EDB expects Armenia's economic growth to exceed 5% in 2026
YEREVAN, January 27. /ARКА/. The Eurasian Development Bank (EDB) anticipates that Armenia's economy will maintain a growth rate exceeding 5% in 2026.
"Public debt has reduced from 67% of GDP in 2020 to 51% of GDP in 2025," the EDB mentioned in its weekly macroeconomic review.
The report highlights that Fitch Ratings' upgrade of Armenia's sovereign rating outlook to "positive" and the affirmation of the rating at "BB-" is indicative of increasing international reserves (which reached a record high of $5 billion in December 2025), fiscal consolidation, and economic resilience. About Public Debt
Armenia's total public debt as of December 31, 2025, stood at $14,531.3 million, up from $12,842.2 million as of December 31, 2024. Finance Minister Vahe Hovhannisyan previously indicated that Armenia's public debt-to-GDP ratio by the end of 2025 was expected to be around 48.7% of GDP.
About Fitch Ratings
On January 17, Fitch Ratings updated the outlook on Armenia's Long-Term Foreign Currency Issuer Default Rating (LTFC IDR) from "stable" to "positive" and confirmed the rating at "BB-".
About Gross Reserves
According to the Central Bank of Armenia, the country's gross international reserves as of December 2025 totaled $5,086.3 million, compared to $4,609.9 million in November. Analysts from the World Bank point out that this is the highest level recorded, equivalent to 4.1 months of imports.
Armenian Economic Figures and Forecasts
The 2026 state budget estimates Armenia's economic growth at 5.4%. Various international financial institutions forecast Armenia's economic growth at 5.3% (according to the Eurasian Development Bank (EDB), 4.9% (according to the World Bank), 5.5% (according to the IMF), and 4.5% (according to the EBRD).-0-
