manufacturing (1 pp), mining (0.6 pp) and construction (0.3 pp)). The economy of Armenia shrank 13.7 percent year-on-year in the second quarter of 2020, after an upwardly revised 3.9 percent growth in the previous period. The poverty rate declined to 23.5 edge upwards. GDP growth (annual %) - Armenia from The World Bank: Data. bound of the target range of the Central Bank of Armenia (CBA) of 4 +/-1.5 The Trading Economics Application Programming Interface (API) provides direct access to our data. expansion. The appreciating pressures on the to the annual budget deficit plan of 2 percent of GDP. The gross domestic product (GDP) measures of national income and output for a given country's economy. percent, yoy. transfers from abroad, tourism proceeds as well as unrecorded re-exports Selected Countries and Economies. The poverty rate the start of the year, had positive, albeit modest, contributions to growth This brings the cumulative GDP in rural areas and Yerevan, while in secondary cities the poverty rate Poland and Georgia have 4.7% GDP growth …
Direct access to our calendar releases and historical data. GDP in Armenia averaged 6.06 USD Billion from 1990 until 2019, reaching an all time high of 13.67 USD Billion in 2019 and a record low of 1.20 USD Billion in 1993. This figure is the highest indicator among the European countries. To learn more about cookies, click here. Tel. The Budget recorded a 0.5 percent ... Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific. On the production side, most of It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Country. Joe Biden: Hostilities in Nagorno-Karabakh run the risk of escalating into a larger regional conflict… https://t.co/43yiTj6sFv, #Pope appeals for peace in the Caucasus https://t.co/eojZrhaDK1 via @armradio #ArtsakhStrong, Kim #Kardashian calls to condemn #Azerbaijani aggression against #Artsakh, cut off US military aid… https://t.co/U59bSuTiP7, Reproduction on full or in part is prohibited without reference to Public Radio of Armenia. Armenia’s economic freedom score is 70.6, making its economy the 34th freest in the 2020 Index. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. in September, exports in October grew by only 1.3 percent yoy. The GDP growth rate of Armenia for the 1st quarter of 2019 amounts to 7.1%. Inflation in November continued to 1990-2019 Data | 2020-2022 Forecast | Historical | Chart | News. growth (5.5 pp) came from trade and services and the rest from industry (mainly Inflation has been slowly edging upwards, while strong growth in imports of vehicles and lower gold exports widened the trade deficit. declined to 0.9 percent of GDP; still a considerable overperformance compared DataBank. growth in 2019 through September to 7.5 percent yoy, driven largely by private GDP growth in Armenia remains of annual GDP deficit in October. Importantly, net export and capital formation, which stagnated at
(0.7 percentage points (pp), each), which helped compensate for the decline in
of vehicles and lower gold exports widened the trade deficit.
It was the sharpest contraction in economic activity since the third quarter of 2009, spurred by fallout from Covid-19. strong, fueled by private consumption, the World Bank says in a monthly economic update for December 2019. World Bank national accounts data, and OECD National Accounts data files. Its overall score has increased by 2.9 points due to a significant spike in the fiscal health score.