Economic activity growth in Armenia has surpassed expectations over the past 10 months – WB
YEREVAN, December 22. /АРКА/. The cumulative growth of economic activity in Armenia from January to October 2025 has reached 8.1% on an annual basis, continuing to exceed initial forecasts, as reported in the World Bank’s "Armenia Monthly Economic Update - November 2025" report.
The report highlights that in October, the growth rate of economic activity remained in double digits, registering at 10.1% (annualized), down from 11.1% in September.
"This increase was driven by the industrial sector, which grew by 17.9% in October, with the mining and processing industries accelerating to 15.9% and 20.8%, respectively (compared to 1.8% and 12.1% in September).
The significant growth in the processing industry was largely attributed to a 2.3-fold rise in the production of non-ferrous metals," the report states.
Additionally, it is noted that the construction sector maintained a high growth rate of 20.1%, while the service sector (excluding trade) expanded by 12.8%, up from 9.9% in September. The wholesale and retail trade activity stabilized at 1% after experiencing rapid growth in 2024.
WB analysts point out that the number of registered enterprises, particularly individual entrepreneurs, was notably high in October for the second consecutive month, exceeding the average figures for January-August 2025 by 25%.
The economic growth forecast for Armenia in the state budget for 2025 is set at 5.1%, with a projection of 5.4% for 2026. According to the Central Bank, GDP growth is anticipated to be between 5.9% and 5.9% by the end of 2025.-0-
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