Central Bank: Armenia maintains high economic growth amid global uncertainty
18.06.2026,
15:57
Armenia maintains high economic growth amid global uncertainty, stated Armen Nurbekyan, Deputy Chairman of the Central Bank.
YEREVAN, June 18. /ARKA/. Armenia maintains high economic growth amid global uncertainty, stated Armen Nurbekyan, Deputy Chairman of the Central Bank.
"In 2026, the macroeconomic situation is characterized by global uncertainty: significant fluctuations in global oil prices are observed. As a result, prices in Armenia also rose, but they have declined again in recent months," Nurbekyan said at a parliamentary session.
According to him, the main risks to the economy are related to the global economic situation.
"From the perspective of Armenia's domestic economy, developments are generally positive. Demand is growing, and tourist flow has increased, leading to a significant influx of foreign currency. Overall, the favorable economic environment remains," Nurbekyan noted.
Armenian Economic Figures and Forecasts
The 2026 state budget projects 5.4% economic growth for Armenia. According to preliminary statistics, Armenia's GDP grew by 4% in the first quarter of this year compared to January-March 2025.
According to the Central Bank's monetary policy report for the first quarter of this year, Armenia's GDP growth is expected to be 7.1-4.7% by the end of 2026, 5.7-5.3% in 2027, and 4.9-5.2% in 2028, depending on scenario (A-B).
Armenian economic growth forecasts from international financial institutions for 2026: EDB - 5.3%; WB - 5.3%; IMF - 5.25%; ADB - 5.5%; EBRD - 5.5%; S&P Global Ratings - 5.3%. Fitch Ratings – above 5% (for 2026-2027).
"In 2026, the macroeconomic situation is characterized by global uncertainty: significant fluctuations in global oil prices are observed. As a result, prices in Armenia also rose, but they have declined again in recent months," Nurbekyan said at a parliamentary session.
According to him, the main risks to the economy are related to the global economic situation.
"From the perspective of Armenia's domestic economy, developments are generally positive. Demand is growing, and tourist flow has increased, leading to a significant influx of foreign currency. Overall, the favorable economic environment remains," Nurbekyan noted.
Armenian Economic Figures and Forecasts
The 2026 state budget projects 5.4% economic growth for Armenia. According to preliminary statistics, Armenia's GDP grew by 4% in the first quarter of this year compared to January-March 2025.
According to the Central Bank's monetary policy report for the first quarter of this year, Armenia's GDP growth is expected to be 7.1-4.7% by the end of 2026, 5.7-5.3% in 2027, and 4.9-5.2% in 2028, depending on scenario (A-B).
Armenian economic growth forecasts from international financial institutions for 2026: EDB - 5.3%; WB - 5.3%; IMF - 5.25%; ADB - 5.5%; EBRD - 5.5%; S&P Global Ratings - 5.3%. Fitch Ratings – above 5% (for 2026-2027).
