Translated with AI from the Russian original.
Economic activity in Armenia maintains a high growth rate, but certain sectors have faced serious difficulties. Amid an increase in the services sector and overall economic growth, the country recorded a decline in exports and a downturn in agriculture.
As of June 2026, economic activity in Armenia grew by 7.7% year-on-year, and for the first six months of the year, the indicator increased by 7.9%. The main driver of growth was the services sector, where rates accelerated to 19.7%. At the same time, the trade sector showed a slight decrease for the first time in a long period – by 0.1%.
One of the main problems remains exports, which decreased by 20.5% in June. Experts attribute this to both possible restrictions on the supply of Armenian products to Russia and a decrease in re-export volumes, which previously accounted for a significant share of the country's foreign trade.
Negative dynamics are also observed in agriculture. In the first half of the year, the sector contracted by 11.9%. One of the possible reasons cited is difficulties with the export of certain types of Armenian agricultural products, especially to the Russian market. However, overall economic growth remains stable due to the development of the services sector and other areas.
