Armenia's GDP growth to reach 14% in 2022 - Ministry of Economy

14:40 Fri, 03 February

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09.Dec .2022 11:30

Armenia's GDP growth to reach 14% in 2022 - Ministry of Economy

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The Armenian GDP growth in 2022 will amount to 14%, according to the latest forecast of the Ministry of Economy.

The forecast was voiced during a discussion with Prime Minister Nikol Pashinyan today on the ministry’s performance in the outgoing year.

According to the ministry, the economic growth in the first 9 months of the current year was 12.1%.

Armenian government’s initial growth projection for this year was 7%, while inflation was set at 4% (±1.5%).

Armenia's GDP grew by 14.8% year-on-year in the third quarter of the current year, according to the National Statistical Committee (NSC).

In current prices, the country's third quarter GDP amounted to about 2.4 trillion drams, while per capita GDP in current prices amounted to 802,116 drams, or $1,963 and 1,949 euros.

The Central Bank of Armenia revised earlier its growth forecast to 12.9% and inflation to 10%.

Minister of Finance Tigran Khachatryan stated earlier that the GDP in 2022 in USD may exceed $19 bln, and GDP per capita - $6,500, by $1,800 higher than the previous year, ARKA reports.