Armenia Maintains High Economic Growth Zone, Says Pashinyan

In August 2019, the economic activity index stood at 7.6% compared to August of the previous year, indicating that Armenia continues to remain within a high economic growth zone.

According to the results from August, the annual indicators for 2019 are as follows:

• Economic activity index – 7%
• Industrial growth – 9.5%
• Construction growth – 4.4%
• Trade turnover growth – 9%
• Services growth – 15.5%
• Average monthly salary growth – 5.7%
• Export growth – 4.6%

Additionally, in August, there was not only no inflation recorded, but a certain deflation was also noted. Overall, Armenia continues to operate within a low inflation environment.

These are quite positive indicators and should encourage all of us for better performance.