Sun, 26 October
7.1 C
Yerevan
USD: 383.05 RUB: 4.73 EUR: 444.80 GEL: 141.19 GBP: 510.03

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

Insurance market of Armenia is in embryonic state

Insurance market of Armenia is in embryonic state

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.

The UAE instead of Europe : why Armenia needs to change its approach to crypto regulation – EXCLUSIVE

The Armenian Forum on Cryptocurrency Assets, organized by the Cilicia Business Club, was recently conducted in Yerevan.

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