Average annual GDP growth in Armenia is planned at 6% in the coming years – Pashinyan

|

|

USD

372.38

EUR

437.55

RUB

4.9558

GEL

138.46

Economy

22.04.2026, 11:27

The Armenian government aims to achieve an average annual GDP growth of no less than 6% in the upcoming years, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

Average annual GDP growth in Armenia is planned at 6% in the coming years – Pashinyan

YEREVAN, April 22. /ARKA/. The Armenian government aims to achieve an average annual GDP growth of no less than 6% in the upcoming years, as stated by Prime Minister Nikol Pashinyan while unveiling the election platform of the Civil Contract party.

"In our 2021-2026 program, we committed to an average annual GDP growth of 7%, and we have successfully reached this target. Our average economic growth stands at 7.6%," he mentioned during a live session on his social media.

Pashinyan further highlighted that Armenia's real GDP has increased by 53% from 2018 to 2025.

Armenian Economic Figures and Forecasts

The state budget for 2026 anticipates an economic growth rate of 5.4%. The Central Bank's monetary policy report for the first quarter of this year projects the GDP growth to be between 7.1-4.7% by the end of 2026, 5.7-5.3% in 2027, and 4.9-5.2% in 2028, depending on different scenarios.

Forecasts for Armenian economic growth from international financial institutions for 2026 include: EDB - 5.3%; WB - 5.3%; IMF - 5.3%; ADB - 5.5%; EBRD - 5.5%; S&P Global Ratings - 5.3%; Fitch Ratings - above 5% (for 2026-2027).-0-

Russia called Yerevan's statements about ceding the concession to operate the railway to Armenia strange

Yerevan's statements about the need to cede the concession to operate the Armenian railway to another country seem strange, Alexey Shevtsov, Deputy Secretary of the Russian Security Council, told reporters.

22.04.2026 16:43

Armenia to reduce tariffs for connecting new subscribers to the Electric Networks of Armenia (ENA) by 40%

Tariffs for connecting new subscribers to Electric Networks of Armenia (ENA) CJSC will be reduced to 40%, announced ENA Acting Governor Romanos Petrosyan.

22.04.2026 16:40

Armenia's accession to the EU could cost the country 23% of GDP – Russian Security Council

According to the most conservative estimates, joining the European Union will cost Armenia approximately 23% of GDP, Deputy Secretary of the Russian Security Council (SC) Alexey Shevtsov told reporters.

22.04.2026 15:33

Armenia's GDP could decline by 15.1% if it leaves the Eurasian Economic Union: Deputy Secretary of the Russian Security Council

If Armenia leaves the Eurasian Economic Union, its gross domestic product could decline by 15.1%, and inflation could rise by 14.3 percentage points.

22.04.2026 15:29

Middle East crisis could increase economic pressure on Armenia- Russian expert

The ongoing crisis in the Middle East is heightening economic risks for both Armenia and its neighboring countries, according to Professor Vladimir Avatkov, who leads the Department of Middle and Post-Soviet East at the Institute of Scientific Information on Social Sciences of the Russian Academy of Sciences, in an interview with the ARKA news agency.

22.04.2026 13:42

Electricity supply to railways under TRIPP project to begin in 2026, says Pashinyan

As part of the TRIPP investment project, power transmission lines for railway infrastructure are planned to be commissioned this year, announced by Armenian Prime Minister Nikol Pashinyan.

22.04.2026 11:54

Armenia aims to boost industrial production to 5 trillion drams over the next five years- Pashinyan

Prime Minister Nikol Pashinyan announced that Armenia's industrial output is set to rise by 50%, increasing from the current 3.3 trillion drams to 5 trillion drams, as he unveiled his Civil Contract party's election platform.

22.04.2026 11:45

Secretary of the Armenian Security Council to speak at the Delphi Economic Forum in Greece

Secretary of the Armenian Security Council Armen Grigoryan will speak at the Delphi Economic Forum in Greece on April 22, the press service of the Armenian Security Council reported.

21.04.2026 14:47