Mon, 29 September
27.1 C
Yerevan
USD: 382.75 RUB: 4.63 EUR: 448.54 GEL: 141.34 GBP: 513.96

Armenian ministry of finance predicts 6.5 percent GDP growth up to 2025

YEREVAN, March 12. / ARKA /. Armenia’s ministry of finance predicts that the Gross Domestic Product (GDP) will be growing annually 6.3-6.5% up to 2025. This figures can be found in the government’s “Long-Term Strategic Development Program for 2012-25.” It forecasts a 6.3 percent economic expansion for 2013.

According to this program, by 2025 Armenia’s GDP will reach $30.6 billion, up from $10.8 billion projected for 2013. By 2025 per capita GDP is supposed to rise to $10,064, which is by $6,496 higher than forecasted for the current year.

The program also projects industrial growth of 9-10 percent a year up to 2025 to exceed GDP growth rate and to make 22.4 percent of the overall gross domestic product.

Under the program, the agriculture is to grow by 3-5 5%a year until 2025, and its share in GDP at the end of the period is to reach 14.2%. Also, construction is projected to grow from 4 to 7%, and its share to make 11.3% of the GDP. Services are expected to grow 6-7% to 42.3% of the overall GDP by 2025.

The ministry of finances also expects investments to make 27.5% of GDP by 2025 reaching the peak in 2017 – about 28.4% of GDP. The projection for this year is 26.9% of the GDP.
Armenia’s external debt is to gradually reduce to 16.2% of GDP. -0-

spot_img

POPULAR

Ranking of the most profitable banks in Armenia based on results of second quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the second quarter of 2025.

“We want the word ‘investor’ in Armenia to mean normality, not elitism” – Freedom Broker Armenia

ARKA news agency spoke with Freedom Broker Armenia Director Ovak Ovakimian about the transformation of investment thinking, company strategy and trust as an economic value.

Ranking of most profitable banks in Armenia based on results of first quarter of 2025

ARKA news agency publishes the ranking of the most profitable commercial banks in Armenia based on the results of the first quarter of 2025.

Net loan portfolio of Armenian banks in Q2 2025 increased by 6.11% to AMD 6.8 trillion

The combined loan portfolio of 17 Armenia-based commercial banks upped  by 6.11% in Q2 2025 compared to Q1 2025, amounting to AMD 6.82 trillion, according to a ranking compiled by  the ARKA news agency.

Moody’s upgrades Converse Bank’s ratings

Moody's Ratings has upgraded Converse Bank CJSC's long-term local and foreign currency bank deposit ratings to Ba3 from B1, aligning the Bank’s rating with Armenia’s sovereign rating.

LATEST NEWS

spot_imgspot_imgspot_img