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The 2024 economic activity index in Armenia grew 8% compared to 2023, according to official statistics.
Below is the YoY data for the reporting period published by the Statistical Committee.
Industrial production output grew 4,7% and amounted to nearly 3 trillion drams.
Gross agricultural production volume grew 1,6% and amounted to more than 958 billion drams.
Construction grew 14,5% and amounted to more than 709,4 billion drams.
Trade turnover grew 17% and amounted to nearly 6,4 trillion drams.
Services (without trade) grew 10,6% and amounted to nearly 3,5 trillion drams.
The consumer price index grew 0,3%.
Electrical energy production increased 6,5% (nearly 9,4 billion kWh). The figure includes volumes generated by autonomous producers.
The average monthly salary grew 6,4% amounting to 287,172 drams.
Armenia’s 2024 foreign trade grew 41,5%, amounting to more than $30,1 billion.
Exports grew 53,1%, amounting to more than $13,1 billion.
Imports grew 33,8%, amounting to over $17 billion.