Update – November 2025.

It says this was due to industrial growth almost doubling, with output growing 10.1 percent (yoy) in September, up from 5.8 percent (yoy) in August.

Manufacturing grew 12.1 percent (yoy), driven by greater food production and continued expansion in base metal production. Mining activity grew 1.8 percent (yoy), following flat growth in August.

Construction remained strong, growing at 22 percent (yoy). Services (excluding trade) expanded 7.9 percent (yoy), compared with 6.7 percent (yoy) in August.

Trade (wholesale and retail) eased to 0.9 percent (yoy). Cumulative yoy growth for Q1–Q3 2025 stood at 7.6 percent, far exceeding initial expectations.

After a 3.5 percent fall in August, monthly business registrations shot up 26.8 percent (mom), due to a 32 percent (mom) increase in registrations by individual entrepreneurs and a 14.2 percent (mom) increase in LLC registrations.

Armenia's 2025 state budget projects economic growth at 5.1%.-0-

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