Economic activity in Armenia increased by 8% in January-May 2026
25.06.2026,
16:46
According to preliminary data, Armenia's economic activity index increased by 8% in January-May 2026 compared to the same period in 2025, the Statistical Committee of the Republic reports.
YEREVAN, June 25. /ARKA/. According to preliminary data, Armenia's economic activity index increased by 8% in January-May 2026 compared to the same period in 2025, the Statistical Committee of the Republic reports.
Moreover, in May of this year, the indicator increased by 11.7% compared to May of last year, and by 9.9% compared to April of this year.
Industrial production in the first five months amounted to 1,265,799.5 million drams, an increase of 12.2% compared to January-May 2025. In May, year-on-year growth was 9.5%, and compared to April, it was 1.2%. Construction volume during the reporting period amounted to 207,336.6 million drams, an increase of 24.1% compared to the same period last year. In May, year-on-year growth was 27.1%, and month-on-month growth was 27.2%.
Domestic trade turnover for January-May amounted to 2,569,916.4 million drams, a 1.2% increase compared to the same period last year. In May, the year-on-year figure remained unchanged, while a 1.6% decline was recorded compared to April.
The service sector's turnover excluding trade reached 1,733,631.8 million drams for the first five months of 2026, an increase of 9.1% compared to the same period in 2025. In May, year-on-year growth was 14.7%, and month-on-month growth was 6.9%.
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: World Bank - 5.3%; IMF - 5.25%; ADB - 5.5%; EBRD - 5.5%; EDB - 6%; S&P Global Ratings - 5.3%. Fitch Ratings – above 5% (for 2026-2027).
Moreover, in May of this year, the indicator increased by 11.7% compared to May of last year, and by 9.9% compared to April of this year.
Industrial production in the first five months amounted to 1,265,799.5 million drams, an increase of 12.2% compared to January-May 2025. In May, year-on-year growth was 9.5%, and compared to April, it was 1.2%. Construction volume during the reporting period amounted to 207,336.6 million drams, an increase of 24.1% compared to the same period last year. In May, year-on-year growth was 27.1%, and month-on-month growth was 27.2%.
Domestic trade turnover for January-May amounted to 2,569,916.4 million drams, a 1.2% increase compared to the same period last year. In May, the year-on-year figure remained unchanged, while a 1.6% decline was recorded compared to April.
The service sector's turnover excluding trade reached 1,733,631.8 million drams for the first five months of 2026, an increase of 9.1% compared to the same period in 2025. In May, year-on-year growth was 14.7%, and month-on-month growth was 6.9%.
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: World Bank - 5.3%; IMF - 5.25%; ADB - 5.5%; EBRD - 5.5%; EDB - 6%; S&P Global Ratings - 5.3%. Fitch Ratings – above 5% (for 2026-2027).
