Markets Actual Q3/25 Q4/25 Q1/26 Q2/26
Currency 382.77 385 388 390 393

Overview Actual Q3/25 Q4/25 Q1/26 Q2/26
GDP Annual Growth Rate (%) 5.90 3.6 4 4.1 4
Unemployment Rate (%) 13.90 13 13.5 14.5 14
Inflation Rate (%) 3.60 3.2 3.5 3.7 3.8
Interest Rate (%) 6.75 6.5 6.25 6 5.75
Current Account to GDP (% of GDP) 2.80 -2.8
Government Debt to GDP (% of GDP) 50.30 50
Government Budget (% of GDP) -3.15 -1.5

GDP Actual Q3/25 Q4/25 Q1/26 Q2/26
GDP Annual Growth Rate (%) 5.90 3.6 4 4.1 4
GDP Constant Prices (AMD Million) 2521060.60 2890698 3204247 2205069 2621903
Gross Fixed Capital Formation (AMD Million) 512258.60 591671 954241 342991 532749
GDP from Agriculture (AMD Million) 187029.60 341486 277419 78622 194511
GDP from Construction (AMD Million) 139513.40 226007 332674 78316 145094
GDP from Manufacturing (AMD Million) 231984.70 282543 349248 170912 241264
GDP from Mining (AMD Million) 80597.00 76934 62233 65396 83821
GDP from Public Administration (AMD Million) 93912.60 116363 135072 83867 97669
GDP from Services (AMD Million) 64153.20 70269 61843 52495 66719
GDP from Transport (AMD Million) 82175.00 92895 97979 70853 85462
GDP from Utilities (AMD Million) 10989.50 9905 9014 8326 11429
GDP (USD Billion) 25.79 27.05
GDP per Capita (USD) 5378.32 5642
GDP per Capita PPP (USD) 20078.78 21063
Full Year GDP Growth (%) 5.90 4.9

Labour Actual Q3/25 Q4/25 Q1/26 Q2/26
Unemployment Rate (%) 13.90 13 13.5 14.5 14
Population (Million) 2.99 3

Prices Actual Q3/25 Q4/25 Q1/26 Q2/26
Inflation Rate (%) 3.60 3.2 3.5 3.7 3.8
Consumer Price Index CPI (points) 159.83 159 164 167 167
Core Inflation Rate (%) 3.40 2.6 2.4 2 2
Producer Prices (points) 129.10 126 130 131 133
Producer Prices Change (%) 4.30 3.5 3.8 4 3.9
Food Inflation (%) 4.90 5.2 4.9 3.2 3

Money Actual Q3/25 Q4/25 Q1/26 Q2/26
Interest Rate (%) 6.75 6.5 6.25 6 5.75
Deposit Interest Rate (%) 5.25 5 4.75 4.5 4.25
Lending Rate (%) 8.25 8 7.75 7.5 7.25

Business Actual Q3/25 Q4/25 Q1/26 Q2/26
Industrial Production (%) 4.20 0.6 7.5 15 3.2

Consumer Actual Q3/25 Q4/25 Q1/26 Q2/26
Retail Sales YoY (%) 3.80 1 0.9 -1 3
Consumer Credit (AMD Million) 4698996.21 3967308 4416266 4599597 4804577
Consumer Spending (AMD Million) 1805523.80 1915732 1889001 1810000 1877745

Trade Actual Q3/25 Q4/25 Q1/26 Q2/26
Current Account to GDP (% of GDP) 2.80 -2.8

Government Actual Q3/25 Q4/25 Q1/26 Q2/26
Government Debt to GDP (% of GDP) 50.30 50
Government Budget (% of GDP) -3.15 -1.5