In 2023, we had an economic growth of 8.7 percent, which is higher than the target expressed in the pre-election program for the 2021 snap elections. Prime Minister of Armenia Nikol Pashinyan said about this during the joint session of the Parliament's standing committees, while discussing the 2023 State Budget Action Plan.
"Both in 2022 and 2023, we had economic growth higher than that goal, and our goal was to have an average annual economic growth of 7 percent.
But it is also important to note that since the popular, non-violent, velvet revolution of 2018, Armenia's economy has grown by almost 30 percent. This is a very important indicator.
Compared to 2017, GDP per capita in real terms has increased by around 37 percent, and in dollar terms, it has more than doubled," said the Prime Minister.
