ArmInfo. Prime Minister Nikol Pashinyan touched upon the economic indicators for May 2025 at the government session on June 27, assessing them as quite good.
, - the Prime Minister said.
As the head of government pointed out, an absolute record was recorded in the number of registered jobs in May - 790,320. This is 242,331 or 44% more than the indicator of May 2018 (then Pashinyan came to power as a result of the - ed.). The salary fund, compared to the same period, increased by 146 billion drams or 151%. Income tax revenues to the state budget doubled (by 101%), the average salary increased by 74%.
According to Economy Minister Gevorg Papoyan, in May 2025, compared to May 2024, the economic activity index increased by 10.4%, which is mainly due to the growth of construction and services.
, - he said.
According to statistics, economic activity growth in Armenia in January-May 2025 slowed to 5.7% per annum (from 11.2% in the same period of 2024). Moreover, the industrial sector, which acted as a growth driver a year earlier, is weakening the pace of economic growth with the current double-digit decline. According to statistics, such a pronounced slowdown in economic activity growth in January-May 2025 was largely due to the deterioration of the annual dynamics of the industrial sector from 22% growth to 14.1% decline and a strong slowdown in the growth of the trade sector from 24.6% to 4.2%. A weakening of the already low growth rates is also noted in the energy complex - from a meager 1.5% to a stagnant 0.6%. At the same time, the service sector managed to accelerate in annual growth from 3.7% to 10.1%, which was also noted in the construction sector - from 14.9% to 17.1%. According to statistical data for January-May 2025, the trade sector holds the leadership in absolute value with a volume of 2.4 trillion drams ($6.1 billion). The second place in terms of volume is occupied by the service sector - 1.5 trillion drams ($3.8 billion), the third is the industrial sector - 1.03 trillion drams ($2.6 billion), and in fourth place, due to the lack of data on the agricultural sector in this statistical report, is the construction sector - 165.5 billion drams ($421.3 million). The volume of electricity generation in January-May 2025 amounted to 3709.4 million kWh, of which 579.8 million kWh were generated in May alone.
