Armenia’s economic activity rose by 7.6% year-on-year in January 2026, moderating sharply from a 14.4% rise in the previous month, marking the lowest level in nine months. Industrial output eased (10.6% vs 38.6% in December 2025), while construction activity (18.7% vs 20.5%) and trade turnover (0.7% vs 3.2%) also decreased. Meanwhile, services recorded growth (7.4% vs 6.9%). On a monthly basis, overall economic activity plunged 48.3%, reversing a 23.4% rise in December. For comparison, economic activity in Armenia stood at 7.3% last year. source: National Statistical Service of the Republic of Armenia

Leading Economic Index Armenia increased 7.60 percent in January of 2026 over the same month in the previous year. Leading Economic Index in Armenia averaged 5.89 percent from 2012 until 2026, reaching an all time high of 23.40 percent in April of 2021 and a record low of -16.70 percent in April of 2020. This page provides - Armenia Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. Armenia Economic Activity Index - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-30 08:00 AM
Economic Activity YoY
Dec 14% 11.5% 7.0%
2026-02-25 08:00 AM
Economic Activity YoY
Jan 7.6% 14% 9.0%
2026-03-25 08:00 AM
Economic Activity YoY
Feb 7.6%


Related Last Previous Unit Reference
Changes in Inventories 87641.10 60275.30 AMD Million Sep 2025
Industrial Production YoY 10.60 38.60 percent Jan 2026
Industrial Production Mom -56.70 25.00 percent Jan 2026
Economic Activity YoY 7.60 14.00 percent Jan 2026
Manufacturing Production 43.30 36.20 percent Dec 2025
Mining Production 34.90 36.50 percent Dec 2025


Armenia Economic Activity Index
In Armenia, the Economic Activity Index is a composite indicator that estimates the activity of the different economic sectors in a given month. It is presented in previous year prices.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 14.00 23.40 -16.70 2012 - 2026 percent Monthly
NSA

News Stream
Armenia Economic Activity Growth Eases in January
Armenia’s economic activity rose by 7.6% year-on-year in January 2026, moderating sharply from a 14.4% rise in the previous month, marking the lowest level in nine months. Industrial output eased (10.6% vs 38.6% in December 2025), while construction activity (18.7% vs 20.5%) and trade turnover (0.7% vs 3.2%) also decreased. Meanwhile, services recorded growth (7.4% vs 6.9%). On a monthly basis, overall economic activity plunged 48.3%, reversing a 23.4% rise in December. For comparison, economic activity in Armenia stood at 7.3% last year.
2026-02-25
Armenia Leading Index Grows 14%
Armenia’s economic activity expanded by 14% year-on-year in December 2025, accelerating from an 11.5% rise in November. Industrial output surged (38.6% vs 31.7% in November), while construction activity (20.5% vs 17.2%) and trade turnover (3.2% vs 1.5%) also strengthened. Meanwhile, services growth slowed (6.9% vs 11.2%). On a monthly basis, overall economic activity recorded a strong increase of 23.4%, following a modest 0.3% rise in November. For the full year 2025, Armenia’s economy grew 9.1%, reflecting broad-based expansion across industry, construction, and trade.
2026-01-30
Armenia Leading Index Accelerates Slightly
Armenia’s economic activity expanded by 10.4% year-on-year in November 2025, a bit faster than a 10.1% increase in the previous month. Industrial output picked up sharply (31.7% vs 17.9% in October), while retail turnover also strengthened (1.5% vs 1.0%). On the other hand, construction activity moderated (17.2% vs 20.1%), and services growth eased marginally (11.2% vs 12.8%). On a monthly basis, overall economic activity edged down 0.1%, following a steeper 4.0% decline in October. Over the January–November period, economic activity rose 8.3% compared with the same period a year earlier.
2025-12-25