Armenia: Economy | Asian Development Bank

Armenia: Economy

Growth accelerated to 6.0% in the first half of 2017 from 3.6% in the same period in 2016 and 0.2% in all of 2016. On the supply side, strong gains in industry and services offset declines in agriculture and construction. Industry excluding construction expanded by 7.6%, reflecting expansion in all subsectors. Services grew by 8.2% as trade, transport, finance, and other services benefited from reviving demand, both domestic and external. Bad weather caused agriculture to contract by 4.0%, and reduced public investment slashed construction by 12.0%. Read more from Asian Development Outlook 2017 Update

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*2017 and 2018 are forecasts.


Economic forecasts for Central Asian countries

The latest available economic data for Armenia compared to countries in Central Asia.

*2017 and 2018 are forecasts.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update