Armenia | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 18.40 17.9 18 18.2 16.4 15.6 percent [+]
Inflation Rate -0.60 -1.7 -0.4 1.5 2.5 4.4 percent [+]
Interest Rate 6.50 6.25 6 5.75 5.5 6 percent [+]
Balance of Trade -157.70 -140 -135 -135 -135 -135 USD Million [+]
Government Debt to GDP 42.23 47 45 45 45 31 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Currency 482.34 484 488 493 498 575 [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate -2.60 2.2 2.1 3.7 3.9 4.3 percent [+]
GDP 10.56 11.6 12.8 12.8 12.8 13.8 USD Billion [+]
GDP Constant Prices 1518338.50 1230000 1570000 1660000 1070000 2240000 AMD Million [+]
Gross Fixed Capital Formation 174996.70 463585 128865 188882 287993 477406 AMD Million [+]
GDP per capita 3792.85 3903 3931 3959 3987 4348 USD [+]
GDP per capita PPP 7899.30 8128 8187 8246 8305 9056 USD [+]
GDP From Agriculture 387568.20 122000 462000 336000 53100 351000 AMD Million [+]
GDP From Construction 118835.00 171761 47574 104811 116908 173716 AMD Million [+]
GDP From Manufacturing 135621.40 117697 119046 118944 118952 118951 AMD Million [+]
GDP From Mining 29061.20 34740 32639 31319 29630 30827 AMD Million [+]
GDP From Public Administration 61270.00 64347 65484 71139 72869 95145 AMD Million [+]
GDP From Services 24094.50 16410 9307 15617 22677 16695 AMD Million [+]
GDP From Transport 39114.40 29781 20559 24343 23214 12530 AMD Million [+]
GDP From Utilities 6131.30 5926 4656 5368 6273 5660 AMD Million [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 18.40 17.9 18 18.2 16.4 15.6 percent [+]
Unemployed Persons 79.20 81.6 82.55 82.89 83.03 83.11 Thousand [+]
Labor Force Participation Rate 61.00 61.75 59.31 60.56 62.75 62.12 percent [+]
Wages 190246.00 193771 185863 188609 192051 195526 AMD/Year [+]
Minimum Wages 55000.00 55000 55000 65000 65000 75000 AMD/Year [+]
Population 2.99 2.99 3 3 3.01 3.09 Million [+]
Retirement Age Women 63.00 63 63 63 63 63 [+]
Retirement Age Men 63.00 63 63 63 63 63 [+]
Employed Persons 716.00 790 786 788 788 788 Thousand [+]
Wages In Manufacturing 170570.00 178931 181259 183412 182496 181955 AMD/Monthly [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate -0.60 -1.7 -0.4 1.5 2.5 4.4 percent [+]
Consumer Price Index CPI 120.47 121 121 121 121 121 Index Points [+]
Core Consumer Prices 100.11 100 100 100 100 100 Index Points [+]
Core Inflation Rate -1.10 -0.85 -0.48 -0.28 -0.26 -0.42 percent [+]
Producer Prices 98.80 100 100 100 100 100 Index Points [+]
Producer Prices Change 5.80 6.45 6.69 6.81 6.84 6.86 percent [+]
Import Prices 105.60 98.54 101 100 100 100 Index Points [+]
Inflation Rate Mom 0.50 -0.03 -0.06 -0.06 -0.07 -0.07 percent [+]
Food Inflation -0.50 -1.54 -1.91 -1.76 -1.72 -1.75 percent [+]
Export Prices 99.70 101 100 100 100 100 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 6.50 6.25 6 5.75 5.5 6 percent [+]
Money Supply M0 901984.00 888834 887740 887649 887642 887641 AMD Million [+]
Money Supply M1 562624.00 566642 570054 573786 577802 646037 AMD Million [+]
Money Supply M2 947851.00 972888 984677 985754 979181 677152 AMD Million [+]
Deposit Interest Rate 14.10 18 18.92 19.83 20.74 23.56 percent [+]
Foreign Exchange Reserves 1831.86 1858 1863 1863 1864 1864 USD Million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade -157.70 -140 -135 -135 -135 -135 USD Million [+]
Exports 160.60 154 154 154 154 154 USD Million [+]
Imports 318.30 292 285 287 287 287 USD Million [+]
Current Account -36.45 -122 -120 -117 -115 -87.57 USD Million [+]
Current Account to GDP -2.70 -1.3 -3.6 -3.6 -0.38 -6.1 percent [+]
External Debt 8950.63 8994 9056 9104 9145 9536 USD Million [+]
Capital Flows -93.80 -149 -149 -149 -149 -149 USD Million [+]
Gold Reserves 1.40 1.4 1.4 1.4 1.4 1.4 Tonnes [+]
Remittances 306.09 300 231 295 236 275 USD Million [+]
Foreign Direct Investment 50.55 16.07 34.03 38.4 43.9 34.83 USD Million [+]
Terms Of Trade 94.40 101 100 100 100 100 Index Points [+]
Terrorism Index 0.29 0.62 0.67 0.71 0.76 0.46 [+]
Tourist Arrivals 43356.00 38166 32423 42937 50471 40018 Thousand [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 42.23 47 45 45 45 31 percent [+]
Government Budget -4.80 -5.2 -4.1 -4.1 -3.6 -1.9 percent of GDP [+]
Government Budget Value -52041.10 -122972 -35273 -57310 -57721 -89492 AMD Billion [+]
Government Revenues 303636.90 323011 267841 306348 319169 312648 AMD Billion [+]
Government Debt 2541.80 2571 2601 2588 2600 2600 AMD Billion [+]
Fiscal Expenditure 355678.00 351849 351608 351661 351649 351651 AMD Million [+]
Military Expenditure 493.00 495 501 507 508 531 USD Million [+]
Government Spending 184179.40 211827 156891 195181 207104 243694 AMD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Industrial Production 2.40 6.89 7.31 4.5 6.05 6.59 percent [+]
Industrial Production Mom 8.40 2.59 1.21 0.97 0.95 0.97 percent [+]
Manufacturing Production -4.00 -0.88 -3 -5.17 2.13 -1.2 percent [+]
Leading Economic Index -7.80 6.7 6.3 5.7 -6.92 3.9 percent [+]
Mining Production 20.60 17.35 16.46 15.97 15.71 15.4 percent [+]
Corruption Index 35.00 37.82 37.92 38.03 38.13 39.5 Points [+]
Corruption Rank 95.00 95.82 96.22 96.16 96.1 87.76 [+]
Ease of Doing Business 38.00 41.49 43.03 43.8 44.57 41.48 [+]
Changes In Inventories 9946.80 8046 -2568 3734 2086 2758 AMD Million [+]
Competitiveness Index 4.07 4.06 4.06 4.06 4.06 4.12 Points [+]
Competitiveness Rank 79.00 86.12 86.12 84.43 83.87 91.54 [+]
Business Confidence 51.00 51.61 51.91 52.28 52.54 52.45 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Confidence 42.60 42.32 42.3 42.25 42.26 42.31 [+]
Retail Sales YoY 0.40 2.4 -0.3 -0.3 0.32 5.2 percent [+]
Consumer Spending 862007.20 1123927 778188 873110 1163238 1195295 AMD Million [+]
Consumer Credit 427444.63 433722 442399 447866 451384 457875 AMD Million [+]
HOUSING Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Construction Output -12.20 -6.9 -4.3 -2.7 0.9 2.5 percent [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 20.00 20 20 20 20 20 percent [+]
Personal Income Tax Rate 36.00 36 36 36 36 36 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 23.00 23 23 23 23 23 percent [+]
Social Security Rate For Companies 15.00 15 15 15 15 15 percent [+]
Social Security Rate For Employees 8.00 8 8 8 8 8 percent [+]





Economic Forecasts for Armenia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Armenia economy. 12/8/2016