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Armenia economy grew by 0.2% in 2016

Armenia economy grew by 0.2% in 2016

15:54 AMT  11:54 GMT
Armenia’s gross domestic product (GDP) amounted to some AMD 5.05 trillion in 2016, up by just 0.2% against the previous year. According to the national statistical service, a 4.7% growth was registered in Q1, 2.6% in Q2, while Q3 and Q4 saw a significant decline - 2.6% and 1%, respectively. The state budget of 2016, however, stipulated a 2.2% GDP growth. The government of prime minister Karen Karapetyan has promised an 3.2% ecenomic growth for 2017, while finance minister Vardan Aramyan said the country may aspire to economic growth rates of 4-5% in 2018.
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