Current economic trends

 

Data source: National Statistical Service of the Republic of Armenia and Central Bank of Armenia

Calculations and data processing: Economic Development and Research Center (EDRC)

Data were updated on December 11, 2018.

1Output growth data are presented for economic sectors. 
2Including fishing.
3Includes alcoholic beverages and tobacco.
4Money transfers of individuals by banking system of RA.

 

Main indicators of current economic trends, in % to the same period of previous year

 

 

2015

2016

2017

2016

2017

2018

2016

2017

2018

Yearly

January-June1

January-September1

 Indicator of economic activity

3.0

0.7

7.7

5.3

6.3

8.8

1.6

5.8

6.4

 GDP real growth

3.2

0.2

7.5

3.4

7.0

8.6

1.4

6.2

6.6

   Agriculturial growth2

13.2

-5.0

-5.3

3.2

-1.3

5.2

-2.4

-9.6

-4.6

      in which Plant growing output

15.4

-11.7

-7.2

2.2

-6.5

21.1

-6.0

-17.1

-6.0

   Industrial growth

6.2

7.7

6.6

8.9

12.4

3.7

7.1

11.9

4.0

      in which Manufacturing

-5.5

11.1

5.9

5.1

17.5

8.6

5.6

15.1

9.6

                  Mining

56.8

5.9

18.2

18.8

8.9

-9.8

13.7

10.6

-12.7

                  Energency

5.3

0.0

0.6

11.4

0.5

3.3

5.8

2.9

4.2

                  Water supply

39.8

25.3

17.4

8.2

9.0

-1.6

7.1

8.8

-0.4

   Construction growth

-3.1

-14.1

2.5

-7.8

-10.0

13.5

-9.3

-6.4

7.6

   Trade growth

-8.3

5.1

19.9

-0.3

12.6

9.1

-0.1

12.5

10.1

   Service growth (excluding trade)

4.0

2.9

10.2

8.3

10.9

9.1

8.1

12.8

18.8

 External trade turnover growth (in USD)

-20.9

7.4

26.9

2.7

24.0

28.9

5.7

21.7

22.4

   Export

-4.0

20.0

25.2

16.7

21.0

20.0

19.6

19.1

11.6

   Import

-26.8

1.6

27.8

-3.7

25.8

33.9

-0.8

23.2

28.6

   Net export (balance of goods), % in GDP 

-16.7

-14.3

-16.8

-15.3

-18.3

-22.3

-13.5

-16.2

-21.0

 Fiscal indicators 

   State budjet revenues growth

2.0

0.3

5.7

1.6

6.3

4.3

-0.9

5.0

6.2

      in which taxes and duties

0.4

1.1

7.3

2.2

7.4

4.1

0.0

6.2

6.1

   State budget expenditures growth

14.1

2.8

3.8

6.2

-1.9

-1.6

3.0

-0.9

-2.3

   State budjet deficit, % in GDP

-4.8

-5.5

-4.8

-4.2

-1.8

-0.2

-4.1

-2.5

-0.4

   Public debt, % in GDP

48.7

56.7

58.9

-

-

-

-

-

-

 Consumer price index (end of period)

-0.1

-1.1

2.6

-1.0

1.2

-0.6

-3.7

-1.7

-0.8

      in which Food products3

-3.7

-0.2

5.3

-1.2

3.9

-3.0

-5.9

-2.9

-3.0

                  Non food products

3.4

-3.4

1.7

-2.1

-1.6

1.9

-3.5

-0.8

1.4

                  Services

3.2

-0.7

-0.5

0.0

-0.8

1.1

-0.7

-0.6

0.7

 Consumer price index (period average)

3.7

-1.4

1.0

-1.5

0.5

2.4

-1.6

0.6

2.6

 Exchange rate devaluation (end of period) 

   to USD

1.8

0.0

0.0

-1.5

-0.7

0.4

-1.9

-1.1

0.9

   to EUR

-8.4

-3.1

13.3

0.3

7.0

2.5

0.3

10.2

-0.9

   to RUR

-18.8

19.0

6.6

12.4

2.8

-5.1

13.1

4.9

-11.4

 Financial market interests rates

   Refinancing rate (repo interest rate) of CBA

8.8

6.3

6.0

7.5

6.0

6.0

6.8

6.0

6.0

   Government bonds (medium term)

15.5

10.1

-

13.5

9.0

-

11.0

8.0

-

   Deposit rate (>1 year, physical entities, in drams)

14.8

12.5

9.9

13.4

11.5

9.6

13.0

10.5

9.6

   loans (physical entities, in drams)   

12.3

12.9

11.2

12.8

11.6

11.3

11.6

11.8

11.0

   Lending rate, in drams (>1 year, legal entities)

13.8

12.9

10.2

13.0

12.8

11.0

14.3

12.5

11.4

   Lending rate, in dollars (>1 year, legal entities)

9.9

9.2

9.2

9.9

8.9

8.6

10.1

9.2

8.5

 Monetary indicators

   Broad money growth

10.8

17.5

18.5

13.9

17.5

13.6

16.2

19.3

10.8

    Governence crediting growth (by banks)

14.8

190.5

42.0

1,511.0

55.9

14.3

246.6

48.5

10.7

    Economy crediting growth (by banks)

-3.3

6.0

16.6

3.8

7.8

22.4

4.1

12.8

20.6

    Deposit growth (within banks)

13.9

18.5

19.6

16.6

17.6

13.4

17.6

19.9

10.8

      in which FX deposit growth

16.3

11.2

8.4

12.2

12.1

3.2

12.0

11.4

2.3

    Currency growth (outside banks)

-0.8

13.1

13.9

2.3

16.7

14.8

10.1

16.6

10.9

   Reserve Money (without PIU accounts), bln drams

921.3

1,042.3

1,032.0

777.0

956.5

975.8

898

979

1,111․0

 Money transfers  growth4

 

 

 

 

 

 

 

 

 

   USD

-23.2

-6.1

14.6

-8.8

16.4

8.7

-10.9

16.4

3.6

   AMD

-11.5

-5.7

15.2

-7.6

16.6

8.2

-10.5

16.8

3.7

 Energy production growth

0.6

-6.2

6.1

-4.9

5.2

1.5

-6.5

6.5

0.5