Fiscal Balance in Armenia

Armenia Fiscal Balance | Economic News & Forecasts

Armenia - Fiscal Balance

Growth more than doubled in the first quarter (Q1 2019: +7.1% year-on-year; Q4 2018: +3.1% yoy), on the back of robust activity growth in the construction, trade and services sectors. Double digit growth of the wholesale and retail trade sector suggested consumer demand was particularly upbeat in Q1, while booming activity in the financial services and insurance sector underlines healthy business conditions. In less positive news, exports contracted in Q1, taking a bite out of the overall expansion amid largely stable imports. That said, momentum seems to have strengthened further in the second quarter, thanks to sturdy output growth in the industrial, services and retail trade sectors.

Armenia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.5  -1.9  -4.8  -5.4  -4.8  

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Note: Fiscal balance as % of GDP
Source: Ministry of Finance of the Republic of Armenia

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