Armenia experienced a 10.4% increase in the economic activity index in April 2023 compared to the same month the previous year, although there was a slight 0.1% decrease from the previous month. The country saw growth in key sectors with trade leading at 27.2%, followed by construction at 17.8%, industry at 16.3%, and services at 0.8%.
Notably, in April 2024, Armenia’s foreign trade surged by 2.7 times compared to the previous year, with exports and imports both showing significant growth. Exports grew by 2.9 times, while imports increased by 2.6 times.
Furthermore, the consumer market in Armenia experienced a 0.7% decrease in prices during this period compared to the previous year, indicating some stability in the economy despite fluctuations in other areas.
Overall, Armenia’s economic landscape is displaying positive signs of growth and resilience, showcasing potential for continued development in the coming months.
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