Economic activity in Armenia projected to be bolstered by industrial growth in third quarter through end of year - EDB

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Economy

03.11.2025, 10:34

In the third quarter, Armenia's industrial sector experienced a resurgence, growing by 5.1%, which is expected to enhance economic activity for the rest of the year, as noted in the Eurasian Development Bank's weekly macroeconomic review.

Economic activity in Armenia projected to be bolstered by industrial growth in third quarter through end of year - EDB

YEREVAN, November 3. /ARKA/. In the third quarter, Armenia's industrial sector experienced a resurgence, growing by 5.1%, which is expected to enhance economic activity for the rest of the year, as noted in the Eurasian Development Bank's weekly macroeconomic review.

Economic activity in Armenia saw a year-on-year increase of 7.6% during the period from January to September 2025.

"The primary contributors to this growth were the services sector, which grew by 9.9%, and construction, which surged by 20.7%. However, the industrial sector faced a decline of 5.7% due to the waning effects of increased trade and precious metal processing observed in early 2024. This downturn also contributed to a significant drop in exports by 46.8% and imports by 33.3% over the nine-month timeframe," the EDB indicates.

According to Armstat, the total industrial output for the first nine months reached 2 trillion drams, reflecting a 5.7% decrease compared to the same period in 2024. ($1 = 382.65 drams).-0-

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