Translated with AI from the Russian original.
Over the past five years, Armenia's economy has grown by an average of 8.5% annually, while inflation was around 3.5%. These figures were provided by Martin Galstyan, Chairman of the Central Bank of Armenia, in a Raiffeisen Bank podcast.
According to the head of the Central Bank, moderate inflation was maintained thanks to a consistent policy of curbing price growth. Galstyan emphasized that price stability remained one of the key benchmarks of the country's economic policy.
Image source: arkanewsagency
He also noted that Armenia is now classified as an upper-middle-income country. For comparison, about 30 years ago, the country's per capita income was only $100–200.
