Armenia: Economy

Weak domestic demand and the onset of deflation slowed growth to 0.2% in 2016 despite a higher fiscal deficit and a narrower trade deficit. With demand likely to remain weak and no room for fiscal stimulus, projections for 2017 and 2018 are for modest growth, low inflation, and further balancing in the current account. Policy should promote export-oriented industries and innovation. Read more from Asian Development Outlook 2017


Economic forecasts for Central Asian countries

Country 2017 2018
Armenia 2.2 2.5
Azerbaijan -1.1 1.2
Georgia 3.8 4.5
Kazakhstan 2.4 2.2
Kyrgyz Republic 3.0 3.5
Tajikistan 4.8 5.5
Turkmenistan 6.5 7.0
Uzbekistan 7.0 7.3
Average 3.1 3.5
Country 2017 2018
Armenia 1.2 1.8
Azerbaijan 9.0 8.0
Georgia 4.2 4.5
Kazakhstan 8.0 7.0
Kyrgyz Republic 5.0 4.0
Tajikistan 8.0 7.0
Turkmenistan 6.0 6.0
Uzbekistan 9.5 10.0
Average 7.8 7.3
Country 2017 2018
Armenia -2.3 -2.0
Azerbaijan 5.9 11.4
Georgia -12.0 -11.5
Kazakhstan -3.4 -3.0
Kyrgyz Republic -13.0 -13.5
Tajikistan -5.5 -6.0
Turkmenistan -15.0 -13.0
Uzbekistan 0.2 0.4
Average -3.0 -1.7

Source: Asian Development Outlook 2017

 

 
This page was generated from https://www.adb.org/countries/armenia/economy on 25 May 2017