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 December 11, 2018.
| 1Output growth data are presented for economic sectors. |
| 2Including fishing. |
| 3Includes alcoholic beverages and tobacco. |
| 4Money transfers of individuals by banking system of RA. |
Main indicators of current economic trends, in % to the same period of previous year
|
|
2015 |
2016 |
2017 |
2016 |
2017 |
2018 |
2016 |
2017 |
2018 |
|
Yearly |
January-June1 |
January-September1 |
|||||||
|
Indicator of economic activity |
3.0 |
0.7 |
7.7 |
5.3 |
6.3 |
8.8 |
1.6 |
5.8 |
6.4 |
|
GDP real growth |
3.2 |
0.2 |
7.5 |
3.4 |
7.0 |
8.6 |
1.4 |
6.2 |
6.6 |
|
Agriculturial growth2 |
13.2 |
-5.0 |
-5.3 |
3.2 |
-1.3 |
5.2 |
-2.4 |
-9.6 |
-4.6 |
|
in which Plant growing output |
15.4 |
-11.7 |
-7.2 |
2.2 |
-6.5 |
21.1 |
-6.0 |
-17.1 |
-6.0 |
|
Industrial growth |
6.2 |
7.7 |
6.6 |
8.9 |
12.4 |
3.7 |
7.1 |
11.9 |
4.0 |
|
in which Manufacturing |
-5.5 |
11.1 |
5.9 |
5.1 |
17.5 |
8.6 |
5.6 |
15.1 |
9.6 |
|
Mining |
56.8 |
5.9 |
18.2 |
18.8 |
8.9 |
-9.8 |
13.7 |
10.6 |
-12.7 |
|
Energency |
5.3 |
0.0 |
0.6 |
11.4 |
0.5 |
3.3 |
5.8 |
2.9 |
4.2 |
|
Water supply |
39.8 |
25.3 |
17.4 |
8.2 |
9.0 |
-1.6 |
7.1 |
8.8 |
-0.4 |
|
Construction growth |
-3.1 |
-14.1 |
2.5 |
-7.8 |
-10.0 |
13.5 |
-9.3 |
-6.4 |
7.6 |
|
Trade growth |
-8.3 |
5.1 |
19.9 |
-0.3 |
12.6 |
9.1 |
-0.1 |
12.5 |
10.1 |
|
Service growth (excluding trade) |
4.0 |
2.9 |
10.2 |
8.3 |
10.9 |
9.1 |
8.1 |
12.8 |
18.8 |
|
External trade turnover growth (in USD) |
-20.9 |
7.4 |
26.9 |
2.7 |
24.0 |
28.9 |
5.7 |
21.7 |
22.4 |
|
Export |
-4.0 |
20.0 |
25.2 |
16.7 |
21.0 |
20.0 |
19.6 |
19.1 |
11.6 |
|
Import |
-26.8 |
1.6 |
27.8 |
-3.7 |
25.8 |
33.9 |
-0.8 |
23.2 |
28.6 |
|
Net export (balance of goods), % in GDP |
-16.7 |
-14.3 |
-16.8 |
-15.3 |
-18.3 |
-22.3 |
-13.5 |
-16.2 |
-21.0 |
|
Fiscal indicators |
|||||||||
|
State budjet revenues growth |
2.0 |
0.3 |
5.7 |
1.6 |
6.3 |
4.3 |
-0.9 |
5.0 |
6.2 |
|
in which taxes and duties |
0.4 |
1.1 |
7.3 |
2.2 |
7.4 |
4.1 |
0.0 |
6.2 |
6.1 |
|
State budget expenditures growth |
14.1 |
2.8 |
3.8 |
6.2 |
-1.9 |
-1.6 |
3.0 |
-0.9 |
-2.3 |
|
State budjet deficit, % in GDP |
-4.8 |
-5.5 |
-4.8 |
-4.2 |
-1.8 |
-0.2 |
-4.1 |
-2.5 |
-0.4 |
|
Public debt, % in GDP |
48.7 |
56.7 |
58.9 |
- |
- |
- |
- |
- |
- |
|
Consumer price index (end of period) |
-0.1 |
-1.1 |
2.6 |
-1.0 |
1.2 |
-0.6 |
-3.7 |
-1.7 |
-0.8 |
|
in which Food products3 |
-3.7 |
-0.2 |
5.3 |
-1.2 |
3.9 |
-3.0 |
-5.9 |
-2.9 |
-3.0 |
|
Non food products |
3.4 |
-3.4 |
1.7 |
-2.1 |
-1.6 |
1.9 |
-3.5 |
-0.8 |
1.4 |
|
Services |
3.2 |
-0.7 |
-0.5 |
0.0 |
-0.8 |
1.1 |
-0.7 |
-0.6 |
0.7 |
|
Consumer price index (period average) |
3.7 |
-1.4 |
1.0 |
-1.5 |
0.5 |
2.4 |
-1.6 |
0.6 |
2.6 |
|
Exchange rate devaluation (end of period) |
|||||||||
|
to USD |
1.8 |
0.0 |
0.0 |
-1.5 |
-0.7 |
0.4 |
-1.9 |
-1.1 |
0.9 |
|
to EUR |
-8.4 |
-3.1 |
13.3 |
0.3 |
7.0 |
2.5 |
0.3 |
10.2 |
-0.9 |
|
to RUR |
-18.8 |
19.0 |
6.6 |
12.4 |
2.8 |
-5.1 |
13.1 |
4.9 |
-11.4 |
|
Financial market interests rates |
|||||||||
|
Refinancing rate (repo interest rate) of CBA |
8.8 |
6.3 |
6.0 |
7.5 |
6.0 |
6.0 |
6.8 |
6.0 |
6.0 |
|
Government bonds (medium term) |
15.5 |
10.1 |
- |
13.5 |
9.0 |
- |
11.0 |
8.0 |
- |
|
Deposit rate (>1 year, physical entities, in drams) |
14.8 |
12.5 |
9.9 |
13.4 |
11.5 |
9.6 |
13.0 |
10.5 |
9.6 |
|
loans (physical entities, in drams) |
12.3 |
12.9 |
11.2 |
12.8 |
11.6 |
11.3 |
11.6 |
11.8 |
11.0 |
|
Lending rate, in drams (>1 year, legal entities) |
13.8 |
12.9 |
10.2 |
13.0 |
12.8 |
11.0 |
14.3 |
12.5 |
11.4 |
|
Lending rate, in dollars (>1 year, legal entities) |
9.9 |
9.2 |
9.2 |
9.9 |
8.9 |
8.6 |
10.1 |
9.2 |
8.5 |
|
Monetary indicators |
|||||||||
|
Broad money growth |
10.8 |
17.5 |
18.5 |
13.9 |
17.5 |
13.6 |
16.2 |
19.3 |
10.8 |
|
Governence crediting growth (by banks) |
14.8 |
190.5 |
42.0 |
1,511.0 |
55.9 |
14.3 |
246.6 |
48.5 |
10.7 |
|
Economy crediting growth (by banks) |
-3.3 |
6.0 |
16.6 |
3.8 |
7.8 |
22.4 |
4.1 |
12.8 |
20.6 |
|
Deposit growth (within banks) |
13.9 |
18.5 |
19.6 |
16.6 |
17.6 |
13.4 |
17.6 |
19.9 |
10.8 |
|
in which FX deposit growth |
16.3 |
11.2 |
8.4 |
12.2 |
12.1 |
3.2 |
12.0 |
11.4 |
2.3 |
|
Currency growth (outside banks) |
-0.8 |
13.1 |
13.9 |
2.3 |
16.7 |
14.8 |
10.1 |
16.6 |
10.9 |
|
Reserve Money (without PIU accounts), bln drams |
921.3 |
1,042.3 |
1,032.0 |
777.0 |
956.5 |
975.8 |
898 |
979 |
1,111․0 |
|
Money transfers growth4 |
|
|
|
|
|
|
|
|
|
|
USD |
-23.2 |
-6.1 |
14.6 |
-8.8 |
16.4 |
8.7 |
-10.9 |
16.4 |
3.6 |
|
AMD |
-11.5 |
-5.7 |
15.2 |
-7.6 |
16.6 |
8.2 |
-10.5 |
16.8 |
3.7 |
|
Energy production growth |
0.6 |
-6.2 |
6.1 |
-4.9 |
5.2 |
1.5 |
-6.5 |
6.5 |
0.5 |
