Armenian economy grows 7.1% in January-August

PanARMENIAN.Net - In the first eight months of 2025, Armenia’s economic activity grew by 7.1% compared to the same period last year. According to the Statistical Committee, in August the index rose 5.4% compared to July and 7.5% year-on-year.

At the same time, industrial output fell 7.8% in January–August, totaling 1.77 trillion drams. However, in August alone, industry grew by 10.7% compared to July and 5.8% compared to August 2024, reaching 268.8 billion drams, Armenpress reported.

Construction maintained significant growth, totaling 374.9 billion drams in January–August, up 20.4% year-on-year. In August, the sector grew 19.4% from July and 21.1% from the same month last year.

Trade turnover reached 4.14 trillion drams since the start of the year, up 3.9% from 2024. In August, trade rose 1.2% month-on-month and 1.7% year-on-year.

The services sector (excluding trade) also expanded, reaching 2.6 trillion drams—10.2% higher than in the same period of 2024. In August, growth stood at 3.8% compared to July and 6.7% year-on-year.

Consumer prices rose 3.2% in January–August compared to last year. In August, inflation was 0.2% month-on-month and 3.6% year-on-year.

The industrial producer price index increased 2.8% in the first eight months. In August, it fell 0.6% compared to July but rose 5.1% year-on-year.

Electricity output reached 5.95 billion kWh, up 3.6% year-on-year. In August, production increased 10.6% compared to July, totaling 854 million kWh—13% above August 2024 levels.

The report highlights that figures exclude autonomous producers’ electricity flows to ensure comparability.

No data was provided on agricultural output or average nominal wages during the reporting period.