Armenia’s economic growth with 3.1%

According to the information of the Armenian statistical department, Armenia’s economic growth reached 3.1 in 2014. The GDP is $1.8 billion USD and GDP per capita is $605 USD.

The European Bank for Reconstruction and Development cites 4.8 % as Armenia’s GDP growth in 2014. The IMF predicts Armenia’s economic growth to be 4.3 %, whereas the International Rating Agency MOODY predicts a decline in Armenia’s GDP. It explains the decrease by the Russian-Ukrainian conflict.