Category:Economy of Armenia - Wikipedia

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Armenia Economy: GDP, Inflation, CPI & Interest Rates

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Economic growth: The economy recorded average annual growth of 4.5% in the decade to 2022. To read more about GDP growth in Armenia, go to our dedicated page. Fiscal policy: …

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Economy Of Armenia - Wikiwand Articles

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The economy of Armenia grew by 12.6% in 2022, according to the country's Statistical Committee and the International Monetary Fund. [3] Total output amounted to 8.5 trillion Armenian drams, …

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Economy Of Armenia - Wikipedia - Al-Quds University

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Jan 14, 2024 · The economy of Armenia grew by 12.6% in 2022, according to the country's Statistical Committee and the International Monetary Fund. Total output amounted to 8.5 …

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FAQs about Category:Economy of Armenia - Wikipedia Coupon?

How did Armenia's economy perform in 2022?

Total output amounted to 8.5 trillion Armenian drams, or $19.5 billion. At the same time, Armenia's foreign trade turnover significantly accelerated in growth from 17.7% in 2021 to 68.6% in 2022. GDP contracted sharply in 2020 by 7.2%, mainly due to the COVID-19 recession and the war against Azerbaijan. ...

What is Armenia's economy based on?

Its economy is primarily based on industrial output and mineral extraction. While Armenia is geographically located in the South Caucasus, it is generally considered geopolitically European. ...

What is the Ministry of economy of Armenia?

The Ministry of Economy of Armenia ( Armenian: Հայաստանի էկոնոմիկայի նախարարություն, romanized : Ekonomikayi nakhararut’yun) is a ministry within the Government of Armenia . It was formed in 1990 after the reorganization of the State Planning Committee of the Soviet Socialist Republic of Armenia . ...

Why is Armenia's economy growing so fast?

In the 2000s, along with the construction sector, the services sector was the driving force behind Armenia's recent high economic growth rate. Between 2017 and 2019, Armenia's economy increased fast, with annual rate of GDP growth averaging 6.8 percent. ...

What percentage of Armenia's economy comes from construction?

According to the National Statistical Service, Armenia's booming construction sector generated about 20 percent of Armenia's GDP during the first eight months of 2007. According to a World Bank official, 30 percent of Armenia's economy in 2009 came from the construction sector. ...

How has economic growth changed in Armenia in 2024?

In Armenia, economic activity growth slowed down to 8.7% per annum in January-September 2024 (from 9.7% in the same period of 2023). Unlike last year, the industrial sector has become one of the growth drivers. According to preliminary data from the RA Statistical Committee, this is accompanied by continued high growth rates of exports and imports. ...