Armenia Economic Activity Growth Accelerates in April

Armenia’s economic activity increased 7.1% year-on-year in April 2026, accelerating from a 6.6% rise in March. The increase is driven by expansions in several key sectors, including industry (11.7% vs 7.0% in March), construction (24.7% vs 24.0%), and services (9.1% vs 7.8%). In contrast, trade activity slowed further, rising just 0.1% compared with 0.2% in the previous month. On a monthly basis, overall economic activity grew 6.0% in April, easing from an 11.9% increase in March. In the January-April period, economic activity was 6.9% higher than in the same period last year.

Armenia’s economic activity rose by 6.6% year-on-year in March 2026, slowing from a 7.2% increase in the previous month, marking the lowest level since April 2025. Growth eased for industrial output (7.0% vs 23.8% in February) and trade turnover (0.2% vs 5.6%). In contrast, construction activity continued to gain traction, accelerating to 24.0% from 21.8%, while services also picked up, expanding 7.8% compared with 7.0% in the prior month. On a monthly basis, overall economic activity increased by 11.6%, following a 4.6% rise in February. In the January-March period, Armenia’s economic activity was 7.1% higher than in the same period last year.

Armenia’s economic activity rose by 7.2% year-on-year in February 2026, slowing from a 7.6% increase in the previous month. The slowdown was driven by a softer rise in the services sector, excluding trade (7.0% vs 7.4% in January). Meanwhile, industrial output accelerated (23.8% vs 10.6%), alongside gains in construction activity (21.8% vs 18.7%) and trade turnover (5.6% vs 0.7%). On a monthly basis, overall economic activity rebounded by 4.5%, following a 48.3% plunge in January. In the January-February period, Armenia’s economic activity was 7.4% higher than in the same period last year.