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Tag: GDP

Armenia’s national debt at the end of 2022 to make 60.2% of GDP – Minister of Finance says

Armenia's national debt at the end of 2022 will amount to 4 trillion 740 billion drams or 60.2% of GDP, Minister of Finance Tigran Khachatryan said today

Armenian government’s budget deficit in 2022 projected at 3.1% of GDP- minister

The deficit of the Armenian government’s 2022 budget is projected at 3.1% of GDP or 243 billion drams, Finance Minister Tigran Khachatryan said today when speaking at a parliamentary hearing on next year’s budget

In 2021, Armenia’s public debt/GDP ratio will be over 60% threshold- central bank

In 2021, the ratio of public debt to GDP will be exceeding the threshold of 60%, said Chairman of the Central Bank of Armenia Martin Galstyan to ARKA news agency on Tuesday

Armenia’s public debt/GDP ratio comparable with developed countries, finance minister says

“Armenia public debt in 2019 was below 50% of its GDP, but in 2020 it grew to 63.5%, exceeding the 60% threshold laid down in the fiscal rules,' Finance Minister Atom Janjughazyan said a government meeting today.

World Bank: Armenia experienced one of region’s sharpest GDP contractions of .6 percent

In 2020, Armenia experienced one of the region’s sharpest GDP contractions—7.6 percent—as a severe COVID-19 outbreak and a military conflict with Azerbaijan late in the year impacted performance, according to World Bank's latest 'Europe and Central Asia Economic Update, Spring 2021

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

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)

Armenia’s per-capital GDP amounts to $ 1,212 in 3rd Q 2020

Armenia's per capital GDP, according to preliminary data, amounted to $ 1,212 in the third quarter of 2020, having increased by $ 326 over the quarter from $ 886 in the second quarter, the National Statistical Committee of Armenia reports

Level of Armenia’s public debt to GDP in 2020 to make 66.5 percent

The level of Armenia's public debt to GDP by the end of 2020 will be 66.5%, against 49.9% in 2019, and in 2021 it will reach 67%, Armenian Finance Minister Atom Janjughazyan said on Tuesday

Fitch Ratings: Armenia’s public debt to grow to 63% of GDP in 2020

Armenia's external vulnerabilities, including high and growing net external debt, a relatively large structural current account deficit, a reliance on remittances and relatively weak FDI inflows, remain in place, Fitch ratings said in a report

Armenian Central Bank says 2020 GDP drop will amount to 6.2 percent

Armenia's Central Bank has revised its GDP decline forecast for 2020 to 6.2% , Central Bank Chairman Martin Galstyan told reporters on Tuesday

Armenian GDP may shrink by 5% or even more in 2020, according to minister

According to preliminary estimates, Armenia's GDP is expected to shrink by 5% or even more in 2020 due to the coronavirus crisis, Economy Minister Tigran Khachatryan said at a press conference on Friday

Central bank chairman predicts bigger than expected GDP drop in 2020

Armenia's GDP will decline more by the end of 2020 than most of the forecasts predict, the chairman of the Central Bank Martin Galstyan stated at a parliamentary meeting on Thursday