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

Armenia Increases Participant Limit for Non-Public Investment Funds from 49 to 99

At an extraordinary session on Friday, the National Assembly of Armenia adopted an amendment to the Law "On Investment Funds" in its second and final reading.

Central Bank of Armenia named five key factors influencing inflation

In an interview with CivilNet, Armen Ktoyan, a member of the Board of the Central Bank of Armenia, listed five factors influencing inflation in the country.

A mechanism for restructuring banks instead of liquidation has been introduced in Armenia

At an extraordinary meeting on Friday, the National Assembly of Armenia adopted the law “On Bank Restructuring” and a number of related laws in the second and final reading.

Financial adventures lead to great victories: the results of the 4th Junius online tournament have been announced

Intense competition, new discoveries, and useful leisure time—these are the characteristics that best describe the Junius online financial tournament, so beloved by children.

Reverse mortgages for pensioners and new property rights for spouses will be introduced in Armenia

At an extraordinary session on Friday, the National Assembly of Armenia adopted, in the second and final reading, amendments to the Civil Code of the Republic of Armenia, introducing the concept of reverse mortgages and a new type of property rights for spouses.

LATEST NEWS

spot_imgspot_imgspot_img