Page 22 - Small Stans and Causcasus Outlook 2022

2.5 Macroeconomy - Armenia

Main source: Armstat, Armenia Statistical Yearbook 2021
Others hyperlinked in category

XXX key economic figures and forecasts

2016 2017 2018 2019 2020 2021 2022

Nominal GDP (EUR bn) 9.065 9.954 10.764 11.705 11.058 13.61 ?

Real GDP (% yoy) 0.2 7.5 5.2 7.6 -7.6 6.1 4.5

Industrial output (% yoy) 16.6 5.6 7.9 0.0 1.1 (to ?
October)

Unemployment rate (avg, %) 17.6 17.7 19.0 18.8 20.2 18.5 18.3
Nominal industrial wages (% yoy) ?

Producer prices (avg, % yoy) ?

Consumer prices (avg, % yoy) 3.7 -0.1 -1.1 3.0 6.9 7.3

Consumer prices (eop, % yoy) ?

General budget balance (% of GDP) -5.5 -4.8 -1.6 -0.8 -5.1 ?

Public debt (% of GDP) 51.4 58.4 51.0 50.0 63.5 62.2 60.1

Current account balance (% of GDP) -1.0 -1.5 -6.9 -7.2 -3.8 -2.9 -4

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