Finance minister: Armenia’s per-capita GDP to reach $4,700 by 2020

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Economy

17.07.2017, 10:29

Armenia’s per-capital GDP will reach $4,700 by 2020, Vardan Aramyan, Armenian finance minister, told reporters on Sunday.

Finance minister: Armenia’s per-capita GDP to reach $4,700 by 2020

YEREVAN, July 17. /ARKA/. Armenia’s per-capita GDP will reach $4,700 by 2020, Vardan Aramyan, Armenian finance minister, told reporters on Sunday.

“The country’s per-capita GDP stood at $3,500 in 2016, while in 2020 it will reach $4,700, if no forex fluctuations affect it,” he said.

The minister also added that these calculations had been based on the AMD 480 per one US dollar exchange rate.

In 2016, per-capita GDP amounted to AMD 1,693,523 ($3,525) against AMD 679,920 (3,515) in 2015. --0----

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