Foreign direct investments comprise 5,1% of GDP in 2022, says finance minister

YEREVAN, JUNE 12, ARMENPRESS. A big inflow of foreign direct investments was recorded last year in Armenia, comprising 5,1% of the GDP, Finance Minister Vahe Hovhannisyan told lawmakers at the Financial-Credit and Budgetary Affairs Committee during debates on approving the 2022 state budget report.

“We have a big inflow of foreign direct investments, which comprised 5,1% of the GDP. This is a very high indicator compared to the past years,” the minister said.

The capital accumulation indicator is also very high, he added, explaining that businesses in Armenia have invested their income in developing their own capital capacities. “We are sure that we will notice in the first years the positive impact of these investments on the potential of our economy,” Hovhannisyan added.