Wednesday, January 8 2020 11:18
Alexandr Avanesov

IMF: In 2020, Armenia will become a regional leader in terms of GDP  per capita

IMF: In 2020, Armenia will become a regional leader in terms of GDP  per capita

ArmInfo. In 2020, Armenia will become a regional leader in terms of GDP per capita. This is stated in the next report of the International Monetary Fund,  published the day before.

According to the source, in 2019 the volume of GDP per capita in  Armenia amounted to $ 4.53 thousand.  For example, in Georgia this  indicator is $ 4.29 thousand, in Azerbaijan - $ 4.69 thousand.  According to the forecast, this year the volume of GDP of Armenia per  capita will increase up to $ 4.76 thousand.  Nevertheless, IMF  analysts believe that in the medium term until 2024 Armenia will  yield to Georgia in this indicator, which is evidence of existing  problems in Armenia's long-term development programs.  It should be  noted that Mitsuhiro Furusawa, Deputy Managing Director and Acting  Chairman of the IMF Executive Council, said on December 20 that  Armenia's economic performance is strong with healthy growth, low  inflation, a stable financial system and improved external and tax  buffers. In addition, he indicated that the public debt was delayed  in a downtrend, and Armenia is expected to reach the medium- term  target several years earlier than expected. "This stimulating factor  will allow us to direct more efforts towards reforms in support of  more balanced and inclusive growth, reduction of poverty and  unemployment," Furusawa said.

It should be noted that according to the IMF forecast, the GDP growth  of Armenia in 2019 will amount to 4.6%. Meanwhile, the recently  updated WB forecast for Armenia's GDP growth in 2019 improved to 6.9%  from the previous 5.5%. And according to actual statistical data, in  January-November 2019, an acceleration in the annual growth of  economic activity in Armenia from 5.7% to 7.5% is already recorded.   On December 6 last year, Prime Minister Nikol Pashinyan noted that in  2019, per capita GDP of Armenia for the first time exceeded the  indicators of neighboring Georgia, and in 2020 the republic will  outstrip Azerbaijan in this indicator. "Over the past 20 years,  Armenia has always been the last on this indicator, next year we will  be the first," Nikol Pashinyan assured.


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