EDB expects high economic activity in Armenia to continue in 2026
04.05.2026,
17:15
The Eurasian Development Bank (EDB) expects high economic activity in Armenia to continue in 2026.
YEREVAN, May 4. /ARKA/. The Eurasian Development Bank (EDB) expects high economic activity in Armenia to continue in 2026.
"Economic activity in Armenia grew by 7.1% year-on-year in January-March 2026, following 7.4% year-on-year in January-February. The main contributors were services (+7.4% year-on-year), construction (+22.0% year-on-year), and industry (+13.4% year-on-year). Foreign trade maintained its positive trend: exports increased by 4.5% year-on-year, and imports by 4.6% year-on-year," according to the EDB's weekly macroeconomic review.
Armenian Economic Figures and Forecasts
The 2026 state budget projects economic growth in Armenia at 5.4%. 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 scenarios (A-B).
Armenian economic growth forecasts from international financial institutions for 2026: 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).
"Economic activity in Armenia grew by 7.1% year-on-year in January-March 2026, following 7.4% year-on-year in January-February. The main contributors were services (+7.4% year-on-year), construction (+22.0% year-on-year), and industry (+13.4% year-on-year). Foreign trade maintained its positive trend: exports increased by 4.5% year-on-year, and imports by 4.6% year-on-year," according to the EDB's weekly macroeconomic review.
Armenian Economic Figures and Forecasts
The 2026 state budget projects economic growth in Armenia at 5.4%. 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 scenarios (A-B).
Armenian economic growth forecasts from international financial institutions for 2026: 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).
