Statistical service head: Armenia’s GDP makes up 85.6% of its 2008 GDP

YEREVAN, March 15. /ARKA/. Armenia’s 2009 GDP made up 85.6% of its 2008 GDP, Stepan Mnatsakanyan, chairman of National Statistical Service of Armenia, said Friday summarizing the 2009 results.

He said that GDP amounted to AMD 3165.5 billion ($8.7 billion) in 2009 against AMD 36461.1 billion ($11.9 billion) in 2008.

Mnatsakanyan also said that consumer prices index was 103.4% in 2009, compared with the previous year, and 106.5% in December 2009, compared with Dec 2008.

He said that construction sector faced 36.4% decline in 2009, industry fell 7.8% and trade turnover reduced 4%, while services sector, excluding trade, enjoyed 1.3% growth.

According to the National Statistical Service, Armenian economy dropped 14.4% in 2009. —0—

spot_img

POPULAR

Ranking of the Most Profitable Armenian Banks for the First Quarter of 2026

ARKA News Agency has published a ranking of the most profitable Armenian banks for the first half of 2026.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Euro continued to rise against the Armenian dram, while the dollar and ruble weakened: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of July 16, 2026, fell by 0.6 points compared to July 15, reaching 366.57 drams.

MONEYVAL does not pose a direct threat to the Armenian economy, but requires balanced implementation of its recommendations – economist

The recommendations of the MONEYVAL report on Armenia do not pose a direct threat to the country's economy, but their implementation must be proportionate and not create unjustified barriers for bona fide businesses and investors, according to economist Hrant Mikaelyan.

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May — World Bank

Net inflow of non-commercial remittances to Armenia increased by 30.2% in May 2026 compared to the same period last year, according to the World Bank's Armenia Monthly Economic Update – July 2026.

LATEST NEWS

spot_imgspot_imgspot_img