Markets Actual Q4 Q1 Q2 Q3 2022
Currency 481.50 484 486 488 490 495

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 2.70 7 3.5 3.2 3 3.5
Unemployment Rate (%) 15.00 17.5 17 16 16 16
Inflation Rate (%) 9.10 10 9 7 3 3.5
Interest Rate (%) 7.25 7.75 8 8 8 8
Balance of Trade (USD Million) -273.50 -229 -229 -229 -229 -229
Current Account (USD Million) -38.94 -250 -250 -250 -250 -250
Current Account to GDP (% of GDP) -4.00 -2.6 -2.6 -2.6 -2.6 -6.8
Government Debt to GDP (% of GDP) 62.79 56.3 56.3 56.3 56.3 54.5
Government Budget (% of GDP) -5.40 -2.9 -2.9 -2.9 -2.9 -2.3
Personal Income Tax Rate (%) 22.00 36 36 36 36 36
Corporate Tax Rate (%) 18.00 20 20 20 20 20

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) 2.70 7 3.5 3.2 3 3.5
GDP (USD Billion) 12.65 11 11 11 11 14
GDP Constant Prices (AMD Million) 1900549.80 2032086 1329029 1625904 1957566 2103209
Gross Fixed Capital Formation (AMD Million) 322523.30 496296 152871 191681 332199 513666
GDP per capita (USD) 4012.36 4480 4480 4480 4480 4760
GDP per capita PPP (USD) 12592.64 13500 13500 13500 13500 13900
GDP From Agriculture (AMD Million) 278999.00 264188 58323 126711 287369 273434
GDP From Construction (AMD Million) 123445.60 186657 48230 68046 127149 193190
GDP From Manufacturing (AMD Million) 203950.60 257860 132543 178450 210069 266885
GDP From Mining (AMD Million) 56920.00 53482 60165 69682 58628 55354
GDP From Public Administration (AMD Million) 71724.20 126719 72196 76658 73876 131154
GDP From Services (AMD Million) 36869.30 23707 18976 27626 37975 24537
GDP From Transport (AMD Million) 47334.60 36237 27432 39481 48755 37505
GDP From Utilities (AMD Million) 7539.90 5527 6294 7114 7766 5720

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 15.00 17.5 17 16 16 16
Unemployed Persons (Thousand ) 61.40 58 58 58 58 58
Labor Force Participation Rate (%) 56.20 61.7 61.7 61.7 61.7 61.7
Wages (AMD/Month) 206297.00 250000 250000 250000 250000 250000
Minimum Wages (AMD/Month) 68000.00 65000 65000 65000 65000 65000
Population (Million) 2.96 2.94 2.94 2.94 2.94 2.93
Retirement Age Women 63.00 63 63 63 63 63
Retirement Age Men 63.00 63 63 63 63 63
Wages In Manufacturing (AMD/Month) 183541.00 242000 242000 242000 242000 242000

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 9.10 10 9 7 3 3.5
Consumer Price Index CPI (points) 140.70 148 152 150 145 153
Core Consumer Prices (points) 100.36 108 106 106 106 114
Core Inflation Rate (%) 7.90 7.5 5.5 5.5 5.2 5.1
Producer Prices (points) 102.70 121 109 110 108 126
Inflation Rate Mom (%) 0.70 0.7 0.7 0.7 0.7 0.7
Food Inflation (%) 16.00 4.4 2 2 2 2.4
Producer Prices Change (%) 10.80 11 7.4 7 5.2 4

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 7.25 7.75 8 8 8 8
Money Supply M2 (AMD Million) 2292096.00 1750000 1750000 1750000 1750000 1750000
Deposit Interest Rate (%) 8.43 8.93 9.18 9.18 9.18 9.18
Lending Rate (%) 8.75 6.5 6.5 6.5 6.5 6.5
Foreign Exchange Reserves (USD Million) 3126.50 2130 2130 2130 2130 2130

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) -273.50 -229 -229 -229 -229 -229
Current Account (USD Million) -38.94 -250 -250 -250 -250 -250
Current Account to GDP (% of GDP) -4.00 -2.6 -2.6 -2.6 -2.6 -6.8
Exports (USD Million) 267.30 232 232 232 232 232
Imports (USD Million) 540.80 461 461 461 461 461
External Debt (USD Million) 14044.71 12800 12800 12800 12800 12800
Foreign Direct Investment (USD Million) 82.70 120 120 120 120 120
Tourist Arrivals (Thousand) 14971.00 65000 65000 65000 65000 100000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 62.79 56.3 56.3 56.3 56.3 54.5
Government Budget (% of GDP) -5.40 -2.9 -2.9 -2.9 -2.9 -2.3
Government Budget Value (AMD Million) -20629.30 -190000 -190000 -190000 -190000 -190000
Government Debt (AMD Billion) 4329.20 4370 4370 4370 4370 4370
Military Expenditure (USD Million) 635.00 451 451 451 451 451
Government Spending (AMD Million) 326399.40 397917 194607 235561 336191 411844

Taxes Actual Q4 Q1 Q2 Q3 2022
Personal Income Tax Rate (%) 22.00 36 36 36 36 36
Corporate Tax Rate (%) 18.00 20 20 20 20 20
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 7.00 0 0 7 7 7
Social Security Rate For Companies (%) 3.50 0 0 3.5 3.5 3.5
Social Security Rate For Employees (%) 3.50 10 10 10 10 10

Business Actual Q4 Q1 Q2 Q3 2022
Industrial Production (%) 3.90 6 3 3 3 5
Industrial Production Mom (%) 5.90 5 5 5 5 5
Manufacturing Production (%) -1.70 9.5 9.5 9.5 9.5 8.5
Leading Economic Index (%) 3.60 3 3 2 2 4
Mining Production (%) -18.00 5 5 5 5 5
Changes In Inventories (AMD Million) 65591.00 115000 115000 115000 115000 115000

Consumer Actual Q4 Q1 Q2 Q3 2022
Retail Sales YoY (%) 12.70 7.5 7.5 7.5 7.5 7.5
Consumer Credit (AMD Million) 833161.75 994075 947609 899127 858157 1028868
Consumer Spending (AMD Million) 1295192.50 1299828 1100762 1249788 1334048 1345322

Housing Actual Q4 Q1 Q2 Q3 2022
Construction Output (%) 3.60 5 2.5 1.5 1.5 3


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Armenia Forecast - was last updated on Monday, November 29, 2021.