Markets Actual Q1 Q2 Q3 Q4 2023
Currency 481.12 482 485 487 489 494

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 2.70 3.5 3.2 3 3.5 5
Unemployment Rate (%) 15.00 17 16 16 16 18
Inflation Rate (%) 7.70 9 7 7 3.5 3.6
Interest Rate (%) 7.75 8 8.25 8.5 8.5 7.75
Balance of Trade (USD Million) -284.30 -229 -229 -229 -229 -229
Current Account (USD Million) -57.92 -250 -250 -250 -250 -250
Current Account to GDP (% of GDP) -4.00 -2.6 -2.6 -2.6 -3.8 -4.8
Government Debt to GDP (% of GDP) 62.79 56.3 56.3 56.3 54.5 54.5
Government Budget (% of GDP) -5.40 -2.9 -2.9 -2.9 -2.3 -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 Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) 2.70 3.5 3.2 3 3.5 5
GDP (USD Billion) 12.65 11 11 11 14 14
GDP Constant Prices (AMD Million) 1900549.80 2090857 1329029 1625904 1957566 2103209
Gross Fixed Capital Formation (AMD Million) 322523.30 460418 152871 191681 332199 513666
GDP per capita (USD) 4012.36 4480 4480 4480 4760 4760
GDP per capita PPP (USD) 12592.64 13500 13500 13500 13900 13900
GDP From Agriculture (AMD Million) 278999.00 295881 58323 126711 287369 273434
GDP From Construction (AMD Million) 123445.60 178993 48230 68046 127149 193190
GDP From Manufacturing (AMD Million) 203950.60 208685 132543 178450 210069 266885
GDP From Mining (AMD Million) 56920.00 44871 60165 69682 58628 55354
GDP From Public Administration (AMD Million) 71724.20 98161 72196 76658 73876 131154
GDP From Services (AMD Million) 36869.30 37800 18976 27626 37975 24537
GDP From Transport (AMD Million) 47334.60 57568 27432 39481 48755 37505
GDP From Utilities (AMD Million) 7539.90 6420 6294 7114 7766 5720

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 15.00 17 16 16 16 18
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 2.93 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 Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 7.70 9 7 7 3.5 3.6
Consumer Price Index CPI (points) 142.58 152 150 149 148 153
Core Consumer Prices (points) 100.63 108 106 106 106 114
Core Inflation Rate (%) 8.40 5.5 5.5 5.2 5.1 2.4
Producer Prices (points) 100.00 109 110 108 104 108
Inflation Rate Mom (%) 1.60 0.7 0.7 0.7 0.7 0.7
Food Inflation (%) 12.90 2 2 2 2.4 2.4
Producer Prices Change (%) 9.90 7.4 7 5.2 4 4

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 7.75 8 8.25 8.5 8.5 7.75
Money Supply M2 (AMD Million) 2341175.00 1750000 1750000 1750000 1750000 1750000
Deposit Interest Rate (%) 6.25 6.5 6.75 7 7 6.25
Lending Rate (%) 9.25 9.5 9.75 10 10 9.25
Foreign Exchange Reserves (USD Million) 3126.50 2130 2130 2130 2130 2130

Trade Actual Q1 Q2 Q3 Q4 2023
Balance of Trade (USD Million) -284.30 -229 -229 -229 -229 -229
Current Account (USD Million) -57.92 -250 -250 -250 -250 -250
Current Account to GDP (% of GDP) -4.00 -2.6 -2.6 -2.6 -3.8 -4.8
Exports (USD Million) 298.60 232 232 232 232 232
Imports (USD Million) 582.90 461 461 461 461 461
External Debt (USD Million) 13844.57 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 100000 100000

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 62.79 56.3 56.3 56.3 54.5 54.5
Government Budget (% of GDP) -5.40 -2.9 -2.9 -2.9 -2.3 -2.3
Government Budget Value (AMD Million) -72871.00 -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 273249 194607 235561 336191 411844

Taxes Actual Q1 Q2 Q3 Q4 2023
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 Q1 Q2 Q3 Q4 2023
Industrial Production (%) 15.70 3 3 3 5 5
Industrial Production Mom (%) 5.90 5 5 5 5 5
Manufacturing Production (%) -1.70 9.5 9.5 9.5 8.5 8.5
Leading Economic Index (%) 13.20 3 2 2 4 4
Mining Production (%) -18.00 5 5 5 5 5
Changes In Inventories (AMD Million) 65591.00 115000 115000 115000 115000 115000

Consumer Actual Q1 Q2 Q3 Q4 2023
Retail Sales YoY (%) 15.70 7.5 7.5 7.5 7.5 7.5
Consumer Credit (AMD Million) 820859.09 947609 899127 858157 849589 892069
Consumer Spending (AMD Million) 1295192.50 1625901 1100762 1249788 1334048 1345322

Housing Actual Q1 Q2 Q3 Q4 2023
Construction Output (%) 3.60 2.5 1.5 1.5 3 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 Saturday, January 22, 2022.