Indicator of economic activity increased by 9.4 % in January-November compared to same period last year

Armenia’s economic activity index grew 9,4% in January-November of 2023 compared to the same period of 2022, according to official data published by the Statistical Committee.

Industrial production output grew 2,1% in the 11 months.  

Construction grew 15,6%.

Trade turnover grew 24,3%, while services grew 11,1%.

The consumer price index grew 2,2%, while the industrial product price index grew 1,7%.

Energy production dropped 4,3%.

Foreign trade turnover grew 42,4% (exports grew 44,7% and imports grew 41%).