ArmInfo. Economic development is on a positive track. Armenian Minister of Economy Gevorg Papoyan stated this on October 28 at the hearings on the draft state budget of the Republic of Armenia in the National Assembly committees.
Citing statistical data, he recalled that economic activity grew by 7.6% in January-September 2025, and by 10.5% in the month alone.
"This demonstrates the effectiveness of the government's economic policy and gives us grounds to assert that our aspirations for higher growth than the draft state budget are entirely realistic," he said. In this vein, Papoyan expressed confidence that at the beginning of next year, when the results of 2025 are summarized, Armenia's GDP growth will exceed the budgeted figure.
According to preliminary data from the RA Statistical Committee, economic activity in Armenia slowed to 7.6% per annum in January-September 2025 (from 8.7% in the same period of 2024). The slowdown in economic activity in January-September 2025 was largely due to a deterioration in the annual dynamics of the industrial sector, from 12.6% growth to a 5.7% decline, and a sharp slowdown in trade growth, from 19.5% to 3.5%. At the same time, in September 2025 compared to September 2024, economic activity, on the contrary, accelerated in growth to 10.5% (from 7% a year earlier), and in September alone, growth accelerated from 5.4% to 9.8% (against a slowdown in growth in September 2024 from 7.2% to 6.6%).
