EDB: Armenia's economy grew by 7.2% in 2025, with growth forecast at 5.3% in 2026
17.03.2026,
18:06
Armenia's economy grew by 7.2% in 2025, with growth forecast at 5.3% in 2026, according to the Eurasian Development Bank (EDB) forecast.
YEREVAN, March 17. /ARKA/. Armenia's economy grew by 7.2% in 2025, with growth forecast at 5.3% in 2026, according to the Eurasian Development Bank (EDB) forecast. This was stated in the EDB's March macroeconomic review.
According to the bank's analysts, financial services, information and communications, and construction made the largest contributions to Armenia's economic growth in 2025. Output in these sectors increased by 14.7%, 18.6%, and 21%, respectively. On the demand side, the main drivers were household consumer spending, which grew by 10.7%, and investment, which increased by 15.6%. The contribution of net exports was negative, amid a decline in foreign trade indicators. In January 2026, economic activity in Armenia grew by 7.6% year-on-year.
This growth was driven by services, which grew by 7.4%, industry by 10.6%, and construction by 18.7%, driven in part by the expansion of mortgage lending. Domestic demand was further supported by a 22% increase in consumer lending and a 44% increase in non-commercial remittances.
According to the statistical table of the review, retail turnover in Armenia grew by 7.5% year-on-year in January 2026.
According to the bank's analysts, financial services, information and communications, and construction made the largest contributions to Armenia's economic growth in 2025. Output in these sectors increased by 14.7%, 18.6%, and 21%, respectively. On the demand side, the main drivers were household consumer spending, which grew by 10.7%, and investment, which increased by 15.6%. The contribution of net exports was negative, amid a decline in foreign trade indicators. In January 2026, economic activity in Armenia grew by 7.6% year-on-year.
This growth was driven by services, which grew by 7.4%, industry by 10.6%, and construction by 18.7%, driven in part by the expansion of mortgage lending. Domestic demand was further supported by a 22% increase in consumer lending and a 44% increase in non-commercial remittances.
According to the statistical table of the review, retail turnover in Armenia grew by 7.5% year-on-year in January 2026.
