Armenia plans to ensure over $8,500 GDP per capita in 2025 – Papoyan

YEREVAN, March 17. /ARKA/. Armenia plans to ensure the size of GDP per capita more than $8,500 by the end of 2025, Minister of Economy Gevorg Papoyan said.

“This is already a rather big indicator, which in the context of the last 7-8 years will record more than twofold growth,” Papoyan noted at the session of the parliamentary committee on regional and Eurasian integration on Monday.

According to the National Statistical Committee, by the end of 2024, GDP per capita in market prices amounted to AMD 3,338,443, which corresponds to 8,501 U.S. dollars or 7,857 euros.

Overall, the nominal volume of the  GDP in current prices in 2024 amounted to 10,127,165.9 million drams (5.9% growth by 2023). ($1 – 392.34 drams).

spot_img

POPULAR

Unisport – Armenian Futsal Cup holder

The futsal club Unisport, whose main sponsor is Unibank, became the winner of the Armenian Futsal Cup.

VTB (Armenia) Improves Terms for Real Estate-Secured Loans

VTB (Armenia) has updated the terms of its consumer loans secured by real estate, making the product more accessible and flexible for retail clients. Under the updated offer, clients can apply for a loan of up to 30 million drams, using residential or commercial real estate as collateral within the country.

Armbanks Weekly Digest: Key Events in Armenia’s Financial Market (May 11–17) 

Last week's agenda included issues of credit institution sustainability, public debt structure, capital market development, and digital financial services. Special attention was paid to SME access to bank financing, Open Banking, and insurance technologies.

Net non-commercial remittances in Armenia accelerated to 11.7% in March – WB

Net non-commercial remittances in Armenia increased by 11.7% year-on-year in March, following a 5.2% year-on-year increase in February, according to the World Bank's "Armenia Monthly Economic Update – May 2026."

30 years of trust, partnership, and shared values: Ameriabank CEO congratulates ARKA on its anniversary

Ameriabank CEO Artak Hanesyan congratulated ARKA News Agency on its 30th anniversary.

LATEST NEWS

spot_imgspot_imgspot_img