GET Activities in Armenia

Economic Monitor Armenia – Issue 02 | January 2020


  • Economic growth at ca. 7.0% in 2019, significantly higher than expected
  • Main driver was private consumption, on the back of robust retail lending
  • Investment activity declined in 2019, with negative implications on mid term growth
  • GDP is forecast to grow by 4.9% in 2020

Policy Study Armenia 01/2020

Reform Options for Free Economic Zones (FEZ) in the Republic of Armenia

Executive Summary

This study identifies reform options for FEZ in Armenia focusing on the four dimensions (1) strategic focus, (2) value proposition, (3) institutional framework, and (4) promotion that are critical for the success of zone programmes.


Economic Monitor Armenia – Issue 01 | October 2019


  • Economic growth in Q1 19 (7.2%) and Q2 19 (6.5%) significantly higher than expected
  • Budget surplus in 7M2019 due to high revenues & under execution of capital expenditures
  • Inflation forecast for 2019 at 2.1%; low inflation key ingredient of macroeconomic stability