Overview Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Annual Growth Rate (%) 5.20 5.5 4.9 4.8 4.6
Unemployment Rate (%) 13.80 13.2 12.5 12 13
Inflation Rate (%) 0.60 1.6 2.5 3 2.2
Interest Rate (%) 7.25 7.5 7.25 7 7
Current Account to GDP (% of GDP) -3.40 -2
Government Debt to GDP (% of GDP) 48.10 52.4
Government Budget (% of GDP) -2.30 -2

GDP Actual Q4/24 Q1/25 Q2/25 Q3/25
GDP Annual Growth Rate (%) 5.20 5.5 4.9 4.8 4.6
GDP Constant Prices (AMD Million) 2766854.90 3052997 1991353 2309062 2894130
Gross Fixed Capital Formation (AMD Million) 571110.90 902685 292084 450394 597382
GDP from Utilities (AMD Million) 9561.10 8514 8607 9635 10001
GDP from Services (AMD Million) 67826.80 52341 49163 63473 70947
GDP from Mining (AMD Million) 74260.90 75120 63331 64157 77677
GDP from Transport (AMD Million) 89667.00 99335 79186 85918 93792
GDP from Public Administration (AMD Million) 112319.50 163094 77381 106935 117486
GDP from Construction (AMD Million) 218153.50 314406 75369 139094 228189
GDP from Manufacturing (AMD Million) 272724.50 355822 204875 248913 285270
GDP from Agriculture (AMD Million) 329804.80 308865 69092 154558 344976
GDP (USD Billion) 24.21 25.66
GDP per Capita (USD) 5566.32 5900
GDP per Capita PPP (USD) 20780.64 22027
Full Year GDP Growth (%) 8.70 6

Labour Actual Q4/24 Q1/25 Q2/25 Q3/25
Unemployment Rate (%) 13.80 13.2 12.5 12 13
Population (Million) 2.99 2.92

Prices Actual Q4/24 Q1/25 Q2/25 Q3/25
Inflation Rate (%) 0.60 1.6 2.5 3 2.2
Consumer Price Index CPI (points) 154.54 158 160 159 157
Core Inflation Rate (%) 0.60 1 1.5 2.2 2.6
Producer Prices (points) 122.10 125 130 130 126
Producer Prices Change (%) 2.90 5.5 4.7 4 3.5
Food Inflation (%) -0.50 0.7 2 3 2.5

Money Actual Q4/24 Q1/25 Q2/25 Q3/25
Interest Rate (%) 7.25 7.5 7.25 7 7
Deposit Interest Rate (%) 5.75 6 5.75 5.5 5.5
Lending Rate (%) 8.75 9 8.75 8.5 8.5

Business Actual Q4/24 Q1/25 Q2/25 Q3/25
Industrial Production (%) 4.60 -2.5 -5 2 1.6

Consumer Actual Q4/24 Q1/25 Q2/25 Q3/25
Retail Sales YoY (%) 13.40 5 3.9 3.9
Consumer Credit (AMD Million) 1184550.54 1038606 1102411 1157861 1239040
Consumer Spending (AMD Million) 1849162.10 1748789 1492389 1710625 1934224

Trade Actual Q4/24 Q1/25 Q2/25 Q3/25
Current Account to GDP (% of GDP) -3.40 -2

Government Actual Q4/24 Q1/25 Q2/25 Q3/25
Government Debt to GDP (% of GDP) 48.10 52.4
Government Budget (% of GDP) -2.30 -2