Current economic trends
Data source: National Statistical Service of the Republic of Armenia and Central Bank of Armenia
Calculations and data processing: Economic Development and Research Center (EDRC)
Data were updated on June 05, 2017.
| 1Output growth data are presented for economic sectors. |
| 2Including fishing. |
| 3Data for January-April don't include PIU accounts. |
| 4Includes alcoholic beverages and tobacco. |
| 5Money transfers of individuals by banking system of RA. |
Main indicators of current economic trends, in % to the same period of previous year
|
|
2014 |
2015 |
2016 |
2015 |
2016 |
2017 |
2015 |
2016 |
2017 |
|
|
Yearly |
January-March1 |
January-April1 |
||||||
|
Indicator of economic activity |
4.1 |
3.0 |
0.5 |
2.8 |
6.1 |
6.6 |
3.0 |
6.2 |
5.7 |
|
GDP real growth |
3.6 |
3.2 |
0.2 |
3.4 |
4.7 |
6.5 |
- |
- |
- |
|
Agriculturial growth2 |
6.1 |
13.2 |
-5.8 |
6.6 |
3.8 |
-1.6 |
7.0 |
4.0 |
-2.6 |
|
in which Plant growing output |
6.9 |
15.4 |
-11.7 |
28.9 |
12.4 |
-44.8 |
10.8 |
9.7 |
-25.1 |
|
Industrial growth |
-0.9 |
6.2 |
4.8 |
2.0 |
8.9 |
16.2 |
4.2 |
10.0 |
12.9 |
|
in which Manufacturing |
6.0 |
-4.0 |
4.4 |
0.6 |
-0.5 |
21.4 |
1.1 |
3.8 |
17.2 |
|
Mining |
-6.4 |
57.9 |
14.9 |
27.7 |
27.7 |
13.8 |
30.9 |
21.5 |
13.5 |
|
Energency |
-15.2 |
6.6 |
1.8 |
-13.2 |
18.0 |
6.9 |
-8.1 |
17.3 |
2.4 |
|
Water supply |
11.9 |
41.0 |
6.8 |
10.2 |
9.3 |
8.8 |
9.7 |
9.4 |
3.9 |
|
Construction growth |
-4.5 |
-3.1 |
-10.8 |
0.8 |
-2.2 |
-13.6 |
0.5 |
-7.4 |
-13.4 |
|
Trade growth |
3.4 |
-8.3 |
1.2 |
-6.3 |
-1.1 |
11.3 |
-7.6 |
-0.7 |
12.1 |
|
Service growth (excluding trade) |
7.8 |
4.0 |
4.8 |
3.9 |
10.0 |
10.0 |
3.1 |
9.3 |
10.1 |
|
External trade turnover growth (in USD) |
1.8 |
-20.9 |
7.4 |
-28.5 |
-3.8 |
17.4 |
-31.4 |
4.2 |
15.1 |
|
Export |
4.6 |
-4.0 |
20.0 |
-23.1 |
26.3 |
16.5 |
-18.8 |
22.2 |
16.1 |
|
Import |
0.9 |
-26.8 |
1.6 |
-30.5 |
-15.9 |
17.9 |
-35.7 |
-3.5 |
14.6 |
|
Net export (balance of goods), % in GDP |
-24.8 |
-16.8 |
-14.3 |
-22.2 |
-13.3 |
-18.0 |
- |
- |
- |
|
Fiscal indicators3 |
|||||||||
|
State budjet revenues growth |
6.9 |
2.0 |
0.3 |
3.0 |
-1.3 |
7.9 |
1.6 |
0.4 |
8.8 |
|
in which taxes and duties |
6.3 |
0.4 |
1.1 |
3.8 |
-0.6 |
10.6 |
1.9 |
1.3 |
10.6 |
|
State budget expenditures growth |
8.1 |
14.1 |
2.8 |
12.0 |
5.3 |
2.1 |
13.3 |
5.2 |
-4.1 |
|
State budjet deficit, % in GDP |
-1.9 |
-4.8 |
-5.5 |
-2.1 |
-3.7 |
-2.0 |
- |
- |
- |
|
Public debt, % in GDP |
43.7 |
48.7 |
56.6 |
- |
- |
- |
- |
- |
- |
|
Consumer price index (end of period) |
4.6 |
-0.1 |
-1.1 |
2.3 |
0.4 |
1.4 |
1.9 |
0.1 |
2.4 |
|
in which Food products4 |
6.3 |
-3.7 |
-0.2 |
2.8 |
1.3 |
4.8 |
1.4 |
0.8 |
6.7 |
|
Non food products |
1.6 |
3.4 |
-3.4 |
3.6 |
-1.3 |
-1.4 |
4.6 |
-1.6 |
-1.1 |
|
Services |
3.0 |
3.2 |
-0.7 |
0.8 |
0.5 |
-1.5 |
0.9 |
0.3 |
-1.3 |
|
Consumer price index (period average) |
3.0 |
3.7 |
-1.4 |
5.1 |
-1.4 |
-0.3 |
5.0 |
-1.5 |
0.1 |
|
Exchange rate devaluation (end of period) |
|||||||||
|
to USD |
17.1 |
1.8 |
0.0 |
-0.8 |
-0.6 |
-0.1 |
0.3 |
-1.1 |
0.2 |
|
to EUR |
3.2 |
-8.4 |
-3.1 |
-12.5 |
3.4 |
0.7 |
-7.8 |
3.0 |
3.5 |
|
to RUR |
-34.5 |
-18.8 |
19.0 |
-0.2 |
7.9 |
9.0 |
13.0 |
12.4 |
7.9 |
|
Financial market interests rates |
|||||||||
|
Refinancing rate (repo interest rate) of CBA |
8.5 |
8.8 |
6.3 |
10.5 |
8.3 |
- |
10.5 |
8.3 |
- |
|
Government bonds (medium term) |
12.5 |
15.5 |
10.1 |
14.0 |
14.2 |
10.0 |
14.2 |
14.3 |
8.7 |
|
Deposit rate (>1 year, physical entities, in drams) |
13.3 |
14.8 |
12.5 |
14.6 |
14.2 |
12.4 |
14.9 |
13.8 |
12.4 |
|
Mortgage loans (physical entities, in drams) |
11.9 |
12.3 |
12.9 |
11.6 |
12.7 |
12.5 |
12.8 |
13.0 |
12.0 |
|
Lending rate, in drams (>1 year, legal entities) |
14.7 |
13.8 |
12.9 |
13.9 |
15.2 |
12.6 |
13.5 |
14.4 |
13.9 |
|
Lending rate, in dollars (>1 year, legal entities) |
10.9 |
9.9 |
9.2 |
11.2 |
10.1 |
9.8 |
10.0 |
9.4 |
8.7 |
|
Monetary indicators |
|||||||||
|
Broad money growth |
8.3 |
10.8 |
17.5 |
6.4 |
14.7 |
18.7 |
6.1 |
14.6 |
18.9 |
|
Governence crediting growth (by banks) |
-405.2 |
11.2 |
190.5 |
-209.7 |
72.9 |
165.8 |
-209.3 |
175.8 |
134.2 |
|
Economy crediting growth (by banks) |
21.0 |
-3.5 |
6.0 |
17.0 |
0.5 |
5.4 |
15.9 |
0.7 |
5.6 |
|
Deposit growth (within banks) |
14.2 |
13.9 |
18.5 |
10.8 |
18.2 |
18.0 |
10.4 |
18.0 |
18.3 |
|
in which FX deposit growth |
22.7 |
16.3 |
11.2 |
17.7 |
19.4 |
10.5 |
17.1 |
18.5 |
11.4 |
|
Currency growth (outside banks) |
-9.4 |
-0.8 |
13.1 |
-9.3 |
-0.6 |
22.5 |
-9.1 |
-0.1 |
21.9 |
|
Reserve Money (without PIU accounts), bln drams |
886.8 |
921.3 |
1042.3 |
2432.5 |
2583.8 |
2811.7 |
3241.6 |
3435.6 |
3698.3 |
|
Money transfers growth5 |
|||||||||
|
USD |
-7.8 |
-23.2 |
-6.1 |
-35.1 |
0.1 |
14.5 |
-34.1 |
-2.5 |
11.8 |
|
AMD |
-6.6 |
-11.5 |
-5.7 |
-24.7 |
2.6 |
13.8 |
-23.8 |
-0.4 |
11.5 |
|
Energy production growth |
0.5 |
0.6 |
-6.2 |
-12.6 |
5.0 |
9.3 |
-8.0 |
3.5 |
4.4 |
