Armenia surpasses exports-GDP ratio target set for 2026 in three months

YEREVAN, JUNE 15, ARMENPRESS. As a result of this year’s first quarter the export-GDP ratio amounted to 62,6%, surpassing the target for 2026, Minister of Economy Vahan Kerobyan has said.

In 2000, the ratio was 29,4%, while import-GDP ratio was 46,6%.

In 2007, the share of exports in the GDP dropped twice, amounting to 15,5%, while the exports remained nearly the same at 43%. “And our trade deficit was approximately 30% against the GDP. In other words, we had a huge gap against exports and imports,” Kerobyan said.

A historic record was set in 2022 with a 48,3% exports-GDP ratio, when imports amounted to 51,3%, he said.

In 2023 Q1 the exports-GDP ratio surpassed the target set by the government for 2026, amounting to 62,6%, Kerobyan added, adding that this a new record.