Papoyan on growth in Armenia's economic sectors and decline in exports and imports in 2025
06.02.2026,
13:35
In 2025, Armenia's economic activity rate climbed to 9.1%, up from 8.3% in 2024, as reported by Minister of Economy Gevorg Papoyan.
YEREVAN, February 6. /ARKA/. In 2025, Armenia's economic activity rate climbed to 9.1%, up from 8.3% in 2024, as reported by Minister of Economy Gevorg Papoyan.
"Every sector of the economy has experienced growth. The services sector increased by more than 10%, trade rose by 3%, agriculture saw about a 6% boost, construction surged by over 20%, and industry grew by 4.7%," Papoyan stated during a press conference on Friday discussing the 2025 results.
He mentioned that there has been a decline in both exports and imports, attributed to a drop in the re-export of refined (Russian) gold, along with a slight decrease in the supply of other goods due to tightening sanctions.
The minister emphasized that the Armenian government is vigilant in monitoring all decisions made by the EU or the US concerning Russia's exports."We immediately take them into account and make appropriate decisions. That's why we prevented goods transiting through Armenia in 2023-2024 from doing so in 2025, as we are closely cooperating with our European partners on this issue. As a result, we are seeing a reduction in re-exports in a number of areas," Papoyan noted.
The state budget for Armenia projects economic growth at 5.1% for 2025 and 5.4% for 2026.
"Every sector of the economy has experienced growth. The services sector increased by more than 10%, trade rose by 3%, agriculture saw about a 6% boost, construction surged by over 20%, and industry grew by 4.7%," Papoyan stated during a press conference on Friday discussing the 2025 results.
He mentioned that there has been a decline in both exports and imports, attributed to a drop in the re-export of refined (Russian) gold, along with a slight decrease in the supply of other goods due to tightening sanctions.
The minister emphasized that the Armenian government is vigilant in monitoring all decisions made by the EU or the US concerning Russia's exports."We immediately take them into account and make appropriate decisions. That's why we prevented goods transiting through Armenia in 2023-2024 from doing so in 2025, as we are closely cooperating with our European partners on this issue. As a result, we are seeing a reduction in re-exports in a number of areas," Papoyan noted.
The state budget for Armenia projects economic growth at 5.1% for 2025 and 5.4% for 2026.
