12.1% decline in Armenia`s industry in first half of 2025

ArmInfo. The Economic Activity Index (EAI) in Armenia in January- June 2025 increased by 6.3% compared to the same period last year, the press service of the Ministry of Finance reported. At the same time, the growth of  economic activity in the first half of 2024 amounted to 10.4% per  annum (from 11.4% in the same period of 2023).

In particular, agriculture grew by 7.3%, construction - by 18.5%,  trade - by 3.9%, and services - by 9.8%.

At the same time, the industrial sector is in decline - by 12.1%. A  decline was also recorded in exports (by 52.8%) and imports (by  38.6%). Let us recall that the growth of economic activity in the  first half of 2024 was largely due to the trade sector - with a  slight slowdown in growth rates from 23.6% to 22.9%, the industrial  sector - with a sharp acceleration of annual growth rates from 1% to  18.2%, and the construction sector - with a slowdown in annual growth  rates from 17% to 15.7%.

A strong slowdown in growth during this period was recorded in the  services sector - from 16.8% to 4.4%.  Against this background, the  annual dynamics of the energy complex significantly improved - with  an exit from a 2.7% decline to 2.2% growth. The agricultural sector  managed not only to maintain growth, but also to accelerate annual  growth rates from 2% to 4%.