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Armenia GDP grows a whopping 5,5%

Armenia GDP grows a whopping 5,5%

PanARMENIAN.Net - Armenia's gross domestic product grew by 5.5% in Q2 of 2017, official data revealed on Monday, September 4.

In the same period in 2016, the Armenian economy expanded by just 1.5%.

The country registered a GDP growth of only 0.2% in 2016, far lower that the government's forecast of 2.2%.

The government has predicted a 3.2% growth for 2017 but projections have changed as both the prime minister and the economy minister are hoping for a better result.

GDP growth stood at 6.5% in Q1 if 2017, up by 4.4% against the same period last year.

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