Armenia Economic Activity Growth at 5-Month High

Armenia’s economic activity jumped 11.7% year-on-year in May 2026, up from 7.1% in the previous month. The latest figure marked the largest growth since December 2025, driven by expansions in construction (27.1% vs 24.7% in April) and services (14.7% vs 8.2%). On the other hand, growth slowed in industry (9.5% vs 11.7%), while trade activity stagnated after a 0.1% rise in April. On a monthly basis, overall economic activity rose 1.2%, easing from a 6.0% jump in the preceding period. In the January-May period, economic activity was 8.0% higher than in the same period last year.

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.