YEREVAN, August 31. /ARKA/. The Eurasian Development Bank (EADB) expects high economic activity in Armenia to continue in 2026 due to internal sources of growth.
“Economic activity in Armenia grew by 7.7% year-on-year in January-July 2026, down from 7.9% year-on-year in January-June. The main contribution came from services (+13.2% year-on-year), with high growth rates also observed in construction (+25.0%) and industry (+9.5%). The services sector grew due to IT and sectors related to strong tourist activity,” the EADB's weekly macroeconomic review states.
The bank has kept its GDP growth forecast for Armenia at 6% for the current year.
Figures and Forecasts for Armenia's Economy
The state budget for 2026 anticipates economic growth in Armenia at 5.4%. According to preliminary data from the Statistical Committee, Armenia's GDP in the second quarter of 2026 grew by 6.7% compared to the same period in 2025. According to the Central Bank's monetary policy report for the second quarter of this year, GDP growth in Armenia is expected to range from 4.5% to 4.1% depending on the scenario (A-B) for the end of 2026.
Growth forecasts for Armenia's economy from international financial institutions for 2026 are as follows: WB – 5.3%; IMF – 5.25%; ADB – 5.5%; EBRD – 5.5%; EADB – 6%; S&P Global Ratings – 4.9%; Fitch Ratings – 5.2%.
