Economic activity in Armenia grew by 4.4% in 4 months
YEREVAN, May 26. /ARKA/. According to preliminary data, the economic activity indicator of Armenia in January-April 2025 registered a growth of 4.4% compared to the first four months of 2024, the National Statistical Committee reports.
At the same time, in April of this year, compared to April last year, the economic activity indicator grew by 5.4%, and compared to March of the same year - by 4.3%.
In January-April, the volume of industrial production amounted to 812,255.8 million drams, decreasing by 16.1% compared to January-April 2024. At the same time, in April, the decline was 8.7% for the year, and 3.9% for the month.
The volume of construction for the reporting period of the current year increased by 15% compared to the same period last year and amounted to 116,584.4 million drams. In April, an annual growth of 17.9% was recorded, and a monthly growth of 18%.
At the same time, the turnover of domestic trade for January-April of this year amounted to 1,875,252.0 million drams, which is 5.2% higher than the figure for January-April last year. In April, the annual growth was 3.2%, and the monthly growth was 1.4%.
According to statistics, the volume of the service sector (excluding trade) for the four months of 2025 reached 1,173,420.7 million drams, which is 9.9% higher than the figure for the same period in 2024. In April, the annual growth was 5.6%, and a monthly decline of 0.8% was recorded.
Armenia's economic growth in the 2025 state budget is projected at 5.1%. According to the Central Bank's monetary policy report for the first quarter of this year, Armenia's GDP growth is expected to be within 7-4.8% by the end of 2025, 4.7-4.1% in 2026, and 4.7-6.1% in 2027.
The EDB forecasts Armenia's GDP growth at 5.5% in 2025. The WB expects Armenia's economy to grow by 4% in 2025, the IMF by 4.5%, the EBRD by 5%, and the ADB by 6%. According to the forecast of Fitch Ratings, Armenia's economic growth in 2025 will be 4.9%, and the UN expects the Armenian economy to grow by 5.2% in 2025. ($1 - 383.77 drams) -0-
