Armenia’s economic growth slows to 6.9% as agriculture contracts

YEREVAN – Armenia’s economic activity grew by 6.9% during the first nine months of 2026, compared with the same period last year, marking a slowdown from the 7.3% growth recorded between January and August.

New figures released by the Statistical Committee reveal considerable disparities between sectors, raising questions about the balance and sustainability of the country’s economic performance.

Construction remained the strongest-performing sector, expanding by 24.9%, while services increased by 13%. Industrial output grew by 5.8%, but trade turnover rose by just 0.6%.

Agriculture recorded a 4.8% contraction, highlighting continued difficulties in a sector that remains vital to rural communities and domestic food production.

Industrial output also declined by 4.5% in September compared with the same month last year, suggesting that the broader growth figures conceal weaknesses in important areas of the economy.

Economy Minister Gevorg Papoyan highlighted the overall expansion, but the latest statistics present a more uneven picture than the government’s positive economic messaging might suggest.

Consumer prices during January–September were also 4.5% higher than a year earlier, adding to concerns about purchasing power and living costs.

While the economy continues to expand, weakening agricultural output, stagnant trade and slower overall growth underscore the need for a more balanced economic strategy capable of delivering tangible improvements across different sectors and communities.