Wed, 25 June
21.1 C
Yerevan
USD: 385.62 RUB: 4.93 EUR: 447.28 GEL: 141.59 GBP: 524.83

Armenia’s per capita GDP in 2020 drops to $4,269

YEREVAN, February 22. /ARKA/. Armenia’s per capita GDP in 2020 amounted to a little over 2 million drams or $4,269, according to the numbers, released today by the National Statistical Committee (NSC).

In terms of quarterly per capita GDP in the first quarter it was $888, in the second – $886, in the third – $1,213, and in the fourth – $1,272.

In late 2019,  Armenian Prime Minister Nikol Pashinyan claimed  that in 2020 Armenia would  overtake Azerbaijan in terms of per capita GDP.

In 1995, Armenia’s per capita GDP was $420, in  2015 it surged to $3512, in 2018 it grew further to $4280, and at the end of 2019 it was worth  $4604.

According to the latest numbers, released by the National Statistical Committee, Armenia’s economy shrank in 2020 by 7.6% from the previous year.

In its latest flagship Global Economic Prospects report, published in early January, 2021, the World Bank predicted 3.1% growth for Armenia’s economy in 2021 and 4.5% growth in 2022 after contracting by 8% in Covid-19 inflicted 2020.

The government has projected 3.2% growth for 2021 and 4% (± 1.5%) inflation. ($1 – 524.48 drams). -0-

spot_img

POPULAR

VTB (Armenia) becomes official partner of Music for the Future Foundation

VTB (Armenia) has become a partner of the Music for the Future Foundation. The bank will support the foundation's key programs, including the development of cultural and educational projects, the organization of concerts, and the allocation of scholarships for young musicians.

Moody’s upgrades long-term deposit ratings of Unibank to B1, outlook stable

Moody's has upgraded Unibank long-term local and foreign currency bank deposit ratings to B1 from B2 and changed the outlook on these ratings to stable.

Armenian parliament approves annual report on execution of 2024 state budget

At a session on Thursday, the National Assembly of Armenia approved the annual report on the execution of the 2024 state budget.

Euro jumps 2.96 points against the Armenian dram, as US dollar and ruble riose slightly

The average market exchange rate of the US dollar against the Armenian dram as of June 20, 2025, rose by 0.87 points compared to June 19 and amounted to 385.68 drams.

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

LATEST NEWS

spot_imgspot_imgspot_img