In Armenia, industrial sector declining while industrial price index  rising

 Tuesday, March 25 2025 15:28:00
In Armenia, industrial sector declining while industrial price index  rising

ArmInfo. In Armenia, the industrial price index increased in January-February 2025 compared to the same period in 2024, rising from 100.8% to 102.2%. This increase  occurred amidst a worsening  annual trend in the industrial sector,  which shifted from a 28.9% growth to a 19.4% decline, with a total  volume of 380.5 billion drams ($959 million), as evidenced by  preliminary data from the RA Statistical Committee. 

Armenia`s agricultural exports 8.3% up 
 Thursday, March 20 2025 13:46

ArmInfo. In 2024, Armenia exported 144 thousand tons of fresh vegetables and fruits, which is 11 thousand tons or 8.3% more than in 2023. This was stated in an  interview with the Public Television of Armenia by Deputy Minister of  Economy in charge of the agricultural sector Arman Khojoyan.

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Ticket packets 1.2% of total number of transport tickets in Yerevan 
 Monday, March 17 2025 12:48

ArmInfo. From January 1 to March 10, 17,374,372 tickets were purchased in Yerevan within the framework of the introduced unified ticket system, of which 213,021  (only 1.2%) were package tickets developed by the capital's  municipality. This became known following the results of the working  meeting of the Yerevan City Hall on March 17.

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Armenia`s economic activity increased by 7.1% in January 2025
 Wednesday, March 5 2025 21:20

ArmInfo. Economic activity in Armenia has increased by 7.1% in January 2025 compared to January  2024 (down from 10.7% growth the previous year), with growth in all areas except the industrial sector.

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Armenia`s annual inflation rate for February rose to 2.5%  driven by  higher prices for food and services
 Wednesday, March 5 2025 18:17

ArmInfo.In Armenia, the annual inflation rate in February 2025 reached 2.5% (compared to deflation  of 1.7% the previous year) due to the rise in prices of food products such as vegetables, fruits, butter, meat, chocolate, coffee, tea, fish and seafood.

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In 2024, Armenia`s population increased, however, the entry-exit  balance remained negative
 Friday, February 14 2025 17:53

ArmInfo. In 2024, Armenia's population increased by 84.6 thousand people (up to 3.076 million),  but the entry-exit balance remained negative. This is evidenced by the data from the RA Statistical Committee.

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Birth rate in Armenia decreased by 8% in 2024
 Thursday, February 6 2025 22:10

ArmInfo.In Armenia, 33,648 children were born in 2024, which is 8% less than the previous year  (compared to a decrease of 0.3% in 2023). The birth rate per 1000 inhabitants in 2024 was 1.1 per thousand, down from 12.3 per thousand in 2023. According to  data from the RA Statistical Committee, 52.3% of births were boys, and 47.7% were girls.

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By 2025, Armenia`s population exceeded 3 million people
 Thursday, February 6 2025 22:09

ArmInfo.The population of Armenia increased by 2.2% or 84.6 thousand people by 2025, reaching  3.076 million people. This is evidenced by  data from  the RA Statistical Committee.

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Armenia`s trade sector generated $16.2 billion in revenue in 2024.
 Thursday, February 6 2025 22:04

ArmInfo. Armenia's trade sector generated 6.4 trillion drams ($16.2 billion) in revenue in  2024, showing a decrease in annual growth from 25.7% to 17%. According to the RA Statistical Committee, trade turnover increased by 24.3% in December alone, reaching 774.3 billion drams ($1.9 billion).

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Air cargo transportation maintained double-digit growth in 2024,  while other types of transportation saw a decline
 Thursday, February 6 2025 22:03

ArmInfo. In 2024, the volume of cargo transportation in Armenia decreased by 7.7% (against a 2.2%  decline in 2023), totaling 16,831.5 thousand tons. This decline was across  all types of cargo transportation, except for air transportation, which maintained growth in 2024 with a slight slowdown in rates from 45.5% to 24.5%, amounting to 42.2 thousand tons.

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Armenia`s communications sector experienced accelerated  growth in  2024
 Thursday, February 6 2025 17:46

ArmInfo. Armenia's communications sector experienced a slight acceleration in growth in  2024, increasing from 2.5% to 2.8% and generating revenue of 167 billion drams.

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Electricity generation in Armenia increased by 6.5% in 2024
 Wednesday, February 5 2025 23:57

ArmInfo.In 2024, Armenia generated 9,381.4 million kWh of electricity, marking a 6.5% increase  compared to the previous year. According to the Statistical Committee of the Republic of Armenia, there was a 3.6%  rise  in electricity generation in December alone, reaching 926.4 million kWh.

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In 2024, wine production in Armenia decreased by 29%
 Wednesday, February 5 2025 23:55

ArmInfo. In 2024, there was a rise in the production of cognac, whiskey and beer in Armenia.  However, during the same period, the production of wine (including sparkling wine), vodka, liqueur and other alcoholic beverages saw a notable decline, as evidenced by data from the Statistical Committee  of the Republic of Armenia.

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Armenia`s foreign trade saw a significant increase in the share of  precious metals and stones from 12% to 51% in 2022-2024, although the  growth rate is starting to slow down
 Wednesday, February 5 2025 17:58

ArmInfo. By the end of 2024, the share of precious metals and stones in Armenia's foreign trade  had reached 51% (27% in 2023 and 12% in 2022). In just one year, the value of transactions rose from $5.5 billion to $15.4 billion (compared to $1.7 billion in 2022). From January to December 2024,   imports and exports of precious metals and stones reached 43% and 61%, respectively, from 19% and 38% in 2023 (against 8% and 19% in 2022). This is evidenced by  data from the RA Statistical Committee.

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Armenia`s metallurgical industry closed 2024 in the black
 Wednesday, February 5 2025 16:40

ArmInfo. In 2024, Armenia's metallurgical industry saw a turnaround from a 5% decline to a 1% growth. According to the data of the RA Statistical Committee, the improved dynamics were due to the production of copper concentrate, zinc concentrate, and steel pipes.  During January-December 2024, Armenia produced 301.6 thousand tons of copper concentrate, shifting  from a 5.8% decline to a 4.1% growth compared to the previous year.

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In Armenia, public sector salaries increasing at a faster rate than  those in the private sector
 Friday, January 31 2025 20:57

ArmInfo.Nominal wages in Armenia from January-December 2024 compared to the same period in  2023 showed a slower growth rate of 6.4% (down from 14.6% in 2023), with an average of 287,172 AMD ($731, compared to $688 in 2023). This is evidenced by preliminary data from the RA Statistics Committee. 

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In Armenia, the industrial price index rose from 101.5% to 103.6% in  January-December 2024
 Friday, January 31 2025 20:50

ArmInfo.In Armenia, the industrial price index increased to 103.6% in January-December 2024  from 101.5% in the same period of 2023. This increase was observed against the backdrop of a modest acceleration in the annual growth of industrial sector volumes, rising from 4.1% to 4.7%, with a total  volume of 2.998 trillion drams ($7.6 billion). This is evidenced by  preliminary data from  the RA Statistical Committee. 

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In Armenia, economic  growth slowed from 14.2% to 8% down in the past  two years 
 Friday, January 31 2025 16:40

ArmInfo.In Armenia, economic activity growth in January- December 2024 slowed down to 8% per annum  (from 9.4% in 2023 and 14.2% in 2022). However, the trends in exports and imports have remained relatively stable. This is evidenced by preliminary data from the RA Statistical Committee. 

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In Armenia, service sector revenue growth slowed down by December  2024
 Wednesday, January 15 2025 22:44

ArmInfo.From January to November 2024, the service sector in Armenia experienced a slowdown  in its annual growth rate, dropping from 11.1% to 6.3%. Revenues during this period reached 3 trillion AMD ($7.7 billion).

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30,916 children born in Armenia in first 11 months of 2024
 Wednesday, January 15 2025 22:41

ArmInfo. In January-November 2024, 30,916 children were born in Armenia, which is 7.8% lower than  the figure for the previous year. The birth rate per 1,000 inhabitants for the reporting period was 11.2 per mille, compared to 12.4% a year earlier.

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Armenia`s trade turnover surpassed $14 billion in 11 months
 Wednesday, January 15 2025 17:13

ArmInfo. In Armenia, the trade turnover for 11 months amounted to 5.6 trillion drams ($14.3 billion), showing a slower annual growth rate of 18% compared to the previous 24.3%. This slowdown in growth rate was mainly due to the  stagnation in wholesale and retail trade, as well as a decrease in  the volume of car purchases and sales. This is evidenced by data from  the RA Statistical Committee, according to which in November 2024,  the trade turnover in Armenia increased by 5.4% - to 614 billion AMD  (over $1.5 billion).  

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