GDP growth to exceed target by the end of 2025 - minister 

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%).