Armenia’s economic activity index grew by 7% in January–July 2025 compared to the same period in 2024, according to data from the Statistical Committee. The overall growth came amid mixed sectoral performance, with construction and services driving the trend while industrial output and foreign trade saw significant declines.
Industrial production fell by 9.8%, totaling over 1.5 trillion AMD, while electricity generation grew slightly by 2.1%. Construction activity surged by 20.2%, reaching 293.3 billion AMD, and trade turnover posted a modest 3.9% rise to more than 3.5 trillion AMD. The services sector also showed strong performance with a 10.6% increase, amounting to 2.1 trillion AMD.
Inflationary pressures remained moderate, as the consumer price index rose by 3.2% and the industrial production price index climbed by 2.5%. Foreign trade, however, contracted sharply by 41.4%, totaling $11.5 billion. Exports dropped by 48.3%, while imports decreased by 35.8%.