Economic activity in Armenia grew 7.7% year-on-year in the first seven months, exceeding initial forecasts – WB

Economic activity grew 7.7% year-on-year in January-July 2026, exceeding initial forecasts, according to the World Bank's Armenia "Monthly Economic Update – September 2026."

It is noted that economic activity slowed to 6.5% year-on-year in July from 7.4% in June, but cumulative growth since the beginning of the year remains strong.

"Construction and non-trade services remain the main growth drivers, increasing by 26.5% and 17% year-on-year, respectively. The growth in construction was accompanied by a revival in the real estate market: the number of apartment transactions in Yerevan nearly doubled in July, while prices in the city center rose by 12.7% year-on-year, driven by demand from a new influx of Russians and the Armenian diaspora," the study states.

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