Armenia's economy expanded by 7.5% in 2017 - a record growth rate since 2008 - the national statistical service said.

The GDP amounted to AMD 5.58 trillion in the reporting period, up by 0.2% from AMD 5,07 trillion in 2016.

Earlier, the Eurasian Development Bank said in its forecast that Armenia's GDP is expected to rise by 3% in 2018.

According to the country’s budget for 2018, the economy will expand by 4.5%.