Investor Presentation
Armenia Macro Indicators
AMD/USD (daily average)
AMD/EUR (daily average)
503.8
596.5
435.7
-13.5%
392.4
460.8
-22.7%
424.5
-9.9%
-7.9%
2021
2022
2023
2021
2022
2023
CPI (12m)
107.2
2021
6.8
AMD/RUB (daily average)
2021
108.6
2022
-5.3%
24 Investor Presentation | Ameriabank.am
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6.5
2022
4.7
-28.2%
2023
Economic Activity Index (IEA 12m)
102.0
105.8
114.2
109.5
2023
2021
2022
2023
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Highlights
an
High economic growth continued
throughout 2023, building on
extraordinary prior year's growth of 12.6%,
with 2023 GDP growth of 8.7% (preliminary
data). Economic Activity Index (EAI)
reached 9.5% for 2023. The trade and
service sectors were primary drivers of this
growth, complemented by significant
contributions from the industrial and
construction sectors.
In 2023, inflation decreased significantly,
with a notable slowdown beginning in
March, with registered deflation for certain
months. shifting to deflation from June.
After peaking at 8.6 percent at the end of
2022, cumulative inflation fell to 2% during
2023 Core inflation also declined, from an
average of 8% in 1Q23 to -0.4% YoY in
December.
Armenian dram appreciated by 9.9%
against US dollar over 2023 vs 2022 (daily
average), however, the exchange rate has
been stable in recent months
Source: Statistical Committee of Armenia, Central
Bank of Armenia
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