Armenia’s economic activity grows 6.9% in January-September

Armenia’s economic activity index in January-September exceeded the figure for the same period last year by 6.9%, according to official data published by the Statistical Committee.

In September, the index was 9.1% higher than in August and 5% higher than in September 2025.

The construction sector continues to lead in growth rates. Its output in the first nine months of this year was 24.9% higher than in the same period last year, reaching 583 billion 818.1 million drams.

In September, construction volumes increased by 8.5% compared with August, reaching 112 billion 172.2 million drams. The increase compared with September last year was 25.9%.

Services (excluding trade) ranked second in terms of growth. In January-September, the sector’s output exceeded the figure for the same period last year by 13%, reaching 3 trillion 455 billion 582 million drams. In September, it increased by 1.3% compared with August and by 15.1% compared with September last year. The volume of services in September was estimated at 426 billion 67.1 million drams.

Industrial output in the first nine months of this year exceeded the figure for the same months last year by 5.8%, reaching 2 trillion 361 billion 636.6 million drams. In September, industrial output increased by 4.2% compared with August but was 4.5% lower than in September last year. Industrial output in September amounted to 291 billion 157.2 million drams.

Trade turnover in January-September exceeded the figure for the same period last year by 0.6%, reaching 5 trillion 2 billion 708.1 million drams. In September, it decreased by 1.4% compared with August and remained unchanged compared with September last year. Trade turnover in September amounted to 612 billion 674.2 million drams.

Gross agricultural output in January-September was 4.8% lower than in the same period last year, amounting to an estimated 677 billion 145.8 million drams.

The consumer price index in January-September was 4.5% higher than in the same months last year. In September, it increased by 0.2% compared with August and by 4.3% compared with September last year.

The industrial product price index in the first nine months of this year was 8.8% higher than in the same months last year. In September, it increased by 0.5% compared with August and by 8.6% compared with September 2025.

Armenia generated 6 billion 958 million kilowatt-hours of electricity in January-September this year, 3.6% more than in the same period last year. In September, electricity generation decreased by 15.9% compared with August and by 9.8% compared with September last year. Electricity generation in September amounted to 689.5 million kilowatt-hours.

Electricity generated by autonomous producers as part of electricity exchanges is not included in this indicator. To ensure comparability, this electricity is also excluded when calculating growth rates for the corresponding indicators in previous periods (September: 764.5 million kilowatt-hours).