World Bank Identifies Drivers of Economic Activity Growth in Armenia in July

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Economy

30.09.2025, 10:56

In July, growth in economic activity reached 8.9 percent (yoy), up from 6.7 percent (yoy) in H1.

World Bank Identifies Drivers of Economic Activity Growth in Armenia in July

YEREVAN, September 30. /ARKA/. In July, growth in economic activity reached 8.9 percent (yoy), up from 6.7 percent (yoy) in H1. Growth in July was driven by robust activity in construction (up 26.1 percent, yoy); services excluding trade (up 11.1 percent, yoy); and industry (up 4.2 percent, yoy, following a contraction of 1.2 percent, yoy, in June). This is stated in the World Bank's "Armenia Monthly Economic Update – September 2025."

Industrial growth was buoyed by a 31.5 percent (yoy) surge in electricity production; and by a 3.3 percent (yoy) rise in manufacturing, supported by greater production of food (up 11 percent, yoy) and tobacco (up 39 percent, yoy).

Mining activity remains volatile, falling 8.4 percent (yoy) in July, following 10 percent (yoy) growth in June.

Trade grew 3 percent (yoy). Monthly business registrations increased 4 percent (yoy) in July, due to a 30.2 percent (yoy) rise in LLCs, which helped compensate for a 3.9 percent (yoy) fall in registrations by individual entrepreneurs.

According to Armstat, industrial output in Armenia in January-July 2025 amounted to 1.5 trillion drams (at current prices), a decrease of 9.8% compared to January-July 2024. Furthermore, industrial output in July amounted to 244 billion drams, representing a 4.2% increase compared to July 2024 and a 7.4% increase compared to June 2025.

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